The Welty Foundation Inc

Foundation · Grantmaker SPOKANE, WA EIN: 94-3210510

The Welty Foundation Inc is a private foundation, based in SPOKANE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $59K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$830K

+0.1% YoY

Annual Giving

$53K

+6.4% YoY

Grant Count

-12.5% YoY

Avg Grant Size

$8K

+21.6% YoY

Under IRS private-foundation payout rules, The Welty Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.

About The Welty Foundation Inc

Based on IRS filings

Your AI grants department

Ready to take the next step with The Welty Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $252K (93%)

California $14K (5%)

Idaho $5K (2%)

States

California Idaho Washington

Cities

CheneyCoeur DaleneRanchos Palos VerdesSpokane

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$830,083	$829,170	$841,886
Revenue	$70,193	$51,281	$36,518
Expenses	$68,307	$63,997	$73,331
Qualifying Distributions	$57,422	$53,577	$61,224
Net Investment Income	$59,308	$40,936	$24,411
Distributable Amount	$51,867	$48,742	$50,446

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Spokane Public Schools ($18,000), Spokane Youth Symphony ($10,000), Spokane Symphony Society ($7,000).

Recipient	Purpose	Amount
NW MUSEUM OF ARTS & CULTURE SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING THE ARTS	$4,500
SPOKANE AREA YOUTH CHOIRS SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING MUSIC	$5,000
SPOKANE PUBLIC SCHOOLS SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING EDUCATION	$18,000
SPOKANE SYMPHONY SOCIETY SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING MUSIC	$7,000
SPOKANE YOUTH SYMPHONY SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING MUSIC	$10,000
THE SALVATION ARMY RANCHOS PALOS VERDES, CA	PROVIDE RESOURCES FOR FOSTERING EDUCATION	$4,500
WEST CENTRAL COMMUNITY DEVELOPMENT ASSOCIATION SPOKANE, WA	PROVIDE RESOURCES FOR FOSTERING THE ARTS	$4,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BERDINE S BENDER MD	DIRECTOR/PRESIDENT	1	—
ROBERT D WIGERT MD	DIRECTOR/VP	1	—
CHRISTINE S SCHNUG	SECRETARY/TREASURER	1	—

Frequently Asked Questions

How large is The Welty Foundation Inc?

As of 2024, The Welty Foundation Inc holds $830K in total assets with $70K in annual revenue. It awarded 7 grants totaling $53K in 2024.

Where does The Welty Foundation Inc operate?

The Welty Foundation Inc has awarded grants in California, Idaho, Washington.

What size grants does The Welty Foundation Inc award?

In 2024, The Welty Foundation Inc awarded 7 grants totaling $53K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Welty Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Welty Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.