Welch Family Foundation

Foundation · Grantmaker Tulsa, OK EIN: 73-1502461

Welch Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Tulsa, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 9 grants totaling $207K. Net investment income was $490K.

Key facts about Welch Family Foundation

EIN: 73-1502461
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $207,000
Grants made (2024): 9
Average grant: $23,000
Median grant: $21,800
Total assets: $2,800,314
Primary geography: Oklahoma (60% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Welch Family Foundation funds

By grant dollars, the top recipient states for Welch Family Foundation's 9 itemized 2024 grants were Oklahoma (60%), Washington (19%) and Missouri (11%). The most frequent recipient cities were Tulsa, OK (6 grants). None of its 9 grants with a stated purpose were described as general or operating support.

How Welch Family Foundation gives

Giving held roughly steady from 2021 to 2024 (+2%). Method
In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Welch Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

+11.1% YoY

Annual Giving

$207K

-0.3% YoY

Grant Count

-10.0% YoY

Avg Grant Size

$23K

+10.8% YoY

Under IRS private-foundation payout rules, Welch Family Foundation reported a distributable amount of $214K for 2024 — the minimum it must pay out in qualifying distributions.

About Welch Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $125K (60%)

Washington $40K (19%)

Missouri $22K (11%)

Kentucky $20K (10%)

Share of all 9 itemized 2024 grant dollars.

States

Kentucky Missouri Oklahoma Washington

Cities

TulsaPoint LookoutSpokaneWilmoreHugo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,800,314	$2,519,781	$2,690,203
Revenue	$494,353	$37,386	$69,043
Expenses	$213,777	$210,774	$193,709
Qualifying Distributions	$207,000	$208,187	$185,163
Net Investment Income	$489,595	$108,128	$87,416
Distributable Amount	$213,875	$209,564	$218,427

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

47 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Whitworth University ($40,000), Camp Loughridge ($25,000), Literacy & Evangelism International ($25,000).

Recipient	Purpose	Amount
WHITWORTH UNIVERSITY Spokane, WA	SUPPORT FOR EDUCATIONAL & RELIGIOUS PROGRAMS	$40,000
CAMP LOUGHRIDGE Tulsa, OK	SUPPORT FOR RELIGIOUS AND YOUTH PROGRAMS	$25,000
LITERACY & EVANGELISM INTERNATIONAL Tulsa, OK	SUPPORT FOR RELIGIOUS & EDUCATIONAL PROGRAMS	$25,000
HELPING HAND MINISTRY INC Tulsa, OK	SUPPORT FOR SERVICES PROVIDED TO THE NEEDY	$24,100
COLLEGE OF THE OZARKS Point Lookout, MO	SCHOLARSHIPS	$21,800
ASBURY SEMINARY Wilmore, KY	SUPPORT FOR EDUCATIONAL & RELIGIOUS PROGRAMS	$20,000
FIRST PRESBYTERIAN CHURCH Tulsa, OK	SUPPORT FOR RELIGIOUS ACTIVITIES	$20,000
OPERATION HOPE PRISON MINISTRY Tulsa, OK	SUPPORT FOR SERVICES PROVIDED TO THOSE IN NEED	$20,000
NEIGHBORS ALONG THE LINE INC Tulsa, OK	SUPPORT FOR SERVICES PROVIDED TO THOSE IN NEED	$11,100

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Peggy Welch Holt	VP & Secretary	1	—
Willam J Welch	Dir & Pres	1.5	—
Douglas S Welch	Director	0.5	—
Grace Sensintaffar	Director	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Welch Family Foundation?

Welch Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Tulsa, OK. It holds $2.8M in total assets as of 2024.

How large is Welch Family Foundation?

As of 2024, Welch Family Foundation holds $2.8M in total assets with $494K in annual revenue. It awarded 9 grants totaling $207K in 2024.

Where does Welch Family Foundation operate?

Welch Family Foundation has awarded grants in Kentucky, Missouri, Oklahoma, Washington.

What size grants does Welch Family Foundation award?

In 2024, Welch Family Foundation awarded 9 grants totaling $207K — an average of about $23K per grant, based on its IRS Form 990 filings.

How much is Welch Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Welch Family Foundation reported a distributable amount of $214K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.