Welch Foundation Inc
Welch Foundation Inc is a private foundation focused on Agriculture, based in Spokane, WA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $169K in total assets. In 2025, it awarded 1 grant totaling $20K. Net investment income was $17K.
Welch Foundation Inc at a glance
In short: Welch Foundation Inc gave $20K across 1 grant in 2025 (avg $20K), mostly in Washington. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- -33.3% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $20,000
- +100.0% vs 2024
- Median grant
- $20,000
- Total assets
- $168,974
- -4.1% vs 2024
- Primary geography
- Washington (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Welch Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Teen & Kid Closet ($20K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Welch Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 229% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2021) to $100K (2020). In 2025 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Teen & Kid Closet Spokane, WA | General Program Support | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $168,974 | $21,915 | $29,129 | $20,000 | 1 | $23,496 | $17,047 | $10,263 |
| 2024 | $176,189 | $26,504 | $34,829 | $30,000 | 3 | $31,616 | $23,511 | $10,164 |
| 2023 | $184,517 | $7,466 | $1,334 | — | — | — | $6,132 | $10,063 |
| 2022 | $178,374 | $11,809 | $24,651 | $20,000 | 2 | $21,512 | $8,680 | $12,115 |
| 2021 | $191,216 | $11,850 | $24,354 | $20,000 | 1 | — | $8,997 | $10,973 |
| 2020 | $203,720 | $5,614 | $107,330 | $100,000 | 1 | — | $1,799 | $11,249 |
Under IRS private-foundation payout rules, Welch Foundation Inc reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Welch Foundation Inc is led by Carol A. Wilson, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol A. Wilson
President
On filings since 2020
No compensation reported
Jeff O'Neill
Trustee & Director
On filings since 2022
No compensation reported
Lyn Mills
Trustee & Director
On filings since 2022
No compensation reported
Michael F. Wilson
Trustee & Director
On filings since 2022
No compensation reported
Frank O'Neill
Secretary
On filings since 2020
No compensation reported
Jacqueline Peterson
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Welch Foundation Inc
How much does Welch Foundation Inc give each year?
Welch Foundation Inc gave $20K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 3 grants.
How large is Welch Foundation Inc?
Welch Foundation Inc reported $169K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is Welch Foundation Inc?
Welch Foundation Inc is a private foundation focused on Agriculture, based in Spokane, WA. It holds $169K in total assets as of 2025.
Where does Welch Foundation Inc operate?
Welch Foundation Inc has awarded grants in Washington.
What is Welch Foundation Inc's EIN?
Welch Foundation Inc's EIN (Employer Identification Number) is 91-6035155. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 7, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 30, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 11, 2026)
- IRS filings on file for fiscal years 2020–2025
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Welch Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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