Welch Foundation Inc

SPOKANE, WA EIN: 91-6035155

Agriculture fishing and forestry Community and economic development Housing development Human services

Welch Foundation Inc is a private foundation focused on Agriculture, based in SPOKANE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 3 grants totaling $30K. Net investment income was $24K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$176K

-4.5% YoY

Annual Giving

$30K

Grant Count

Avg Grant Size

$10K

Under IRS private-foundation payout rules, Welch Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Welch Foundation Inc

Based on IRS filings

Focus Areas

Agriculture fishing and forestry Community and economic development Housing development Human services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $170K (100%)

States

Washington

Cities

SpokaneSpokane Valley

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$176,189	$184,517	$178,374
Revenue	$26,504	$7,466	$11,809
Expenses	$34,829	$1,334	$24,651
Qualifying Distributions	$31,616	—	$21,512
Net Investment Income	$23,511	$6,132	$8,680
Distributable Amount	$10,164	$10,063	$12,115

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Childhood Cancer Org Inlan ($10,000), Global Neighborhood ($10,000), Greater Spokane County Meals on Whe ($10,000).

Recipient	Purpose	Amount
AMERICAN CHILDHOOD CANCER ORG INLAN SPOKANE, WA	GENERAL PROGRAM SUPPORT	$10,000
GLOBAL NEIGHBORHOOD SPOKANE, WA	GENERAL PROGRAM SUPPORT	$10,000
GREATER SPOKANE COUNTY MEALS ON WHE SPOKANE VALLEY, WA	GENERAL PROGRAM SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CAROL A WILSON	PRESIDENT	—	—
JACQUELINE PETERSON	VICE-PRESIDE	—	—
FRANK O'NEILL	SECRETARY	—	—
MICHAEL F WILSON	TRUSTEE/DIRE	—	—
LYN MILLS	TRUSTEE/DIRE	—	—
JEFF O'NEILL	TRUSTEE/DIRE	—	—

Subject Areas

Focus areas based on grantmaking activity

Agriculture fishing and forestry Community and economic development Housing development Human services

Frequently Asked Questions

What is Welch Foundation Inc?

Welch Foundation Inc is a private foundation focused on Agriculture, based in SPOKANE, WA. It holds $176K in total assets as of 2024.

How large is Welch Foundation Inc?

As of 2024, Welch Foundation Inc holds $176K in total assets with $27K in annual revenue. It awarded 3 grants totaling $30K in 2024.

Where does Welch Foundation Inc operate?

Welch Foundation Inc has awarded grants in Washington.

What size grants does Welch Foundation Inc award?

In 2024, Welch Foundation Inc awarded 3 grants totaling $30K — an average of about $10K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Welch Foundation Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.