Weld Foundation
The Weld Foundation is a private foundation based in Boston, Massachusetts, established in 1954. It operates as a 501(c)(3) grantmaking organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.3M
+5.3% YoY
Annual Giving
$958K
+1.2% YoY
Grant Count
61
-3.2% YoY
Avg Grant Size
$16K
+4.6% YoY
Under IRS private-foundation payout rules, Weld Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing: December 2024
The foundation maintains a modest operational structure with no full-time staff dedicated to administration.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,277,156 | $7,859,768 | $7,504,641 |
| Revenue | $1,499,759 | $1,405,086 | $807,199 |
| Expenses | $1,082,371 | $1,049,959 | $1,178,430 |
| Qualifying Distributions | $973,851 | $959,971 | $1,075,104 |
| Net Investment Income | $1,419,975 | $1,312,314 | $748,570 |
| Distributable Amount | $1,120,204 | $971,527 | $959,843 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
238 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Haven Sustainable Housing ($134,708), Pingree School ($111,209), Salem Hospital ($85,483).
| Recipient | Purpose | Amount |
|---|---|---|
| AGAPE INC PORTLAND, ME | GENERAL | $1,287 |
| ALZHEIMER RESEARCH AND PREVENTION FOUNDATION TUCSON, AZ | GENERAL | $8,500 |
| AMERICAN RED CROSS BOONE, IA | GENERAL | $8,500 |
| AREA INTERFAITH OUTREACH ROCKLAND, ME | GENERAL | $5,000 |
| ATLANTIC SHARK INSTITUTE WAKEFIELD, RI | GENERAL | $5,000 |
| BEAUFORT ACADEMY BEAUFORT, SC | GENERAL | $55,000 |
| BEAUFORT CHARITIES SANTA CLARA, CA | GENERAL | $12,000 |
| BROOKLYN GREENWAY INITIATIVE BROOKLYN, NY | GENERAL | $5,000 |
| CATHOLIC RELIEF SERVICES BALTIMORE, MD | GENERAL | $10,000 |
| CHILD ABUSE PREVENTION ASSOCIATION (CAPA) BEAUFORT, SC | GENERAL | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C-F DAVID BOIT | TRUSTEE | 1 | $22,293 |
| THOMAS R APPLETON | TRUSTEE | 1 | $22,293 |
Frequently Asked Questions
What size grants does Weld Foundation award?
In 2024, Weld Foundation awarded 61 grants totaling $958K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Weld Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Weld Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Weld Foundation's EIN?
Weld Foundation's EIN (Employer Identification Number) is 04-6039173. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Weld Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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