Weld Foundation-scientific &

HUDSON, MA EIN: 22-2989001

Weld Foundation-scientific & is a private foundation, based in HUDSON, MA. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $14K in total assets. In 2022, it awarded 7 grants totaling $2.6M. Net investment income was $90K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$14K

-99.5% YoY

Annual Giving

$2.6M

Grant Count

Avg Grant Size

$379K

Under IRS private-foundation payout rules, Weld Foundation-scientific & reported a distributable amount of $60K for 2022 — the minimum it must pay out in qualifying distributions.

About Weld Foundation-scientific &

Based on IRS filings

Ready to take the next step with Weld Foundation-scientific &?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $3.1M (100%)

States

Massachusetts

Cities

Cambridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	$13,862	$2,585,419	$2,452,661
Revenue	$131,226	$201,004	$-115,537
Expenses	$2,720,057	$67,568	$555,558
Qualifying Distributions	$2,682,290	$31,253	—
Net Investment Income	$90,233	$162,981	$9,976
Distributable Amount	$59,830	$140,118	$130,237

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 2022

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Harvard University ($800,000), Harvard University ($400,000), Electra Aero - Harvard University ($300,000).

Recipient	Purpose	Amount
ELECTRA AERO - HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$300,000
HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$400,000
ELECTRA AERO - HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$300,000
HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$250,000
ELECTRA AERO - HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$300,000
ELECTRA AERO - HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$300,000
HARVARD UNIVERSITY CAMBRIDGE, MA	PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION	$800,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
PETER SCAHILL	PRIVATE TRUSTEE	4	—
JAMES G ANDERSON	PART TIME	1	—

Frequently Asked Questions

How large is Weld Foundation-scientific &?

As of 2022, Weld Foundation-scientific & holds $14K in total assets with $131K in annual revenue. It awarded 7 grants totaling $2.6M in 2022.

Where does Weld Foundation-scientific & operate?

Weld Foundation-scientific & has awarded grants in Massachusetts.

What size grants does Weld Foundation-scientific & award?

In 2022, Weld Foundation-scientific & awarded 7 grants totaling $2.6M — an average of about $379K per grant, based on its IRS Form 990 filings.

How much is Weld Foundation-scientific & required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Weld Foundation-scientific & reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.