Welfund Inc
Welfund Inc is a private foundation, based in MERCER ISLAND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $978K in total assets. In 2024, it awarded 6 grants totaling $85K. Net investment income was $33K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$978K
-5.1% YoY
Annual Giving
$85K
-2.9% YoY
Grant Count
6
-45.5% YoY
Avg Grant Size
$14K
+78.1% YoY
Under IRS private-foundation payout rules, Welfund Inc reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
About Welfund Inc
Based on IRS filings
Welfund Inc is a private foundation, based in MERCER ISLAND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $978K in total assets. In 2024, it awarded 6 grants totaling $85K. Net investment income was $33K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $977,838 | $1,030,603 | $1,065,125 |
| Revenue | $55,409 | $74,336 | $61,580 |
| Expenses | $108,174 | $108,858 | $117,231 |
| Qualifying Distributions | $86,197 | $88,660 | $97,075 |
| Net Investment Income | $33,482 | $54,188 | $41,449 |
| Distributable Amount | $98,231 | $86,136 | $88,922 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nw School of Wooden Boat Bu ($50,000), Leavenworth Ski Hill Heritage Fnd ($10,000), Wenatchee River Institute ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LEAVENWORTH SKI HILL HERITAGE FND LEAVENWORTH, WA | FACILITATE WINTER RECREATION | $10,000 |
| ST VINCENT DE PAUL SCHOOL FEDERAL WAY, WA | GENERAL SUPPORT | $2,000 |
| URBAN ART WORKS SEATTLE, WA | GENERAL SUPPORT | $9,000 |
| JACKSON HOLE PUBLIC ART JACKSON HOLE, WY | GENERAL SUPPORT | $3,500 |
| WENATCHEE RIVER INSTITUTE LEAVENWORTH, WA | GENERAL SUPPORT | $10,000 |
| NW SCHOOL OF WOODEN BOAT BU PORT HADLOCK, WA | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M ANTHONY KEYSER | PRESIDENT | — | — |
| MARY ANNE KEYSER | VICE PRESIDE | — | — |
| JILL KEYSER | SECRETARY/TR | — | — |
Frequently Asked Questions
How large is Welfund Inc?
As of 2024, Welfund Inc holds $978K in total assets with $55K in annual revenue. It awarded 6 grants totaling $85K in 2024.
Where does Welfund Inc operate?
Welfund Inc has awarded grants in California, Oregon, South Carolina, Texas, Utah, Washington, Wyoming.
What size grants does Welfund Inc award?
In 2024, Welfund Inc awarded 6 grants totaling $85K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Welfund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Welfund Inc reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Welfund Inc's EIN?
Welfund Inc's EIN (Employer Identification Number) is 95-6091887. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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