Welfund Inc
Welfund Inc is a private foundation based in Mercer Island, Washington. Its 2025 filing states that its only activity is making charitable contributions from investment income; qualifying donees may be engaged in religious, charitable, scientific, literary, or educational work.
Welfund Inc at a glance
In short: Welfund Inc gave $97K across 12 grants in 2025 (avg $8K), mostly in Washington. 67% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $96,500
- +14.2% vs 2024
- Grants made (2025)
- 12
- +100.0% vs 2024
- Average grant
- $8,042
- -42.9% vs 2024
- Median grant
- $5,000
- Total assets
- $970,210
- -0.8% vs 2024
- New grantees (estimate)
- 67% first-time grantees (8 of 12, 2025; small sample)
- Primary geography
- Washington (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Welfund Inc
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations. It lists Welfund Inc as the contact, with no application form or materials specified and no award restrictions specified.
- Contact
Application contact: Welfund Inc
Mailing address: 7525 Se 24Th Street Ste 360, Mercer Island, WA 98040
Phone: (206) 236-0734
Email: phill@babermason.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Welfund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was NW School of Wooden Boat Bu ($50K). Together the top 10 received $95K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 45 grants of 47 (96%).
Geographic Focus
Where this funder awards grants
In 2025, 94% of grant dollars went to recipients in Washington, 5% to recipients in Idaho, and 1% to recipients in Michigan.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Is Welfund Inc open to new grantees?
67%
first-time grantees, 2025
In 2025, 8 of 12 grantees (67%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $3K; repeat grants $18K. How we count
Medians: $4K first-time, $8K repeat.
- 33% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $77K (2019) to $97K (2025). In 2025 it made 12 grants totaling $97K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NW School of Wooden Boat Bu Port Hadlock, WA | General Support | $50,000 |
| Urban Art Works Seattle, WA | General Support | $10,000 |
| Leavenworth Ski Hill Heritage Fnd Leavenworth, WA | Facilitate Winter Recreation | $6,300 |
| Chimpanzee Sanctuary CLE Elum, WA | General Support | $5,000 |
| Grunewald Guild Leavenworth, WA | General Support | $5,000 |
| Red & Blue Foundation Hayden, ID | Canfield Incident | $5,000 |
| Teen & Kid Closet Spokane, WA | Ella Lopez | $5,000 |
| Wenatchee River Institute Leavenworth, WA | General Support | $5,000 |
| Chelan County Fire District Leavenworth, WA | General Support | $2,000 |
| Cascade Public Media Seattle, WA | General Support | $1,200 |
Ready to take the next step with Welfund Inc?
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 | $970,210 | $126,535 | $134,163 | $96,500 | 12 | $98,268 | $90,640 | $103,264 |
| 2024 | $977,838 | $55,409 | $108,174 | $84,500 | 6 | $86,197 | $33,482 | $98,231 |
| 2023 | $1,030,603 | $74,336 | $108,858 | $87,000 | 11 | $88,660 | $54,188 | $86,136 |
| 2022 | $1,065,125 | $61,580 | $117,231 | $95,500 | 11 | $97,075 | $41,449 | $88,922 |
| 2021 | $1,057,355 | $31,716 | $102,732 | $79,500 | 7 | $80,972 | $9,981 | $97,591 |
| 2020 | $1,128,371 | $32,416 | $97,082 | $78,000 | 7 | — | $14,804 | $80,900 |
| 2019 | $1,193,037 | $60,638 | $95,767 | $76,800 | 4 | — | $21,320 | $79,128 |
Under IRS private-foundation payout rules, Welfund Inc reported a distributable amount of $103K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing does not state a separate mission. Its 2025 grants went to organizations with varied activities. For example, the Wenatchee River Institute says it provides environmental learning experiences connecting people, communities, and the natural world. Grunewald Guild describes its mission as welcoming and inspiring people to explore relationships between art, faith, and community. Cascade Public Media says it aims to inform and inspire its community.
Grantmaking
In filing year 2025, Welfund Inc gave $96,500 through 12 grants. Grant amounts ranged from $1,000 to $50,000, with a median grant of $5,000. Its largest grants included $50,000 to NW School of Wooden Boat Building for general support, $10,000 to Urban Art Works for general support, and $6,300 to Leavenworth Ski Hill Heritage Foundation to facilitate winter recreation.
Other 2025 grants included $5,000 each to Chimpanzee Sanctuary, Grunewald Guild, Red & Blue Foundation for the Canfield Incident, Teen & Kid Closet for Ella Lopez, and Wenatchee River Institute. Chelan County Fire District received $2,000 for general support; Cascade Public Media received $1,200 for general support; and Chris Craft Antique Boat Club and WSU each received $1,000 for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists M Anthony Keyser as president, Mary Anne Keyser as vice president, and Jill Keyser as secretary/treasurer.
Welfund Inc is led by M. Anthony Keyser, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
M. Anthony Keyser
President
On filings since 2019
No compensation reported
Jill Keyser
Secretary
On filings since 2019
No compensation reported
Mary Anne Keyser
Vice President
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Welfund Inc
How much does Welfund Inc give each year?
Welfund Inc gave $97K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $85K across 6 grants.
What is Welfund Inc's typical grant size?
Welfund Inc's median grant in 2025 was $5,000, and its average grant was $8,042, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Welfund Inc that year got $3K on average.
Where does Welfund Inc give grants?
Welfund Inc gives mostly in Washington: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Idaho (5%). The most frequent recipient cities were Leavenworth, WA (4 grants) and Seattle, WA (2 grants).
Does Welfund Inc give general operating support?
Yes: 75% of Welfund Inc's 2025 grants with a stated purpose (9 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Welfund Inc's largest grantees?
Welfund Inc's largest 2025 grantees include NW School of Wooden Boat Bu ($50,000), Urban Art Works ($10,000) and Leavenworth Ski Hill Heritage Fnd ($6,300), according to its 2025 IRS Form 990-PF. Together they received 69% of its itemized 2025 grant dollars.
How large is Welfund Inc?
Welfund Inc reported $970K in total assets on its 2025 IRS Form 990-PF. It paid out $98K in qualifying distributions that year, against a required minimum of $103K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Welfund Inc fund?
The foundation’s filing does not state a separate mission. Its 2025 grants went to organizations with varied activities. For example, the Wenatchee River Institute says it provides environmental learning experiences connecting people, communities, and the natural world. See mission & focus areas ↑
How do I apply for a grant from Welfund Inc?
The filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Welfund Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/welfund-inc-morg_a94d3c5c6287472bbc8ca0f7ad36eb98
BibTeX
@misc{grantable_956091887_2026,
author = {{Grantable}},
title = {{Welfund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/welfund-inc-morg_a94d3c5c6287472bbc8ca0f7ad36eb98},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Welfund 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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