Welsh Family Foundation Inc
Welsh Family Foundation Inc is a private independent foundation based in Vero Beach, Florida. Established in 1994, the foundation operates as a 501(c)(3) tax-exempt organization and focuses on philanthropic grantmaking to support various charitable causes.
Key facts about Welsh Family Foundation Inc
- EIN
- 22-3331136
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,827,090
- Grants made (2024)
- 49
- Average grant
- $57,696
- Median grant
- $9,167
- Total assets
- $4,857,322
- Primary geography
- Florida (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Welsh Family Foundation Inc funds
By grant dollars, the top recipient states for Welsh Family Foundation Inc's 49 itemized 2024 grants were Florida (50%) and New Jersey (36%). The most frequent recipient cities were Vero Beach, FL (18 grants), Edwards, CO (3 grants), Summit, NJ (2 grants) and Washington, DC (2 grants). 100% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+8.0% YoY
Annual Giving
$2.8M
+36.0% YoY
Grant Count
49
-16.9% YoY
Avg Grant Size
$58K
+63.7% YoY
Under IRS private-foundation payout rules, Welsh Family Foundation Inc reported a distributable amount of $145K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Hospitals and children's services
- Children's health care
- Education
- Human services
- Philanthropy, voluntarism, and grantmaking
The foundation makes unrestricted grants to organizations aligned with these focus areas.
Grantmaking
The foundation made 51 grants in 2023, with typical award amounts ranging from $500 to $1,086,310.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Florida
- Colorado
- New Jersey
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $4,498,754
- Total Revenues: $1,452,183
- Total Expenses: $2,127,688
- Investment Income and Dividends: $200,143
- Number of Employees: 0
As of December 2024:
- Total Assets: $4,857,322
- Total Giving: $2,827,090
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,857,322 | $4,498,754 | $5,174,259 |
| Revenue | $6,121,846 | $1,452,183 | $4,099,108 |
| Expenses | $2,851,521 | $2,127,688 | $2,685,995 |
| Qualifying Distributions | $2,828,540 | $2,080,795 | $2,528,228 |
| Net Investment Income | $3,089,697 | $1,449,453 | $3,107,308 |
| Distributable Amount | $145,327 | $237,717 | $300,326 |
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
261 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Pep Foundation ($955,573), Cleveland Clinic Indian River Foundation ($752,000), Vna Hospice ($255,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEP FOUNDATION SUMMIT, NJ | UNRESTRICTED | $955,573 |
| CLEVELAND CLINIC INDIAN RIVER FOUNDATION WESTON, FL | UNRESTRICTED | $752,000 |
| VNA HOSPICE VERO BEACH, FL | UNRESTRICTED | $255,000 |
| THE LEARNING ALLIANCE VERO BEACH, FL | UNRESTRICTED | $250,000 |
| FOCUSED ULTRASOUND FOUNDATION CHARLOTTESVILLE, VA | UNRESTRICTED | $100,000 |
| AMERICAN TINNITUS ASSOCIATION WASHINGTON, DC | UNRESTRICTED | $70,050 |
| HABITAT FOR HUMANITY VAIL VALLEY AVON, CO | UNRESTRICTED | $50,000 |
| INDIAN RIVER HABITAT FOR HUMANITY VERO BEACH, FL | UNRESTRICTED | $50,000 |
| RIVERSIDE THEATRE VERO BEACH, FL | UNRESTRICTED | $40,000 |
| AMERICAN RED CROSS VERO BEACH, FL | UNRESTRICTED | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Patrick Welsh - Trustee (as of 2023)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK J WELSH | TRUSTEE | 0.5 | — |
| ERIC A WELSH | TRUSTEE | 0.5 | — |
| CAROL A WELSH | TRUSTEE | 0.5 | — |
Contact Information
Address: 2770 Indian River Boulevard, Vero Beach, FL 32960-4299
Phone: 772-539-0628
EIN: 22-3331136
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Welsh Family Foundation Inc fund?
The foundation's giving priorities include: • Hospitals and children's services • Children's health care • Education • Human services • Philanthropy, voluntarism, and grantmaking The foundation makes unrestricted grants to organizations aligned with these focus areas.
How do I apply for a grant from Welsh Family Foundation Inc?
**Grant Activity:** The foundation made 51 grants in 2023, with typical award amounts ranging from $500 to $1,086,310. **Recent Notable Grants (2023):** • Pep Foundation: $1,086,310 (unrestricted) • The Learning Alliance: $250,000 (unrestricted) • Habitat for Humanity - Indian River: $100,000 (unrestricted) The foundation distributed approximately $2.08 million in grants in 2023, with 37 additional grants totaling $1,754,257 beyond the three largest awards listed above.
Where does Welsh Family Foundation Inc make grants?
The foundation primarily funds organizations in: • Florida • Colorado • New Jersey
What size grants does Welsh Family Foundation Inc award?
In 2024, Welsh Family Foundation Inc awarded 49 grants totaling $2.8M — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is Welsh Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Welsh Family Foundation Inc reported a distributable amount of $145K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Welsh Family Foundation Inc's EIN?
Welsh Family Foundation Inc's EIN (Employer Identification Number) is 22-3331136. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Welsh Family Foundation Inc'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.