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.
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
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
246 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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