Welsh Family Foundation
Welsh Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Merritt Island, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 20 grants totaling $149K. Net investment income was $137K.
Key facts about Welsh Family Foundation
- EIN
- 20-6709966
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $149,000
- Grants made (2024)
- 20
- Average grant
- $7,450
- Median grant
- $2,000
- New grantees (estimate)
- 25% first-time grantees (5 of 20, 2024)
- Total assets
- $1,096,453
- Primary geography
- North Carolina (63% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Welsh Family Foundation funds
By grant dollars, the top recipient states for Welsh Family Foundation's 20 itemized 2024 grants were North Carolina (63%), Virginia (8%) and Tennessee (7%). The most frequent recipient cities were Raleigh, NC (3 grants) and Lawrenceville, GA (2 grants). 70% of grants with a stated purpose were for general or operating support. Recurring purposes include "Education" (5 grants).
Is Welsh Family Foundation open to new grantees?
25%
first-time grantees, 2024
In 2024, 5 of 20 grantees (25%) were first-time recipients. First grants averaged $9K; repeat grants $7K. How we count
Medians: $2K first-time, $2K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving grew 148% from 2021 to 2024. Method
- In 2024 it paid out 241% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Welsh Family Foundation
- How to evaluate Welsh Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+1.3% YoY
Annual Giving
$149K
+38.0% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$7K
+38.0% YoY
Under IRS private-foundation payout rules, Welsh Family Foundation reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About Welsh Family Foundation
Based on IRS filings
Welsh Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Merritt Island, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 20 grants totaling $149K. Net investment income was $137K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,096,453 | $1,082,388 | $1,062,288 |
| Revenue | $142,089 | $105,344 | $34,405 |
| Expenses | $158,021 | $112,827 | $64,660 |
| Qualifying Distributions | $149,000 | $108,000 | $59,500 |
| Net Investment Income | $137,008 | $100,517 | $33,325 |
| Distributable Amount | $61,743 | $57,402 | $60,466 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Redeemer Presbyterian Church in America ($50,000), Wee Care Children's Enrichment Program ($30,000), St Jude's Children Hospital ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| REDEEMER PRESBYTERIAN CHURCH IN AMERICA Raleigh, NC | GENERAL | $50,000 |
| WEE CARE CHILDREN'S ENRICHMENT PROGRAM Raleigh, NC | EDUCATION | $30,000 |
| ST JUDE'S CHILDREN HOSPITAL Memphis, TN | GENERAL | $10,000 |
| UNC HEALTHCARE Chapel Hill, NC | HEALTH | $10,000 |
| RESURRECTION LIFE CHURCH Buffalo, NY | GENERAL | $10,000 |
| ABWE New Cumberland, PA | GENERAL | $8,000 |
| LIBERTY UNIVERSITY Lynchburg, VA | EDUCATION | $8,000 |
| REFORMED UNIVERSITY FELLOWSHIP Lawrenceville, GA | EDUCATION | $5,000 |
| GRACE COVENANT PRESBYTERIAN CHURCH Asheville, NC | GENERAL | $2,000 |
| HOUSE OF HOPE Front Royal, VA | GENERAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jacqueline P Welsh | Grantor/Trustee | 3 | — |
| Nancy L Welsh | Trustee | 1 | — |
| David a Welsh | Trustee | 1 | — |
| Steven M Welsh | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Welsh Family Foundation?
Welsh Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Merritt Island, FL. It holds $1.1M in total assets as of 2024.
How large is Welsh Family Foundation?
As of 2024, Welsh Family Foundation holds $1.1M in total assets with $142K in annual revenue. It awarded 20 grants totaling $149K in 2024.
Where does Welsh Family Foundation operate?
Welsh Family Foundation has awarded grants in Alaska, Arizona, Colorado, Florida, Georgia, Kentucky, Maryland, North Carolina, New York, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont.
What size grants does Welsh Family Foundation award?
In 2024, Welsh Family Foundation awarded 20 grants totaling $149K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Welsh Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Welsh Family Foundation reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Welsh Family Foundation's EIN?
Welsh Family Foundation's EIN (Employer Identification Number) is 20-6709966. 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.