Welshons Family Scholarship Trust
Welshons Family Scholarship Trust is a private foundation, based in Hastings, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $266K in total assets. In 2025, it awarded 6 grants totaling $16K. Net investment income was $20K.
Welshons Family Scholarship Trust at a glance
In short: Welshons Family Scholarship Trust gave $16K across 6 grants in 2025 (avg $3K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $16,000
- +88.2% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $2,667
- -5.9% vs 2024
- Median grant
- $2,500
- Total assets
- $266,490
- +13.9% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Welshons Family Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Welshons Family Scholarship Trust gives
- Giving grew 45% from 2022 to 2025. Method
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $9K (2024) to $18K (2020). In 2025 it made 6 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 6 individual scholarships Recipients not named | — | $16,000 |
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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 | $266,490 | $23,691 | $20,346 | $16,000 | 6 | $16,000 | $19,563 | $14,017 |
| 2024 | $233,895 | $7,808 | $12,885 | $8,500 | 3 | $8,500 | $15,662 | $13,336 |
| 2023 | $244,548 | $6,269 | $17,728 | $13,500 | 5 | $13,500 | $3,563 | $12,473 |
| 2022 | $260,980 | $23,545 | $12,307 | $11,000 | 4 | $11,000 | $23,440 | $13,113 |
| 2021 | $261,521 | $27,238 | $19,355 | $15,000 | 6 | $15,000 | $26,413 | $14,433 |
| 2020 | $248,884 | $62,079 | $22,864 | $17,500 | 6 | — | $11,040 | $26,180 |
| 2019 | $215,208 | $14,618 | $21,317 | $16,000 | 6 | — | $12,063 | $11,246 |
Under IRS private-foundation payout rules, Welshons Family Scholarship Trust reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Welshons Family Scholarship Trust is led by Richard Welshons Trustee, Trustee on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Richard Welshons Trustee
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Richard Welshons (2021) — Trustee
- Former: Richard Welshons Trusteedca (2020) — Trustee
- Former: MN Fiduciary Services (2019) — Manager
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 Welshons Family Scholarship Trust
How much does Welshons Family Scholarship Trust give each year?
Welshons Family Scholarship Trust gave $16K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 3 grants.
What is Welshons Family Scholarship Trust's typical grant size?
Welshons Family Scholarship Trust's median grant in 2025 was $2,500, and its average grant was $2,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does Welshons Family Scholarship Trust give grants?
Welshons Family Scholarship Trust gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Welshons Family Scholarship Trust give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Welshons Family Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
How large is Welshons Family Scholarship Trust?
Welshons Family Scholarship Trust reported $266K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is Welshons Family Scholarship Trust's EIN?
Welshons Family Scholarship Trust's EIN (Employer Identification Number) is 41-6287586. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 14, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2019–2024
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