Welter Foundation Inc is a private foundation established in 1997 and based in Bristol, Indiana. The foundation operates as a family foundation supported by Jack and Angie Welter, with Edward P Welter serving as President and Director.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.1M
+99.1% YoY
Annual Giving
$691K
+22.7% YoY
Grant Count
38
+0.0% YoY
Avg Grant Size
$18K
+22.7% YoY
Under IRS private-foundation payout rules, Welter Foundation Inc reported a distributable amount of $782K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education (with emphasis on higher education and university education)
- Health (particularly diabetes and endocrine/nutritional and metabolic diseases)
- Philanthropy and voluntarism
- Human services
- Public safety and disaster management (including child abuse prevention)
- Religion (with emphasis on Christianity)
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$5,000
Average Grant
amount: approximately $60,000
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Geographic Focus
Where this funder awards grants
The foundation funds projects primarily in:
- Indiana
- Michigan
- Florida
- Additional funding in Arizona, Colorado, Illinois, Minnesota, and New York
Geographic focus areas include South Bend, Indianapolis, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2023):
- Total assets: $7,095,057
- Total revenues: $468,127
- Total expenses: $662,254
- Total giving: $562,479
- Giving rate: 7.9% of assets
Revenue Composition (2023):
- Investment income and dividends: $137,678
- Net gain from sale of non-inventory assets: $330,449
Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,125,928 | $7,095,057 | $7,288,784 |
| Revenue | $12,612,494 | $468,127 | $409,452 |
| Expenses | $824,908 | $662,254 | $562,037 |
| Qualifying Distributions | $691,631 | $563,779 | $456,690 |
| Net Investment Income | $6,063,876 | $337,825 | $293,100 |
| Distributable Amount | $782,184 | $583,808 | $564,590 |
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
168 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wellfield Botanical Gardens Inc ($175,000), Charlevoix County Community Foundation ($100,000), Bashor Children's Home ($61,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADEC Bristol, IN | General operating support | $13,000 |
| Bashor Children's Home Goshen, IN | General operating support | $61,000 |
| Beaver Island Rural Health Center Beaver Island, MI | General operating support | $375 |
| Boys and Girls Club of Elkhart County Elkhart, IN | General operating support | $7,925 |
| Brian Parker Memorial Foundation Niles, MI | General operating support | $300 |
| Cancer Resources for Elkhart County Inc Elkhart, IN | General operating support | $1,500 |
| Charlevoix County Community Foundation East Jordan, MI | General operating support | $100,000 |
| Child and Parent Services Inc Elkhart, IN | General operating support | $47,680 |
| Church Community Services Elkhart, IN | General operating support | $785 |
| Community Foundation of Elkhart County Inc Elkhart, IN | General operating support | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Edward P Welter - President and Director
- Jack and Angie Welter - Foundation supporters
- Board of directors serve without compensation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Edward P Welter | President & Director | 0.01 | — |
| Cynthia S Gillard | Secretary & Director | 0.01 | — |
| Jill R Sigsbee | Director | 0.01 | — |
| Jack Welter | Director | 0.01 | — |
| Wilhelmina J Welter | Director | 0.01 | — |
Contact Information
Address: 21027 Riverbrook Ln, Bristol, IN 46507-9417
Telephone: 574-596-2543
EIN: 35-2023590
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Welter Foundation Inc fund?
The foundation's grantmaking priorities include: • Education (with emphasis on higher education and university education) • Health (particularly diabetes and endocrine/nutritional and metabolic diseases) • Philanthropy and voluntarism • Human services • Public safety and disaster management (including child abuse prevention) • Religion (with emphasis on Christianity)
How do I apply for a grant from Welter Foundation Inc?
**Grant Activity:** • Made 35 grants in 2023 totaling $562,479 • Made 33 grants in 2022 totaling $455,000 • Median grant size: $5,000 • Grant range: $1,000 to $128,000 • Average grant amount: approximately $60,000 **Recent Grantees (2023):** • Beacon Health Foundation: $127,500 • Tolson Center for Community Excellence: $100,000 • Wellfield Botanic Gardens: $50,000 • Community Foundation of Elkhart County Inc **Application Policy:** The foundation does not accept unsolicited applications and ope…
Where does Welter Foundation Inc make grants?
The foundation funds projects primarily in: • Indiana • Michigan • Florida • Additional funding in Arizona, Colorado, Illinois, Minnesota, and New York Geographic focus areas include South Bend, Indianapolis, and New York.
What size grants does Welter Foundation Inc award?
In 2024, Welter Foundation Inc awarded 38 grants totaling $691K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Welter Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Welter Foundation Inc reported a distributable amount of $782K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Welter Foundation Inc's EIN?
Welter Foundation Inc's EIN (Employer Identification Number) is 35-2023590. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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