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James & Virginia Welch Foundation is a private corporation based in PARSIPPANY, NJ. The foundation received its IRS ruling in 1997. The principal officer is Mccabe Heidrich & Wong Pc. It holds total assets of $3.2M. Annual income is reported at $384K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Massachusetts, New Jersey and New York. According to available records, James & Virginia Welch Foundation has made 81 grants totaling $472K, with a median grant of $2K. Annual giving has grown from $182K in 2022 to $290K in 2023. Individual grants have ranged from $100 to $50K, with an average award of $6K. The foundation has supported 59 unique organizations. The foundation primarily supports organizations in New Jersey, Massachusetts, New York, which account for 74% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$3K
Largest Grant
$50K
Based on 65 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
James & Virginia Welch Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 81 grants. Its grantmaking reaches organizations primarily in NJ, MA, NY.
James & Virginia Welch Foundation has distributed a total of $472K across 81 grants. The median grant size is $2K, with an average of $6K. Individual grants have ranged from $100 to $50K.
James & Virginia Welch Foundation typically selects its grantees rather than accepting unsolicited proposals.
James & Virginia Welch Foundation is headquartered in PARSIPPANY, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Wong | VICE PRESIDENT | $0 | $0 | N/A |
| Virginia B Welch | PRESIDENT | $0 | $0 | N/A |
| Christine Krentz | SECRETARY AND TREASURER | $0 | $0 | N/A |
Total Giving
$330K
Total Assets
$3.3M
Fair Market Value
$6.2M
Net Worth
$3.3M
Grants Paid
$290K
Contributions
N/A
Net Investment Income
$54K
Distribution Amount
$289K
Total: $3.3M
Total Grants
81
Total Giving
$472K
Average Grant
$6K
Median Grant
$2K
Unique Recipients
59
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Christopher & Dana Reeve FoundationUNRESTRICTED | Short Hills, NJ | $50K | 2023 |
| New Jersey Conservation FoundationUNRESTRICTED | Far Hills, NJ | $25K | 2023 |
| Harvard College FundUNRESTRICTED | Cambridge, MA | $25K | 2023 |
| Museum Of Fine ArtsUNRESTRICTED | Boston, MA | $25K | 2023 |
| Massachusetts General HospitalUNRESTRICTED | Boston, MA | $25K | 2023 |
| Metropolitan Museum Of ArtUNRESTRICTED | New York, NY | $25K | 2023 |
| Lincoln Center For The Performing Arts IncUNRESTRICTED | New York, NY | $15K | 2023 |
| Manchester-Essex Conservation Trust IncUNRESTRICTED | Manchester, MA | $10K | 2023 |
| The Hospital For Special Surgery Fund IncUNRESTRICTED | New York, NY | $10K | 2023 |
| United States Soccer FoundationUNRESTRICTED | Washington, DC | $10K | 2023 |
| Pingry CorporationUNRESTRICTED | Basking Ridge, NJ | $10K | 2023 |
| Vassar CollegeUNRESTRICTED | Poughkeepsie, NY | $10K | 2023 |
| Society Of The Four ArtsUNRESTRICTED | Palm Beach, FL | $10K | 2023 |
| Rockefeller UniversityUNRESTRICTED | New York, NY | $10K | 2023 |
| National Museum Of Wildlife Art Of The United StatesUNRESTRICTED | Jackson, WY | $10K | 2023 |
| Friends Of Harvard Athletics SoccerUNRESTRICTED | Harvard, MA | $5K | 2023 |
| Philharmonic-Symphony Society Of New York IncUNRESTRICTED | New York, NY | $5K | 2023 |
| Cape Ann Museum IncUNRESTRICTED | Gloucester, MA | $3K | 2023 |
| Hooper Fund For Manchester Children IncUNRESTRICTED | Beverly, MA | $3K | 2023 |
| Seeing Eye IncUNRESTRICTED | Morristown, NJ | $2K | 2023 |
| Plaid House IncUNRESTRICTED | Morristown, NJ | $2K | 2023 |
| Paul'S Place IncUNRESTRICTED | Baltimore, MD | $1K | 2023 |
| Trustees Of Columbia UniversityUNRESTRICTED | New York, NY | $15K | 2022 |
| Northeastern UniversityUNRESTRICTED | Boston, MA | $6K | 2022 |
| Community Congregational ChurchUNRESTRICTED | Short Hills, NJ | $5K | 2022 |
| The Salvation ArmyUNRESTRICTED | Union, NJ | $5K | 2022 |
| Summit Medical Group FoundationUNRESTRICTED | New Providence, NJ | $3K | 2022 |
| National Multiple Sclerosis Society New York CityUNRESTRICTED | New York, NY | $2K | 2022 |
| Northeast Hospital CorporationUNRESTRICTED | Beverly, MA | $2K | 2022 |
| Foundation Of The Massachusetts Eye And Ear Infirmary IncUNRESTRICTED | Somerville, MA | $2K | 2022 |
| Judicial Watch IncUNRESTRICTED | Washington, DC | $2K | 2022 |
| Friends Of The Lobkowicz CollectionsUNRESTRICTED | Dover, MA | $2K | 2022 |
| Cure Alzheimer'S FundUNRESTRICTED | Wellesley Hills, MA | $2K | 2022 |
| Overlook Hospital FoundationUNRESTRICTED | Summit, NJ | $2K | 2022 |
| International Tennis Hall Of FameUNRESTRICTED | Newport, RI | $1K | 2022 |
| Harvard Mahoney Neuroscience InstituteUNRESTRICTED | Cambridge, MA | $1K | 2022 |