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Jct Foundation is a private corporation based in ROCKFORD, MI. The foundation received its IRS ruling in 1998. The principal officer is P Craig Welch Jr. It holds total assets of $2.1M. Annual income is reported at $856K. Total assets have grown from $524K in 2011 to $1.9M in 2023. The foundation is governed by 6 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 Michigan and Florida. According to available records, Jct Foundation has made 137 grants totaling $2.1M, with a median grant of $10K. Annual giving has grown from $315K in 2020 to $380K in 2023. Grantmaking activity was highest in 2022 with $1M distributed across 66 grants. Individual grants have ranged from $5K to $100K, with an average award of $15K. The foundation has supported 55 unique organizations. The foundation primarily supports organizations in Michigan, Florida, California, which account for 72% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$20K
Largest Grant
$100K
Based on 16 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.
Jct Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 137 grants. Its grantmaking reaches organizations primarily in MI, FL, CA.
Jct Foundation has distributed a total of $2.1M across 137 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $5K to $100K.
Jct Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jct Foundation is headquartered in ROCKFORD, MI. While based in MI, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Power | SECRETARY | $5K | $0 | $5K |
| P Craig Welch Jr | PRES/TREAS/T | $0 | $0 | N/A |
| Mary K Welch | VICE PRESIDE | $0 | $0 | N/A |
| Thomas J Welch | TRUSTEE | $0 | $0 | N/A |
| P Craig Welch Iii | TRUSTEE | $0 | $0 | N/A |
| Julie Welch Horning | TRUSTEE | $0 | $0 | N/A |
Total Giving
$399K
Total Assets
$1.9M
Fair Market Value
$9.5M
Net Worth
$1.9M
Grants Paid
$380K
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$319K
Total: $189K
Total Grants
137
Total Giving
$2.1M
Average Grant
$15K
Median Grant
$10K
Unique Recipients
55
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Potter'S HouseGENERAL CONTRIBUTION | Grand Rapids, MI | $20K | 2023 |
| New Horizons FoundationGENERAL CONTRIBUTION | Colorado Springs, CO | $10K | 2023 |
| Alano ClubGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| Beacon Of HopeGENERAL CONTRIBUTION | Holland, MI | $5K | 2023 |
| Michigan State UnniversityGENERAL CONTRIBUTION | East Lansing, MI | $50K | 2023 |
| That DayGENERAL CONTRIBUTION | Oxnard, CA | $30K | 2023 |
| Layman'S FoundationGENERAL CONTRIBUTION | San Bruno, CA | $15K | 2023 |
| Jubilee Centers InternationalGENERAL CONTRIBUTION | Grand Rapids, MI | $15K | 2023 |
| Safe Haven MinistriesGENERAL CONTRIBUTION | Grand Rapids, MI | $15K | 2023 |
| Sisters HavenGENERAL CONTRIBUTION | Rocky River, OH | $15K | 2023 |
| ElicGENERAL CONTRIBUTION | Fort Collins, CO | $10K | 2023 |
| Evans Scholarship FoundationGENERAL CONTRIBUTION | Glenview, IL | $10K | 2023 |
| Gilda'S Club Of Grand RapidsGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| Guiding Light MissionGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| Investing In KidsGENERAL CONTRIBUTION | St Augustine, FL | $10K | 2023 |
| Young LifeGENERAL CONTRIBUTION | Colorado Springs, CO | $10K | 2023 |
| Mel Trotter MinistriesGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| Leadership InstituteGENERAL CONTRIBUTION | Arlington, VA | $10K | 2023 |
| Our Hope AssociationGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| CruGENERAL CONTRIBUTION | Orlando, FL | $10K | 2023 |
| Northwest Network FoundationGENERAL CONTRIBUTION | Puyallup, WA | $10K | 2023 |
| Robert E Webber InstituteGENERAL CONTRIBUTION | Jacksonville, FL | $10K | 2023 |
| Student Leadership ServicesGENERAL CONTRIBUTION | Waterford, MI | $10K | 2023 |
| The Gregory H MontgomeryGENERAL CONTRIBUTION | Naples, FL | $10K | 2023 |
| University Of Cincinnati FdnGENERAL CONTRIBUTION | Cincinnati, OH | $10K | 2023 |
| Van Andel InstituteGENERAL CONTRIBUTION | Grand Rapids, MI | $10K | 2023 |
| West Michigan Aviation AcademyGENERAL CONTRIBUTION | Grand Rapids, MI | $5K | 2023 |
| Beautiful YouGENERAL CONTRIBUTION | Comstock Park, MI | $5K | 2023 |
| Leadership FoundationGENERAL CONTRIBUTION | Tacamo, WA | $5K | 2023 |
| North Kent ConnectGENERAL CONTRIBUTION | Rockford, MI | $5K | 2023 |
| In The ImageGENERAL CONTRIBUTION | Grand Rapids, MI | $5K | 2023 |
| Action InstituteGENERAL CONTRIBUTION | Grand Rapids, MI | $5K | 2023 |
| Casa Of Kent CountyGENERAL CONTRIBUTION | Grand Rapids, MI | $5K | 2023 |
| Fellowship Church Of EnglewoodGENERAL CONTRIBUTION | Rotunda West, FL | $50K | 2022 |
| Boca Grande Disaster FundGENERAL CONTRIBUTION | Boca Grande, FL | $35K | 2022 |
| Mary Freebed FoundationGENERAL CONTRIBUTION | Grand Rapids, MI | $35K | 2022 |