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Mark M Welter Foundation is a private corporation based in LE SUEUR, MN. The foundation received its IRS ruling in 2019. The principal officer is John M Skubitz. It holds total assets of $6.1M. Annual income is reported at $3.2M. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Mark M Welter Foundation has made 41 grants totaling $1.8M, with a median grant of $20K. The foundation has distributed between $385K and $997K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $997K distributed across 22 grants. Individual grants have ranged from $4K to $250K, with an average award of $45K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in Minnesota and Wisconsin. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$10K
Average Grant
$45K
Largest Grant
$250K
Based on 11 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.
Mark M Welter Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 41 grants. Its grantmaking reaches organizations primarily in MN, WI.
Mark M Welter Foundation has distributed a total of $1.8M across 41 grants. The median grant size is $20K, with an average of $45K. Individual grants have ranged from $4K to $250K.
Mark M Welter Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mark M Welter Foundation is headquartered in LE SUEUR, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Skubitz | OFFICER | $0 | $0 | N/A |
| Peter Schoeppner | OFFICER | $0 | $0 | N/A |
| Chrietina R Welter | OFFICER | $0 | $0 | N/A |
| David Muzic | OFFICER | $0 | $0 | N/A |
Total Giving
$435K
Total Assets
$6.2M
Fair Market Value
$7.9M
Net Worth
$6.2M
Grants Paid
$385K
Contributions
N/A
Net Investment Income
$195K
Distribution Amount
$739K
Total: $5.3M
Total Grants
41
Total Giving
$1.8M
Average Grant
$45K
Median Grant
$20K
Unique Recipients
13
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Various OthersDONATIONS | Le Sueur, MN | $140K | 2023 |
| Lead MnGRANT | West St Paul, MN | $70K | 2023 |
| Central Mn Community FoundationFUNDING | St Cloud, MN | $50K | 2023 |
| Yerkes ObservatoryFUNDING | Williams Bay, WI | $25K | 2023 |
| St Johns UniversitySCOLARSHIPS | Collegeville, MN | $25K | 2023 |
| Best Christmas EverCHARITABLE GIVING | Ely, MN | $20K | 2023 |
| Mankato Loyola SchoolSCHOLARSHIPS | Manakto, MN | $19K | 2023 |
| St Anne SchoolGRANT | Le Sueur, MN | $16K | 2023 |
| Isd 2397SCHOOL FUNDING | Le Sueur, MN | $11K | 2023 |
| Belle Plaine Food ShelfPROVIDE FOOD FOR NEEDY | Belle Plaine, MN | $5K | 2023 |
| Le Sueur Food ShelfPROVIDE FOOD TO NEEDY | Le Sueur, MN | $5K | 2023 |
| Greater Mn Chrisis NurseryDOANTION | Minneapolis, MN | $20K | 2022 |
| Ney CenterNON PROFIT FUNDING | Henderson, MN | $10K | 2022 |