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Welfare Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 1947. It holds total assets of $106.7M. Annual income is reported at $65.5M. According to available records, Welfare Foundation Inc. has made 188 grants totaling $20.2M, with a median grant of $73K. Annual giving has grown from $4M in 2020 to $5.5M in 2023. Grantmaking activity was highest in 2022 with $10.7M distributed across 116 grants. Individual grants have ranged from $5K to $4M, with an average award of $107K. The foundation has supported 130 unique organizations. The foundation primarily supports organizations in Delaware, Pennsylvania, Virginia, which account for 97% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Welfare Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 188 grants. Its grantmaking reaches organizations primarily in DE, PA, VA.
Welfare Foundation Inc. has distributed a total of $20.2M across 188 grants. The median grant size is $73K, with an average of $107K. Individual grants have ranged from $5K to $4M.
The application deadline is APRIL 15 AND OCTOBER 15. LIMITED TO DELAWARE AND GREATER WILMINGTON AREA.
Welfare Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher Grundner | PRESIDENT/ASST SECRETARY/T | $228K | $54K | $285K |
| William L Kitchel Iii | TREASURER/TRUSTEE | $0 | $0 | $0 |
| E Bradford Dupont Jr | CHAIRMAN/TRUSTEE | $0 | $0 | $0 |
| Leatrice D Elliman | SECRETARY/TRUSTEE | $0 | $0 | $0 |
| Robert H Bolling Iii | TRUSTEE | $0 | $0 | $0 |
Total Giving
$6M
Total Assets
$79M
Fair Market Value
$109.2M
Net Worth
$78.2M
Grants Paid
$4.6M
Contributions
$21K
Net Investment Income
$4.1M
Distribution Amount
$5M
Total: $17.5M
Total Grants
188
Total Giving
$20.2M
Average Grant
$107K
Median Grant
$73K
Unique Recipients
130
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Todmorden FoundationGRANT | Wilmington, DE | $200K | 2023 |
| Zoe Ministries IncGRANT | Greenwood, DE | $100K | 2023 |
| Friendship House IncGRANT | Wilmington, DE | $60K | 2023 |
| Toivoa CoachingGRANT | Newark, DE | $50K | 2023 |
| Brent W Dupont | TRUSTEE | $0 | $0 | $0 |
| D Trowbridge Elliman | TRUSTEE | $0 | $0 | $0 |
| R Huntington Bolling | TRUSTEE | $0 | $0 | $0 |
| Margaret L Laird | TRUSTEE | $0 | $0 | $0 |
| W Laird Stabler | VICE PRESIDENT/TRUSTEE | $0 | $0 | $0 |
| Avery Stabler Travis | TRUSTEE | $0 | $0 | $0 |
| StriveGRANT |
| New York, NY |
| $45K |
| 2023 |
| Fame IncGRANT | Wilmington, DE | $300K | 2023 |
| Delaware State University FoundationGRANT | Dover, DE | $250K | 2023 |
| Delaware Technical & Community CollegeGRANT | Wilmington, DE | $200K | 2023 |
| Be Ready Community Development CorporationGRANT | Wilmington, DE | $200K | 2023 |
| Exceptional Care For Children IncGRANT | Newark, DE | $200K | 2023 |
| Cheer IncGRANT | Georgetown, DE | $150K | 2023 |
| Newark Charter SchoolGRANT | Newark, DE | $150K | 2023 |
| Joshua M Freeman FoundationGRANT | Selbyville, DE | $150K | 2023 |
| Saint Mark'S High SchoolGRANT | Wilmington, DE | $150K | 2023 |
| Freire FoundationGRANT | Philadelphia, PA | $150K | 2023 |
| Limen Recovery WellnessGRANT | Wilmington, DE | $150K | 2023 |
| Survivor Ventures IncGRANT | Norfolk, VA | $100K | 2023 |
| United Way Of DelawareGRANT | Wilmington, DE | $100K | 2023 |
| Delaware Theatre CompanyGRANT | Wilmington, DE | $100K | 2023 |
| Newark Senior CenterGRANT | Newark, DE | $100K | 2023 |
| American Red Cross Delmarva ChapterGRANT | Wilmington, DE | $100K | 2023 |
| Wilmington AllianceGRANT | Wilmington, DE | $100K | 2023 |
| The Rosa Health CenterGRANT | Georgetown, DE | $100K | 2023 |
| The Way HomeGRANT | Georgetown, DE | $100K | 2023 |
| Lutheran Senior Services Of DoverGRANT | Wilmington, DE | $100K | 2023 |
| Delaware Children'S MuseumGRANT | Wilmington, DE | $80K | 2023 |
| What Is Your Voice IncGRANT | Lewes, DE | $80K | 2023 |
| The Nature ConservancyGRANT | Wilmington, DE | $80K | 2023 |
| Calliope Project Inc (Milton Theatre)GRANT | Milton, DE | $80K | 2023 |
| Faithful Friends IncGRANT | New Castle, DE | $75K | 2023 |
| University Drama GroupGRANT | Newark, DE | $75K | 2023 |
| Delaware Historical SocietyGRANT | Wilmington, DE | $75K | 2023 |
| Delaware College ScholarsGRANT | Dover, DE | $75K | 2023 |
| Big Brothersbig Sisters Of De IncGRANT | Newark, DE | $75K | 2023 |
| Arc Of DelawareGRANT | Wilmington, DE | $75K | 2023 |
| Local Journalism InitiativeGRANT | Wilmington, DE | $75K | 2023 |
| Sojourners' PlaceGRANT | Wilmington, DE | $70K | 2023 |
| Kalmar Nyckel FoundationGRANT | Wilmington, DE | $68K | 2023 |
| Arc Of Chester CountyGRANT | West Chester, PA | $62K | 2023 |
| The Music School Of Delaware IncGRANT | Wilmington, DE | $60K | 2023 |
| Opera Delaware IncGRANT | Wilmington, DE | $60K | 2023 |
| Sean Locke 24 FoundationGRANT | Newark, DE | $60K | 2023 |
| Neighborhood House IncGRANT | Wilmington, DE | $50K | 2023 |
| The Everett IncGRANT | Middletown, DE | $50K | 2023 |
| National Interscholastic Cycling AssociationGRANT | Orinda, CA | $50K | 2023 |
| Down Syndrome Association Of DelawareGRANT | Middletown, DE | $48K | 2023 |
| Cancer Support Community DelawareGRANT | Wilmington, DE | $40K | 2023 |
| Do Care Doula FoundationGRANT | Dover, DE | $40K | 2023 |
| Veterans Watchmaker Initiative IncGRANT | Odessa, DE | $40K | 2023 |
| Kencrest ServicesGRANT | Blue Bell, PA | $40K | 2023 |
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