//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Welfund Inc. is a private corporation based in MERCER ISLAND, WA. The foundation received its IRS ruling in 1964. The principal officer is Mary Anne Keyser. It holds total assets of $978K. Annual income is reported at $116K. Total assets have decreased from $3.1M in 2011 to $1M in 2023. The foundation is governed by 3 officers and trustees. The foundation's only activity is to make charitable contributions from its investment income. Qualifying donees may be engaged in religious, charitable, scientific, literary and educational work. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Washington, Utah and Texas. According to available records, Welfund Inc. has made 22 grants totaling $183K, with a median grant of $5K. The foundation has distributed between $87K and $96K annually from 2022 to 2023. Individual grants have ranged from $500 to $25K, with an average award of $8K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Washington, Oregon, California, which account for 91% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$11K
Largest Grant
$50K
Based on 7 grants from the most recent 990-PF filing.
The foundation's only activity is to make charitable contributions from its investment income. Qualifying donees may be engaged in religious, charitable, scientific, literary and educational work.
The foundation's only activity is to make charitable contributions from its investment income. Qualifying donees may be engaged in religious, charitable, scientific, literary and educational work. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in WA, OR, CA.
Welfund Inc. has distributed a total of $183K across 22 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $500 to $25K.
The application deadline is NONE SPECIFIED. None specified.
Welfund Inc. is headquartered in MERCER ISLAND, WA. While based in WA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary Anne Keyser | VICE PRESIDE | $0 | $0 | N/A |
| Jill Keyser | SECRETARY/TR | $0 | $0 | N/A |
| M Anthony Keyser | PRESIDENT | $0 | $0 | N/A |
Total Giving
$109K
Total Assets
$1M
Fair Market Value
$1.9M
Net Worth
$1M
Grants Paid
$87K
Contributions
N/A
Net Investment Income
$54K
Distribution Amount
$86K
Total: $1M
Total Grants
22
Total Giving
$183K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
18
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Leavenworth Ski Hill Heritage FndFACILITATE WINTER RECREATION | Leavenworth, WA | $22K | 2023 |
| Cascade Medical FoundationPURCHASE MEDICAL EQUIP | Leavenworth, WA | $20K | 2023 |
| Chelan County Fire District 3SUPPORT FIRE PROTECTION SERVICES | Leavenworth, WA | $10K | 2023 |
| Foundation Of North Central WaGENERAL SUPPORT | Wenatchee, WA | $10K | 2023 |
| Urban WorksGENERAL SUPPORT | Seattle, WA | $8K | 2023 |
| Confluence Health FoundationGENERAL SUPPORT | Wenatchee, WA | $5K | 2023 |
| Teen Kid & ClosetGENERAL SUPPORT | Spokane, WA | $5K | 2023 |
| Chimpanzee Sanctuary NorthwestPRESERVE WILDLIFE | Cle Elum, WA | $5K | 2023 |
| Bmw Moa FoundationGENERAL SUPPORT | Greer, SC | $1K | 2023 |
| St Vincent De Paul SchoolGENERAL SUPPORT | Federal Way, WA | $1K | 2023 |
| American Lung AssociationGENERAL SUPPORT | Seattle, WA | $500 | 2023 |
| Big Brothers Puget SoundGENERAL SUPPORT | Seattle, WA | $25K | 2022 |
| Seattle AquariumGENERAL SUPPORT | Seattle, WA | $15K | 2022 |
| St Charles FoundationGENERAL SUPPORT | Bend, OR | $10K | 2022 |
| Urban ArtworksGENERAL SUPPORT | Seattle, WA | $5K | 2022 |
| Wellsprings Women CenterGENERAL SUPPORT | Sacramento, CA | $3K | 2022 |
| Mcminnville School District No 40GENERAL SUPPORT | Mcminnville, OR | $2K | 2022 |
| Mothers Against Drunk DriversGENERAL SUPPORT | Irving, TX | $500 | 2022 |