Robert A Welch Foundation 062491
- Assets
- $0.0
- Revenue
- $39.4m
- Investments
- $579.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1991
- Data as of
- 08/2020
- EIN
- 76-0343128
Organization Overview
Robert A Welch Foundation 062491 is located in Houston, TX. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert A Welch Foundation 062491 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2020, Robert A Welch Foundation 062491 generated $39.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $128.7m during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert A Welch Foundation 062491 has awarded 287 individual grants totaling $327,187,502. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROBERT A. WELCH FOUNDATION AWARD IN CHEMISTRY. THE PURPOSE OF THE ROBERT A. WELCH AWARD IN CHEMISTRY IS TO FOSTER AND ENCOURAGE BASIC CHEMICAL RESEARCH AND TO RECOGNIZE, IN A SUBSTANTIAL MANNER, THE VALUE OF CHEMICAL RESEARCH CONTRIBUTIONS FOR THE BENEFIT OF HUMANKIND AS SET FORTH IN THE WILL OF ROBERT ALONZO WELCH. THE FOUNDER WAS INTERESTED IN CHEMISTRY AND IN ITS SERVICE TO BOTH THE BETTERMENT AND THE UNDERSTANDING OF HUMAN LIFE. WE ALSO BELIEVE THIS AWARD PLAYS AN IMPORTANT ROLE IN AIDING AND STRENGTHENING THE OTHER PROGRAMS OF THE FOUNDATION. IN ACCORDANCE WITH THESE PRINCIPLES, THE AWARD COMMITTEE WILL CONSIDER ANY PERSON WHO HAS MADE IMPORTANT CHEMICAL RESEARCH CONTRIBUTIONS THAT HAVE HAD A SIGNIFICANT, POSITIVE INFLUENCE ON HUMANKIND. WE INTEND THAT THE AWARD RECOGNIZES THE CONTRIBUTIONS OF AN INDIVIDUAL WHO HAS NOT PREVIOUSLY BEEN RECOGNIZED IN A SIMILAR MANNER.
NORMAN HACKERMAN AWARD IN CHEMICAL RESEARCH. THE WELCH FOUNDATION'S NORMAN HACKERMAN AWARD IN CHEMICAL RESEARCH WAS ESTABLISHED TO RECOGNIZE THE ACCOMPLISHMENTS OF CHEMICAL SCIENTISTS IN TEXAS WHO ARE IN THEIR EARLY CAREERS AND TO SERVE AS AN ENCOURAGEMENT TO THOSE WHO ARE EMBARKING ON CAREERS DEDICATED TO INCREASING OUR FUNDAMENTAL UNDERSTANDING OF CHEMISTRY. THE AWARD IS INTENDED FOR THE PERSONAL BENEFIT OF THE RECIPIENT, AND CARRIES NO REQUIREMENT FOR FUTURE SERVICES AS A CONDITION OF RECEIVING IT. THE AWARD WILL BE MADE ON AN ANNUAL BASIS, WHEN WARRANTED, TO A SCIENTIST CONDUCTING CHEMICAL RESEARCH IN TEXAS.
THE WELCH FOUNDATION HOSTS A CONFERENCE WHICH DRAWS LEADING SCIENTISTS FROM AROUND THE WORLD TO EXPLORE STATE-OF-THE-ART RESEARCH IN VARIOUS AREAS OF CHEMISTRY. THE FOUNDATION SPONSORS THESE ANNUAL CONFERENCES TO SUPPORT FUNDAMENTAL RESEARCH IN CHEMISTRY. THE TOPIC OF EACH CONFERENCE AND ITS PARTICIPANTS ARE SELECTED BY A MEMBER OF THE SCIENTIFIC ADVISORY BOARD. IT IS THE FOUNDATION'S DESIRE TO PRESENT PROGRAMS WITH CUTTING-EDGE RESEARCH IN A VARIETY OF DIFFERENT AREAS OF CHEMISTRY. THE 64TH ANNUAL ROBERT A. WELCH FOUNDATION CONFERENCE ON CHEMICAL RESEARCH WAS CANCELLED DUE TO COVID-19 AND RESCHEDULED FOR OCTOBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer And Director | 2 | $35,000 | |
Carla Atmar Grant Director | 40 | $132,600 | |
Loan Kieu Assistant Controller | 40 | $112,000 | |
Carolyn Kahlich Senior Accountant | 40 | $111,200 | |
Sherry White Senior Accountant | 40 | $96,000 | |
Colette Bleasdale Executive Assistant | 40 | $76,426 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors | 8/30/21 | $408,864 |
Dancie Perugini Ware Public Relations Inc | 8/30/21 | $162,250 |
Edgbaston Co Northern Trust Agency | 8/30/21 | $205,329 |
Cambridge Associates | 8/30/21 | $1,487,195 |
Jo Hambro Capital Management Limited Co Northern Trust Agency C5s | 8/30/21 | $261,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,962 |
| Dividends & Interest | $3,105,769 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,233,323 |
| Total Revenue | $39,430,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,558,691 |
| Pension plans, employee benefits | $547,205 |
| Depreciation | $2,791 |
| Occupancy | $490,956 |
| Travel, conferences, and meetings | $13,317 |
| Printing and publications | $24,666 |
| Total operating and administrative expenses | $10,392,757 |
| Contributions, gifts, grants paid | $118,289,930 |
| Total expenses and disbursements | $128,682,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,700 |
| Investments—mortgage loans | $0 |
| Investments—other | $286,678,351 |
| Other assets | $2,424,773 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,813,784 |
Grants Awarded
Over the last fiscal year, Robert A Welch Foundation 062491 has awarded $45,058,906 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
RICE UNIVERSITY- WELCH INSTITUTE PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $10,286,156 |
THE UNIVERSITY OF TEXAS AT SOUTHWESTERN MEDICAL CENTER PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $5,572,500 |
THE UNIVERSITY OF TEXAS AT SOUTHWESTERN MEDICAL CENTER PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $3,960,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $3,628,250 |
RICE UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $2,907,500 |
TEXAS A&M UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $2,555,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musk Foundation Austin, TX | $379,579,235 | $6,029,889,623 |
Robert A Welch Foundation 062491 Houston, TX | $0 | $39,430,202 |
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |