Welfund Inc

Organization Overview

Welfund Inc is located in Mercer Island, WA. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Welfund Inc 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 12/2021, Welfund Inc generated $31.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $102.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Welfund Inc has awarded 35 individual grants totaling $372,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $30,243
Net Rental Income$0
Net Gain on Sale of Assets $1,473
Capital Gain Net Income $1,473
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $31,716

Grants Awarded

Over the last fiscal year, Welfund Inc has awarded $79,500 in support to 7 organizations.

Grant RecipientAmount

CHELAN COUNTY FIRE DISTRICT 3

PURPOSE: SUPPORT FIRE PROTECTION SERVICES

$30,000

LIGHTHOUSE FOR THE BLIND

Org PageRecipient Profile

Seattle, WA

PURPOSE: EMPOWER PEOPLE WHO ARE BLIND

$17,500

WENATCHEE RIVER INSTITUTE

Org PageRecipient Profile

Leavenworth, WA

PURPOSE: EDUCATE PEOPLE ABOUT THE ENVIRONMENT

$10,000

WESTMINSTER COLLEGE

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: KEYSER/HOAGLAND SCHOLARSHIP FUND

$10,000

CHIMPANZEE SANCTUARY NORTHWEST

Org PageRecipient Profile

Cle Elum, WA

PURPOSE: PRESERVE WILDLIFE

$6,000

CASCADE MEDICAL FOUNDATION

Org PageRecipient Profile

Leavenworth, WA

PURPOSE: PURCHASE MEDICAL EQUIP

$5,000
View Grant Profile

Peer Organizations

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