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Filing year 2023

WELFARE FOUNDATION INC

Wilmington, Delaware·EIN 51-6015916·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$4.9M
Total assets
$79M
Total expenses
$6M
Reported officers
11

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President/asst Secretary/t
Board President
Above 90th percentile
$231k
$257k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WELFARE FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$5.5M

Itemized grants

71

Median grant

$62k

RecipientLocationPurposeAmount
FAME INCWILMINGTON, DEGRANT$300k
DELAWARE STATE UNIVERSITY FOUNDATIONDOVER, DEGRANT$250k
BE READY COMMUNITY DEVELOPMENT CORPORATIONWILMINGTON, DEGRANT$200k
DELAWARE TECHNICAL & COMMUNITY COLLEGEWILMINGTON, DEGRANT$200k
EXCEPTIONAL CARE FOR CHILDREN INCNEWARK, DEGRANT$200k
TODMORDEN FOUNDATIONWILMINGTON, DEGRANT$200k
CHEER INCGEORGETOWN, DEGRANT$150k
FREIRE FOUNDATIONPHILADELPHIA, PAGRANT$150k
JOSHUA M FREEMAN FOUNDATIONSELBYVILLE, DEGRANT$150k
LIMEN RECOVERY WELLNESSWILMINGTON, DEGRANT$150k
NEWARK CHARTER SCHOOLNEWARK, DEGRANT$150k
SAINT MARK'S HIGH SCHOOLWILMINGTON, DEGRANT$150k
AMERICAN RED CROSS DELMARVA CHAPTERWILMINGTON, DEGRANT$100k
DELAWARE THEATRE COMPANYWILMINGTON, DEGRANT$100k
LUTHERAN SENIOR SERVICES OF DOVERWILMINGTON, DEGRANT$100k
NEWARK SENIOR CENTERNEWARK, DEGRANT$100k
SURVIVOR VENTURES INCNORFOLK, VAGRANT$100k
THE ROSA HEALTH CENTERGEORGETOWN, DEGRANT$100k
THE WAY HOMEGEORGETOWN, DEGRANT$100k
UNITED WAY OF DELAWAREWILMINGTON, DEGRANT$100k
WILMINGTON ALLIANCEWILMINGTON, DEGRANT$100k
ZOE MINISTRIES INCGREENWOOD, DEGRANT$100k
CALLIOPE PROJECT INC (MILTON THEATRE)MILTON, DEGRANT$80k
DELAWARE CHILDREN'S MUSEUMWILMINGTON, DEGRANT$80k
THE NATURE CONSERVANCYWILMINGTON, DEGRANT$80k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about WELFARE FOUNDATION INC

What does the Board President of WELFARE FOUNDATION INC earn?

In 2023, the Board President of WELFARE FOUNDATION INC received $230,992 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at WELFARE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2023 pay of the Board President at WELFARE FOUNDATION INC falls in the top 10%. In 2023, the highest total compensation at WELFARE FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are WELFARE FOUNDATION INC's revenue and expenses?

In 2023, WELFARE FOUNDATION INC reported $4.9M in total revenue and $6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.