WELFARE FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WELFARE FOUNDATION INC (EIN 51-6015916)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-09
- IRS object ID
- 202123139349101852
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-09T10:53:25-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 510267254 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUMPERS & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1104 PHILADELPHIA PIKE | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198092031 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 516015916 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELFARE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WELF | BusinessNameControlTxt |
| Phone | 3026838245 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WEST 10TH STREET NO 1109 | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTOPHER GRUNDNER | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 3026838245 | PhoneNum |
| Signature | 2021-09-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHRISTOPHER | PersonFirstNm |
| Person Last | GRUNDNER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DOUGLAS S KOOK CPA | PreparerPersonNm |
| PTIN | P01332907 | PTIN |
| Phone | 3027983300 | PhoneNum |
| Preparation | 2021-09-17 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $123,698,074 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $665,535 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $665,535 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,355,025 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,556,936 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $9,355,025 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $67,824 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $67,824 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $10,088,384 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $10,088,384 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $222,072 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $111,036 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $111,036 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $58,357 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $34,178 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $34,178 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $80,883 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $40,441 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $40,715 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,797 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,710 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $20,655 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $6,885 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $14,270 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $275,405 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $274,137 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,268 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $463,003 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $32,188 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $8,471 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $3,028 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $12,200 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $15,250 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $56,243 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $53,974 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,197,643 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $498,865 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $281,872 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,585,892 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,600,892 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,783,535 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $498,865 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,882,764 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,304,849 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,589,519 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,073,663 | CashBOYAmt |
| Cash EOY | $460,570 | CashEOYAmt |
| Cash EOYFMV | $460,570 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,223,013 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $9,920,897 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $9,920,897 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $605,230 | AcctRcvblAmt |
| Acct Rcvbl BOY | $788,950 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $605,230 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $605,230 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $2,250,000 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $7,250,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $2,250,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $2,250,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $56,561 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $49,185 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $49,185 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $28,396,512 | CorporateStockBOYAmt |
| Corporate Stock EOY | $15,647,853 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $26,030,555 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $127,983 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $127,983 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $127,983 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $850,000 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $41,831,675 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $57,984,788 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $83,421,918 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $129,892 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,173 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $9,585 | LandBOYAmt |
| Land EOY | $109,719 | LandEOYAmt |
| Land EOYFMV | $109,719 | LandEOYFMVAmt |
| Total Assets BOY | $86,757,942 | TotalAssetsBOYAmt |
| Total Assets EOY | $87,156,225 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $123,698,074 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $62,563 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $67,308 | AccountsPayableEOYAmt |
| Grants Payable BOY | $1,185,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $1,170,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $221,092 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $568,296 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,468,655 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,805,604 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $85,289,287 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $85,350,621 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $85,289,287 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $85,350,621 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $86,757,942 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $87,156,225 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $85,289,287 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,304,849 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $89,594,136 | SubtotalAmt |
| Other Decreases | $4,243,515 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $85,350,621 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| SEE ATTACHED SCHEDULE - ST GAINS | P | 2020-01-01 | 2020-12-31 | $258,545 | $258,545 | $258,545 |
| SEE ATTACHED SCHEDULE - LT GAINS | P | 2000-01-01 | 2020-12-31 | $5,293,893 | $5,293,893 | $5,293,893 |
| LITIGATION PROCEEDS | P | 2000-01-01 | 2020-12-31 | $4,448 | $4,448 | $4,448 |
| DEFERRED GAIN ON SALE OF LAND | P | 2000-01-01 | 2020-12-31 | $3,798,089 | $3,798,089 | |
| GAIN ON SALE OF ASSETS | P | 2000-01-01 | 2020-12-31 | $50 | $50 | $50 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $9,355,025 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $133,294 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $133,294 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $133,294 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $125,235 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $135,235 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,941 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $1,941 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | CHRISTOPHER GRUNDNER | IndividualWithBooksNm |
| Phone | 3026838245 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 W 10TH ST STE 1109 | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ROBERT H BOLLING III | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| WILLIAM L KITCHEL III | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | TREASURER/TRUSTEE | 1.00 | $0 | $0 | $0 |
| E BRADFORD DUPONT JR | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | CHAIRMAN/TRUSTEE | 1.00 | $0 | $0 | $0 |
| LEATRICE D ELLIMAN | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | SECRETARY/TRUSTEE | 1.00 | $0 | $0 | $0 |
| AVERY STABLER TRAVIS | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| W LAIRD STABLER | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | VICE PRESIDENT/TRUSTEE | 1.00 | $0 | $0 | $0 |
| CHRISTOPHER GRUNDNER | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | PRESIDENT/ASST SECRETARY/T | 40.00 | $222,072 | $45,807 | $3,160 |
| MARGARET L LAIRD | ||||||||
| 100 W 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MONTICELLO ASSOCIATES | |||||
| 127 PUBLIC SQUARE | CLEVELAND | OH | 44114 | INVESTMENT ADVICE | $125,000 |
| WELLINGTON MANAGEMENT COMPANY LLP | |||||
| 280 CONGRESS STREET | BOSTON | MA | 02210 | INVESTMENT ADVICE | $56,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $101,735,945 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $602,706 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $850,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $103,188,651 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $103,188,651 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,547,830 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $101,640,821 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,082,041 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,082,041 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $133,294 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $133,294 | TotalTaxAmt |
| Distributable Before Adj | $4,948,747 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,948,747 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,948,747 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,882,764 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,882,764 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,882,764 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,948,747 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $969,987 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,882,764 | QualifyingDistributionsAmt |
| Applied To Year1 | $969,987 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,912,777 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,035,970 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CHRIS GRUNDNER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 W 10TH STREET SUITE 1109 | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3026838245 | RecipientPhoneNum |
| Form And Info And Materials | SEE WEBSITE FOR THE WELFARE FOUNDATION INC (WWW.WELFAREFOUNDATIONDE.ORG) FOR GRANT SUBMISSION AND INFORMATION NEEDED TO APPLY | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APRIL 15 AND OCTOBER 15 | SubmissionDeadlinesTxt |
| Restrictions On Awards | LIMITED TO DELAWARE AND GREATER WILMINGTON AREA | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WEST 10TH ST | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE EXPLANATION | GrantOrContributionPurposeTxt |
| Amt | $3,985,892 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,985,892 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WEST 10TH ST | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE EXPLANATION | GrantOrContributionPurposeTxt |
| Amt | $1,170,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,170,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $665,535 | ExclusionAmt |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $67,824 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,355,025 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $10,088,384 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,088,384 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BUMPERS & COMPANY | $14,655 | $4,885 | $9,770 |
| PEGGY KISER | $6,000 | $2,000 | $4,500 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| EDGEWOOD GROWTH FUND | $5,130,315 | $12,225,722 |
| VANGUARD ST CORP BOND FUND | $2,315,871 | $2,386,912 |
| SPIDER S&P 500 | $8,201,667 | $11,417,921 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (19 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ECHOSTREET GOODCO SELECT II, L.P | AT COST | $5,000,000 | $5,976,048 |
| FARALLON EQUITY PARNTERS INTERNATIONAL | AT COST | $5,000,000 | $5,774,757 |
| MARSHALL WACE EUREKA FUND | AT COST | $1,869,561 | $3,301,869 |
| THE CHILDRENS INVESTMENT FUND | AT COST | $5,000,000 | $6,107,000 |
| CANYON FUND | AT COST | $3,000,000 | $3,778,151 |
| KING STREET FUND | AT COST | $161,719 | $339,733 |
| KABOUTER INTERNATIONAL | AT COST | $4,500,000 | $5,723,051 |
| ABDIEL QUALIFIED OFFSHORE FUND | AT COST | $2,500,000 | $11,513,232 |
| KYLIN OFFSHORE FUND | AT COST | $2,000,000 | $2,701,904 |
| GQG PARTNERS EMERGING MARKETS | AT COST | $4,500,000 | $6,928,830 |
| WELLINGT SELECT LEADERS | AT COST | $2,542,288 | $3,913,554 |
| AKO GLOBAL LONG ONLY FUN | AT COST | $5,000,000 | $7,065,209 |
| VANGUARD MID CAP | AT COST | $6,357,208 | $7,329,575 |
| WHALE ROCK FLAGSHIP FUND | AT COST | $1,000,000 | $1,800,142 |
| WELLINGTON INTERNATIONAL QUALITY GROWTH | AT COST | $5,021,686 | $6,640,962 |
| RA CAPITAL HEALTHCARE INTERNATIONAL QUALITY | AT COST | $3,000,000 | $2,832,923 |
| CASPIN PRIVATE GROWTH EQUITY FUND | AT COST | $602,632 | $600,447 |
| SOUND POINT DISTRESSED LOAN OPP FUND | AT COST | $749,572 | $916,709 |
| SENATOR LIQUIDATING CLASS FUND | AT COST | $180,122 | $177,822 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| SAUL EWING LLP | $5,797 | $0 | $2,710 |
| $0 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| K-1 INCOME/LOSS ON TAX RETURN NOT ON BOOKS - NET | $445,426 |
| GAIN ON SALE OF LAND INSTALLMENT SALE | $3,798,089 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CELLULAR TELEPHONE | $4,614 | $0 | $4,766 |
| INSURANCE EXPENSE | $23,567 | $0 | $20,431 |
| COMPUTER CONSULTANTS | $1,450 | $0 | $1,450 |
| SEMINARS, TRAVEL, & LODGING | $4,162 | $0 | $4,473 |
| OFFICE SUPPLIES | $899 | $0 | $884 |
| DUES AND SUBSCRIPTIONS | $21,151 | $0 | $21,170 |
| BOARD PORTAL FEE | $400 | $0 | $800 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER PORTFOLIO INCOME | $49,179 | $49,179 | $49,179 |
| FORIEGN TAX REFUNDS | $18,645 | $18,645 | $18,645 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAXES PAYABLE | Desc |
| BOY Book Value | $221,092 | BOYBookValueAmt |
| EOY Book Value | $568,296 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (10 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MONTICELLO ASSOCIATES | $125,000 | $125,000 | $0 |
| WILMINGTON TRUST CO - CUSTODY FEES | $3,670 | $3,670 | $0 |
| FIR TREE INTERNATIONAL VALUE FUND | $677 | $677 | $0 |
| PAYCHEX | $2,536 | $1,268 | $1,268 |
| GQG PARTNERS | $42,795 | $42,795 | $0 |
| KABOUTER INTERNATIONAL OPPORTUNITIES FUND II, LLC | $31,219 | $31,219 | $0 |
| NEWMARK KNIGHT FRANK VALUATION | $0 | $0 | $0 |
| WELLINGTON | $57,427 | $57,427 | $0 |
| ECHO STREET | $11,064 | $11,064 | $0 |
| CASDIN | $1,017 | $1,017 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| REAL ESTATE TAXES | $2,501 | $2,501 | $0 |
| EXCISE TAX | $422,344 | $0 | $0 |
| PAYROLL TAXES | $16,942 | $8,471 | $8,471 |
| FOREIGN TAXES PAID ON DIVIDENDS | $21,216 | $21,216 | $0 |