2025-11-13T08:12:44-06:00 2024-12-31 232415973 HERBEIN COMPANY INC 2200 CONCORD PIKE 300 WILMINGTON DE 19803 990PF 2024-01-01 516015916 WELFARE FOUNDATION INC WELF 3026838245 100 WEST 10TH STREET 1109 WILMINGTON DE 19801 CHRISTOPHER GRUNDNER PRESIDENT AND CEO 3026838245 2025-11-13 1 0 DOUGLAS S KOOK P01332907 3027983300 2025-11-13 2024 2025-03-06 01:10:19Z X 117587512 X X 1973944 1973944 25571598 63392899 25571598 161862 161862 27707404 27707404 237349 118675 118674 77758 38879 38879 97312 48656 48656 15284 14800 484 21800 7266 14534 480924 479323 1601 163474 29388 9798 5824 0 9428 0 9428 6643 0 6643 92063 0 92063 1207859 736987 340760 5774375 4679375 6982234 736987 5020135 20725170 26970417 125094 422196 422196 10374255 5917246 5917246 74664 48949 74664 74664 60407 4343 4343 0 6671320 6362189 17490083 2039627 2039627 127983 127983 127983 1050000 50716366 91400367 101633216 109897 25866 89855 84031 84031 79032992 106741777 117587512 55429 100452 410000 1505000 406889 482527 872318 2087979 X 78160674 104653798 78160674 104653798 79032992 106741777 78160674 20725170 5767954 104653798 0 104653798 EDGEWOOD GROWTH FUND 2020-01-01 2024-12-31 12266719 6026187 6240532 6240532 INVESCO S&P 500 2020-01-01 2024-12-31 5790325 5037407 752918 752918 SPDR S&P 500 2020-01-01 2024-12-31 8233143 3943052 4290091 4290091 WTC OPTIONS 2024-01-01 2024-12-31 994754 994754 994754 US TREASURY BOND 4.625% 2024-01-01 2024-12-31 874750 876688 -1938 -1938 US TREASURY BOND 4.375% 2024-01-01 2024-12-31 590555 628641 -38086 -38086 US TREASURY BOND 4.375% 2024-01-01 2024-12-31 1501640 1516371 -14731 -14731 US TREASURY BOND 4.0% 2024-01-01 2024-12-31 343998 355688 -11690 -11690 AKO GLOBAL LONG ONLY FUND 2020-01-01 2024-12-31 7701479 4116103 3585376 3585376 KING STREET 2020-01-01 2024-12-31 23073 6121 16952 16952 MW EUREKA FUND 2020-01-01 2024-12-31 4191436 1869561 2321875 2321875 RA CAPITAL HEALTHCARE 2020-01-01 2024-12-31 5044842 3636955 1407887 1407887 ABDIEL QUALIFIED OFFSHORE PARTNERS 2020-01-01 2024-12-31 1584042 358910 1225132 1225132 VANGUARD MID-CAP INDEX FUND 2020-01-01 2024-12-31 2503285 2548975 -45690 -45690 VANGUARD SHORT TERM INVEST GR 2020-01-01 2024-12-31 9549260 6773778 2775482 2775482 SOUNDPOINT 2020-01-01 2024-12-31 4907 -4907 -4907 STEPSTONE 2020-01-01 2024-12-31 5764 -5764 -5764 CLASS ACTION PROCEEDS 2020-01-01 2024-12-31 1295 1295 1295 GQG K-1 ST CAPITAL GAINS 2024-01-01 2024-12-31 511081 511081 511081 GQG K-1 LT CAPITAL GAINS 2020-01-01 2024-12-31 1578452 1578452 1578452 WELLINGTON CTF SELECT K-1 ST CAPITAL GAINS 2024-01-01 2024-12-31 9637 9637 9637 WELLINGTON CTF SELECT K-1 LT CAPITAL GAINS 2020-01-01 2024-12-31 44946 44946 44946 CASDIN K-1 LT CAPITAL LOSS 2020-01-01 2024-12-31 95015 -95015 -95015 CASDIN II K-1 ST CAPITAL GAIN 2024-01-01 2024-12-31 3107 3107 3107 CASDIN II K-1 LT CAPITAL GAIN 2020-01-01 2024-12-31 37390 37390 37390 ELLINGTON K-1 ST CAPITAL GAIN 2024-01-01 2024-12-31 2011 2011 2011 ECHO STREET K-1 LT CAPITAL GAIN 2020-01-01 2024-12-31 11679 11679 11679 STRATEGIC US EQUITY K-1 CAPITAL GAIN 2024-01-01 2024-12-31 21178 -21178 -21178 25571598 374889 0 374889 0 374889 417500 0 0 0 417500 X 0 42611 42611 0 0 0 0 0 0 0 0 0 0 0 1 1 DE 1 0 0 0 0 1 WWW.WELFAREFOUNDATIONDE.ORG CHRISTOPHER GRUNDNER 3026838245 100 W 10TH ST STE 1109 WILMINGTON DE 19801 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 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 237349 57836 2688 MARGARET L LAIRD 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 R HUNTINGTON BOLLING 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 D TROWBRIDGE ELLIMAN 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 BRENT W DUPONT 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 NONE 0 STRATEGIC INVESTMENT GROUP 1001 NINETEENTH STREET NORTH 17TH FLOOR ARLINGTON VA 22209 INVESTMENT ADVICE 196100 MONTICELLO ASSOCIATES 127 PUBLIC SQUARE CLEVELAND OH 44114 INVESTMENT ADVICE 100000 0 0 114406579 130277 1050000 115586856 0 0 115586856 1733803 113853053 5692653 5692653 374889 374889 5317764 0 5317764 0 5317764 5020135 0 5020135 5317764 419859 0 0 5020135 419859 0 0 4600276 0 0 0 0 0 0 0 0 717488 0 0 0 CHRIS GRUNDNER 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 3026838245 SEE WEBSITE FOR THE WELFARE FOUNDATION INC (WWW.WELFAREFOUNDATIONDE.ORG) FOR GRANT SUBMISSION AND INFORMATION NEEDED TO APPLY APRIL 15 AND OCTOBER 15 LIMITED TO DELAWARE AND SOUTHERN CHESTER COUNTY, PENNSYLVANIA AMANECER COUNSELING & RESOURCE CENTER 301 N VAN BUREN ST WILMINGTON DE 19805 NONE PC GRANT 35000 AUTISM DELAWARE 924 OLD HARMONY ROAD SUITE 201 NEWARK DE 19713 NONE PC GRANT 59275 BAYHEALTH FOUNDATION 640 S STATE STREET DOVER DE 19901 NONE PC GRANT 100000 CANDLELIGHT THEATRE 2208 MILLERS ROAD WILMINGTON DE 19810 NONE PC GRANT 40000 CATHOLIC CHARITIES 2601 W 4TH STREET WILMINGTON DE 19805 NONE PC GRANT 35000 CENTER FOR THE CREATIVE ARTS 410 SNUFF MILL ROW YORKLYN DE 19736 NONE PC GRANT 30000 CHILDREN & FAMILIES FIRST DELAWARE INC 555 JUSTISON ST WILMINGTON DE 19801 NONE PC GRANT 150000 COMMUNITY LEGAL AID SOCIETY INC 100 W 10TH STREET SUITE 801 WILMINGTON DE 19801 NONE PC GRANT 54000 COMMUNITY RESOURCE CENTER 37510 OYSTER HOUSE ROAD REHOBOTH BEACH DE 19971 NONE PC GRANT 15000 DELAWARE ACADEMY OF VOCAL ARTS (ELEVATE VOCAL ARTS) PO BOX 769 WILMINGTON DE 19899 NONE PC GRANT 15000 DELAWARE ADOLESCENT PROGRAM INC 1621 TELEGRAPH RD WILMINGTON DE 19802 NONE PC GRANT 50000 DELAWARE ALLIANCE FOR NONPROFIT ADVANCEMENT 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 NONE PC GRANT 50000 DELAWARE ART MUSEUM 2301 KENTMERE PARKWAY WILMINGTON DE 19806 NONE PC GRANT 75000 DELAWARE BAT REHABILITATION AND CONSERVATION PO BOX 503 SMYRNA DE 19977 NONE PC GRANT 18000 DELAWARE BLACK CHAMBER OF COMMERCE 1105 NORTH MARKET ST MEZZ 102 WILMINGTON DE 19801 NONE PC GRANT 75000 DELAWARE FUTURES INC 1104 N ADAMS ST WILMINGTON DE 19801 NONE PC GRANT 50000 DELAWARE WILD LANDS INC PO BOX 505 ODESSA DE 19730 NONE PC GRANT 45000 DONATE DELAWARE 540 DENNIS ROAD HOCKESSIN DE 19707 NONE PC GRANT 50000 DUCKS UNLIMITED INC 114 SOUTH WASHINGTON STREET SUITE 201 EASTON MD 21601 NONE PC GRANT 55000 END COMMUNITY VIOLENCE NOW INC 112 S FRENCH ST WILMINGTON DE 19801 NONE PC GRANT 100000 FIRST STATE BALLET THEATRE INC 818 NORTH MARKET STREET LEVEL 3R WILMINGTON DE 19801 NONE PC GRANT 50000 FIRST STATE SQUASH INC 524 SOUTH WALNUT ST SUITE B WILMINGTON DE 19801 NONE PC GRANT 50000 FRIENDS HOME IN KENNETT 147 W STATE STREET KENNETT SQUARE PA 19348 NONE PC GRANT 50000 FRIENDS OF ZOAR 620 MAIN STREET ODESSA DE 19730 NONE PC GRANT 25000 GOOD NEIGHBORS INC 224 EAST STREET ROAD SUITE 2 KENNETT SQUARE PA 19348 NONE PC GRANT 50000 GOOD SAMARITAN SERVICES 104 HIGH STREET PHOENIXVILLE PA 19460 NONE PC GRANT 30000 GRAND OPERA HOUSE 818 N MARKET STREET WILMINGTON DE 19801 NONE PC GRANT 150000 GREEN BERET PROJECT 494 FAWN HAVEN WALK DOVER DE 19901 NONE PC GRANT 75000 HABITAT FOR HUMANITY OF CHESTER COUNTY 1220 VALLEY FORGE ROAD SUITE 16 PHOENIXVILLE PA 19460 NONE PC GRANT 80000 HISTORIC LEWES 110 SHIPCARPENTER ST LEWES DE 19958 NONE PC GRANT 80000 INDEPENDENCE SCHOOL 1300 PAPER MILL ROAD NEWARK DE 19711 NONE PC GRANT 51500 INTERFAITH COMMUNITY HOUSING OF DELAWARE INC 613 NORTH WASHINGTON STREET WILMINGTON DE 19801 NONE PC GRANT 150000 JESTER ARTSPACE 2723 GRUBB RD WILMINGTON DE 19810 NONE PC GRANT 10000 KINGSWOOD COMMUNITY CENTER INC 2300 BOWERS STREET WILMINGTON DE 19802 NONE PC GRANT 300000 KENNETT LIBRARY 320 EAST STATE STREET KENNETT SQUARE PA 19348 NONE PC GRANT 125000 KEYSTONE SERVICE SYSTEMS DBA KEYSTONE HUMAN SERVICES 4391 STURBRIDGE DRIVE HARRISBURG PA 17110 NONE PC GRANT 50000 KIND TO KIDS FOUNDATION 875 AAA BLVD A NEWARK DE 19713 NONE PC GRANT 50000 LATIN AMERICAN COMMUNITY CENTER 403 N VAN BUREN STREET WILMINGTON DE 19805 NONE PC GRANT 113000 LAUREL REDEVELOPMENT CORPORATION PO BOX 333 115 DE AVE LAUREL DE 19956 NONE PC GRANT 100000 LITERACY DELAWARE INC PO BOX 2083 WILMINGTON DE 19899 NONE PC GRANT 25000 LUTHERAN COMMUNITY SERVICES INC 2809 BAYNARD BOULEVARD WILMINGTON DE 19802 NONE PC GRANT 100000 MILFORD HOUSING DEVELOPMENT CORPORATION 977 E MASTEN CIRCLE MILFORD DE 19963 NONE PC GRANT 75000 MORE THAN FITNESS 700A RIVER ROAD WILMINGTON DE 19809 NONE PC GRANT 75000 NEWARK BIKE PROJECT INC 230 EAST MAIN STREET SUITE 323 NEWARK DE 19711 NONE PC GRANT 25000 OPERATION WARM 50 APPLIED BANK BLVD SUITE 204 GLEN MILLS PA 19432 NONE PC GRANT 50000 PETER SPENCER FAMILY LIFE FOUNDATION 812 N FRANKLIN STREET WILMINGTON DE 19806 NONE PC GRANT 50000 PLANNED PARENTHOOD OF DELAWARE INC 625 NORTH SHIPLEY STREET WILMINGTON DE 19801 NONE PC GRANT 75000 PROJECT LIBERTAD 1220 BLACK POWDER DRIVE PHOENIXVILLE PA 19460 NONE PC GRANT 40000 RONALD MCDONALD HOUSE CHARITIES OF GREATER DELAWARE 1901 ROCKLAND RD WILMINGTON DE 19803 NONE PC GRANT 41200 ROOFS FROM THE HEART 101 S MARY ST NEWPORT DE 19804 NONE PC GRANT 50000 SANFORD SCHOOL 6900 LANCASTER PIKE HOCKESSIN DE 19707 NONE PC GRANT 200000 SCIENCE TECHNOLOGY AND RESEARCH INSTITUTE OF DELAWARE (STRIDE) 272 QUIGLEY BOULEVARD NEW CASTLE DE 19720 NONE PC GRANT 45000 SPEAKENGLISH5 SCG INC PO BOX 3505 GREENVILLE DE 19807 NONE PC GRANT 50000 ST MICHAEL'S SCHOOL AND NURSERY INC 700 N WALNUT STREET WILMINGTON DE 19801 NONE PC GRANT 91300 TECH IMPACT 100 W 10TH ST SUITE 915 WILMINGTON DE 19801 NONE PC GRANT 25000 TEENSHARP 1200 N FRENCH STREET WILMINGTON DE 19801 NONE PC GRANT 100000 THE DELAWARE CONTEMPORARY 200 S MADISON ST WILMINGTON DE 19801 NONE PC GRANT 75000 THE VILLAGE TREE INC 1037 W 7TH ST WILMINGTON DE 19805 NONE PC GRANT 50000 THE WARDROBE 444 N 3RD STREET SUITE 105 PHILADELPHIA PA 19123 NONE PC GRANT 10000 TOMARO'S CHANGE 3001 PHILADELPHIA PIKE SUITE 1 CLAYMONT DE 19703 NONE PC GRANT 14500 URSULINE ACADEMY 1106 PENNSYLVANIA AVENUE WILMINGTON DE 19806 NONE PC GRANT 100000 VISION TO LEARN 12100 WILSHIRE BOULEVARD SUITE 1275 LOS ANGELES CA 90025 NONE PC GRANT 25000 WEST END NEIGHBORHOOD HOUSE 710 N LINCOLN ST WILMINGTON DE 19805 NONE PC GRANT 150000 WILMINGTON CHILDREN'S CHORUS 1101 N MARKET ST WILMINGTON DE 19801 NONE PC GRANT 30000 WILMINGTON MONTHLY MEETING OF FRIENDS 401 NORTH WEST STREET WILMINGTON DE 19801 NONE PC GRANT 25000 WILMINGTON YOUTH ROWING ASSOCIATION 500 EAST FRONT ST WILMINGTON DE 19801 NONE PC GRANT 50000 WOODY WILLIAMS FOUNDATION 12123 SHELBYVILLE RD SUITE 100 LOUISVILLE KY 40243 NONE PC GRANT 20000 YMCA OF DELAWARE 100 W 10TH STREET SUITE 1100 WILMINGTON DE 19801 NONE PC GRANT 300000 ST JOHNS COMMUNITY SERVICES 258 CHAPMAN RD SUITE 202 NEWARK DE 19702 NONE PC GRANT 21600 4679375 COMMUNITY EDUCATION BUILDING CORP 12TH AND FRENCH ST 2ND FLOOR WILMINGTON DE 19801 NONE PC GRANT 300000 DELAWARE ZOOLOGICAL SOCIETY INC 1001 NORTH PARK DRIVE WILMINGTON DE 19802 NONE PC GRANT 150000 END COMMUNITY VIOLENCE NOW INC 112 S FRENCH ST WILMINGTON DE 19801 NONE PC GRANT 150000 GREATER LEWES FOUNDATION 221 SECOND ST LEWES DE 19958 NONE PC GRANT 150000 NEW CASTLE LIBRARY FRIENDS 424 DELAWARE STREET NEW CASTLE DE 19720 NONE PC GRANT 25000 NORTH AMERICAN LAND TRUST 100 HICKORY HILL ROAD CHADDS FORD PA 19317 NONE PC GRANT 150000 ONCOR COALITION INC 16 W 4TH STREET NEW CASTLE DE 19720 NONE PC GRANT 75000 PADUA ACADEMY 905 N BROOM STREET WILMINGTON DE 19806 NONE PC GRANT 100000 STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE PA 19311 NONE PC GRANT 100000 THE TEEN WAREHOUSE 1121 THATCHER STREET WILMINGTON DE 19802 NONE PC GRANT 125000 UD HILLEL 47 W DELAWARE AVENUE NEWARK DE 19711 NONE PC GRANT 80000 HUMANE ANIMAL PARTNERS 455 STANTON CHRISTIANA RD NEWARK DE 19713 NONE PC GRANT 50000 SANFORD SCHOOL 6900 LANCASTER PIKE HOCKESSIN DE 19707 NONE PC GRANT 50000 1505000 14 1973944 14 161862 18 25571598 0 27707404 0 27707404 0 0 0 0 0 0 0 0 0 0 BUMPERS & COMPANY 14600 4866 9734 MYOFFICE OPPS 7200 2400 4800 LIQUIDATING FUNDS RA CAPITAL 453888 453888 LIQUIDATING FUNDS ABDIEL HOLDBACK 1584042 1584042 LIQUIDATING FUNDS KING STREET 1697 1697 6671320 6362189 0 0 FARALLON EQUITY PARNTERS INTERNATIONAL AT COST 5000000 8966587 THE CHILDRENS INVESTMENT FUND AT COST 5000000 9230000 KING STREET FUND AT COST 74342 169682 ABDIEL QUALIFIED OFFSHORE FUND AT COST 1662540 4752126 WHALE ROCK FLAGSHIP FUND AT COST 154672 108423 RA CAPITAL HEALTHCARE INTERNATIONAL QUALITY AT COST 363045 846911 CASDIN PRIVATE GROWTH EQUITY FUND II AT COST 2000000 1405077 SOUND POINT DISTRESSED LOAN OPP FUND AT COST 2500000 2081056 STEPSTONE VC SECONDARIES FUND AT COST 1235560 1439236 TIGER GLOBAL PRIVATE INVESTMENT AT COST 1187500 852483 CASDIN PRIVATE GROWTH EQUITY FUND II AT COST 1062500 1070194 REDWOOD ENHANCED INCOME CORP AT COST 2310208 2092339 STRATEGIC US EQUITY TRUST AT COST 33100000 33309157 STRATEGIC DEVELOPED MARKETS AT COST 11250000 10740026 STRATEGIC EMERGING MARKETS AT COST 7400000 6998430 STRATEGIC ALPHA SEG AT COST 15000000 15444274 ELLINGTON STRATEGIC MORTGAGE FUND AT COST 800000 818651 GOLDEN TREE AT COST 850000 854931 STRATEGIC KKR GLOBAL AT COST 450000 453633 SAUL EWING 14316 14316 0 YOUNG CONAWAY STARGATT & TAYLOR 968 484 484 CELLULAR TELEPHONE 4675 0 4675 INSURANCE EXPENSE 23098 0 23098 COMPUTER CONSULTANTS 1014 0 1014 OFFICE SUPPLIES 2655 0 2655 DUES AND SUBSCRIPTIONS 54144 0 54144 BOARD PORTAL FEE 400 0 400 BANK FEES 6077 0 6077 OTHER PORTFOLIO INCOME 161862 161862 161862 K-1 INCOME/LOSS ON TAX RETURN NOT ON BOOKS - NET 5767954 DEFERRED EXCISE TAXES PAYABLE 406889 450738 DERIVATIVE LIABILITY 0 31789 MONTICELLO ASSOCIATES 100000 100000 0 PAYCHEX 3202 1601 1601 ALPHA CAPITAL MANAGEMENT 10962 10962 0 GQG PARTNERS 34176 34176 0 WELLINGTON TRUST COMPANY CTF SELECT LEADERS PORTFOLIO 591 591 0 CASDIN 25801 25801 0 CASDIN 2 19590 19590 0 ECHO STREET GOODCO 5 5 0 TIGER GLOBAL 45 45 0 WELLINGTON TRUST COMPANY INTERNATIONAL QUALITY GROWTH 53377 53377 0 ELLINGTON 3750 3750 0 STRATEGIC INVESTMENT GROUP 196100 196100 0 STRATEGIC US EQUITY 33325 33325 0 REAL ESTATE TAXES 837 837 0 PAYROLL TAXES 19597 9799 9798 FOREIGN TAXES PAID ON DIVIDENDS 18752 18752 0 EXCISE TAXES 124288 0 0