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Welfare Foundation, Inc.

Profile

Last Updated: 2016-06-06

At A Glance

Welfare Foundation, Inc.

100 W. 10th St., Ste. 1109

Wilmington, DE United States 19801-1653

Telephone: (302) 654-2477

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $114,908,824

Total giving: $4,907,671

EIN

516015916

BRIDGE Number

1683448440

Background

Incorporated in 1930 in DE - Founded by the late Pierre S. du Pont. As a member of the du Pont family dynasty, he was President of the E. I. du Pont de Nemours and Company from 1915 to 1919, serving on its Board of Directors until 1940 and implementing many modern management policies. He also served as Chairman and President of General Motors, which he left as the largest company in the world at the time of his retirement.

Purpose and Activities

Emphasis on education, hospitals, and social service agencies.

Fields of Interest

Subjects
  • Arts and culture
  • Education
  • Environment
  • Hospital care
  • Human services
  • Humanities
  • Public administration
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $114,908,824 (market value)

Expenditures: $6,120,831

Total giving: $4,907,671

Qualifying distributions: $5,212,448

Giving activities include:

$4,907,671 for 70 grants (high: $300,000; low: $1,000)