Robert A Welch Foundation 062491
- Assets
- $0.0
- Revenue
- $61.4m
- Investments
- $584.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1991
- Data as of
- 08/2021
- EIN
- 76-0343128
Organization Overview
Robert A Welch Foundation 062491 is located in Houston, TX. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert A Welch Foundation 062491 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 08/2021, Robert A Welch Foundation 062491 generated $61.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $34.5m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert A Welch Foundation 062491 has awarded 374 individual grants totaling $298,590,058. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROBERT A. WELCH FOUNDATION AWARD IN CHEMISTRY. THE PURPOSE OF THE ROBERT A. WELCH AWARD IN CHEMISTRY IS TO FOSTER AND ENCOURAGE BASIC CHEMICAL RESEARCH AND TO RECOGNIZE, IN A SUBSTANTIAL MANNER, THE VALUE OF CHEMICAL RESEARCH CONTRIBUTIONS FOR THE BENEFIT OF HUMANKIND AS SET FORTH IN THE WILL OF ROBERT ALONZO WELCH. THE FOUNDER WAS INTERESTED IN CHEMISTRY AND IN ITS SERVICE TO BOTH THE BETTERMENT AND THE UNDERSTANDING OF HUMAN LIFE. WE ALSO BELIEVE THIS AWARD PLAYS AN IMPORTANT ROLE IN AIDING AND STRENGTHENING THE OTHER PROGRAMS OF THE FOUNDATION. IN ACCORDANCE WITH THESE PRINCIPLES, THE AWARD COMMITTEE WILL CONSIDER ANY PERSON WHO HAS MADE IMPORTANT CHEMICAL RESEARCH CONTRIBUTIONS THAT HAVE HAD A SIGNIFICANT, POSITIVE INFLUENCE ON HUMANKIND. WE INTEND THAT THE AWARD RECOGNIZES THE CONTRIBUTIONS OF AN INDIVIDUAL WHO HAS NOT PREVIOUSLY BEEN RECOGNIZED IN A SIMILAR MANNER.
THE WELCH FOUNDATION HOSTS A CONFERENCE WHICH DRAWS LEADING SCIENTISTS FROM AROUND THE WORLD TO EXPLORE STATE-OF-THE-ART RESEARCH IN VARIOUS AREAS OF CHEMISTRY. THE FOUNDATION SPONSORS THESE ANNUAL CONFERENCES TO SUPPORT FUNDAMENTAL RESEARCH IN CHEMISTRY. THE TOPIC OF EACH CONFERENCE AND ITS PARTICIPANTS ARE SELECTED BY A MEMBER OF THE SCIENTIFIC ADVISORY BOARD. IT IS THE FOUNDATION'S DESIRE TO PRESENT PROGRAMS WITH CUTTING-EDGE RESEARCH IN A VARIETY OF DIFFERENT AREAS OF CHEMISTRY. THE 2022 ANNUAL ROBERT A. WELCH FOUNDATION CONFERENCE ON CHEMICAL RESEARCH WAS HELD IN PERSON AND VIRTUALLY WITH APPROXIMATELY 550 ATTENDEES.
NORMAN HACKERMAN AWARD IN CHEMICAL RESEARCH. THE WELCH FOUNDATION'S NORMAN HACKERMAN AWARD IN CHEMICAL RESEARCH WAS ESTABLISHED TO RECOGNIZE THE ACCOMPLISHMENTS OF CHEMICAL SCIENTISTS IN TEXAS WHO ARE IN THEIR EARLY CAREERS AND TO SERVE AS AN ENCOURAGEMENT TO THOSE WHO ARE EMBARKING ON CAREERS DEDICATED TO INCREASING OUR FUNDAMENTAL UNDERSTANDING OF CHEMISTRY. THE AWARD IS INTENDED FOR THE PERSONAL BENEFIT OF THE RECIPIENT, AND CARRIES NO REQUIREMENT FOR FUTURE SERVICES AS A CONDITION OF RECEIVING IT. THE AWARD IS MADE ON AN ANNUAL BASIS, WHEN WARRANTED, TO A SCIENTIST CONDUCTING CHEMICAL RESEARCH IN TEXAS.
WELCH EXPERIMENTAL (WELCHX) COLLABORATION RETREATS. THIS PROGRAM AIMS TO BRING TOGETHER TEXAS RESEARCHERS TO TOPICALLY FOCUSED CHEMISTRY MEETINGS AND STIMULATE THEM TO IDEATE ON CHALLENGING ISSUES OF OUR TIME. EARLY-TO MID-CAREER TENURED FACULTY WILL BE INVITED TO THIS FULLY IN-PERSON SUMMER MEETING TO STIMULATE COLLABORATIONS THAT FOSTER LASTING CONNECTIONS AMONG THE PARTICIPANTS, THUS INCREASING THE DENSITY OF RESEARCH TIES ACROSS TEXAS AND SPURRING THE GROWTH OF BASIC RESEARCH IN THE CHEMICAL SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 40 | $736,617 | |
Name Not Listed Chief Financial Officer | 40 | $338,807 | |
Name Not Listed Director | 2 | $35,000 | |
Name Not Listed Chair And Director | 4 | $50,000 | |
Name Not Listed Vice Chair And Director | 2 | $35,000 | |
Name Not Listed Secretary And Director | 2 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 8/30/23 | $1,543,526 |
Silchester International Investors | 8/30/23 | $293,521 |
Jo Hambro Capital Management Limited Co Northern Trust Agency C5s | 8/30/23 | $188,459 |
Dancie Perugini Ware Public Relations Inc | 8/30/23 | $167,176 |
Edgbaston Co Northern Trust Agency | 8/30/23 | $118,493 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,705 |
| Dividends & Interest | $3,854,595 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,384,446 |
| Total Revenue | $61,396,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,136,178 |
| Pension plans, employee benefits | $505,819 |
| Depreciation | $2,558 |
| Occupancy | $541,684 |
| Travel, conferences, and meetings | $799 |
| Printing and publications | $33,638 |
| Total operating and administrative expenses | $12,238,697 |
| Contributions, gifts, grants paid | $22,220,786 |
| Total expenses and disbursements | $34,459,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,700 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,415,943 |
| Other assets | $2,406,977 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,654,404 |
Grants Awarded
Over the last fiscal year, Robert A Welch Foundation 062491 has awarded $61,366,167 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE CHRISTIAN UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $125,000 |
ANGELO STATE UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $120,000 |
AUSTIN COLLEGE PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $45,000 |
BAYLOR UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $300,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $1,360,000 |
EAST TEXAS BAPTIST UNIVERSITY PURPOSE: BASIC RESEARCH IN CHEMISTRY AND RELATED FIELDS | $30,000 |