Robert A Welch Foundation 062491

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.

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)Compensation
Name Not Listed
President
$736,617
Name Not Listed
Chief Financial Officer
$338,807
Name Not Listed
Director
$35,000
Name Not Listed
Chair And Director
$50,000
Name Not Listed
Vice Chair And Director
$35,000
Name Not Listed
Secretary And Director
$35,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates
$1,543,526
Silchester International Investors
$293,521
Jo Hambro Capital Management Limited Co Northern Trust Agency C5s
$188,459
Dancie Perugini Ware Public Relations Inc
$167,176
Edgbaston Co Northern Trust Agency
$118,493
View All Vendors

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

Grants Awarded

Over the last fiscal year, Robert A Welch Foundation 062491 has awarded $61,366,167 in support to 91 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

Organization NameAssets
Brown Foundation Inc
Houston, TX
$89,635,504
Alice L Walton Foundation
Bentonville, AR
$449,327,995
Builders Initiative
Bentonville, AR
$86,761,797
Fmh Foundation
Midland, TX
$73,532,830
Dan L Duncan Family Foundation
Houston, TX
$23,092,984
Robert A Welch Foundation 062491
Houston, TX
$61,396,407
Jesus Fund
Little Rock, AR
$128,635,887
Harriet And Warren Stephens Family Foundation
Little Rock, AR
$30,950,205
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$26,108,691
Jay Pritzker Foundation
Houston, TX
$9,950,464
William K Warren Foundation
Tulsa, OK
$34,266,089
Inasmuch Foundation
Oklahoma City, OK
$49,887,073
Edward N And Della L Thome Memorial Foundation
Dallas, TX
$5,661,914
The Cullen Foundation
Houston, TX
$18,825,483
Stanley E Fulton Family Foundation
Dallas, TX
$10,824,084
Union General Hospital
Farmerville, LA
$21,653,224
Karakin Foundation
Abilene, TX
$29,695,673
Centerpoint Energy Foundation Inc
Houston, TX
$5,340,538
Fore Kids Foundation Inc
Avondale, LA
$17,405,479
Addy Foundation
Dallas, TX
$6,993,780
Houston In Action
Houston, TX
$12,126,026
Willard And Pat Walker Charitable Foundation Inc
Fayetteville, AR
$11,017,809
Eula Mae And John Baugh Foundation
San Antonio, TX
$16,294,741
Impetus Foundation
San Antonio, TX
$7,635,616
Marshall Legacy Foundation
Metairie, LA
$15,687,056

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