Welltower Charitable Foundation
- Assets
- $17.3k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 81-0981987
Organization Overview
Welltower Charitable Foundation is located in Toledo, OH. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Welltower Charitable Foundation 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 12/2022, Welltower Charitable Foundation generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $448.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Welltower Charitable Foundation has awarded 28 individual grants totaling $564,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Davis Director | 0.5 | $0 | |
Jose V Muro Director | 0.5 | $0 | |
Mary Ellen Pisanelli Secretary/ Director | 0.5 | $0 | |
Melanie Crozier Director | 0.5 | $0 | |
Pam Byrne President/ Director | 0.5 | $0 | |
Tim Mchugh Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,343 |
| Total operating and administrative expenses | $1,943 |
| Contributions, gifts, grants paid | $446,500 |
| Total expenses and disbursements | $448,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,300 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,300 |
| Accounts payable and accrued expenses | $17,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,843 |
Grants Awarded
Over the last fiscal year, Welltower Charitable Foundation has awarded $446,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT DESTINED INC PURPOSE: SPRING 2022 SPONSORSHIP | $25,000 |
UNITED WAY OF GREATER TOLEDO PURPOSE: ANNUAL PLEDGE | $15,000 |
GREATER TOLEDO COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $150,000 |
ALZHEIMERS DISEASE AND RELATED DISORDERS PURPOSE: TOLEDO WALK PREMIER SPONSORSHIP | $5,000 |
GREATER TOLEDO COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $85,000 |
GREATER TOLEDO COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $70,000 |