WELCHWOOD FOUNDATION INC
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WELCHWOOD FOUNDATION, INC. ("THE FOUNDATION") IS PROVIDING WITH THIS RETURN WRITTEN NOTICE OF ITS INTENT TO TERMINATE ON JUNE 30TH, 2021 IN ACCORDANCE WITH IRC SECTION 507(A)(1) AND AN EXECUTED COPY OF THE FOUNDATION'S PLAN OF DISSOLUTION (SEE ATTACHMENT A). ON JUNE 23RD, 2021, THE FOUNDATION MADE AN IRC SECTION 507(B)(2) TRANSFER OF ONE-HALF OF ITS ASSETS TO GROWING TREE FOUNDATION INC (EIN: 46-1533212) AND ONE-HALF OF ITS ASSETS TO HRD-C FOUNDATION, INC (EIN: 45-3591216), BOTH OF WHICH ARE PRIVATE NON-OPERATING FOUNDATIONS. THIS TRANSFER CONSTITUTED A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. REV. RUL. 2002-28 HOLDS THAT IF A PRIVATE FOUNDATION TRANSFERS ALL OF ITS ASSETS UNDER IRC SECTION 507(B)(2) AND CHOOSES TO PROVIDE NOTICE OF INTENT TO TERMINATE, IT IS SUBJECT TO THE IRS SECTION 507(C) TAX; HOWEVER, IF THE PRIVATE FOUNDATION HAS NO ASSETS ON THE DAY IT PROVIDES NOTICE, THE IRC SECTION 507(C) TAX WILL BE ZERO. SINCE THE FOUNDATION IS PROVIDING NOTICE AFTER ALL ASSETS WERE DISTRIBUTED, THE FOUNDATION DOES NOT OWE TERMINATION TAX UNDER SECTION 507(C).
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2017 | $175K | $4.4M | $645K | 18 |
| 2018 | $201K | $4.6M | $99K | 18 |
| 2019 | N/A | $4.5M | $157K | N/A |
| 2020 | $230K | $4.3M | $100K | 17 |
| 2021 | N/A | $0 | $252K | N/A |
Grant Size Distribution
Based on 35 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| MARJORIE W DRACKETT | PRESIDENT | — |
| ANNE D THOMAS | VICE PRESIDENT | — |
| CHARLES M DRACKETT JR | SECRETARY/ TREASURER | — |
Grants Awarded (35 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| CINCINNATI NATURE CENTER | MILFORD, OH | $25,000 | CMD FUND | 2018 |
| NAPLES BOTANICAL SOCIETY | NAPLES, FL | $25,000 | GENERAL SUPPORT | 2018 |
| NAPLES BOTANICAL SOCIETY | NAPLES, FL | $25,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI NATURE CENTER | MILFORD, OH | $25,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI PARKS FOUNDATION | CINCINNATI, OH | $20,000 | GENERAL FUND | 2018 |
| UNITED WAY OF COLLIER COUNTY | NAPLES, FL | $20,000 | GENERAL SUPPORT | 2018 |
| SEVEN HILLS SCHOOL | CINCINNATI, OH | $20,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI PARKS FOUNDATION | CINCINNATI, OH | $20,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI NATURE CENTER | MILFORD, OH | $20,000 | OPERATING FUND | 2018 |
| ST MATTHEW'S HOUSE | NAPLES, FL | $20,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| UNITED WAY OF COLLIER COUNTY | NAPLES, FL | $20,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI NATURE CENTER | MILFORD, OH | $15,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| SEVEN HILLS SCHOOL | CINCINNATI, OH | $15,000 | ANNUAL FUND | 2018 |
| BEREA COLLEGE | BEREA, KY | $13,000 | WOOD BUSINESS SCHOLARSHIP | 2018 |
| BEREA COLLEGE | BEREA, KY | $13,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| ST MATTHEW'S HOUSE | NAPLES, FL | $10,000 | GENERAL FUND | 2018 |
| NEIGHBORHOOD HEALTH CLINIC | CINCINNATI, OH | $10,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CINCINNATI ZOO | CINCINNATI, OH | $10,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| FRIENDS OF CORKSCREW SWAMP SANCTUARY | NAPLES, FL | $10,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| CONSERVANCY OF SOUTHWEST FLORIDA | NAPLES, FL | $10,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| EVERGLADES FOUNDATION | PALMETTO BAY, FL | $10,000 | TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | 2020 |
| AUDUBON'S CORKSCREW SWAMP SANTUARY | NAPLES, FL | $7,500 | GENERAL SUPPORT | 2018 |
| EVERGLADES FOUNDATION | PALMETTO BAY, FL | $7,500 | GENERAL SUPPORT | 2018 |
| CINCINNATI SYMPHONY ORCHESTRA | CINCINNATI, OH | $6,000 | OPERATING FUND | 2018 |
| CINCINNATI MUSEUM CENTER | CINCINNATI, OH | $6,000 | GENERAL SUPPORT | 2018 |