2023-10-06T08:25:57-05:00 2022-12-31 510267254 BUMPERS & COMPANY 1104 PHILADELPHIA PIKE WILMINGTON DE 198092031 990PF 2022-01-01 516015916 WELFARE FOUNDATION INC WELF 3026838245 100 WEST 10TH STREET 1109 WILMINGTON DE 19801 CHRISTOPHER GRUNDNER PRESIDENT AND CEO 3026838245 2023-10-03 1 CHRISTOPHER GRUNDNER XXX-XX-XXXX 0 DOUGLAS S KOOK CPA P01332907 3027983300 2023-10-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 95923590 X X 1140189 1140189 2516069 7416333 2516069 465712 15750 4121970 3672008 228489 114245 114245 74960 37480 37480 98165 49082 49082 43937 43199 738 20100 6700 13400 396822 395357 1464 47905 38844 9061 6502 0 12200 0 12200 5117 0 5117 76493 0 75462 1010690 684907 318249 4767890 5382890 5778580 684907 5701139 -1656610 2987101 55077 287789 287789 7628151 6565386 6565386 61303 154266 61303 61303 2250000 0 0 11267 139003 139003 15329180 15714527 20214137 127983 127983 127983 1050000 59192505 58125279 67511912 109497 15437 102839 94060 94060 84851268 81115330 95923590 36819 67505 1865000 1280000 659612 193018 2561431 1540523 X 82289837 79574807 82289837 79574807 84851268 81115330 82289837 -1656610 650720 81283947 1709140 79574807 LITIGATION PROCEEDS P 2022-01-01 2022-12-31 6830 6830 6830 PROCEEDS FROM SALE OF LAND P 2022-01-01 2022-12-31 69109 69109 69109 EQUIPMENT P 2022-01-01 2022-12-31 2278 -2278 -2278 GQG PARTNERS EMERGING MARKETS EQUITY FUND GQG K-1 P 2022-01-01 2022-12-31 614656 -614656 -614656 WELLINGTON TRUST COMPANY, NA K-1 P 2022-01-01 2022-12-31 10404 -10404 -10404 CASDIN PRIVATE GROWTH EQUITY FUND, L.P K-1 P 2022-01-01 2022-12-31 32620 32620 32620 ECHO STREET GOODCO SELECT II L.P K-1 P 2022-01-01 2022-12-31 319650 -319650 -319650 KABOUTER INTERNATIONAL OPPORTUNITIES FUND II, LLC K-1 LOSS P 2022-01-01 2022-12-31 189605 -189605 -189605 WILMINGTON TRUST 017432-001 LT SALES P 2022-01-01 2022-12-31 1000680 660511 340169 340169 WILMINGTON TRUST 017432-001 LT CAPITAL GAINS P 2022-01-01 2022-12-31 1000856 1000856 1000856 AKO GLOBAL P 2022-01-01 2022-12-31 1000000 883897 116103 116103 KING STREET P 2022-01-01 2022-12-31 38025 13165 24860 24860 KYLIN OFFSHORE P 2022-01-01 2022-12-31 2126353 2000000 126353 126353 GQG PARTNERS EMERGING MARKETS EQUITY FUND GQG K-1 P 2022-01-01 2022-12-31 348443 348443 348443 WELLINGTON TRUST COMPANY, NA K-1 P 2022-01-01 2022-12-31 58311 58311 58311 ECHO STREET GOODCO SELECT II L.P K-1 P 2022-01-01 2022-12-31 196 31480 -31284 -31284 KABOUTER INTERNATIONAL OPPORTUNITIES FUND II, LLC K-1 LOSS P 2022-01-01 2022-12-31 174618 -174618 -174618 SENATOR LIQUIDATING CLASS P 2022-01-01 2022-12-31 25770 25770 25770 DEFERRED GAIN ON SALE OF LAND P 2022-01-01 2022-12-31 1709140 1709140 1709140 2516069 41521 0 41521 0 41521 113005 0 0 0 113005 X 0 71484 71484 0 0 0 0 0 0 0 0 0 0 0 1 1 DE 1 0 0 0 0 1 WWW.WELFAREFOUNDATIONDE.ORG CHRISTOPHER GRUNDNER 3026838245 100 W 10TH ST STE 1109 WILMINGTON DE 19801 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 ROBERT H BOLLING III 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 WILLIAM L KITCHEL III 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TREASURER/TRUSTEE 1.00 0 0 0 E BRADFORD DUPONT JR 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 CHAIRMAN/TRUSTEE 1.00 0 0 0 LEATRICE D ELLIMAN 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 SECRETARY/TRUSTEE 1.00 0 0 0 AVERY STABLER TRAVIS 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 W LAIRD STABLER 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 VICE PRESIDENT/TRUSTEE 1.00 0 0 0 CHRISTOPHER GRUNDNER 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 PRESIDENT/ASST SECRETARY/T 40.00 228489 47278 2583 MARGARET L LAIRD 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 1.00 0 0 0 R HUNTINGTON BOLLING 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 0.00 0 0 0 D TROWBRIDGE ELLIMAN 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 TRUSTEE 0.00 0 0 0 NONE 0 MONTICELLO ASSOCIATES 127 PUBLIC SQUARE CLEVELAND OH 44114 INVESTMENT ADVICE 175000 WELLINGTON MANAGEMENT COMPANY LLP 280 CONGRESS STREET BOSTON MA 02210 INVESTMENT ADVICE 66371 0 0 102651799 287142 1050000 103988941 0 0 103988941 1559834 102429107 5121455 5121455 41521 41521 5079934 0 5079934 0 5079934 5701139 0 5701139 5079934 1824927 0 0 5701139 1824927 0 0 3876212 0 0 0 0 0 0 0 0 1203722 0 0 0 CHRIS GRUNDNER 100 W 10TH STREET SUITE 1109 WILMINGTON DE 19801 3026838245 SEE WEBSITE FOR THE WELFARE FOUNDATION INC (WWW.WELFAREFOUNDATIONDE.ORG) FOR GRANT SUBMISSION AND INFORMATION NEEDED TO APPLY APRIL 15 AND OCTOBER 15 LIMITED TO DELAWARE AND GREATER WILMINGTON AREA 1 IN 7B FOUNDATION 162 WALNUT RUN RD LANDENBERG PA 19350 NONE PC 1IN7B MOBILE SHOWER-LAUNDRY TRAILER 60000 4 YOUTH PRODUCTIONS INC PO BOX 3932 WILMINGTON DE 19807 NONE PC TECHNOLOGY EQUIPMENT UPGRADE 24500 A BETTER CHANCE FOR OUR CHILDREN INC 1307 PHILADELPHIA PIKE WILMINGTON DE 19809 NONE PC POST PERMANENCY SPECIALIST POSITION 40000 ACADEMIA ANTONIA ALONSO CHARTER SCHOOL 300 N WAKEFIELD DRIVE NEWARK DE 19702 NONE PC AAACS EXPANSION: RESOURCES NEEDED 150000 ARCHMERE ACADEMY 3600 PHILADELPHIA PIKE CLAYMONT DE 19703 NONE PC ENSURING STUDENT SUCCESS POST-PANDEMIC 100000 ASPIRA OF DELAWARE 326 RUTHAR DRIVE NEWARK DE 19711 NONE PC ASPIRA ACADEMY HIGH SCHOOL ROOF PROJECT 150000 BEAU BIDEN FOUNDATION 4601 CONCORD PIKE WILMINGTON DE 19803 NONE PC ADDRESSING TRAUMA & PREVENTING VIOLENCE 18265 BOYS AND GIRLS CLUBS OF DELAWARE 669 S UNION STREET WILMINGTON DE 19805 NONE PC OAK ORCHARD CLUB EXPANSION 150000 BRANDYWINE RED CLAY ALLIANCE 1760 UNIONVILLE-WAWASET ROAD WEST CHESTER PA 19382 NONE PC MERGER OF BRC AND TLC 50000 CHABAD AT UNIVERSITY OF DELAWARE 262 S COLLEGE AVENUE NEWARK DE 19711 NONE PC REBUILDING CHABAD AT UD 80000 CHILDREN'S BEACH HOUSE INC 100 W 10TH STREET SUITE 411 WILMINGTON DE 19801 NONE PC CAPITAL IMPROVEMENT CAMPAIGN 100000 CHILDREN'S CHOICE DELAWARE 211 BENIGNO BLVD BELLMAWR NJ 08031 NONE PC THE KINSHIP NAVIGATION PROGRAM 50000 COMMUNITY VOLUNTEERS IN MEDICINE 300B LAWRENCE DRIVE WEST CHESTER PA 19380 NONE PC VISION/DENTAL IMPROVEMENTS 50000 DELAWARE ARTS ALLIANCE INC 100 WEST 10TH STREET SUITE 4 WILMINGTON DE 19801 NONE PC CREATIVE ECONOMY RECOVERY & GROWTH PLAN 40000 DELAWARE BREAST CANCER COALITION 100 W 10TH STREET SUITE 209 WILMINGTON DE 19801 NONE PC SMART TECHNOLOGY INFRASTRUCTURE PROJECT 20000 DELAWARE CENTER FOR HORTICULTURE 1810 N DUPONT STREET WILMINGTON DE 19806 NONE PC ROOTED IN RESILIENCE: A NEW ERA FOR DCH 80000 DELAWARE COLLEGE OF ART AND DESIGN 600 NORTH MARKET STREET WILMINGTON DE 19801 NONE PC CRITICAL CLASSROOM REPAIRS 40000 DELAWARE PUBLIC MEDIA PO BOX 455 DOVER DE 19903 NONE PC STATION RELOCATION 33000 DETV FOUNDATION INC 2801 LANCASTER AVENUE SUITE I WILMINGTON DE 19805 NONE PC DETV CAPITAL NEEDS PROJECT 50000 ELIZABETH W MURPHEY SCHOOL INC 42 KINGS HIGHWAY EAST DOVER DE 19901 NONE PC WATER SYSTEM IMPROVEMENT 60000 FAMILY PROMISE OF NORTHERN NEW CASTLE COUNTY 2104 ST JAMES CHURCH RD WILMINGTON DE 19808 NONE PC HOSPITALITY EXPANSION PROJECT 200000 FIRST COMMUNITY FOUNDATION FKA EASTSIDE COMMUNITY LEARNING CENTER FOUNDAT 3000 NORTH CLAYMONT STREET WILMINGTON DE 19802 NONE PC CHEMOURS STEM HUB 200000 FIRST STATE SQUASH INC 524 SOUTH WALNUT ST SUITE B WILMINGTON DE 19801 NONE PC THE COURT CAMPAIGN 125000 FOOD BANK OF DELAWARE INC 222 LAKE DRIVE NEWARK DE 19702 NONE PC BUILDING HOPE IN MILFORD-FBD EXPANSION 225000 FOR THE LOVE OF A VETERAN INC 219 YORK STREET SUITE 4 HANOVER PA 17331 NONE PC HELPING HEROES HEAL 50400 FRIENDS OF HOCKESSIN COLORED SCHOOL 107 INC 4266 MILLCREEK RD HOCKESSIN DE 19707 NONE PC HOCKESSIN SCHOOL #107C - CDISE 100000 GAUDENZIA INC 106 WEST MAIN STREET NORRISTOWN PA 19401 NONE PC CLAYMONT CENTER REMODEL FOR PPW 100000 HAGLEY MUSEUM AND LIBRARY PO BOX 3630 298 BUCK ROAD WILMINGTON DE 19807 NONE PC HAGLEY MILLRACE DREDGING 250000 IMMACULATE HEART OF MARY SCHOOL 1000 SHIPLEY ROAD WILMINGTON DE 19803 NONE PC IHM "COOL THE SCHOOL" 50000 IMPACT LIFE 115 ARIELLE DR NEWARK DE 19702 NONE PC THE SANCTUARY AT IMPACT LIFE FARM 75000 INGLESIDE HOMES INC 1005 N FRANKLIN STREET WILMINGTON DE 19806 NONE PC IRA - RISER VALVES 75000 LATIN AMERICAN COMMUNITY CENTER 403 N VAN BUREN STREET WILMINGTON DE 19805 NONE PC LACC EDUCATION EXPANSION PROJECT 250000 LEADING YOUTH THROUGH EMPOWERMENT 1313 NORTH MARKET STREET SUITE 110A WILMINGTON DE 19801 NONE PC COMPUTERS FOR UNDERSERVED STUDENTS 50000 LITTLE SISTERS OF THE POOR 185 SALEM CHURCH ROAD NEWARK DE 19713 NONE PC SHARE THE CARE CAPITAL CAMPAIGN 100000 MAMIE A WARREN SENIOR CENTER INC 1775 WHEATLEYS POND ROAD SMYRNA DE 19977 NONE PC HH2200 PREMIER STATESMAN CONSOLE 16100 MENTAL HEALTH ASSOCIATION IN DELAWARE 100 W 10TH ST SUITE 600 WILMINGTON DE 19801 NONE PC TECHNOLOGY & ACCOUNTING SERVICES UPDATE 5000 MIGHTY WRITERS BOK BUILDING 1901 S NINTH STREET 622 PHILADELPHIA PA 19148 NONE PC MW EL FUTURO KENNETT EXPANSION 30000 MINISTRY OF CARING INC 115 E 14TH STREET WILMINGTON DE 19801 NONE PC VILLA MARIA IN OLD BRANDYWINE VILLAGE 250000 NATIVITY PREPARATORY SCHOOL OF WILMINGTON 1515 LINDEN STREET WILMINGTON DE 19805 NONE PC ROOF REPLACEMENT 60000 NEIGHBORGOOD PARTNERS (FORMERLY NCALL) 363 SAULSBURY RD DOVER DE 19904 NONE PC SAFE, AFFORDABLE HOMES IN CENTRAL DOVER 150000 NERDIT CARES 212 W 9TH ST UNIT 100 WILMINGTON DE 19801 NONE PC NERDIT CARES HQ RELOCATION TO WILMINGTON 100000 POLICE ATHLETIC LEAGUE OF WILMINGTON INC P O BOX 9674 WILMINGTON DE 19809 NONE PC PALW ADVENTURE PARK PROJECT 100000 READ-ALOUD DELAWARE 100 W 10TH ST SUITE 309 WILMINGTON DE 19801 NONE PC LENA START LANGUAGE DEVELOPMENT PROGRAM 30000 READING ASSIST INSTITUTE 100 W 10TH STREET SUITE 910 WILMINGTON DE 19801 NONE PC READING ASSIST PROGRAM GROWTH 100000 RODEL FOUNDATION OF DELAWARE 100 WEST 10TH STREET SUITE 704 WILMINGTON DE 19801 NONE PC READINESS TEAMS FAMILY OUTREACH PROGRAM 50000 SUNDAY BREAKFAST MISSION 110 N POPLAR STREET WILMINGTON DE 19801 NONE PC MISSION NEXT LEVEL 150000 SUPPORTING KIDDS INC 1213 OLD LANCASTER PIKE HOCKESSIN DE 19707 NONE PC CAPACITY BUILDING FOR SUPPORTING KIDDS 60000 SUSSEX COUNTY HABITAT FOR HUMANITY 206 ACADEMY STREET GEORGETOWN DE 19947 NONE PC KIMMEYTOWN REVITALIZATION 150000 SUSSEX MONTESSORI SCHOOL 24960 DAIRY LANE SEAFORD DE 19973 NONE PC SMS FOURTH CLASSROOM BUILDING 200000 THE CHALLENGE PROGRAM 1124 E 7TH STREET WILMINGTON DE 19801 NONE PC CONSTRUCTION TRAINING PROGRAM 22500 THE PETE DU PONT FREEDOM FOUNDATION LLC POST OFFICE BOX 221 MONTCHANIN DE 19710 NONE PC STRATEGIC PLAN FOR E3 EXPANSION 30000 THE RESIDENTIAL ACADEMY 406 FLOWER HALL DRIVE MIDDLETOWN DE 19709 NONE PC RESIDENTIAL ACADEMY VIABILITY RESEARCH 50000 THE SPRINGBOARD COLLABORATIVE 24 WYNDOM CIRCLE HOCKESSIN DE 19707 NONE PC PALLET SHELTER VILLAGE COMMUNITY CENTER 100000 THE TATNALL SCHOOL 1501 BARLEY MILL RD WILMINGTON DE 19807 NONE PC EDERIC LIBRARY & FACADE RENOVATION 75000 TRUE ACCESS CAPITAL 100 WEST 10TH STREET SUITE 300 WILMINGTON DE 19801 NONE PC TECHNOLOGY UPGRADES 38125 URBANPROMISE MINISTRIES WILMINGTON 2401 THATCHER STREET WILMINGTON DE 19802 NONE PC NEIGHBORHOOD ASSET RENAISSANCE PROJECT 150000 WILMINGTON GREEN BOX 112 FRENCH ST WILMINGTON DE 19801 NONE PC WILMINGTON GREEN BOX 40000 YMCA OF DELAWARE 100 W 10TH STREET SUITE 1100 WILMINGTON DE 19801 NONE PC MIDDLETOWN YMCA CAPITAL CAMPAIGN 200000 5352890 BLINDSIGHT DELAWARE ENTERPRISES INC 112 SOUTH FRENCH STREET WILMINGTON DE 19801 NONE PC BLINDSIGHT DELAWARE ENTERPRISES, INC. 30000 DELAWARE TECHNICAL & COMMUNITY COLLEGE PO BOX 897 DOVER DE 19903 NONE PC DTCC CULINARY ARTS KITCHEN EXPANSION 200000 FAME INC 2005 BAYNARD BOULEVARD WILMINGTON DE 19802 NONE PC ALIGNING MEANINGFUL EMPLOYMENT 300000 FREIRE FOUNDATION PO BOX 59028 PHILADELPHIA PA 19102 NONE PC FCSW ATHLETIC FACILITY DEVELOPMENT 150000 KINGSWOOD COMMUNITY CENTER INC 2300 BOWERS STREET WILMINGTON DE 19802 NONE PC NEW KINGSWOOD COMMUNITY CENTER 300000 SAINT MARK'S HIGH SCHOOL 2501 PIKE CREEK ROAD WILMINGTON DE 19808 NONE PC OUTDOOR PAVILION 150000 SOJOURNERS' PLACE INC 2901 NORTHEAST BOULEVARD WILMINGTON DE 19802 NONE PC LIGHT FOR THE JOURNEY 70000 THE NATURE CONSERVANCY 100 W 10TH STREET SUITE 1107 WILMINGTON DE 19801 NONE PC PEMBERTON FOREST: PONDERS TRACT ADDITION 80000 1280000 14 1140189 14 15750 18 2516069 EXCISE TAX REFUND 449962 0 3672008 449962 4121970 11A EXCISE TAX REFUND NOT SUBJECT EXCISE INCOME TAX 0 0 0 0 0 0 0 0 0 0 BUMPERS & COMPANY 12900 4300 8600 MY OFFICE OPS 7200 2400 4800 EDGEWOOD GROWTH FUND 6026187 7607456 VANGUARD ST CORP BOND FUND 2409727 2242063 SPDR S&P 500 7278613 10364618 ECHOSTREET GOODCO SELECT II, L.P AT COST 5000000 4962157 FARALLON EQUITY PARNTERS INTERNATIONAL AT COST 5000000 5781932 MARSHALL WACE EUREKA FUND AT COST 1869561 3767756 THE CHILDRENS INVESTMENT FUND AT COST 5000000 6225500 KING STREET FUND AT COST 113007 256669 ABDIEL QUALIFIED OFFSHORE FUND AT COST 2500000 5582218 GQG PARTNERS EMERGING MARKETS AT COST 4169894 4867075 WELLINGT SELECT LEADERS AT COST 3606224 5206762 AKO GLOBAL LONG ONLY FUN AT COST 4116103 5634925 VANGUARD MID CAP AT COST 6575046 7418878 WHALE ROCK FLAGSHIP FUND AT COST 3000000 2025889 WELLINGTON INTERNATIONAL QUALITY GROWTH AT COST 5145912 5359580 RA CAPITAL HEALTHCARE INTERNATIONAL QUALITY AT COST 4000000 3331775 CASDIN PRIVATE GROWTH EQUITY FUND II AT COST 2000000 1587357 SOUND POINT DISTRESSED LOAN OPP FUND AT COST 2172348 1968853 SENATOR LIQUIDATING CLASS FUND AT COST 54127 72702 STEPSTONE VC SECONDARIES FUND AT COST 590920 637136 TIGER GLOBAL PRIVATE INVESTMENT AT COST 1031250 843400 CASDIN PRIVATE GROWTH EQUITY FUND II AT COST 750000 658221 REDWOOD ENHANCED INCOME CORP AT COST 1210521 1102761 LIQUIDATING FUNDS:KABOUTER AUDIT HOLDBACK AT COST 220366 220366 LEGAL FEES 43937 43199 738 DEFERRED GAIN ON SALE OF LAND 1709140 CELLULAR TELEPHONE 4675 0 4675 INSURANCE EXPENSE 23425 0 23425 COMPUTER CONSULTANTS 586 0 586 BANK FEES 3927 0 3927 OFFICE SUPPLIES 1031 0 0 DUES AND SUBSCRIPTIONS 42849 0 42849 OTHER PORTFOLIO INCOME 15750 15750 15750 EXCISE TAX REFUND 449962 449962 K-1 INCOME/LOSS ON TAX RETURN NOT ON BOOKS - NET 650720 DEFERRED EXCISE TAXES PAYABLE 659612 193018 MONTICELLO ASSOCIATES 175000 175000 0 WILMINGTON TRUST CO - CUSTODY FEES 66371 66371 0 PAYCHEX 2929 1464 1464 0 0 0 REAL ESTATE EXPENSES 15313 15313 0 GQG PARTNERS 45682 45682 0 WELLINGTON 897 897 0 CASDIN 26618 26618 0 CASDIN 2 13901 13901 0 ECHO STREET GOODCO 37837 37837 0 KABOUTER 12215 12215 0 TIGER GLOBAL 59 59 0 REAL ESTATE TAXES 2561 2561 0 PAYROLL TAXES 18122 9061 9061 FOREIGN TAXES PAID ON DIVIDENDS 27222 27222 0