THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION (EIN 83-6033434)
Tax period: 2012-09-01 to 2013-08-31
Filed: 2014-05-16
IRS object ID: 201441369349100024
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Compensation Explanation
General Explanation Attachment
Investments Corp Stock Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-16T15:12:19-05:00	Timestamp
Tax Period End Date	2013-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MOHATT RINALDO JOHNSON & GODWIN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 603	AddressLine1
City	SHERIDAN	City
State	WY	State
ZIP Code	828010603	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	836033434	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM F WELCH &	BusinessNameLine1
Business Name Line2	LORENE W WELCH FOUNDATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	WILL	NameControl
Phone	3076741770	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX J	AddressLine1
City	SHERIDAN	City
State	WY	State
ZIP Code	82801	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	WILLIAM B EBZERY	Name
Title	CO-TRUSTEE	Title
Phone	3076741770	Phone
Date Signed	2014-05-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	EVERETT J MOHATT	Name
Phone	3076726494	Phone
Date Prepared	2014-05-16	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	3658616	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	4	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	4	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	135290	DividendsRevAndExpnss
Dividends Net Invst Incm	135290	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	13840	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	1385901	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	13840	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	45408	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	45408	OtherIncomeNetInvstIncm
Total Revenue And Expenses	194542	TotalRevenueAndExpenses
Total Net Investment Income	194542	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	15000	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	7500	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	7500	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	6200	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	5200	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	1000	AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss	40657	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	40657	OtherProfFeesNetInvstIncm
Other Expenses Rev And Expnss	931	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	931	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	62788	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	54288	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	8500	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	180500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	180500	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	243288	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	54288	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	189000	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-48746	ExcessOfRevenueOverExpenses
Net Investment Income	140254	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	245028	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	13363	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	13363	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	2462808	InvestmentsCorpStockBOY
Investments Corp Stock EOY	2645727	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	3301583	InvestmentsCorpStockEOYFMV
Other Assets BOY	40975	OtherAssetsBOY
Other Assets EOY	40975	OtherAssetsEOY
Other Assets EOYFMV	343670	OtherAssetsEOYFMV
Total Assets BOY	2748811	TotalAssetsBOY
Total Assets EOY	2700065	TotalAssetsEOY
Total Assets EOYFMV	3658616	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	2748811	RetainedEarningsBOY
Retained Earnings EOY	2700065	RetainedEarningsEOY
Total Net Assets BOY	2748811	TotalNetAssetsBOY
Total Net Assets EOY	2700065	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	2748811	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	2700065	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	2748811	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-48746	ExcessOfRevenueOverExpenses
Subtotal	2700065	Subtotal
Total Net Assets Fund Balances EOY	2700065	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (73 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses	Date AcquiredDateAcquired	Cost Or Other BasisCostOrOtherBasis
COAL	P	2013-03-25	25000	25000	25000
1000-AMERICAN REALTY CAPITAL	P	2013-08-26	13451	83	83	2013-03-05	13368
1000-BANK OF AMERICA CORP PREF	P	2013-05-01	25000	3108	3108	2011-08-22	21892
600-ENERGY TRANSFER PARTNERS	P	2012-10-04	24802	-1932	-1932	2011-12-15	26734
4000-SIRIUS XM RADIO INC	P	2012-12-27	11680	-805	-805	2008-02-26	12485
1000-AMERICAN CAPITAL AGENCY CO	P	2013-05-28	26275	-3945	-3945	2012-02-16	30220
300-ANNALY CAPITAL MGT	P	2012-12-27	4233	-921	-921	2009-11-05	5154
1000-BANK OF AMERICA CORP PREF	P	2013-05-01	25000	-178	-178	2012-04-11	25178
600-EV ENERGY PARTNERS	P	2013-04-30	28020	8993	8993	2010-07-06	19027
1212-SOUTHERN COPPER CORP	P	2013-04-03	43075	6731	6731	2011-11-10	36344
1000-AMERICAN CAPITAL AGENCY CO	P	2013-05-28	26275	-6415	-6415	2012-06-07	32690
1000-ANNALY CAPITAL MGT	P	2012-12-27	14110	-3283	-3283	2010-08-09	17393
500-BOEING, CO	P	2013-01-28	37124	8592	8592	2011-08-11	28532
100-EV ENERGY PARTNERS	P	2013-04-30	4670	1278	1278	2010-08-11	3392
800-SOUTHERN COPPER CORP	P	2013-04-03	28432	-861	-861	2012-12-03	29293
600-AMERICAN CAPITAL AGENCY CO	P	2013-05-28	15765	-3532	-3532	2012-06-20	19297
700-ANNALY CAPITAL MGT	P	2012-12-27	9877	-2629	-2629	2011-08-11	12506
1000-BREITBURN ENERGY PARTNERS	P	2013-08-26	17702	-3635	-3635	2011-04-15	21337
300-EV ENERGY PARTNERS	P	2013-05-03	12150	1974	1974	2010-08-11	10176
1000-STARWOOD PROPERTY TRUST	P	2013-08-26	24759	-3543	-3543	2013-05-09	28302
250-AMERICAN CAPITAL AGENCY CO	P	2013-05-28	6569	-2006	-2006	2012-07-18	8575
1000-ANNALY CAPITAL MGT	P	2013-06-26	12970	-4896	-4896	2011-08-01	17866
800-CLEAN ENERGY FUELS CORP	P	2012-12-27	10024	-1040	-1040	2012-05-22	11064
200-JOHNSON & JOHNSON	P	2013-04-30	17062	9160	9160	1998-10-08	7902
0.021-TORTOISE ENERGY CAPITAL	P	2013-02-21	1			2010-03-22	1
150-AMERICAN CAPITAL AGENCY CO	P	2013-05-30	4021	-1124	-1124	2012-07-18	5145
175-APPLE COMPUTER	P	2013-04-30	76811	34793	34793	2010-08-25	42018
400-CLEAN ENERGY FUELS CORP	P	2012-12-27	5012	-398	-398	2012-06-07	5410
1000-PIONEER SOUTHWEST ENERGY	P	2012-12-27	21459	-3820	-3820	2010-07-09	25279
750-VANGAURD NATURAL RESOURCES	P	2012-12-27	19461	-1995	-1995	2011-01-11	21456
1000-AMERICAN CAPITAL AGENCY CO	P	2013-05-30	26808	-6922	-6922	2012-10-09	33730
125-APPLE COMPUTER	P	2013-05-16	54590	24577	24577	2010-08-25	30013
1000-CONSTELLATION ENERGY	P	2013-06-17	25000	2735	2735	2008-11-10	22265
1000-PIONEER SOUTHWEST ENERGY	P	2012-12-27	21459	-4174	-4174	2010-08-10	25633
250-VANGAURD NATURAL RESOURCES	P	2012-12-27	6487	-1267	-1267	2011-04-11	7754
275-AMERICAN CAPITAL AGENCY CO	P	2013-05-30	7372	-1637	-1637	2012-10-31	9009
25-APPLE COMPUTER	P	2013-05-16	10918	-3635	-3635	2012-05-03	14553
500-CSX CORP	P	2012-12-27	9730	-2884	-2884	2011-07-18	12614
2000-RADIOSHACK CORP	P	2013-07-11	4595	116	116	2013-01-18	4479
900-VOLCANO	P	2012-12-27	21065	3120	3120	2007-10-09	17945
725-AMERICAN CAPITAL AGENCY CO	P	2013-06-11	17632	-6119	-6119	2012-10-31	23751
1000-BANK OF AMERICA 8.625% PREF	P	2013-05-28	25000	3949	3949	2008-11-10	21051
500-CSX CORP	P	2012-12-27	9730	-864	-864	2011-10-19	10594
2000-RARE ELEMENT RES LTD	P	2013-01-30	6205	-10279	-10279	2010-10-14	16484
800-WELLS FARGO CAPITAL XII	P	2013-03-15	20000	-117	-117	2008-03-10	20117
700-AMERICAN CAPITAL AGENCY CO	P	2013-06-11	17024	-4524	-4524	2012-11-07	21548
1000-BANK OF AMERICA 8.625% PREF	P	2013-05-28	25000	2374	2374	2011-08-22	22626
1000-EATON VANCE ENHANCED EQUITY	P	2013-08-26	11750	-316	-316	2013-05-20	12066
1000-REGIONS FING TR III	P	2012-12-03	25000	-1042	-1042	2010-09-15	26042
100-WELLS FARGO CAPITAL XII	P	2013-03-15	25000	456	456	2008-11-10	24544
1000-AMERICAN CAPITAL MORTGAGE	P	2013-05-28	21141	-3350	-3350	2012-07-24	24491
1000-BANK OF AMERICA 8.625% PREF	P	2013-05-28	25000	1996	1996	2011-09-27	23004
2000-EATON VANCE TAX MANAGED	P	2013-08-26	20620	-967	-967	2013-05-20	21587
1000-REGIONS FING TR III	P	2012-12-03	25000	96	96	2010-11-17	24904
600-WESTPORT INNOVATIONS INC.	P	2012-09-26	15615	-10820	-10820	2012-02-22	26435
750-AMERICAN CAPITAL MORTGAGE	P	2013-05-28	15856	-2676	-2676	2012-08-28	18532
1000-BANK OF AMERICA 8.625% PREF	P	2013-05-28	25000	277	277	2011-11-04	24723
2000-EATON VANCE TAX MANAGED	P	2013-08-26	18981	-909	-909	2013-05-20	19890
500-REGIONS FING TR III	P	2012-12-03	12500	924	924	2010-11-19	11576
300-WESTPORT INNOVATIONS INC.	P	2012-09-26	7808	-5169	-5169	2012-03-07	12977
250-AMERICAN CAPITAL MORTGAGE	P	2013-06-11	5021	-1156	-1156	2012-08-28	6177
900-BANK OF AMERICA 8.625% PREF	P	2013-05-28	22500	-190	-190	2012-05-16	22690
800-ENBRIDGE ENERGY PARTNERS	P	2013-03-05	22247	3042	3042	2009-08-03	19205
1000-REGIONS FING TR III	P	2012-12-03	25000	-286	-286	2011-08-11	25286
100-WESTPORT INNOVATIONS INC.	P	2012-09-26	2603	-1542	-1542	2012-03-28	4145
500-AMERICAN CAPITAL MORTGAGE	P	2013-06-11	10042	-2793	-2793	2012-11-02	12835
1000-BANK OF AMERICA CORP PREF	P	2013-05-01	25000	2350	2350	2008-11-10	22650
1200-ENBRIDGE ENERGY PARTNERS	P	2013-03-05	33371	450	450	2010-08-25	32921
4000-SIRIUS XM RADIO INC	P	2012-12-27	11680	2857	2857	2003-12-02	8823
100-AMERICAN CAPITAL MORTGAGE	P	2013-06-11	20084	-5917	-5917	2013-02-14	26001
500-BANK OF AMERICA CORP PREF	P	2013-05-01	12500	114	114	2010-05-26	12386
1000-ENERGY TRANSFER PARTNERS	P	2012-10-04	41337	-2619	-2619	2011-11-08	43956
2000-SIRIUS XM RADIO INC	P	2012-12-27	5840	-6173	-6173	2005-10-19	12013

Field	Value	IRS element (for citing)
Capital Gain Net Income	13840	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	-78088	NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	185914	QualifyingDistributionsYear1
Noncharitable Assets Year1	3723029	NoncharitableAssetsYear1
Distribution Ratio Year1	0.049936	DistributionRatioYear1
Qualifying Distributions Year2	167492	QualifyingDistributionsYear2
Noncharitable Assets Year2	3644186	NoncharitableAssetsYear2
Distribution Ratio Year2	0.045961	DistributionRatioYear2
Qualifying Distributions Year3	61400	QualifyingDistributionsYear3
Noncharitable Assets Year3	2922997	NoncharitableAssetsYear3
Distribution Ratio Year3	0.021006	DistributionRatioYear3
Qualifying Distributions Year4	64450	QualifyingDistributionsYear4
Noncharitable Assets Year4	2598583	NoncharitableAssetsYear4
Distribution Ratio Year4	0.024802	DistributionRatioYear4
Qualifying Distributions Year5	175120	QualifyingDistributionsYear5
Noncharitable Assets Year5	3794515	NoncharitableAssetsYear5
Distribution Ratio Year5	0.046151	DistributionRatioYear5
Total Distribution Ratio	0.187856	TotalDistributionRatio
Average Distribution Ratio	0.037571	AverageDistributionRatio
Net Noncharitable Assets	3708989	NetNoncharitableAssets
Adjusted Noncharitable Assets	139350	AdjustedNoncharitableAssets
One Percent Net Investment Income	1403	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	140753	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	189000	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	1403	InvestmentIncomeExciseTax
Subtotal	1403	Subtotal
Tax Based On Investment Income	1403	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	124	EstTaxPaymentsAndOverpayment
Tax Paid With Extension	2100	TaxPaidWithExtension
Total Credits And Payments	2224	TotalCreditsAndPayments
Form2220 Attached	X	Form2220Attached
Penalty For Underpayment	28	PenaltyForUnderpayment
Overpayment	793	Overpayment
Amount Credited To Next Year	793	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	WY	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CYPRESS CAPITAL MANAGEMENT	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	3076741770	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	312 WHITNEY LANE	AddressLine1
City	SHERIDAN	City
State	WY	State
ZIP Code	82801	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	true	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	true	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
FRANK ROTELLINI
PO BOX J	SHERIDAN	WY	82801	CO-TRUSTEE	2.00	5000	0	0
WILLIAM B EBZERY
PO BOX J	SHERIDAN	WY	82801	CO-TRUSTEE	2.00	5000	0	0
RICHARD M DAVIS JR
PO BOX J	SHERIDAN	WY	82801	CO-TRUSTEE	2.00	5000	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	3182570	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	226800	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	356101	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	3765471	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	3765471	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	56482	CashDeemedCharitable
Net Noncharitable Assets	3708989	NetNoncharitableAssets
Minimum Investment Return	185449	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	185449	MinimumInvestmentReturn
Tax Based On Investment Income	1403	TaxBasedOnInvestmentIncome
Total Tax	1403	TotalTax
Distributable Amount Before Adj	184046	DistributableAmountBeforeAdj
Distributable Amount Before Ded	184046	DistributableAmountBeforeDed
Distributable Amount As Adjusted	184046	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	189000	ExpensesAndContributions
Qualifying Distributions	189000	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	1403	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	187597	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	184046	DistributableAmountAsAdjusted
Undistributed Income Prior Year	63665	UndistributedIncomePriorYear
Qualifying Distributions	189000	QualifyingDistributions
Applied To Year1	63665	AppliedToYear1
Applied To Current Year	125335	AppliedToCurrentYear
Undistributed Income CY	58711	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	WELCH FOUNDATION	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX J	AddressLine1
City	SHERIDAN	City
State	WY	State
ZIP Code	82801	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	3076741770	RecipientPhoneNumber
Form And Info And Materials	WRITTEN REQUEST	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	NONE	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (16 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CENTER FOR A VITAL
COMMUNITY	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$7,500
HOLY NAME CATHOLIC CHURCH
260 E LOUCKS	SHERIDAN	WY	82801	NONE	CHURCH	CHARITABLE	$2,500
SHERIDAN COLLEGE
FOUNDATION	SHERIDAN	WY	82801	NONE	PUBLIC	EDUCATIONAL	$10,000
SHERIDAN COUNTY LIBRARY
FOUNDATION	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$5,000
WYO THEATRE INC
42 N MAIN	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$60,000
WYOMING PUBLIC RADIO
UNIV OF WY	LARAMIE	WY	82801	NONE	PUBLIC	CHARITABLE	$1,000
CHILD DEVELOPMENT CENTER
345 SOUTH LINDEN AVENUE	SHERIDAN	WY	82801	NONE	PUBLIC	EDUCATIONAL	$500
SENIOR CITIZENS COUNCIL
211 SMITH STREET	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$5,000
SHERIDAN HEALTH CENTER
1428 W 5TH STREET	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$1,500
HABITAT FOR HUMANITY
OF EASTERN BIGHORNS	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$3,000
CHILDREN HORSES AND
ADULTS IN PARTNERSHIP	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$1,000
SHERIDAN COUNTY
HISTORICAL SOCIETY	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$1,000
SHERIDAN COUNTY MEMORIAL
HOSPITAL FOUNDATION	SHERIDAN	WY	82801	NONE	PUBLIC	CHARITABLE	$77,500
SHERIDAN COUNTY CHAMBER
OF COMMERCE FOUNDATION	SHERIDAN	WY	82801	NONE	EXEMPT	CHARITABLE	$1,000
DOWNTOWN SHERIDAN
ASSOCIATION	SHERIDAN	WY	82801	NONE	EXEMPT	CHARITABLE	$1,000
FAMILY PLANNING OF THE
BIG HORNS	SHERIDAN	WY	82801	NONE	EXEMPT	CHARITABLE	$3,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	180500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$4	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$135,290	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$13,840	ExclusionAmount

Other Revenue Described OtherRevenueDescribed (16 entries)

DescriptionDescription	Exclusion CodeExclusionCode	ExclusionExclusionAmount	Business CodeBusinessCode	Unrelated Business IncomeUnrelatedBusinessIncomeAmount
PTP DISTRIBUTIONS	14	$45,408
NON-DEDUCTIBLE PTP UBTI LOS	14	$36,005
KINDERMORGAN ENERGY PARTNER			900003	-$4,960
ENTERPRISE PRODUCTS PARTNER			900003	-$3,989
LEGACY RESERVES LP			900003	-$1,604
ENBRIDGE ENERGY PARTNERS LP			900003	-$7,559
ENERGY TRANSFER PARTNERS LP			900003	-$5,208
PIONEER SW ENERGY PARTNERS			900003	$4,692
EV ENERGY PARTNERS LP			900003	-$1,319
LINN ENERGY LLC			900003	-$7,554
VANGUARD NAT RESOURCES LLC			900003	-$2,056
BREITBURN ENERGY PARTNERS L			900003	-$4,643
MARTIN MIDSTREAM PARTNERS L			900003	-$1,032
BUCKEYE PARTNERS LP			900003	-$140
LRR ENERGY LP			900003	-$145
QR ENERGY LP			900003	-$488

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	-$36,005	UnrelatedBusinessIncomeAmount
Exclusion	$230,547	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	194542	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
TAX PREPARATION	$2,000	1000	1000
BOOKKEEPING	$4,200	4200

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

FRANK ROTELLINI
WILLIAM B EBZERY
RICHARD M DAVIS JR

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation

Field	Value	IRS element (for citing)
Identifier	GENERAL ELECTIONS	Identifier
Explanation	YEAR ENDING: AUGUST 31, 2013 83-6033434 WILLIAM F. WELCH & LORENE W. WELCH FOUNDATION P.O. BOX J SHERIDAN, WY 82801 NOL CARRYBACK ELECTION UNDER IRC SECTION 172(B)(3), THE TAXPAYER ELECTS TO RELINQUISH THE ENTIRE CARRYBACK PERIOD WITH RESPECT TO ANY REGULAR TAX AND AMT NET OPERATING LOSS INCURRED DURING THE CURRENT TAX YEAR.	Explanation

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (75 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
800-3D SYSTEMS	25487	41120
500-ADOBE SYSTEMS	23149	22875
5500-ALTRIA GROUP INC.	105181	186340
2000-AMERICAN CAPITAL MORTGAGE
2000-AMERICAN REALTY CAP	27697	26820
700-ANADARKO PETROLEUM CORP	37825	63994
3000-ANNALY CAPITAL MGT
150-APPLE INC	88425	73082
500-BOEING
3000-BREITBURN ENERGY PARTNERS LP	54889	53010
300-BUCKEYE PARTNERS LP	10767	21000
1000-CSX CORP
300-CATERPILLAR INC.	17954	24762
600-CELGENE CORP	26682	83988
1000-CERNER CORP	49380	46060
800-CHEVRON CORP	57621	96344
1200-CLEAN ENERGY PARTNERS LP
2000-COLGATE PALMOLIVE	36690	115540
1000-CONOCOPHILLIPS	61567	66300
1400-ENBRIDGE ENERGY PARTNERS, LP	42014	41748
600-ENERGY TRANSFER PARTNERS	30193	30762
1500-ENTERPRISE PRODS PARTNERS LP	48587	89130
1000-EV ENERGY TRANSFER PARTNERS
1200-EXXON MOBIL	76206	104592
1000-GILEAD SCIENCE	42905	60270
1000-JOHNSON & JOHNSON	39511	86410
1150-KINDER MORGAN ENERGY PARTNERS	75035	93794
1280-KINDER MORGAN INC WTS	2172	6733
837-KINDER MORGAN INC	23889	31747
1500-KODIAK OIL & GAS CORP	15000	14985
2500-LEGACY RESERVES LP	66052	67450
2500-LINN ENERGY LLC	78345	60275
500-LORILLARD	22233	21150
2000-LRR ENERGY	37073	30100
500-MCDONALDS CORP	29210	47180
800-MERCK & CO	23480	37832
750-NIKE INC	39503	47115
1000-OMEGA HEALTHCARE INC	32944	28400
1350-PHILIP MORRIS INTERNATIONAL	40071	112644
1000-PHILIPS 66	58054	57100
2000-PIONEER SOUTHWEST ENERGY
1800-QR ENERGY	34511	29628
600-QUALCOMM INC	38338	39768
1000-QUEST DIAGNOSTICS INC.	32580	58620
2000-RARE ELEMENT RESOURCES LTD	22519	4040
1500-REYNOLDS AMERICAN	53359	71445
1500-SALESFORCE.COM, INC	62608	73695
3000-SEADRILL LTD	104352	138780
10000-SIRUS XM RADIO
1212-SOUTHERN COPPER CORP
700-STARTBUCKS CORP	38560	49364
500-VANGUARD NATURAL RESOURCES	14344	13725
275-VECTOR GROUP LTD	40666	40711
900-VOLCANO CORP
600-WHOLE FOODS MARKETS, INC	26250	31650
1000-WESTPORT INNOVATIONS INC
4000-AMERICAN CAPITAL AGENCY	100299	101040
2000-ARES CAPITAL CORP
3500-BANK OF AMERICA CORP 8.2%
4900-BANK OF AMERICA CORP 8.625%
2000-BARCLAYS BANK PLC 7.75%	48712	50200
1000-CONSTELLATION ENERGY GRP
2000-DUPONT FABROS	50379	49300
2000-NORTHSTAR REALTY FIN	49539	48960
2000-RAIT FINANCIAL TRUST	49631	49839
2000-RAIT INVESTMENT TRUST	51261	48160
3500-REGIONS ASSET MGT
1800-WELLS FARGO CAPITAL MGT
5800-ZIONS BANCORP	144213	144884
1000-EATON VANCE ENHANCED EQ INC	12066	11590
500-ENERGY SEL SECT SPDR FD	29940	40785
1200-HEALTH CARE SEL SECT SPDR FD	56724	59064
1678-TORTOISE ENERGYCAP CORP	40449	54283
2000-ARES CAPITAL CORP	48545	50560
2000-ML PFD CAPITAL TRUST III	50091	50840

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (3 entries)

DescriptionDescription	BOY Book ValueBOYBookValue	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
COINS & BULLION	32251	32251	70160
MINERALS	8724	8724	8724
COAL			264786

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
EXPENSES
BANK CHARGES	97	97
SAFE DEPOSIT BOX	160	160
STORAGE EXPENSE	674	674

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (16 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
PTP DISTRIBUTIONS	45408	45408
NON-DEDUCTIBLE PTP UBTI LOSS	36005
KINDERMORGAN ENERGY PARTNERS	-4960
ENTERPRISE PRODUCTS PARTNERS	-3989
LEGACY RESERVES LP	-1604
ENBRIDGE ENERGY PARTNERS LP	-7559
ENERGY TRANSFER PARTNERS LP	-5208
PIONEER SW ENERGY PARTNERS LP	4692
EV ENERGY PARTNERS LP	-1319
LINN ENERGY LLC	-7554
VANGUARD NAT RESOURCES LLC	-2056
BREITBURN ENERGY PARTNERS LP	-4643
MARTIN MIDSTREAM PARTNERS LP	-1032
BUCKEYE PARTNERS LP	-140
LRR ENERGY LP	-145
QR ENERGY LP	-488

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome
INVESTMENT MGMT. - CYPRESS CAPIT	$33,904	33904
ACCOUNT FEES - MORGAN STANLEY	$6,753	6753

THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (73 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of Business Name BooksInCareOfBusinessName

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Recipient US Address RecipientUSAddress

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (16 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Other Revenue Described OtherRevenueDescribed (16 entries)

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees (2 entries)

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (75 entries)

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (3 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (16 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

Comments