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Michael Wassmer Foundation is a private corporation based in HENRICO, VA. The foundation received its IRS ruling in 2023. It holds total assets of $1.6M. Annual income is reported at $2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Michael Wassmer Foundation has made 4 grants totaling $28K, with a median grant of $8K. Individual grants have ranged from $5K to $8K, with an average award of $7K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Michael Wassmer Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in VA.
Michael Wassmer Foundation has distributed a total of $28K across 4 grants. The median grant size is $8K, with an average of $7K. Individual grants have ranged from $5K to $8K.
The application deadline is 2024 RECIPIENTS HAVE BEEN SELECTED. 2025 SCHOLARSHIP APPLICATIONS WILL OPEN ON DECEMBER 15, 2024.. TO BE ELIGIBLE FOR A MICHAEL WASSMER FOUNDATION SCHOLARSHIP, APPLICANTS MUST: 1) RESIDE IN THE CITY OF RICHMOND OR ANY OF THE FOLLOWING COUNTIES: CHESTERFIELD, HANOVER, HENRICO; 2) BE GRADUATING FROM HIGH SCHOOL IN THE SPRING OF 2024; 3) HAVE A CUMULATIVE GPA OF AT LEAST 3.5; 4) HAVE COMPLETED THE FAFSA OR VASA FOR THE UPCOMING SCHOOL YEAR AND HAVE DEMONSTRATED FINANCIAL NEED; 5) INTEND TO ENROLL FULL TIME IN AN ACCREDITED FOUR-YEAR U.S. COLLEGE BEGINNING IN FALL OF 2024. NOTE: ABOVE DATES APPLY TO 2024 APPLICANTS AND SCHOLARSHIPS. 2023 WAS THE FIRST YEAR THE FOUNDATION ISSUED SCHOLARSHIPS (NO 2022 ACTIVITY).
Michael Wassmer Foundation is headquartered in HENRICO, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Claudia Rinaldi | SECRETARY, DIRECTOR | $0 | $0 | $0 |
| Owen Wassmer | DIRECTOR | $0 | $0 | $0 |
| Zachary Wassmer | DIRECTOR | $0 | $0 | $0 |
| Andrea Wassmer | PRESIDENT, DIRECTOR | $0 | $0 | $0 |
Total Giving
$53K
Total Assets
$1.3M
Fair Market Value
$1.4M
Net Worth
$1.3M
Grants Paid
$28K
Contributions
$1.1M
Net Investment Income
$186K
Distribution Amount
$36K
Total: $1.2M
Total Grants
4
Total Giving
$28K
Average Grant
$7K
Median Grant
$8K
Unique Recipients
4
Most Common Grant
$8K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Colby Taylor2023 SCHOLARSHIP | Glen Allen, VA | $8K | 2023 |
| Laura Quinonez2023 SCHOLARSHIP | Henrico, VA | $8K | 2023 |
| Sutton Marks2023 SCHOLARSHIP | Montpelier, VA | $8K | 2023 |
| Vyvy Mai2023 SCHOLARSHIP | Henrico, VA | $5K | 2023 |
Other foundations that have funded Michael Wassmer Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Hjc Family Foundation | $5K | 2023 | OPERATIONAL SUPPORT |
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