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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. Total assets have grown from $168K in 2022 to $1.3M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2022 to 2023. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 | N/A |
| Owen Wassmer | DIRECTOR | $0 | $0 | N/A |
| Zachary Wassmer | DIRECTOR | $0 | $0 | N/A |
| Andrea Wassmer | PRESIDENT, DIRECTOR | $0 | $0 | N/A |
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
of 2023 grantees were first-time recipients
| 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 |