WILMINGTON, DE

The Well Future Foundation

Quick Facts

EIN: 853976503
Location: WILMINGTON, DE
Phone: (800) 839-1754
Category: General
Total Assets: $415K
Annual Income: $46K
IRS Ruling Year: 2020
Organization Type: Non-Operating Foundation
Principal Officer: % Foundation Source
Tax Deductibility: Contributions are deductible

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About This Foundation

The Well Future Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2020. The principal officer is % Foundation Source. It holds total assets of $415K. Annual income is reported at $46K. According to available records, The Well Future Foundation has made 4 grants totaling $46K, with a median grant of $10K. Annual giving has grown from $20K in 2021 to $26K in 2023. Individual grants have ranged from $500 to $25K, with an average award of $12K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Massachusetts and Maryland and Virginia. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Frequently Asked Questions

What does The Well Future Foundation fund?

The Well Future Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MA, MD, VA.

How much does The Well Future Foundation give in grants?

The Well Future Foundation has distributed a total of $46K across 4 grants. The median grant size is $10K, with an average of $12K. Individual grants have ranged from $500 to $25K.

How do I apply for a grant from The Well Future Foundation?

The Well Future Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is The Well Future Foundation located?

The Well Future Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 3 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Thomas Clifton Rath	Dir, Pres, Sec, Treas	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2021	990PF	View
2020	990PF	View

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$33K

2023+6%

Total Assets

$405K

2023-9%

Fair Market Value

$384K

2023

Net Worth

$405K

2023

Grants Paid

$26K

2023

Contributions

2023

Net Investment Income

$31K

2023

Distribution Amount

$16K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Revenue Sources (2023)

Interest: $73
Capital Gains (Net): $-5,429

Financial Details (2023)

Total Revenue: $-5,356
Total Expenses: $33K
Exempt Purpose Expenses: $33K
Required Distribution: $16K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $425
Tax Due: $125

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$46K

Average Grant

$12K

Median Grant

$10K

Unique Recipients

Most Common Grant

$1K

Grant Disbursements by Year

Grant Range

Min$500

Max$25K

Median: $10K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

MA$45K (2)

MD$500 (1)

VA$500 (1)

Past Grantees

Recipient	Location	Amount	Year
Vhl Alliance IncGeneral & Unrestricted	Boston, MA	$25K	2023
Jewish Camp And Conference Service IncGeneral & Unrestricted	Rockville, MD	$500	2023
Scan Of Northern Virginia IncGeneral & Unrestricted	Alexandria, VA	$500	2023