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The Wessel Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2013. The principal officer is % Foundation Source. It holds total assets of $14.2M. Annual income is reported at $2.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Wessel Foundation has made 27 grants totaling $1.9M, with a median grant of $23K. Annual giving has grown from $338K in 2020 to $563K in 2023. Grantmaking activity was highest in 2022 with $1M distributed across 10 grants. Individual grants have ranged from $1K to $325K, with an average award of $72K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Texas and Illinois. Contributions to this foundation are tax-deductible.
The Wessel Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in TX, IL.
The Wessel Foundation has distributed a total of $1.9M across 27 grants. The median grant size is $23K, with an average of $72K. Individual grants have ranged from $1K to $325K.
The Wessel Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Wessel Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer K Haskin | Pres, Dir, Sec | $0 | $0 | $0 |
Total Giving
$623K
Total Assets
$12.4M
Fair Market Value
$17.1M
Net Worth
$12.4M
Grants Paid
$563K
Contributions
$2M
Net Investment Income
$182K
Distribution Amount
$700K
Total: $5.2M
Total Grants
27
Total Giving
$1.9M
Average Grant
$72K
Median Grant
$23K
Unique Recipients
9
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Abilene Christian UniversityGeneral & Unrestricted | Abilene, TX | $325K | 2023 |
| Liberty Educational Ministries IncGeneral & Unrestricted | Argyle, TX | $145K | 2023 |
| Rwanda ChildrenGeneral & Unrestricted | Abilene, TX | $68K | 2023 |
| Faith Christian School IncGeneral & Unrestricted | Grapevine, TX | $23K | 2023 |
| Teachbeyond IncGeneral & Unrestricted | Downers Grove, IL | $2K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Life Restoration IncGeneral & Unrestricted | Grapevine, TX | $2K | 2022 |
| Community Enrichment Center IncGeneral & Unrestricted | Fort Worth, TX | $21K | 2020 |
| Christs Haven For ChildrenGeneral & Unrestricted | Keller, TX | $13K | 2020 |
| Our Fathers Children IncGeneral & Unrestricted | Fort Worth, TX | $10K | 2020 |
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