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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. Total assets have grown from $4M in 2012 to $14.2M in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Texas. 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.
Smallest Grant
$3K
Median Grant
$39K
Average Grant
$75K
Largest Grant
$300K
Based on 6 grants from the most recent 990-PF filing.
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.
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 | N/A |
Total Giving
N/A
Total Assets
$14.2M
Fair Market Value
N/A
Net Worth
$14.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
| 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 |