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W O And Ann Powers Foundation Inc. is a private corporation based in FLORENCE, SC. The foundation received its IRS ruling in 1997. The principal officer is W O Powers Chairman. It holds total assets of $3.6M. Annual income is reported at $4M. Total assets have grown from $179K in 2011 to $3.6M in 2023. The foundation is governed by 13 officers and trustees. 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 2023. Grantmaking is concentrated in South Carolina. According to available records, W O And Ann Powers Foundation Inc. has made 6 grants totaling $13.2M, with a median grant of $2.5M. Annual giving has grown from $1.2M in 2020 to $4M in 2023. Grantmaking activity was highest in 2022 with $8M distributed across 2 grants. Individual grants have ranged from $6K to $4M, with an average award of $2.2M. The foundation has supported 3 unique organizations. Grant recipients are concentrated in South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$241K
Average Grant
$416K
Largest Grant
$1M
Based on 3 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.
W O And Ann Powers Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in SC.
W O And Ann Powers Foundation Inc. has distributed a total of $13.2M across 6 grants. The median grant size is $2.5M, with an average of $2.2M. Individual grants have ranged from $6K to $4M.
W O And Ann Powers Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
W O And Ann Powers Foundation Inc. is headquartered in FLORENCE, SC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Libby Cooper | Secretary | $4K | $0 | $4K |
| Frank J Brand Ii | Director | $1K | $0 | $1K |
| John Curl | Director | $1K | $0 | $1K |
| Billy Hoylen | Director | $1K | $0 | $1K |
| William T Jarrell | Director | $1K | $0 | $1K |
| Stewart Jones | Director | $1K | $0 | $1K |
| Grady Moore | Director | $1K | $0 | $1K |
| Blake Pate | Director | $1K | $0 | $1K |
| John T Rabun | Director | $1K | $0 | $1K |
| Porter Stewart | Executive Director | $1K | $0 | $1K |
| Paul Seward | Director | $1K | $0 | $1K |
| W O Powers | Director | $0 | $0 | N/A |
| Ann W Powers | Director | $0 | $0 | N/A |
Total Giving
$4M
Total Assets
$3.6M
Fair Market Value
$2.9M
Net Worth
$3.6M
Grants Paid
$4M
Contributions
$4M
Net Investment Income
$23K
Distribution Amount
$250K
Total Grants
6
Total Giving
$13.2M
Average Grant
$2.2M
Median Grant
$2.5M
Unique Recipients
3
Most Common Grant
$4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Clemson FoundationEDUCATIONAL | Clemson, SC | $4M | 2023 |
| Florence County Airport AuthorityPUBLIC TRANSPORATION | Florence, SC | $241K | 2020 |
| Pleasant Grove Baptist ChurchRELIGIOUS | Lynchburg, SC | $6K | 2020 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC