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Wellington Fund is a private trust based in JOHNSTOWN, PA. The foundation received its IRS ruling in 2021. The principal officer is % Joseph Fortunato. It holds total assets of $5.4M. Annual income is reported at $1.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Wellington Fund has made 22 grants totaling $332K, with a median grant of $10K. Annual giving has grown from $25K in 2022 to $307K in 2023. Individual grants have ranged from $500 to $111K, with an average award of $15K. The foundation has supported 15 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
Wellington Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in PA.
Wellington Fund has distributed a total of $332K across 22 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $500 to $111K.
Wellington Fund typically selects its grantees rather than accepting unsolicited proposals.
Wellington Fund is headquartered in JOHNSTOWN, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph Fortunato | TRUSTEE | $0 | $0 | $0 |
| Barbara Fortunato | TRUSTEE | $0 | $0 | $0 |
| Thomas Fortunato | TRUSTEE | $0 | $0 | $0 |
| Craig Slack Jr | TRUSTEE | $0 | $0 | $0 |
Total Giving
$358K
Total Assets
$5.5M
Fair Market Value
$5.6M
Net Worth
$5.5M
Grants Paid
$307K
Contributions
$0
Net Investment Income
$241K
Distribution Amount
$275K
Total: $0
Total Grants
22
Total Giving
$332K
Average Grant
$15K
Median Grant
$10K
Unique Recipients
15
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Foudation For The AllegheGRANT | Johnstown, PA | $111K | 2023 |
| The Learning LampGRANT | Johnstown, PA | $40K | 2023 |
| VciGRANT | Johnstown, PA | $20K | 2023 |
| Serra Catholic HcGRANT | Mckeesport, PA | $20K | 2023 |
| Johnstown Christian SchoolSCHOLARSHIPS | Holsopple, PA | $20K | 2023 |
| Bishop Mccort HsGRANT |
| Johnstown, PA |
| $20K |
| 2023 |
| Catholic CharitiesGRANT | Johnstown, PA | $10K | 2023 |
| Cuddles For KidsGRANT | Johnstown, PA | $10K | 2023 |
| Christian Home Of Johnstown IncGRANT | Johnstown, PA | $10K | 2023 |
| Junior AchievementGRANT | Johnstown, PA | $10K | 2023 |
| Community Arts Center Of CcGRANTS | Johnstown, PA | $10K | 2023 |
| Backpack ProjectDONATION | Johnstown, PA | $10K | 2023 |
| Conemaugh Twp WrestlingGRANT | Davidsville, PA | $4K | 2023 |
| Alleghenies Unlimited Care ProviderDONATION | Johnstown, PA | $2K | 2023 |
| Christ Centered Church CommitteeDONATION | Johnstown, PA | $500 | 2023 |
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