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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 is governed by 4 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 2021 to 2023. 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.
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.
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 | N/A |
| Barbara Fortunato | TRUSTEE | $0 | $0 | N/A |
| Thomas Fortunato | TRUSTEE | $0 | $0 | N/A |
| Craig Slack Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$358K
Total Assets
$5.5M
Fair Market Value
$5.6M
Net Worth
$5.5M
Grants Paid
$307K
Contributions
N/A
Net Investment Income
$241K
Distribution Amount
$275K
Total: N/A
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 |
| Johnstown Christian SchoolSCHOLARSHIPS | Holsopple, PA | $20K | 2023 |
| Bishop Mccort HsGRANT | Johnstown, PA | $20K | 2023 |
| Serra Catholic HcGRANT | Mckeesport, PA | $20K | 2023 |
| Backpack ProjectDONATION | 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 |
| Catholic CharitiesGRANT | 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 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA