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Wells Family Foundation Inc. is a private corporation based in BROOKLYN PARK, MN. The foundation received its IRS ruling in 1992. The principal officer is John J Knip Iii. It holds total assets of $5.1M. Annual income is reported at $723K. Total assets have grown from $4.2M in 2011 to $5.1M in 2024. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Wells Family Foundation Inc. has made 80 grants totaling $885K, with a median grant of $10K. Annual giving has grown from $285K in 2020 to $600K in 2022. Individual grants have ranged from $5K to $40K, with an average award of $11K. The foundation has supported 43 unique organizations. The foundation primarily supports organizations in Florida, North Carolina, New York, which account for 55% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$11K
Largest Grant
$30K
Based on 26 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.
Wells Family Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 80 grants. Its grantmaking reaches organizations primarily in FL, NC, NY.
Wells Family Foundation Inc. has distributed a total of $885K across 80 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $5K to $40K.
Wells Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Wells Family Foundation Inc. is headquartered in BROOKLYN PARK, MN. While based in MN, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Adele S Merck | President | $0 | $0 | N/A |
| George Merck | Director | $0 | $0 | N/A |
| John J Knip Iii | Treasurer | $0 | $0 | N/A |
| Caroline G Merck | Director | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.1M
Fair Market Value
N/A
Net Worth
$5.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
80
Total Giving
$885K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
43
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Samaritans PurseHealth care for the needy | Boone, NC | $40K | 2022 |
| Palm Beach Day AcademySupport childrens education | Palm Beach, FL | $20K | 2022 |
| Times Square ChurchReligious support for the church | New York, NY | $20K | 2022 |
| Cross Community ChurchSupport Church | Palm Beach Gardens, FL | $20K | 2022 |
| In Touch MinistriesReligious education for parishioners | Atlanta, GA | $15K | 2022 |
| Alliance For Eating DisorderDietary Education | West Palm Beach, FL | $15K | 2022 |
| Way Media IncReligious education for parishioners | Colorado Springs, CO | $10K | 2022 |
| Hanley Center FoundationHealthcare for individuals | West Palm Beach, FL | $10K | 2022 |
| Smithsonian Archives American ArtsArt preservation | Washington, DC | $10K | 2022 |
| Dunklin Memorial ChurchSupport Church | Secondcreek, WV | $10K | 2022 |
| Rx ArtSuport art in New York | New York, NY | $10K | 2022 |
| Ymca Of Pam BeachesHealth | West Palm Beach, FL | $10K | 2022 |
| Franklin University SwitzerlandEducation | New York, NY | $10K | 2022 |
| Global EvangelismGospel education | San Antonio, TX | $10K | 2022 |
| Grind For LifeHealth care via financial assistance | Cocoa Beach, FL | $10K | 2022 |
| Moody Bible InstituteStudy Bible Theology | Chicago, IL | $10K | 2022 |
| Ocean Clean UpEnvironmental clean up | San Francisco, CA | $10K | 2022 |
| Palm Beach Atlantic CollegeEducation | West Palm Beach, FL | $10K | 2022 |
| Ryon Litch Sang FoundationHealth education for those that need it | Palm Beach, FL | $10K | 2022 |
| Free Chapel WorshipSupport Christs philosophy | Gainesville, GA | $5K | 2022 |
| St Thomas AcademyEducation for highschool students | Saint Paul, MN | $5K | 2022 |
| Glory Of Zion InternationalNationwide religeous assistance | Denton, TX | $5K | 2022 |
| Norton Museum Of ArtArt education | West Palm Beach, FL | $5K | 2022 |
| Peggy Adams Animal RescueSave animals in todays environment | West Palm Beach, FL | $5K | 2022 |
| Lundstrom Center For Performing ArtAdvanced arts edcation for minorities | Minneapolis, MN | $5K | 2022 |
| New Hope AcademySupport growth of tennagers | West Palm Beach, FL | $5K | 2022 |
| St Martins ChurchGospel education | Fairmont, MN | $5K | 2022 |