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Wells Texas Foundation Inc. is a private corporation based in AUSTIN, TX. The foundation received its IRS ruling in 1999. The principal officer is Kenneth F Wells. It holds total assets of $625K. Annual income is reported at $249K. Total assets have grown from $93K in 2011 to $457K in 2023. 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 2016 to 2023. According to available records, Wells Texas Foundation Inc. has made 6 grants totaling $46K, with a median grant of $9K. Annual giving has grown from $11K in 2020 to $16K in 2023. Individual grants have ranged from $2K to $12K, with an average award of $8K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Texas. 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.
Wells Texas 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 TX.
Wells Texas Foundation Inc. has distributed a total of $46K across 6 grants. The median grant size is $9K, with an average of $8K. Individual grants have ranged from $2K to $12K.
Wells Texas Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. Texas only; non-profit distributions/organizations.
Wells Texas Foundation Inc. is headquartered in AUSTIN, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ken Wells | PRES/TREAS | $0 | $0 | N/A |
| Sybil Wells | VP/SEC | $0 | $0 | N/A |
| Sharon Barrett | DIRECTOR | $0 | $0 | N/A |
| Stephanie Rosenfeld | DIRECTOR | $0 | $0 | N/A |
Total Giving
$16K
Total Assets
$457K
Fair Market Value
$392K
Net Worth
$457K
Grants Paid
$16K
Contributions
$63K
Net Investment Income
$15K
Distribution Amount
$20K
Total: $453K
Total Grants
6
Total Giving
$46K
Average Grant
$8K
Median Grant
$9K
Unique Recipients
5
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Texas At Austin Education CenterEDUCATION | Austin, TX | $12K | 2023 |
| Wings Recovery CenterPROJECT DEVELOPMENT | Rockport, TX | $2K | 2023 |
| Lutheran Education Association Of HoustonSCHOLARSHIP FUND | Friendswood, TX | $2K | 2023 |
| The University Of Texas Rio Grande ValleySCHOLARSHIP | Mcallen, TX | $10K | 2021 |
| University Of Texas - Marine Science InstituteEDUCATION AND STRATEGIC PLANNING | Austin, TX | $11K | 2020 |