Charles Wackerle Foundation Inc is a private foundation focused on Religion Related, based in SARASOTA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $76K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+2.3% YoY
Annual Giving
$50K
+10.1% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$5K
-22.9% YoY
Under IRS private-foundation payout rules, Charles Wackerle Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Charles Wackerle Foundation Inc
Based on IRS filings
Charles Wackerle Foundation Inc is a private foundation focused on Religion Related, based in SARASOTA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $76K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,057,769 | $1,034,455 | $1,049,632 |
| Revenue | $76,599 | $35,945 | $58,455 |
| Expenses | $53,285 | $51,122 | $58,028 |
| Qualifying Distributions | $50,204 | $45,600 | $55,750 |
| Net Investment Income | $75,812 | $35,945 | $58,455 |
| Distributable Amount | $50,467 | $46,683 | $50,107 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Global Serve Intl ($17,701), Suncoast Community Church ($11,301), Sarasota Prayer Breakfast Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SARASOTA PRAYER BREAKFAST INC VENICE, FL | OPERATING EXPENSES | $5,000 |
| GLOBAL SERVE INTL BRADENTON, FL | OPERATING EXPENSES | $17,701 |
| HOPE FOR COMMUNITIES BRADENTON, FL | OPERATING EXPENSES | $2,000 |
| SUNCOAST COMMUNITY CHURCH SARASOTA, FL | OPERATING EXPENSES | $11,301 |
| FLORIDA CENTER FOR EARLY CHILDHOOD SARASOTA, FL | OPERATING EXPENSES | $3,500 |
| CHURCH OF THE REDEEMER SARASOTA, FL | OPERATING EXPENSES | $4,301 |
| BSA SOUTHWESTFL COUNCIL FORT MYERS, FL | OPERATING EXPENSES | $1,500 |
| EPISCOPAL DIOCESE OF SW FLORIDA PARRISH, FL | OPERATING EXPENSES | $2,000 |
| SARASOTA MEDICAL PREGNANCY CENTER SARASOTA, FL | OPERATING EXPENSES | $901 |
| SRQ FELLOWSHIP OF CHRISTIAN ATHLETE VENICE, FL | OPERATING EXPENSES | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER MAGNUSON | PRESIDENT | — | — |
| KRAIG KOACH | SECRETARY/TR | — | — |
| CHRISTOPHER MAGNUSON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charles Wackerle Foundation Inc?
Charles Wackerle Foundation Inc is a private foundation focused on Religion Related, based in SARASOTA, FL. It holds $1.1M in total assets as of 2024.
How large is Charles Wackerle Foundation Inc?
As of 2024, Charles Wackerle Foundation Inc holds $1.1M in total assets with $77K in annual revenue. It awarded 10 grants totaling $50K in 2024.
Where does Charles Wackerle Foundation Inc operate?
Charles Wackerle Foundation Inc has awarded grants in Florida.
What size grants does Charles Wackerle Foundation Inc award?
In 2024, Charles Wackerle Foundation Inc awarded 10 grants totaling $50K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Charles Wackerle Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles Wackerle Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles Wackerle Foundation Inc's EIN?
Charles Wackerle Foundation Inc's EIN (Employer Identification Number) is 65-0807329. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charles Wackerle Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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