Organized and operated as a type I supporting organization, for the benefit of missio nexus, sim usa, inc., world radio missionary fellowship ("the beneficiaries") and charitable organizations and ventures sponsored or supported by one of the beneficiaries. The emphasis of this foundation shall be on worldwide christian evangelism, particularly to those parts of the world where the gospel has not been heard, including proclamation of the gospel, church planting, discipleship, nurturing of christians, and leadership development.
Key facts about Foundation for World Evangelism
In short: Foundation for World Evangelism gave $103.3M across 1 grant in 2024 (avg $103.3M), mostly in North Carolina. Source: 2024 IRS Form 990.
- EIN
- 98-0150395
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $103,279,000
- Grants made (2024)
- 1
- Average grant
- $103,279,000
- Median grant
- $103,279,000
- Total assets
- $86,628,638
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$86.6M
+15.6% YoY
Annual Giving
$103.3M
-76.9% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$103.3M
-30.6% YoY
About Foundation for World Evangelism
Based on IRS filings
Foundation for World Evangelism is a public charity focused on religion. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $86.6M in total assets. In 2024, it awarded 1 grant totaling $103.3M. Net investment income was $118.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $742K (2022) to $446.5M (2023). In 2024 it made 1 grant totaling $103.3M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Summit Foundation ($103.3M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was $5M or more: 2 grants of 4 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Summit Foundation Charlotte, NC | Operating Support | $103,279,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $86,628,638 | $74,961,299 | $72,121,239 |
| Revenue | $118,144,913 | $452,298,590 | $1,008,381 |
| Expenses | $106,500,574 | $449,491,478 | $785,875 |
| Net Investment Income | $118,144,913 | $452,298,590 | $1,008,381 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Foundation for World Evangelism is led by Fredrick Ely, President since 2022 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Fredrick Ely
President
Vice President → President, 2022
On filings since 2020
1 hr/week
No compensation reported
Marten Geiger
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Rene Palacio
Vice President
Council Member → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Daniel A. Enns
Council Member
On filings since 2022
1 hr/week
No compensation reported
Ted Esler
Council Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Marvin Newell (2020–2021) — President
- Former: Wayne Pederson (2020–2021) — Council Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Foundation for World Evangelism
How much does Foundation for World Evangelism give each year?
Foundation for World Evangelism gave $103.3M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $446.5M across 3 grants.
How large is Foundation for World Evangelism?
Foundation for World Evangelism reported $86.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $118.1M.
What is Foundation for World Evangelism?
Foundation for World Evangelism is a public charity focused on religion. It holds $86.6M in total assets as of 2024.
Where does Foundation for World Evangelism operate?
Foundation for World Evangelism has awarded grants in Maryland, North Carolina.
What is Foundation for World Evangelism's EIN?
Foundation for World Evangelism's EIN (Employer Identification Number) is 98-0150395. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Foundation for World Evangelism by hand.
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Foundation for World Evangelism down — hundreds of funders to go?