Frank & Betty Wright Foundation

POTOMAC, MD EIN: 52-1041780

Frank & Betty Wright Foundation is a private foundation, based in POTOMAC, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.8M in total assets. In 2024, it awarded 8 grants totaling $772K. Net investment income was $350K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.8M

-4.2% YoY

Annual Giving

$772K

+18.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$96K

+18.7% YoY

Under IRS private-foundation payout rules, Frank & Betty Wright Foundation reported a distributable amount of $746K for 2024 — the minimum it must pay out in qualifying distributions.

About Frank & Betty Wright Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $3.4M (99%)

District of Columbia $35K (1%)

States

District of Columbia Virginia

Cities

AlexandriaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,792,722	$13,356,928	$14,337,299
Revenue	$543,395	$51,790	$1,222,614
Expenses	$1,107,601	$1,024,601	$1,056,745
Qualifying Distributions	$914,461	$816,374	$850,028
Net Investment Income	$350,255	$152,363	$1,015,897
Distributable Amount	$746,330	$703,008	$793,325

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

44 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Campagna Center Inc ($387,862), Act for Alexandria ($231,625), Campagna Center Inc ($50,000).

Recipient	Purpose	Amount
CAMPAGNA CENTER INC ALEXANDRIA, VA	LITERACY TUTORING/MENTORING PROGRAM	$387,862
CAMPAGNA CENTER INC ALEXANDRIA, VA	LIBRARY	$50,000
ACT FOR ALEXANDRIA ALEXANDRIA, VA	DEVELOPMENT COSTS	$25,000
ACT FOR ALEXANDRIA ALEXANDRIA, VA	ACT STAFF FEES AND OPERATING COSTS	$231,625
ACT FOR AXEXANDRIA ALEXANDRIA, VA	YOUTH EMPLOYMENT PROGRAM	$40,000
ACT FOR AXEXANDRIA ALEXANDRIA, VA	FUNDERS AFFINITY GROUP	$10,000
ACT FOR AXEXANDRIA ALEXANDRIA, VA	PARTNERSHIP FOR HEALTHIER ALEXANDRIA	$20,000
ACT FOR AXEXANDRIA ALEXANDRIA, VA	PHA 1:1 GRANT	$7,317

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES EPSTIEN	PRESIDENT	8	$20,000
BRAD L MENDELSON	TREASURER	8	$20,000
JUANITA ILLERA	SECRETARY	1	$2,500

Frequently Asked Questions

How large is Frank & Betty Wright Foundation?

As of 2024, Frank & Betty Wright Foundation holds $12.8M in total assets with $543K in annual revenue. It awarded 8 grants totaling $772K in 2024.

Where does Frank & Betty Wright Foundation operate?

Frank & Betty Wright Foundation has awarded grants in District of Columbia, Virginia.

What size grants does Frank & Betty Wright Foundation award?

In 2024, Frank & Betty Wright Foundation awarded 8 grants totaling $772K — an average of about $96K per grant, based on its IRS Form 990 filings.

How much is Frank & Betty Wright Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank & Betty Wright Foundation reported a distributable amount of $746K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Frank & Betty Wright Foundation's EIN?

Frank & Betty Wright Foundation's EIN (Employer Identification Number) is 52-1041780. IRS Form 990 filing data is available on this page for 2020–2024.