Franklin H and Ruth L Wells Foundation
The Franklin H and Ruth L Wells Foundation is a private family foundation established in 1983 (incorporated in Pennsylvania) and currently based in Amherst, New York. The foundation operates as a 501(c)(3) exempt private foundation with a focus on startup funding for new programs across multiple sectors.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$6.0M
+4.6% YoY
Annual Giving
$262K
-3.9% YoY
Grant Count
15
+0.0% YoY
Avg Grant Size
$17K
-3.9% YoY
Mission & Focus Areas
The foundation provides startup funding for new programs in the following areas:
- Education
- Human Services
- Community Development
- Health Care
- Cultural Arts
Grantmaking
The foundation made 18 grants in the most recent reporting period.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Pennsylvania and Texas, with a notable presence in the Capital Region area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (as of May 2024):
- Total Assets: $5,714,890
- Total Revenues: $306,841
- Total Expenses: $341,542
- Number of Employees: 0
Contact Information:
- Address: PO Box 1504, Buffalo, NY 14240-1504
- Telephone: 712-255-2174
- EIN: 22-2541749
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,979,331 | $5,714,890 | $5,751,313 |
| Revenue | $581,234 | $306,841 | $1,703,005 |
| Expenses | $316,479 | $341,542 | $272,232 |
| Qualifying Distributions | $284,747 | $292,852 | $235,780 |
| Net Investment Income | $553,579 | $280,086 | $1,668,568 |
| Distributable Amount | $318,702 | $301,272 | $266,305 |
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 2025
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Joseph A MacRi – Executive Director
- M T Trust Company – Senior Vice President
Compensation Overview
From 2025 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation has supported literacy initiatives and pediatric patient development programs, demonstrating active engagement in education and health care sectors aligned with its stated funding priorities.
Wells Foundation gift promotes literacy, enhances development for pediatricRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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