Horace Wells Trust Fund
Horace Wells Trust Fund is a private foundation, based in Simsbury, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $203K in total assets. In 2025, it awarded 6 grants totaling $25K. Net investment income was $7K.
Horace Wells Trust Fund at a glance
In short: Horace Wells Trust Fund gave $25K across 6 grants in 2025 (avg $4K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,000
- +11.1% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $4,167
- +29.6% vs 2024
- Median grant
- $4,500
- Total assets
- $202,754
- +3.2% vs 2024
- Primary geography
- Connecticut (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Horace Wells Trust Fund funds
How this funder distributes its grants
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Horace Wells Trust Fund gives
- Giving grew 32% from 2022 to 2025. Method
- In 2025 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $14K (2020) to $25K (2025). In 2025 it made 6 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 6 individual scholarships Recipients not named | — | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $202,754 | $47,158 | $40,954 | $25,000 | 6 | $38,283 | $7,406 | $26,112 |
| 2024 | $196,550 | $17,587 | $28,571 | $22,500 | 7 | $25,986 | $8,262 | $24,798 |
| 2022 | $186,842 | $15,004 | $25,500 | $19,000 | 13 | $23,227 | $8,217 | $21,752 |
| 2021 | $197,338 | $11,639 | $21,072 | $14,000 | 7 | — | $7,203 | $20,556 |
| 2020 | $206,771 | $7,201 | $19,158 | $13,500 | 8 | — | $7,225 | $16,465 |
Under IRS private-foundation payout rules, Horace Wells Trust Fund reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Horace Wells Trust Fund is led by Lance Banwell, President on every filing since 2024; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lance Banwell
President
On filings since 2024
1 hr/week
No compensation reported
Bruce Nghiem DDS
Director
On filings since 2022
1 hr/week
No compensation reported
Paul McKenna
Trustee
On filings since 2024
1 hr/week
No compensation reported
Kevin McLaughlin
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (3)
- Former: Christine Niekrash DDS (2020–2022) — Director
- Former: James Naylor DDS (2020–2022) — Director
- Former: Jennifer Lowney (2020–2022) — President
Data from IRS Form 990 filings, 2020–2025. "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 Horace Wells Trust Fund
How much does Horace Wells Trust Fund give each year?
Horace Wells Trust Fund gave $25K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 7 grants.
What is Horace Wells Trust Fund's typical grant size?
Horace Wells Trust Fund's median grant in 2025 was $4,500, and its average grant was $4,167, across 6 grants on its 2025 IRS Form 990-PF.
Where does Horace Wells Trust Fund give grants?
Horace Wells Trust Fund gives mostly in Connecticut: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Horace Wells Trust Fund give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Horace Wells Trust Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
How large is Horace Wells Trust Fund?
Horace Wells Trust Fund reported $203K in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What is Horace Wells Trust Fund's EIN?
Horace Wells Trust Fund's EIN (Employer Identification Number) is 06-6037032. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS June 17, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2020–2022
Other open foundation grants in Connecticut
Connecticut Open opportunities, soonest deadline first.
- Thomaston Savings Bank Foundation - Phase III Grants (New Haven County) Due October 31, 2026
- CSBS Education Foundation Graduate Banking and Graduate Trust School Scholarship Award Up to $3,000 · Due December 11, 2026
- Merck Animal Health Diversity Leadership Scholarship $10,000 per award (16 recipients)
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