L Jean & Jay S Wells Scholarship Fund
The L Jean & Jay S Wells Scholarship Fund is a private foundation based in Brockway, Pennsylvania. Its 2025 filing describes scholarships for Brockway Area School District seniors who intend to continue their education in specified fields.
L Jean & Jay S Wells Scholarship Fund at a glance
In short: L Jean & Jay S Wells Scholarship Fund gave $12K across 12 grants in 2025 (avg $1K), mostly in Pennsylvania. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,000
- +9.1% vs 2024
- Grants made (2025)
- 12
- +9.1% vs 2024
- Average grant
- $1,000
- +0.0% vs 2024
- Median grant
- $1,000
- Total assets
- $243,712
- -3.3% vs 2024
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2025; small sample)
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to L Jean & Jay S Wells Scholarship Fund
- How to Apply
-
The 2025 filing says students must contact Brockway Area School District and submit a completed application, identified as attached to the filing. The awards are limited to the seniors and fields described above.
- Review Cycle
- The filing lists March 30. That date has passed as of September 29, 2026.
- Deadline
- The filing lists March 30.
- Contact
Application contact: Brockway Area School District
Mailing address: 40 North Street, Brockway, PA 15824
Phone: (814) 265-8411
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who L Jean & Jay S Wells Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bailey Franci ($1K). Together the top 10 received $10K.
Grant Size Distribution
75 grants across all recorded years
The most common grant size was under $50K: 75 grants of 75 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Pennsylvania. The 2025 recipients listed in the filing were in Brockway, Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
Is L Jean & Jay S Wells Scholarship Fund open to new grantees?
33%
first-time grantees, 2025
In 2025, 4 of 12 grantees (33%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $1K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 67% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 61% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $11K (2024) to $65K (2020). In 2025 it made 12 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bailey Franci Brockway, PA | For Higher Education | $1,000 |
| Adam Lin Brockway, PA | For Higher Education | $1,000 |
| ZOE Puhala Brockway, PA | For Higher Education | $1,000 |
| Margo Lindenmuth Brockway, PA | For Higher Education | $1,000 |
| Alia Mosier Brockway, PA | For Higher Education | $1,000 |
| Jacob Maze Brockway, PA | For Higher Education | $1,000 |
| Raegan Galnette Brockway, PA | For Higher Education | $1,000 |
| Reese Yahner Brockway, PA | For Higher Education | $1,000 |
| Aiden Grieneisen Brockway, PA | For Higher Education | $1,000 |
| Landon Schmader Brockway, PA | For Higher Education | $1,000 |
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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 | $243,712 | $11,741 | $20,058 | $12,000 | 12 | $12,000 | $3,683 | $19,543 |
| 2024 | $252,029 | $12,403 | $19,143 | $11,000 | 11 | $11,000 | $4,260 | $20,098 |
| 2023 | $258,769 | $9,890 | $21,123 | $13,000 | 13 | $13,000 | $2,765 | $15,876 |
| 2022 | $270,002 | $10,660 | $20,452 | $12,000 | 12 | $12,000 | $2,208 | $12,761 |
| 2021 | $279,794 | $19,942 | $35,427 | $27,000 | 27 | $27,000 | $10,415 | $14,210 |
| 2020 | $295,279 | $8,394 | $72,743 | $64,500 | 54 | — | $1,071 | $16,171 |
Under IRS private-foundation payout rules, L Jean & Jay S Wells Scholarship Fund reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The filing does not state a mission. It says scholarships are limited to the most deserving Brockway Area School District seniors intending to further their education in business, finance, humanities, or public school education.
Grantmaking
In filing year 2025, the fund awarded 12 grants totaling $12,000. Each grant was $1,000. The recipients were Bailey Franci, Adam Lin, Zoe Puhala, Margo Lindenmuth, Alia Mosier, Jacob Maze, Raegan Galnette, Reese Yahner, Aiden Grieneisen, Landon Schmader, Sarah Koehler, and Madison Mortimer. Each grant was for higher education.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists R Leo Ferraro, R Edward Ferraro, Stephen Zarlinski, Daniel Hawkins, and Denise Carlini as trustees, and Katie Bish as secretary.
L Jean & Jay S Wells Scholarship Fund's 2025 filing lists 5 officers; 3 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
R. Edward Ferraro
Trustee
On filings since 2020
$1K (2020) → $1K (2025)
Stephen Zarlinski
Trustee
On filings since 2020
$1K (2020) → $1K (2025)
Daniel Hawkins
Trustee
On filings since 2020
No compensation reported
Denise Carlini
Trustee
On filings since 2020
No compensation reported
Katie Bish
Secretary
On filings since 2020
$2K (2020) → $2K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Katie Bish (Secretary). 4 officers or directors reported compensation on that filing.
Frequently asked questions about L Jean & Jay S Wells Scholarship Fund
How much does L Jean & Jay S Wells Scholarship Fund give each year?
L Jean & Jay S Wells Scholarship Fund gave $12K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 11 grants.
What is L Jean & Jay S Wells Scholarship Fund's typical grant size?
L Jean & Jay S Wells Scholarship Fund's median grant in 2025 was $1,000, and its average grant was $1,000, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from L Jean & Jay S Wells Scholarship Fund that year got $1K on average.
Where does L Jean & Jay S Wells Scholarship Fund give grants?
L Jean & Jay S Wells Scholarship Fund gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brockway, PA (12 grants).
Does L Jean & Jay S Wells Scholarship Fund give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on L Jean & Jay S Wells Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "For Higher Education" (12 grants).
Who are L Jean & Jay S Wells Scholarship Fund's largest grantees?
L Jean & Jay S Wells Scholarship Fund's largest 2025 grantees include Bailey Franci ($1,000), Adam Lin ($1,000) and ZOE Puhala ($1,000), according to its 2025 IRS Form 990-PF. Together they received 25% of its itemized 2025 grant dollars.
How large is L Jean & Jay S Wells Scholarship Fund?
L Jean & Jay S Wells Scholarship Fund reported $244K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does L Jean & Jay S Wells Scholarship Fund fund?
The filing does not state a mission. It says scholarships are limited to the most deserving Brockway Area School District seniors intending to further their education in business, finance, humanities, or public school education. See mission & focus areas ↑
How do I apply for a grant from L Jean & Jay S Wells Scholarship Fund?
The 2025 filing says students must contact Brockway Area School District and submit a completed application, identified as attached to the filing. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is L Jean & Jay S Wells Scholarship Fund's EIN?
L Jean & Jay S Wells Scholarship Fund's EIN (Employer Identification Number) is 27-0817751. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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