L Jean & Jay S Wells Scholarship Fund
L Jean & Jay S Wells Scholarship Fund is a private foundation focused on Education, based in BROCKWAY, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $252K in total assets. In 2024, it awarded 11 grants totaling $11K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$252K
-2.6% YoY
Annual Giving
$11K
-15.4% YoY
Grant Count
11
-15.4% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, L Jean & Jay S Wells Scholarship Fund reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About L Jean & Jay S Wells Scholarship Fund
Based on IRS filings
L Jean & Jay S Wells Scholarship Fund is a private foundation focused on Education, based in BROCKWAY, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $252K in total assets. In 2024, it awarded 11 grants totaling $11K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $252,029 | $258,769 | $270,002 |
| Revenue | $12,403 | $9,890 | $10,660 |
| Expenses | $19,143 | $21,123 | $20,452 |
| Qualifying Distributions | $11,000 | $13,000 | $12,000 |
| Net Investment Income | $4,260 | $2,765 | $2,208 |
| Distributable Amount | $20,098 | $15,876 | $12,761 |
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 2024
Grant Size Distribution
113 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Raegan Galnette ($1,000), Reese Yahner ($1,000), Jacob Maze ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RAEGAN GALNETTE BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| REESE YAHNER BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| JACOB MAZE 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 |
| SARAH KOEHLER BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| NOAH BASH BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| GRACE STEWART BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| AIDEN GRIENEISEN BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
| MADELYN NEWCOME BROCKWAY, PA | FOR HIGHER EDUCATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| R LEO FERRARO | Trustee | — | $1,200 |
| R EDWARD FERRARO | Trustee | — | $1,200 |
| STEPHEN ZARLINSKI | Trustee | — | $1,200 |
| DANIEL HAWKINS | Trustee | — | — |
| DENISE CARLINI | Trustee | — | — |
| KATIE BISH | Secretary | — | $2,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is L Jean & Jay S Wells Scholarship Fund?
L Jean & Jay S Wells Scholarship Fund is a private foundation focused on Education, based in BROCKWAY, PA. It holds $252K in total assets as of 2024.
How large is L Jean & Jay S Wells Scholarship Fund?
As of 2024, L Jean & Jay S Wells Scholarship Fund holds $252K in total assets with $12K in annual revenue. It awarded 11 grants totaling $11K in 2024.
Where does L Jean & Jay S Wells Scholarship Fund operate?
L Jean & Jay S Wells Scholarship Fund has awarded grants in Pennsylvania.
What size grants does L Jean & Jay S Wells Scholarship Fund award?
In 2024, L Jean & Jay S Wells Scholarship Fund awarded 11 grants totaling $11K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is L Jean & Jay S Wells Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L Jean & Jay S Wells Scholarship Fund reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.