Leo J Wahl Foundation
The Leo J Wahl Foundation is a private grantmaking foundation established in 1985 and located in Sterling, Illinois. The foundation operates as a company-sponsored foundation affiliated with Wahl Clipper Corp.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$78K
-31.0% YoY
Annual Giving
$123K
-19.2% YoY
Grant Count
58
-20.5% YoY
Avg Grant Size
$2K
+1.6% YoY
Under IRS private-foundation payout rules, Leo J Wahl Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation awards college scholarships to children of employees of Wahl Clipper Corp. According to recent filings, the foundation supports post-secondary education scholarships.
Grantmaking
The foundation awarded scholarships to 70 individuals with total grant expenses of $152,300 in recent reporting periods. This represents the foundation's primary grantmaking activity focused on educational support for employee families.
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Geographic Focus
Where this funder awards grants
The foundation is based in Sterling, Illinois and serves the local community through its scholarship program.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Year (2024):
- Revenue: $75,087
- Expenses: $110,345
- Total Assets: $78,306
- Total Liabilities: $0
- Net Income: -$35,258
Revenue Composition (2024):
- Contributions Received: $75,000
- Interest Revenue: $87
The foundation has been tax-exempt since December 1987 and is classified as a 501(c)(3) organization.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $78,306 | $113,564 | $115,779 |
| Revenue | $75,087 | $150,119 | $75,082 |
| Expenses | $110,345 | $152,334 | $138,678 |
| Qualifying Distributions | $110,300 | $152,300 | $138,652 |
| Net Investment Income | $87 | $119 | $82 |
| Distributable Amount | $4,724 | $5,646 | $7,267 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Anderson Owen ($4,000), Capes Elizabeth ($4,000), Clark Harper ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUSTIN RYAN STERLING, IL | COLLEGE EXPENSES | $1,500 |
| ANDERSON OWEN STERLING, IL | COLLEGE EXPENSES | $4,000 |
| AGUILAR XIMENA STERLING, IL | COLLEGE EXPENSES | $1,200 |
| AKERMAN LUKE ROCK FALLS, IL | COLLEGE EXPENSES | $2,000 |
| AULWES ANNA STERLING, IL | COLLEGE EXPENSES | $2,000 |
| AULWES WILLIAM STERLING, IL | COLLEGE EXPENSES | $2,000 |
| BARRIENTOS MIRRNA ROCK FALLS, IL | COLLEGE EXPENSES | $2,000 |
| BEASLEY CHRISTIAN STERLING, IL | COLLEGE EXPENSES | $2,000 |
| BELLING ERICA FOND DUL LAC, WI | COLLEGE EXPENSES | $3,000 |
| BELLING EMILY FOND DUL LAC, WI | COLLEGE EXPENSES | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIN CUSHING | PRESIDENT | 1 | — |
| MELISSA WOESSNER | TREASURER | 1 | — |
| JOHN A VAN OSDOL | SECRETARY | 1 | — |
| AMANDA WAHL | BOARD MEMBER | 0.5 | — |
| ANN B WHITE | BOARD MEMBER | 0.5 | — |
| PAULA GIBLIN | BOARD MEMBER | 0.5 | — |
Contact Information
- Address: 2902 Locust Street, Sterling, IL 61081
- Telephone: 815-625-6525
- EIN: 36-3447061
Frequently Asked Questions
What does Leo J Wahl Foundation fund?
The foundation awards college scholarships to children of employees of Wahl Clipper Corp. According to recent filings, the foundation supports post-secondary education scholarships.
How do I apply for a grant from Leo J Wahl Foundation?
The foundation awarded scholarships to 70 individuals with total grant expenses of $152,300 in recent reporting periods. This represents the foundation's primary grantmaking activity focused on educational support for employee families.
Where does Leo J Wahl Foundation make grants?
The foundation is based in Sterling, Illinois and serves the local community through its scholarship program.
What size grants does Leo J Wahl Foundation award?
In 2024, Leo J Wahl Foundation awarded 58 grants totaling $123K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Leo J Wahl Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leo J Wahl Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leo J Wahl Foundation's EIN?
Leo J Wahl Foundation's EIN (Employer Identification Number) is 36-3447061. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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