May Wetherby Jones Foundation

Private foundation · Grantmaker Louisville, KY EIN: 61-1335008

May Wetherby Jones Foundation is a private foundation, based in Louisville, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 1 grant totaling $171K. Net investment income was $78K.

Key facts about May Wetherby Jones Foundation

In short: May Wetherby Jones Foundation gave $171K across 1 grant in 2024 (avg $171K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.

EIN
61-1335008
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$171,000
Grants made (2024)
1
Average grant
$171,000
Median grant
$171,000
Total assets
$2,057,638
Primary geography
Kentucky (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.1M

+5.4% YoY

Annual Giving

$171K

+11.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$171K

+11.0% YoY

Under IRS private-foundation payout rules, May Wetherby Jones Foundation reported a distributable amount of $228K for 2024 — the minimum it must pay out in qualifying distributions.

How May Wetherby Jones Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−10%). Method
  • In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Louisville

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $145K (2022) to $189K (2021). In 2024 it made 1 grant totaling $171K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Schedule Louisville, KYSee Attached Schedule$171,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$2,057,638$1,951,621$2,030,971
Revenue$326,416$117,099$61,766
Expenses$220,399$196,449$196,607
Qualifying Distributions$217,423$195,133$195,059
Net Investment Income$78,154$70,917$6,776
Distributable Amount$228,120$193,622$191,583

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

May Wetherby Jones Foundation's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • J. Walker Stites III

    Trustee

    On filings since 2020

    1.5 hrs/week

    $5K (2020) → $7K (2024)

  • William D. Davis

    Trustee

    On filings since 2022

    8.5 hrs/week

    $15K (2022) → $40K (2024)

Former officers (1)
  • Former: H. Scott Davis Jr. (2020–2021) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

William D Davis — Trustee: $40KWilliam D DavisTrustee$40KJ Walker Stites III — Trustee: $7KJ Walker Stites IIITrustee$7K

The highest reported compensation on the 2024 filing was $40K, to William D Davis (Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about May Wetherby Jones Foundation

How much does May Wetherby Jones Foundation give each year?

May Wetherby Jones Foundation gave $171K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $154K across 1 grant.

How large is May Wetherby Jones Foundation?

May Wetherby Jones Foundation reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $217K in qualifying distributions that year, against a required minimum of $228K (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.

Where does May Wetherby Jones Foundation operate?

May Wetherby Jones Foundation has awarded grants in Kentucky.

What is May Wetherby Jones Foundation's EIN?

May Wetherby Jones Foundation's EIN (Employer Identification Number) is 61-1335008. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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