Olaf S Wessel Charitable Trust

COLUMBUS, OH EIN: 31-6445639

Olaf S Wessel Charitable Trust is a private foundation, based in COLUMBUS, OH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 6 grants totaling $62K. Net investment income was $32K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.2M

-3.1% YoY

Annual Giving

$62K

+22.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

+22.5% YoY

Under IRS private-foundation payout rules, Olaf S Wessel Charitable Trust reported a distributable amount of $72K for 2025 — the minimum it must pay out in qualifying distributions.

About Olaf S Wessel Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $247K (80%)

Maryland $31K (10%)

New York $31K (10%)

States

Maryland New York Ohio

Cities

CantonDoverNew PhiladelphiaTowsonWest Nyack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$1,180,721	$1,218,637	$1,209,476
Revenue	$40,879	$94,885	$517,867
Expenses	$79,675	$79,549	$72,327
Qualifying Distributions	$71,357	$59,414	$62,492
Net Investment Income	$31,872	$87,101	$509,854
Distributable Amount	$71,608	$64,878	$57,391

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include First Presbyterian Church ($30,878), Salvation Army ($6,176), Tuscarawas County Ymca ($6,176).

Recipient	Purpose	Amount
SALVATION ARMY WEST NYACK, NY	GENERAL OPERATING	$6,176
TUSCARAWAS COUNTY YMCA DOVER, OH	GENERAL OPERATING	$6,176
FIRST PRESBYTERIAN CHURCH NEW PHILADELPHIA, OH	GENERAL OPERATING	$30,878
KIWANIS CLUB OF NEW PHILA OHIO NEW PHILADELPHIA, OH	CHARITABLE PURPOSE	$6,176
BOY SCOUTS OF AMERICA CANTON, OH	GENERAL OPERATING	$6,176
GOUCHER COLLEGE TOWSON, MD	PROVIDE EDUCATIONAL	$6,176

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
HUNTINGTON NATIONAL BANK	TRUSTEE	2	$16,297

Frequently Asked Questions

How large is Olaf S Wessel Charitable Trust?

As of 2025, Olaf S Wessel Charitable Trust holds $1.2M in total assets with $41K in annual revenue. It awarded 6 grants totaling $62K in 2025.

Where does Olaf S Wessel Charitable Trust operate?

Olaf S Wessel Charitable Trust has awarded grants in Maryland, New York, Ohio.

What size grants does Olaf S Wessel Charitable Trust award?

In 2025, Olaf S Wessel Charitable Trust awarded 6 grants totaling $62K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Olaf S Wessel Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Olaf S Wessel Charitable Trust reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Olaf S Wessel Charitable Trust's EIN?

Olaf S Wessel Charitable Trust's EIN (Employer Identification Number) is 31-6445639. IRS Form 990 filing data is available on this page for 2021–2025.