Olaf S Wessel Charitable Trust
Olaf S Wessel Charitable Trust is a private foundation, based in Columbus, OH. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $1.2M in total assets. In 2026, it awarded 6 grants totaling $37K. Net investment income was $52K.
Olaf S Wessel Charitable Trust at a glance
In short: Olaf S Wessel Charitable Trust gave $37K across 6 grants in 2026 (avg $6K), mostly in Ohio. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $37,182
- -39.8% vs 2025
- Grants made (2026)
- 6
- +0.0% vs 2025
- Average grant
- $6,197
- -39.8% vs 2025
- Median grant
- $3,718
- Total assets
- $1,184,487
- +0.3% vs 2025
- Primary geography
- Ohio (80% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Olaf S Wessel Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was First Presbyterian Church ($19K). Together the top 6 received $37K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
Cities
How Olaf S Wessel Charitable Trust gives
- Giving fell 31% from 2023 to 2026. Method
- In 2026 it paid out 62% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $37K (2026) to $76K (2021). In 2026 it made 6 grants totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church New Philadelphia, OH | General Operating | $18,592 |
| Salvation Army West Nyack, NY | General Operating | $3,718 |
| Tuscarawas County YMCA Dover, OH | General Operating | $3,718 |
| Kiwanis Club of New Phila Ohio New Philadelphia, OH | Charitable Purpose | $3,718 |
| Boy Scouts of America Buckeye Council Canton, OH | General Operating | $3,718 |
| Goucher College Towson, MD | Provide Educational | $3,718 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,184,487 | $60,544 | $55,783 | $37,182 | 6 | $47,100 | $51,509 | $75,871 |
| 2025 | $1,180,721 | $40,879 | $79,675 | $61,758 | 6 | $71,357 | $31,872 | $71,608 |
| 2024 | $1,218,637 | $94,885 | $79,549 | $50,430 | 6 | $59,414 | $87,101 | $64,878 |
| 2023 | $1,209,476 | $517,867 | $72,327 | $53,581 | 6 | $62,492 | $509,854 | $57,391 |
| 2022 | $763,557 | $133,729 | $88,092 | $67,818 | 6 | $77,483 | $125,333 | $70,633 |
| 2021 | $718,486 | $99,591 | $91,509 | $75,610 | 6 | — | $91,976 | $63,223 |
Under IRS private-foundation payout rules, Olaf S Wessel Charitable Trust reported a distributable amount of $76K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Olaf S Wessel Charitable Trust's only listed officer is Huntington National Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2026 filing
Huntington National Bank
Trustee
On filings since 2021
2 hrs/week
$15K (2021) → $17K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $17K, to Huntington National Bank (Trustee).
Frequently asked questions about Olaf S Wessel Charitable Trust
How much does Olaf S Wessel Charitable Trust give each year?
Olaf S Wessel Charitable Trust gave $37K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $62K across 6 grants.
What is Olaf S Wessel Charitable Trust's typical grant size?
Olaf S Wessel Charitable Trust's median grant in 2026 was $3,718, and its average grant was $6,197, across 6 grants on its 2026 IRS Form 990-PF.
Where does Olaf S Wessel Charitable Trust give grants?
Olaf S Wessel Charitable Trust gives mostly in Ohio: 80% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest states were New York (10%) and Maryland (10%). The most frequent recipient cities were New Philadelphia, OH (2 grants).
Does Olaf S Wessel Charitable Trust give general operating support?
Yes: 67% of Olaf S Wessel Charitable Trust's 2026 grants with a stated purpose (4 of 6) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Olaf S Wessel Charitable Trust's largest grantees?
Olaf S Wessel Charitable Trust's largest 2026 grantees include First Presbyterian Church ($18,592), Salvation Army ($3,718) and Tuscarawas County YMCA ($3,718), according to its 2026 IRS Form 990-PF. Together they received 70% of its itemized 2026 grant dollars.
How large is Olaf S Wessel Charitable Trust?
Olaf S Wessel Charitable Trust reported $1.2M in total assets on its 2026 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $76K (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 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 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2021–2025
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