Powell-Wise TCHAR
Powell-Wise TCHAR is a private foundation based in Buffalo, New York. Its 2025 filing reports scholarship grants to individual recipients in several states, including Maryland, Virginia, West Virginia, Illinois, and Pennsylvania.
Powell-Wise TCHAR at a glance
In short: Powell-Wise TCHAR gave $40K across 14 grants in 2025 (avg $3K), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,501
- +4.8% vs 2024
- Grants made (2025)
- 14
- +75.0% vs 2024
- Average grant
- $2,822
- -40.1% vs 2024
- Median grant
- $2,793
- Total assets
- $757,075
- +4.1% vs 2024
- Primary geography
- Maryland (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Powell-Wise TCHAR
- How to Apply
-
The filing directs applicants to contact Wilmington Trust, attention Megan Maccon.
- Review Cycle
- June 1. The filing does not specify a year for this deadline.
- Deadline
- June 1.
- Contact
Application contact: Wilmington Trust Attn Megan Maccon
Mailing address: 575 Main Street 10Th Floor, Buffalo, NY 14203
Phone: (800) 278-5141
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Powell-Wise TCHAR funds
How this funder distributes its grants
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing lists grant dollars going to recipients in Maryland (69%), Virginia (9%), West Virginia (8%), Illinois (8%), and Pennsylvania (6%). The application requirements specify residency in Allegany County at the time of selection.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
Cities
How Powell-Wise TCHAR gives
- Giving fell 32% from 2022 to 2025. Method
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $31K (2021) to $58K (2022). In 2025 it made 14 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 14 individual scholarships Recipients not named | — | $39,501 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $757,075 | $77,429 | $47,290 | $39,501 | 14 | $41,001 | $74,667 | $38,151 |
| 2024 | $726,961 | $55,833 | $41,227 | $37,700 | 8 | $39,200 | $54,307 | $41,096 |
| 2023 | $713,217 | $29,679 | $48,860 | $45,000 | 6 | $45,000 | $26,458 | $37,424 |
| 2022 | $732,544 | $38,118 | $72,467 | $58,175 | 7 | $59,675 | $33,519 | $39,549 |
| 2021 | $766,995 | $70,698 | $43,484 | $31,460 | 6 | $31,460 | $64,074 | $58,173 |
| 2020 | $728,655 | $31,764 | $56,250 | $48,250 | 11 | — | $23,886 | $44,551 |
Under IRS private-foundation payout rules, Powell-Wise TCHAR reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2025, the foundation gave 14 grants totaling $39,501. Grant amounts ranged from $1,995 to $3,990, with a median of $2,793. The largest listed grant was $3,990 to an individual recipient in Frostburg, Maryland, for a scholarship. Other listed awards went to individual recipients and were also designated for scholarships.
The filing says the foundation does not restrict giving to preselected organizations. Its stated application materials are a completed application form, official transcripts of current grades, a typed essay, and two signed letters of recommendation. Applicants must be high school graduates and residents of Allegany County at the time of selection. Employees of Wilmington Trust or M&T Bank and their immediate family members are ineligible.
Leadership & Key People
Leadership team and compensation from IRS filings
M&T Trust Company is listed as trustee on the 2025 filing.
Powell-Wise TCHAR's only listed officer is M&T Trust Company, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
M&T Trust Company
Trustee
New on the 2025 filing
1 hr/week
$1K (2025)
Former officers (4)
- Former: M&T Bank (2023–2024) — Trustee
- Former: M AND T Trust Company (2022) — Trustee
- Former: M&T Trust CO (2021) — Trustee
- Former: MT Trust CO (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1K, to M&T Trust Company (Trustee).
Frequently asked questions about Powell-Wise TCHAR
How much does Powell-Wise TCHAR give each year?
Powell-Wise TCHAR gave $40K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 8 grants.
What is Powell-Wise TCHAR's typical grant size?
Powell-Wise TCHAR's median grant in 2025 was $2,793, and its average grant was $2,822, across 14 grants on its 2025 IRS Form 990-PF.
Where does Powell-Wise TCHAR give grants?
Powell-Wise TCHAR gives mostly in Maryland: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (9%) and West Virginia (8%).
Does Powell-Wise TCHAR give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on Powell-Wise TCHAR's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (14 grants).
How large is Powell-Wise TCHAR?
Powell-Wise TCHAR reported $757K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets).
How do I apply for a grant from Powell-Wise TCHAR?
The filing directs applicants to contact Wilmington Trust, attention Megan Maccon. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Powell-Wise TCHAR's EIN?
Powell-Wise TCHAR's EIN (Employer Identification Number) is 52-1057233. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Powell-Wise TCHAR's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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