Powell-Wise Tchar

Foundation · Grantmaker Buffalo, NY EIN: 52-1057233

Powell-Wise Tchar is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $727K in total assets. In 2024, it awarded 8 grants totaling $38K. Net investment income was $54K.

Key facts about Powell-Wise Tchar

EIN: 52-1057233
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $37,700
Grants made (2024): 8
Average grant: $4,713
Median grant: $2,924
Total assets: $726,961
Primary geography: Maryland (73% of itemized 2024 grant dollars)

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

Who Powell-Wise Tchar funds

By grant dollars, the top recipient states for Powell-Wise Tchar's 8 itemized 2024 grants were Maryland (73%), Pennsylvania (8%) and West Virginia (7%). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (8 grants).

How Powell-Wise Tchar gives

Giving held roughly steady from 2021 to 2024 (+20%). 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.

Next steps with Powell-Wise Tchar

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$727K

+1.9% YoY

Annual Giving

$38K

-16.2% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$5K

-37.2% YoY

Under IRS private-foundation payout rules, Powell-Wise Tchar reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.

About Powell-Wise Tchar

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $28K (73%)

Pennsylvania $3K (8%)

West Virginia $3K (7%)

Virginia $2K (6%)

Illinois $2K (5%)

Share of all 8 itemized 2024 grant dollars.

States

Illinois Maryland North Carolina Ohio Pennsylvania Virginia West Virginia

Cities

MorgantownCumberlandFrostburgChicagoCollege ParkWestminsterTowsonWaynesboroWaynesburgCarlisleCedarvilleChambersburgDurhamFrederickLynchburgWinchester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$726,961	$713,217	$732,544
Revenue	$55,833	$29,679	$38,118
Expenses	$41,227	$48,860	$72,467
Qualifying Distributions	$39,200	$45,000	$59,675
Net Investment Income	$54,307	$26,458	$33,519
Distributable Amount	$41,096	$37,424	$39,549

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Frostburg State University ($15,210), Allegany College of Maryland ($7,207), Wilson College ($3,157).

Recipient	Purpose	Amount
FROSTBURG STATE UNIVERSITY Frostburg, MD	SCHOLARSHIP	$15,210
ALLEGANY COLLEGE OF MARYLAND Cumberland, MD	SCHOLARSHIP	$7,207
WILSON COLLEGE Chambersburg, PA	SCHOLARSHIP	$3,157
HOOD COLLEGE Frederick, MD	SCHOLARSHIP	$3,142
WEST VIRGINIA UNIVERSITY Morgantown, WV	SCHOLARSHIP	$2,706
LIBERTY UNIVERSITY Lynchburg, VA	SCHOLARSHIP	$2,218
UNIVERSITY OF MARYLAND College Park, MD	SCHOLARSHIP	$2,030
UNIVERSITY OF CHICAGO Chicago, IL	SCHOLARSHIP	$2,030

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

Name	Title	Hours	Compensation
Mt Trust CO	Trustee	1	$1,698

Frequently Asked Questions

How large is Powell-Wise Tchar?

As of 2024, Powell-Wise Tchar holds $727K in total assets with $56K in annual revenue. It awarded 8 grants totaling $38K in 2024.

Where does Powell-Wise Tchar operate?

Powell-Wise Tchar has awarded grants in Illinois, Maryland, North Carolina, Ohio, Pennsylvania, Virginia, West Virginia.

What size grants does Powell-Wise Tchar award?

In 2024, Powell-Wise Tchar awarded 8 grants totaling $38K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Powell-Wise Tchar required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Powell-Wise Tchar reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.