T & W Foundation Inc
T & W Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLARKSVILLE, MD. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $462K in total assets. In 2025, it awarded 9 grants totaling $1.7M. Net investment income was $254K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$462K
-75.3% YoY
Annual Giving
$1.7M
+37.3% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$185K
+37.3% YoY
Under IRS private-foundation payout rules, T & W Foundation Inc reported a distributable amount of $61K for 2025 — the minimum it must pay out in qualifying distributions.
About T & W Foundation Inc
Based on IRS filings
T & W Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLARKSVILLE, MD. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $462K in total assets. In 2025, it awarded 9 grants totaling $1.7M. Net investment income was $254K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $461,547 | $1,872,201 | $1,086,557 |
| Revenue | $293,079 | $2,845,213 | $138,429 |
| Expenses | $1,703,733 | $1,234,267 | $1,709,337 |
| Qualifying Distributions | $1,675,413 | $1,224,742 | $1,703,040 |
| Net Investment Income | $254,459 | $775,131 | $132,132 |
| Distributable Amount | $60,975 | $72,736 | $80,967 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Illinois State University Foundation ($1,500,000), Korean American Story ($75,750), Ahl Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AHL FOUNDATION NEW YORK, NY | TO SUPPORT CROSS CULTURAL ART EXPLORATION | $25,000 |
| CROPS OF LOVE MINISTRIES FULLERTON, CA | TO PROVIDE MEALS TO CHILDREN IN NEED | $10,000 |
| KOREAN ADOPTEES OF CHICAGO CHICAGO, IL | TO HELP MEMBERS OF THE KOREAN AMERICAN COMMUNITY | $20,000 |
| KOREAN AMERICAN STORY SCARSDALE, NY | TO HELP MEMBERS OF THE KOREAN AMERICAN COMMUNITY | $75,750 |
| KOREAN QUARTERLY SAINT PAUL, MN | TO HELP MEMBERS OF THE KOREAN AMERICAN COMMUNITY | $10,000 |
| AMERICAN WHEAT MISSION INDIAN TRAIL, NC | TO ENHANCE THE LIVES OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $5,000 |
| CHUN KYUNG JA FOUNDATION NORTH POTOMAC, MD | TO PROMOTE ARTISIC VALUES | $10,000 |
| HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION COLUMBIA, MD | TO SUPPORT STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE | $12,759 |
| ILLINOIS STATE UNIVERSITY FOUNDATION NORMAL, IL | TO SUPPORT STUDENT SUCCESS AT ILLINOIS STATE UNIVERSITY | $1,500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS P CLEMENT | DIRECTOR | — | — |
| TODD CARPENTER | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is T & W Foundation Inc?
T & W Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLARKSVILLE, MD. It holds $462K in total assets as of 2025.
How large is T & W Foundation Inc?
As of 2025, T & W Foundation Inc holds $462K in total assets with $293K in annual revenue. It awarded 9 grants totaling $1.7M in 2025.
Where does T & W Foundation Inc operate?
T & W Foundation Inc has awarded grants in California, Illinois, Indiana, Massachusetts, Maryland, Minnesota, North Carolina, New York, Washington.
What size grants does T & W Foundation Inc award?
In 2025, T & W Foundation Inc awarded 9 grants totaling $1.7M — an average of about $185K per grant, based on its IRS Form 990 filings.
How much is T & W Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, T & W Foundation Inc reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is T & W Foundation Inc's EIN?
T & W Foundation Inc's EIN (Employer Identification Number) is 46-3730511. IRS Form 990 filing data is available on this page for 2023–2025.
Explore Open Grants
Browse active grant opportunities in T & W Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.