T & W Foundation Inc

Private foundation · Grantmaker Clarksville, MD EIN: 46-3730511

T & W Foundation Inc is a private foundation, 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.

Key facts about T & W Foundation Inc

In short: T & W Foundation Inc gave $1.7M across 9 grants in 2025 (avg $185K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
46-3730511
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,668,509
Grants made (2025)
9
Average grant
$185,390
Median grant
$12,759
Total assets
$461,547
Primary geography
Illinois (91% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

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.

How T & W Foundation Inc gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2025 grant dollars across all 9 itemized grants.

Cities

ChicagoFullertonNew YorkScarsdaleFlushingTerre HauteiColumbiaIndian TrailLexingtonMounds ViewNormalNorth PotomacOxfordSaint PaulSeattle

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M7 grants2023 9 grants2024 9 grants2025

From 2023 to 2025, annual grant giving ranged from $1.2M (2024) to $1.7M (2023). In 2025 it made 9 grants totaling $1.7M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Illinois State University Foundation: $1.5MIllinois State UniversityFoundation$1.5MKorean American Story: $76KKorean American Story$76KAHL Foundation: $25KAHL Foundation$25KKorean Adoptees of Chicago: $20KKorean Adoptees of Chicago$20KHoward Community College Educational Foundation: $13KHoward Community CollegeEducational Foundation$13KCrops of Love Ministries: $10KCrops of Love Ministries$10KKorean Quarterly: $10KKorean Quarterly$10KChun Kyung Ja Foundation: $10KChun Kyung Ja Foundation$10KAmerican Wheat Mission: $5KAmerican Wheat Mission$5K

The largest 2025 recipient was Illinois State University Foundation ($1.5M). Together the top 9 received $1.7M.

Grant Size Distribution

25 grants across all recorded years

17<$50K4$50–100K1$100–250K$250–500K$500K–1M3$1–5M$5M+

The most common grant size was under $50K: 17 grants of 25 (68%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Illinois State University Foundation Normal, ILTo Support Student Success at Illinois State University$1,500,000
Korean American Story Scarsdale, NYTo Help Members of the Korean American Community$75,750
AHL Foundation New York, NYTo Support Cross Cultural Art Exploration$25,000
Korean Adoptees of Chicago Chicago, ILTo Help Members of the Korean American Community$20,000
Howard Community College Educational Foundation Columbia, MDTo Support Student Success at Howard Community College$12,759
Crops of Love Ministries Fullerton, CATo Provide Meals to Children in Need$10,000
Korean Quarterly Saint Paul, MNTo Help Members of the Korean American Community$10,000
Chun Kyung Ja Foundation North Potomac, MDTo Promote Artisic Values$10,000
American Wheat Mission Indian Trail, NCTo enhance the lives of individuals with developmental disabilities$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2023 2024 2025
Metric202520242023
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2023–2025

Leadership & Key People

Officers and directors from IRS filings

T & W Foundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Thomas P. Clement

    Director

    On filings since 2023

    No compensation reported

  • Todd Carpenter

    Director

    On filings since 2023

    No compensation reported

Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about T & W Foundation Inc

How much does T & W Foundation Inc give each year?

T & W Foundation Inc gave $1.7M across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 9 grants.

What is T & W Foundation Inc's typical grant size?

T & W Foundation Inc's median grant in 2025 was $12,759, and its average grant was $185,390, across 9 grants on its 2025 IRS Form 990-PF.

Where does T & W Foundation Inc give grants?

T & W Foundation Inc gives mostly in Illinois: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (6%).

Does T & W Foundation Inc give general operating support?

Not in 2025: none of the 9 grants with a stated purpose on T & W Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Help Members of the Korean American Community" (3 grants).

Who are T & W Foundation Inc's largest grantees?

T & W Foundation Inc's largest 2025 grantees include Illinois State University Foundation ($1,500,000), Korean American Story ($75,750) and AHL Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 96% of its itemized 2025 grant dollars.

How large is T & W Foundation Inc?

T & W Foundation Inc reported $462K in total assets on its 2025 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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