T & W Foundation Inc
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.
T & W Foundation Inc at a glance
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.
- Annual giving (2025)
- $1,668,509
- +37.3% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $185,390
- +37.3% vs 2024
- Median grant
- $12,759
- Total assets
- $461,547
- -75.3% vs 2024
- Primary geography
- Illinois (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who T & W Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Korean American Story ($76K). Together the top 8 received $169K.
Organizations only. It also paid 1 grant to individuals ($1,500,000), which are not listed by name.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 17 grants of 25 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $1,500,000 |
| Korean American Story Scarsdale, NY | To Help Members of the Korean American Community | $75,750 |
| AHL Foundation New York, NY | To Support Cross Cultural Art Exploration | $25,000 |
| Korean Adoptees of Chicago Chicago, IL | To Help Members of the Korean American Community | $20,000 |
| Howard Community College Educational Foundation Columbia, MD | To Support Student Success at Howard Community College | $12,759 |
| Crops of Love Ministries Fullerton, CA | To Provide Meals to Children in Need | $10,000 |
| Korean Quarterly Saint Paul, MN | To Help Members of the Korean American Community | $10,000 |
| Chun Kyung Ja Foundation North Potomac, MD | To Promote Artisic Values | $10,000 |
| American Wheat Mission Indian Trail, NC | To enhance the lives of individuals with developmental disabilities | $5,000 |
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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 | $461,547 | $293,079 | $1,703,733 | $1,668,509 | 9 | $1,675,413 | $254,459 | $60,975 |
| 2024 | $1,872,201 | $2,845,213 | $1,234,267 | $1,215,240 | 9 | $1,224,742 | $775,131 | $72,736 |
| 2023 | $1,086,557 | $138,429 | $1,709,337 | $1,697,000 | 7 | $1,703,040 | $132,132 | $80,967 |
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.
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 Korean American Story ($75,750), AHL Foundation ($25,000) and Korean Adoptees of Chicago ($20,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($1,500,000), which are not listed by name. Together they received 7% 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2025
Live grants for the work T & W Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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