The Martha Gaines & Russell Wehrle Memorial Foundation
The Martha Gaines & Russell Wehrle Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 38 grants totaling $405K. Net investment income was $406K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+3.8% YoY
Annual Giving
$405K
+6.3% YoY
Grant Count
38
+3700.0% YoY
Avg Grant Size
$11K
-97.2% YoY
Under IRS private-foundation payout rules, The Martha Gaines & Russell Wehrle Memorial Foundation reported a distributable amount of $336K for 2024 — the minimum it must pay out in qualifying distributions.
About The Martha Gaines & Russell Wehrle Memorial Foundation
Based on IRS filings
The Martha Gaines & Russell Wehrle Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 38 grants totaling $405K. Net investment income was $406K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,825,582 | $6,575,832 | $6,157,072 |
| Revenue | $523,639 | $321,969 | $387,982 |
| Expenses | $510,202 | $451,790 | $434,074 |
| Qualifying Distributions | $432,500 | $394,100 | $368,475 |
| Net Investment Income | $405,671 | $189,279 | $279,138 |
| Distributable Amount | $335,695 | $312,298 | $324,882 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Charleston Area Medical Center Foundation ($100,000), University of Charleston ($75,000), The Library Foundation of Kanawha County ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHARLESTON AREA MEDICAL CENTER FOUNDATION Charleston, WV | FUND OPERATIONS | $100,000 |
| UNIVERSITY OF CHARLESTON Charleston, WV | FUND OPERATIONS | $75,000 |
| THE LIBRARY FOUNDATION OF KANAWHA COUNTY Charleston, WV | FUND OPERATIONS | $25,000 |
| University of Charleston - INNOVATIVE SCHOLARS Charleston, WV | FUND OPERATIONS | $25,000 |
| CODA MOUNTAIN ACADEMY INC Fayetteville, WV | FUND OPERATIONS | $12,500 |
| A NEW CLENDENIN Clendenin, WV | FUND OPERATIONS | $10,000 |
| CLAY CENTER FOR THE ARTS & SCIENCES OF WV Charleston, WV | FUND OPERATIONS | $10,000 |
| NATIONAL YOUTH SCIENCE ACADEMY Davis, WV | FUND OPERATIONS | $10,000 |
| SAINT MATTHEWS EPISCOPAL CHURCH Charleston, WV | FUND OPERATIONS | $10,000 |
| TGKVF - COMMUNITY INITIATIVE FUND Charleston, WV | FUND OPERATIONS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Martha Gaines & Russell Wehrle Memorial Foundation?
The Martha Gaines & Russell Wehrle Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, WV. It holds $6.8M in total assets as of 2024.
How large is The Martha Gaines & Russell Wehrle Memorial Foundation?
As of 2024, The Martha Gaines & Russell Wehrle Memorial Foundation holds $6.8M in total assets with $524K in annual revenue. It awarded 38 grants totaling $405K in 2024.
Where does The Martha Gaines & Russell Wehrle Memorial Foundation operate?
The Martha Gaines & Russell Wehrle Memorial Foundation has awarded grants in Illinois, West Virginia.
What size grants does The Martha Gaines & Russell Wehrle Memorial Foundation award?
In 2024, The Martha Gaines & Russell Wehrle Memorial Foundation awarded 38 grants totaling $405K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Martha Gaines & Russell Wehrle Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Martha Gaines & Russell Wehrle Memorial Foundation reported a distributable amount of $336K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Martha Gaines & Russell Wehrle Memorial Foundation's EIN?
The Martha Gaines & Russell Wehrle Memorial Foundation's EIN (Employer Identification Number) is 26-6428986. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Martha Gaines & Russell Wehrle Memorial Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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