The Michael Wassmer Foundation
The Michael Wassmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Henrico, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 10 grants totaling $72K. Net investment income was $250K.
Key facts about The Michael Wassmer Foundation
- EIN
- 92-0384293
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $72,000
- Grants made (2024)
- 10
- Average grant
- $7,200
- Median grant
- $7,500
- Total assets
- $1,640,661
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Michael Wassmer Foundation funds
By grant dollars, the top recipient states for The Michael Wassmer Foundation's 10 itemized 2024 grants were Virginia (100%). The most frequent recipient cities were Henrico, VA (4 grants) and North Chesterfield, VA (2 grants). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "2024 Scholarship" (10 grants).
How The Michael Wassmer Foundation gives
- In 2024 it paid out 98% 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 The Michael Wassmer Foundation
- How to evaluate The Michael Wassmer Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+30.5% YoY
Annual Giving
$72K
+161.8% YoY
Grant Count
10
+150.0% YoY
Avg Grant Size
$7K
+4.7% YoY
Under IRS private-foundation payout rules, The Michael Wassmer Foundation reported a distributable amount of $74K for 2024 — the minimum it must pay out in qualifying distributions.
About The Michael Wassmer Foundation
Based on IRS filings
The Michael Wassmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Henrico, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 10 grants totaling $72K. Net investment income was $250K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,640,661 | $1,257,126 | $168,092 |
| Revenue | $539,045 | $1,271,212 | $251,626 |
| Expenses | $86,504 | $53,150 | $16,708 |
| Qualifying Distributions | $72,899 | $38,668 | $8,354 |
| Net Investment Income | $249,954 | $185,915 | — |
| Distributable Amount | $74,304 | $36,458 | $2,698 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Colby Taylor ($7,500), Destiny Bigos ($7,500), Eleanor Lombardi ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| COLBY TAYLOR Glen Allen, VA | 2024 SCHOLARSHIP | $7,500 |
| DESTINY BIGOS Chesterfield, VA | 2024 SCHOLARSHIP | $7,500 |
| ELEANOR LOMBARDI Henrico, VA | 2024 SCHOLARSHIP | $7,500 |
| ELIZABETH HEROD Henrico, VA | 2024 SCHOLARSHIP | $7,500 |
| JAZZ MILES Richmond, VA | 2024 SCHOLARSHIP | $7,500 |
| LAURA QUINONEZ Henrico, VA | 2024 SCHOLARSHIP | $7,500 |
| NAJMUDEEN OUERHANI North Chesterfield, VA | 2024 SCHOLARSHIP | $7,500 |
| PHOENIX UNZUETA North Chesterfield, VA | 2024 SCHOLARSHIP | $7,500 |
| SUTTON MARKS Montpelier, VA | 2024 SCHOLARSHIP | $7,500 |
| THAOVY MAI Henrico, VA | 2024 SCHOLARSHIP | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Andrea Wassmer | President, Director | 20 | — |
| Zachary Wassmer | Director | 2 | — |
| Owen Wassmer | Director | 2 | — |
| Claudia Rinaldi | Secretary, Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael Wassmer Foundation?
The Michael Wassmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Henrico, VA. It holds $1.6M in total assets as of 2024.
How large is The Michael Wassmer Foundation?
As of 2024, The Michael Wassmer Foundation holds $1.6M in total assets with $539K in annual revenue. It awarded 10 grants totaling $72K in 2024.
Where does The Michael Wassmer Foundation operate?
The Michael Wassmer Foundation has awarded grants in Virginia.
What size grants does The Michael Wassmer Foundation award?
In 2024, The Michael Wassmer Foundation awarded 10 grants totaling $72K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Michael Wassmer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael Wassmer Foundation reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael Wassmer Foundation's EIN?
The Michael Wassmer Foundation's EIN (Employer Identification Number) is 92-0384293. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.