The Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENBELT, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $985K in total assets. In 2024, it awarded 10 grants totaling $71K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$985K
+4.1% YoY
Annual Giving
$71K
-57.2% YoY
Grant Count
10
-23.1% YoY
Avg Grant Size
$7K
-44.3% YoY
Under IRS private-foundation payout rules, The Powell Foundation Inc reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About The Powell Foundation Inc
Based on IRS filings
The Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENBELT, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $985K in total assets. In 2024, it awarded 10 grants totaling $71K. Net investment income was $14K.
Focus Areas
Ready to take the next step with The Powell Foundation Inc?
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 | $984,619 | $945,531 | $913,046 |
| Revenue | $113,791 | $200,000 | $325,075 |
| Expenses | $74,703 | $167,515 | $92,050 |
| Qualifying Distributions | $70,884 | $165,500 | $90,200 |
| Net Investment Income | $13,791 | — | — |
| Distributable Amount | $45,437 | $42,097 | $33,125 |
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
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mt Ennon Baptist Chruch ($30,000), Andrew Jackson Academy ($20,000), Rappahannock Regional Uplift & Scholarship Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GENTLE HANDS AND FEET INC LANHAM, MD | ASSISTANCE TO FAMILIES | $1,000 |
| MOREHOUSE COLLEGE ATLANTA, GA | SCHOLARSHIP PROGRAM | $500 |
| MT ENNON BAPTIST CHRUCH CLINTON, MD | SCHOLARSHIP PROGRAM | $30,000 |
| RAPPAHANNOCK REGIONAL UPLIFT & SCHOLARSHIP FOUNDATION FAIRFAX STATION, VA | SCHOLARSHIP PROGRAM | $10,000 |
| UNIVERSITY OF MICHIGAN ANN ARBOR, MI | SCHOLARSHIP PROGRAM | $1,000 |
| BOWIE STATE UNIVERSITY BOWIE, MD | SCHOLARSHIP PROGRAM | $1,000 |
| ABBOT LABORATORIES ABBOTT PARK, IL | SCHOLARSHIP PROGRAM | $4,884 |
| ANDREW JACKSON ACADEMY DISTRICT HEIGHTS, MD | STEM PROGRAM | $20,000 |
| BELINDA COLEMAN UPPER MARLBORO, MD | PROVIDE ASSISTANCE TO NEEDY FAMILIES OF INCARCERATED PERSONS | $2,000 |
| BELINDA COLEMAN UPPER MARLBORO, MD | PROVIDE ASSISTANCE TO WOMEN | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BELINDA P COLEMAN | PRESIDENT | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Powell Foundation Inc?
The Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENBELT, MD. It holds $985K in total assets as of 2024.
How large is The Powell Foundation Inc?
As of 2024, The Powell Foundation Inc holds $985K in total assets with $114K in annual revenue. It awarded 10 grants totaling $71K in 2024.
Where does The Powell Foundation Inc operate?
The Powell Foundation Inc has awarded grants in Arkansas, District of Columbia, Georgia, Hawaii, Illinois, Massachusetts, Maryland, Michigan, New York, South Carolina, Virginia.
What size grants does The Powell Foundation Inc award?
In 2024, The Powell Foundation Inc awarded 10 grants totaling $71K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Powell Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Powell Foundation Inc reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Powell Foundation Inc's EIN?
The Powell Foundation Inc's EIN (Employer Identification Number) is 27-4131811. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Powell Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Abell Foundation Inc
BALTIMORE, MD
Assets
$296.4M
Grants
391
Total Given
$13.4M
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Powell Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Powell Foundation Inc to a real strategy.