The Terawulf Charitable Foundation

Foundation · Grantmaker Easton, MD EIN: 87-2095826

The Terawulf Charitable Foundation is a private foundation focused on Human Services, based in Easton, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $33.2M in total assets. In 2024, it awarded 1 grant totaling $650K.

Key facts about The Terawulf Charitable Foundation

In short: The Terawulf Charitable Foundation gave $650K across 1 grant in 2024 (avg $650K), mostly in Maryland. Source: 2024 IRS Form 990-PF.

EIN
87-2095826
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$650,000
Grants made (2024)
1
Average grant
$650,000
Median grant
$650,000
Total assets
$33,228,520
Primary geography
Maryland (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$33.2M

-23.7% YoY

Annual Giving

$650K

Grant Count

1

Avg Grant Size

$650K

Under IRS private-foundation payout rules, The Terawulf Charitable Foundation reported a distributable amount of $363K for 2024 — the minimum it must pay out in qualifying distributions.

How The Terawulf Charitable Foundation gives

  • Giving grew 30% from 2021 to 2024. Method
  • In 2024 it paid out 180% of 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

1state

Share of all 1 itemized 2024 grant dollars.

States

Cities

Annapolis

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K1 grants20211 grants20220 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Chesapeake Conservancy: $650KChesapeake Conservancy$650K

Grant Size Distribution

3 grants across all recorded years

<$50K$50–100K1$100–250K$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CHESAPEAKE CONSERVANCY Annapolis, MDPROTECTION AND PRESERVATION OF THE CHESAPEAKE BAY WATERSHED$650,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20M$40M$60M2021202220232024
Metric202420232022
Total Assets$33,228,520$43,559,010$43,559,010
Revenue$-9,063,262——
Expenses$667,228$7,640$106,300
Qualifying Distributions$654,339—$100,000
Net Investment Income———
Distributable Amount$362,657$178,253$506,711

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

The Terawulf Charitable Foundation is led by Paul Prager, Director & President on every filing since 2021; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Paul Prager

    Director & President

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Catherine Motz

    Director

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Julia Nesheiwat

    Director

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Kerri Langlais

    Director & Treasurer

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Lisa Prager

    Director

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Mila Barrett

    Director & Assistant Secretary

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Stefanie Fleischmann

    Director & Secretary

    On filings since 2021

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "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 The Terawulf Charitable Foundation

How much does The Terawulf Charitable Foundation give each year?

The Terawulf Charitable Foundation gave $650K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.

How large is The Terawulf Charitable Foundation?

The Terawulf Charitable Foundation reported $33.2M in total assets on its 2024 IRS Form 990-PF. It paid out $654K in qualifying distributions that year, against a required minimum of $363K (roughly 5% of its investment assets).

What is The Terawulf Charitable Foundation?

The Terawulf Charitable Foundation is a private foundation focused on Human Services, based in Easton, MD. It holds $33.2M in total assets as of 2024.

Where does The Terawulf Charitable Foundation operate?

The Terawulf Charitable Foundation has awarded grants in Maryland.

What is The Terawulf Charitable Foundation's EIN?

The Terawulf Charitable Foundation's EIN (Employer Identification Number) is 87-2095826. IRS Form 990 filing data is available on this page for 2021–2024.

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

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