The Terawulf Charitable Foundation
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.
The Terawulf Charitable Foundation at a glance
In short: The Terawulf Charitable Foundation gave $650K across 1 grant in 2024 (avg $650K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $650,000
- Grants made (2024)
- 1
- Average grant
- $650,000
- Median grant
- $650,000
- Total assets
- $33,228,520
- -23.7% vs 2023
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Terawulf Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Chesapeake Conservancy ($650K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $100K (2022) to $650K (2024). In 2024 it made 1 grant totaling $650K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chesapeake Conservancy Annapolis, MD | Protection and Preservation of the Chesapeake Bay Watershed | $650,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $33,228,520 | $-9,063,262 | $667,228 | $650,000 | 1 | $654,339 | $362,657 |
| 2023 | $43,559,010 | — | $7,640 | — | — | — | $178,253 |
| 2022 | $43,559,010 | — | $106,300 | $100,000 | 1 | $100,000 | $506,711 |
| 2021 | $43,559,010 | $43,559,010 | $500,035 | $500,000 | 1 | $500,000 | $48,199 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work The Terawulf Charitable Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Terawulf Charitable Foundation's focus areas in our free grants database
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