The Wales Family Foundation
The Wales Family Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $29K.
The Wales Family Foundation at a glance
In short: The Wales Family Foundation gave $13K across 2 grants in 2024 (avg $6K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,500
- Grants made (2024)
- 2
- Average grant
- $6,250
- Median grant
- $6,250
- Total assets
- $327,395
- +4.3% vs 2023
- Primary geography
- Texas (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 Wales Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Salesmanship Club of Dallas ($7K). Together the top 2 received $13K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 15 grants of 16 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How The Wales Family Foundation gives
- Giving fell 49% from 2021 to 2024. Method
- In 2024 it paid out 84% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $13K (2024) to $813K (2022). In 2024 it made 2 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Salesmanship Club of Dallas Dallas, TX | Charitable Gift | $6,500 |
| Jordan Spieth Family Foundation Dallas, TX | Charitable Gift | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $327,395 | $33,012 | $19,557 | $12,500 | 2 | $12,500 | $29,155 | $14,839 |
| 2023 | $313,940 | $31,105 | $30,770 | — | — | — | $26,789 | $14,247 |
| 2022 | $313,605 | $355,023 | $820,936 | $813,020 | 3 | $813,020 | $264,703 | $11,766 |
| 2021 | $779,518 | $52,018 | $45,244 | $24,400 | 7 | $24,400 | $59,571 | $51,602 |
| 2020 | $805,032 | $66,587 | $39,016 | $18,250 | 4 | — | $33,794 | $50,031 |
Under IRS private-foundation payout rules, The Wales Family Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Wales Family Foundation is led by James R. Wales, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
James R. Wales
President
On filings since 2020
No compensation reported
Loretta M. Wales
Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Greg Mattlage (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Wales Family Foundation
How much does The Wales Family Foundation give each year?
The Wales Family Foundation gave $13K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is The Wales Family Foundation?
The Wales Family Foundation reported $327K in total assets on its 2024 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Wales Family Foundation operate?
The Wales Family Foundation has awarded grants in Florida, North Carolina, Texas.
What is The Wales Family Foundation's EIN?
The Wales Family Foundation's EIN (Employer Identification Number) is 46-4080656. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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