The Way Charitable Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 27-1961526

The Way Charitable Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $142K in total assets. In 2025, it awarded 3 grants totaling $40K. Net investment income was $20K.

Key facts about The Way Charitable Foundation

In short: The Way Charitable Foundation gave $40K across 3 grants in 2025 (avg $13K), mostly in Arizona. Source: 2025 IRS Form 990-PF.

EIN
27-1961526
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$40,000
Grants made (2025)
3
Average grant
$13,333
Median grant
$10,000
Total assets
$141,894
Primary geography
Arizona (50% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$142K

-16.0% YoY

Annual Giving

$40K

-55.6% YoY

Grant Count

3

-50.0% YoY

Avg Grant Size

$13K

-11.1% YoY

Under IRS private-foundation payout rules, The Way Charitable Foundation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.

How The Way Charitable Foundation gives

  • In 2025 it paid out 95% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

PhoenixWalla WallaMesaSan FranciscoShoreline

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2019 0 grants2020 0 grants2021 0 grants2022 6 grants2023 6 grants2024 3 grants2025

From 2023 to 2025, annual grant giving ranged from $40K (2025) to $108K (2023). In 2025 it made 3 grants totaling $40K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Whitman College Board of Trustees: $20KWhitman College Board ofTrustees$20KArizona Citizens for the Arts: $10KArizona Citizens for the Arts$10KThe Nature Convservancy: $10KThe Nature Convservancy$10K

The largest 2025 recipient was Whitman College Board of Trustees ($20K). Together the top 3 received $40K.

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Whitman College Board of Trustees Walla Walla, WAIn support of Harvey Hall$20,000
Arizona Citizens for the Arts Phoenix, AZGeneral & Unrestricted$10,000
The Nature Convservancy Phoenix, AZUnrestricted Funds - Arizona Chapter$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$141,894$168,972$164,524
Revenue$19,808$100,858$96,640
Expenses$46,886$96,410$113,371
Qualifying Distributions$45,344$95,214$112,863
Net Investment Income$19,808$110,941$107,632
Distributable Amount$47,662$56,837$54,860

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 23, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 10, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

The Way Charitable Foundation is led by William G Way, President, Director & Secretary on every filing since 2019; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • William G Way

    President, Director & Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Mary Alexander Coleman Way

    Vice President, Vice President & Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • John Griffith Way

    Vice President

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Patricia Shields Way

    Vice President

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 Way Charitable Foundation

How much does The Way Charitable Foundation give each year?

The Way Charitable Foundation gave $40K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $90K across 6 grants.

What is The Way Charitable Foundation's typical grant size?

The Way Charitable Foundation's median grant in 2025 was $10,000, and its average grant was $13,333, across 3 grants on its 2025 IRS Form 990-PF.

Where does The Way Charitable Foundation give grants?

The Way Charitable Foundation gives mostly in Arizona: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Washington (50%). The most frequent recipient cities were Phoenix, AZ (2 grants).

Does The Way Charitable Foundation give general operating support?

Yes: 67% of The Way Charitable Foundation's 2025 grants with a stated purpose (2 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is The Way Charitable Foundation?

The Way Charitable Foundation reported $142K in total assets on its 2025 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $48K (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.

What is The Way Charitable Foundation's EIN?

The Way Charitable Foundation's EIN (Employer Identification Number) is 27-1961526. IRS Form 990 filing data is available on this page for 2019–2025.

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

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