The Way Charitable Foundation
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.
The Way Charitable Foundation at a glance
In short: The Way Charitable Foundation gave $40K across 3 grants in 2025 (avg $13K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- -55.6% vs 2024
- Grants made (2025)
- 3
- -50.0% vs 2024
- Average grant
- $13,333
- -11.1% vs 2024
- Median grant
- $10,000
- Total assets
- $141,894
- -16.0% vs 2024
- Primary geography
- Arizona (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Way Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
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
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $40K (2025) to $108K (2023). In 2025 it made 3 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Whitman College Board of Trustees Walla Walla, WA | In support of Harvey Hall | $20,000 |
| Arizona Citizens for the Arts Phoenix, AZ | General & Unrestricted | $10,000 |
| The Nature Convservancy Phoenix, AZ | Unrestricted Funds - Arizona Chapter | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $141,894 | $19,808 | $46,886 | $40,000 | 3 | $45,344 | $19,808 | $47,662 |
| 2024 | $168,972 | $100,858 | $96,410 | $90,000 | 6 | $95,214 | $110,941 | $56,837 |
| 2023 | $164,524 | $96,640 | $113,371 | $107,775 | 6 | $112,863 | $107,632 | $54,860 |
| 2022 | $181,255 | $14,993 | $5,211 | — | — | $5,025 | $14,993 | $55,770 |
| 2021 | $171,473 | $13,393 | $5,195 | — | — | $5,025 | $13,393 | $57,695 |
| 2020 | $163,275 | $12,201 | $5,106 | — | — | — | $12,201 | $39,503 |
| 2019 | $156,180 | $8,416 | $5,025 | — | — | — | $8,416 | $33,882 |
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.
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.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 10, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work The Way Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Way Charitable Foundation's focus areas in our free grants database
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