The Well Foundation
The Well Foundation is a private foundation focused on religion, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $917K in total assets. In 2024, it awarded 5 grants totaling $87K. Net investment income was $88K.
The Well Foundation at a glance
In short: The Well Foundation gave $87K across 5 grants in 2024 (avg $17K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $87,000
- +19.8% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $17,400
- -4.2% vs 2023
- Median grant
- $15,215
- Total assets
- $916,658
- +20.6% vs 2023
- Primary geography
- Colorado (58% 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 Well Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Young Life ($35K). Together the top 5 received $87K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Well Foundation gives
- Giving grew 56% from 2021 to 2024. Method
- In 2024 it paid out 216% 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 2020 to 2024, annual grant giving ranged from $9K (2022) to $87K (2024). In 2024 it made 5 grants totaling $87K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Young Life Colorado Springs, CO | Supporting Young Childern and Students | $35,000 |
| International Justice Mission Arlington, VA | Supporting Children Who've Been Exploited | $15,285 |
| Compassion International Colorado Springs, CO | Supporting Children Lived in Poverty | $15,215 |
| Fellowship of Christian Athletes Kansas City, MO | Supporting Fellowship of Athletes | $12,000 |
| Rescuefreedom International Kirkland, WA | Supporting the Fight Against Humen Trafficking | $9,500 |
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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 | $916,658 | $469,135 | $168,840 | $87,000 | 5 | $112,046 | $88,219 | $51,866 |
| 2023 | $760,052 | $187,369 | $85,861 | $72,625 | 4 | $76,417 | $918 | $40,124 |
| 2022 | $656,615 | $393,295 | $17,687 | $8,500 | 2 | $8,500 | $156,528 | $34,413 |
| 2021 | $486,045 | $241,030 | $59,972 | $55,759 | 3 | $55,759 | $61,590 | $28,781 |
| 2020 | $335,949 | $197,758 | $32,592 | $30,375 | 2 | — | $46,301 | $17,296 |
Under IRS private-foundation payout rules, The Well Foundation reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Well Foundation is led by Dustin Cole Hopkins, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dustin Cole Hopkins
President
On filings since 2020
1 hr/week
No compensation reported
Andrew Macdonald
Director
On filings since 2020
1 hr/week
No compensation reported
Gabrielle Renee Hopkins
Treasurer
On filings since 2020
1 hr/week
No compensation reported
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 Well Foundation
How much does The Well Foundation give each year?
The Well Foundation gave $87K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $73K across 4 grants.
What is The Well Foundation's typical grant size?
The Well Foundation's median grant in 2024 was $15,215, and its average grant was $17,400, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Well Foundation give grants?
The Well Foundation gives mostly in Colorado: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Virginia (18%) and Missouri (14%). The most frequent recipient cities were Colorado Springs, CO (2 grants).
Does The Well Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on The Well Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Well Foundation's largest grantees?
The Well Foundation's largest 2024 grantees include Young Life ($35,000), International Justice Mission ($15,285) and Compassion International ($15,215), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is The Well Foundation?
The Well Foundation reported $917K in total assets on its 2024 IRS Form 990-PF. It paid out $112K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).
What is The Well Foundation?
The Well Foundation is a private foundation focused on religion, based in Austin, TX. It holds $917K in total assets as of 2024.
What is The Well Foundation's EIN?
The Well Foundation's EIN (Employer Identification Number) is 84-3960620. 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
Live grants for the work The Well Foundation funds
Religion Related Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Well Foundation's focus areas in our free grants database
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