The Well Foundation is a private foundation focused on Religion Related, 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.
Key facts about The Well Foundation
- EIN
- 84-3960620
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $87,000
- Grants made (2024)
- 5
- Average grant
- $17,400
- Median grant
- $15,215
- Total assets
- $916,658
- Primary geography
- Colorado (58% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Well Foundation funds
By grant dollars, the top recipient states for The Well Foundation's 5 itemized 2024 grants were Colorado (58%), Virginia (18%) and Missouri (14%). The most frequent recipient cities were Colorado Springs, CO (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.
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.
Next steps with The Well Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$917K
+20.6% YoY
Annual Giving
$87K
+19.8% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$17K
-4.2% YoY
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.
About The Well Foundation
Based on IRS filings
The Well Foundation is a private foundation focused on Religion Related, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $916,658 | $760,052 | $656,615 |
| Revenue | $469,135 | $187,369 | $393,295 |
| Expenses | $168,840 | $85,861 | $17,687 |
| Qualifying Distributions | $112,046 | $76,417 | $8,500 |
| Net Investment Income | $88,219 | $918 | $156,528 |
| Distributable Amount | $51,866 | $40,124 | $34,413 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Young Life ($35,000), International Justice Mission ($15,285), Compassion International ($15,215).
| 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 |
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.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Well Foundation?
The Well Foundation is a private foundation focused on Religion Related, based in Austin, TX. It holds $917K in total assets as of 2024.
How large is The Well Foundation?
As of 2024, The Well Foundation holds $917K in total assets with $469K in annual revenue. It awarded 5 grants totaling $87K in 2024.
Where does The Well Foundation operate?
The Well Foundation has awarded grants in Arizona, Colorado, Georgia, Missouri, Tennessee, Texas, Virginia, Washington.
What size grants does The Well Foundation award?
In 2024, The Well Foundation awarded 5 grants totaling $87K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is The Well Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Well Foundation reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.