The Wellman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $94K in total assets. In 2024, it awarded 7 grants totaling $6K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$94K
-0.8% YoY
Annual Giving
$6K
+12.3% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$802.143
-84.0% YoY
Under IRS private-foundation payout rules, The Wellman Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About The Wellman Family Foundation
Based on IRS filings
The Wellman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $94K in total assets. In 2024, it awarded 7 grants totaling $6K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $94,096 | $94,815 | $100,028 |
| Revenue | $6,006 | $988 | $-76 |
| Expenses | $6,725 | $6,201 | $29,281 |
| Qualifying Distributions | $5,855 | $5,450 | $28,568 |
| Net Investment Income | $3,735 | — | — |
| Distributable Amount | $4,687 | $4,910 | $6,196 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 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 include Oberlin Magnet Middle School ($4,000), Tunnel to Tower Foundation ($1,050), Spca Tampa Bay ($360).
| Recipient | Purpose | Amount |
|---|---|---|
| TUNNEL TO TOWER FOUNDATION STATEN ISLAND, NY | CHARITABLE | $1,050 |
| SPCA OF WAKE COUNTY RALEIGH, NC | CHARITABLE | $110 |
| AMERICAN HEART ASSOCIATION DURHAM, NC | CHARITABLE | $55 |
| SPCA TAMPA BAY LARGO, FL | CHARITABLE | $360 |
| OBERLIN MAGNET MIDDLE SCHOOL RALEIGH, NC | EDUCATIONAL | $4,000 |
| AMERICAN CANCER SOCIETY RALEIGH, NC | CHARITABLE | $25 |
| VETERANS OF FOREIGN WARS RALEIGH, NC | CHARITABLE | $15 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| F SELBY WELLMAN JR | PRESIDENT | 0.5 | — |
| DONNA BIAS WELLMAN | V.P. & SEC | 0.5 | — |
| BRENT ALAN WELLMAN | V.P. | 0.5 | — |
| BRIAN ASHLEY WELLMAN | V.P. | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wellman Family Foundation?
The Wellman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $94K in total assets as of 2024.
How large is The Wellman Family Foundation?
As of 2024, The Wellman Family Foundation holds $94K in total assets with $6K in annual revenue. It awarded 7 grants totaling $6K in 2024.
Where does The Wellman Family Foundation operate?
The Wellman Family Foundation has awarded grants in Florida, Idaho, North Carolina, New York, Texas, West Virginia.
What size grants does The Wellman Family Foundation award?
In 2024, The Wellman Family Foundation awarded 7 grants totaling $6K — an average of about $802.143 per grant, based on its IRS Form 990 filings.
How much is The Wellman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Wellman Family Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Wellman Family Foundation's EIN?
The Wellman Family Foundation's EIN (Employer Identification Number) is 56-2210377. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Wellman Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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