The Wellons Family Foundation
The Wellons Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 15 grants totaling $36K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+13.8% YoY
Annual Giving
$36K
-43.6% YoY
Grant Count
15
+7.1% YoY
Avg Grant Size
$2K
-47.4% YoY
Under IRS private-foundation payout rules, The Wellons Family Foundation reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.
About The Wellons Family Foundation
Based on IRS filings
The Wellons Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 15 grants totaling $36K. Net investment income was $25K.
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 | $2,594,194 | $2,278,850 | $2,268,924 |
| Revenue | $367,765 | $87,239 | $93,257 |
| Expenses | $52,329 | $76,886 | $51,583 |
| Qualifying Distributions | $36,110 | $64,041 | $39,880 |
| Net Investment Income | $24,757 | $6,675 | $30,753 |
| Distributable Amount | $107,687 | $54,205 | $71,243 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Glad Tidings Church ($21,480), The Miriam ($3,600), Martha's Mission Cupboard Inc ($2,400).
| Recipient | Purpose | Amount |
|---|---|---|
| GLAD TIDINGS CHURCH MOREHEAD CITY, NC | GENERAL FUND | $21,480 |
| EMMANUEL COLLEGE FRANKLIN SPRINGS, GA | GENERAL FUND | $1,750 |
| MISCELLANEOUS MOREHEAD CITY, NC | GENERAL | $30 |
| FELLOWSHIP OF CHRISTIAN ATHLETES MOREHEAD CITY, NC | GENERAL | $1,000 |
| CRYSTAL COAST HOSPICE HOUSE NEWPORT, NC | GENERAL | $500 |
| MARTHA'S MISSION CUPBOARD INC MOREHEAD CITY, NC | MISSION | $2,400 |
| BOYS ABD GIRLS CLUB WINTERVILLE, NC | GENERAL | $1,000 |
| CRAVEN MESSIAH CHOURS INC NEW BERN, NC | GENERAL | $150 |
| THE MIRIAM MOREHEAD CITY, NC | GENERAL | $3,600 |
| FALCON CHILDREN'S HOME FALCON, NC | GENERAL | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM H MOORE | EXECUTIVE DI | 1 | — |
| GAYE WELLONS MASHBURN | PRESIDENT | 1 | — |
| JOY W MOORE | SECRETARY/TR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wellons Family Foundation?
The Wellons Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. It holds $2.6M in total assets as of 2024.
How large is The Wellons Family Foundation?
As of 2024, The Wellons Family Foundation holds $2.6M in total assets with $368K in annual revenue. It awarded 15 grants totaling $36K in 2024.
Where does The Wellons Family Foundation operate?
The Wellons Family Foundation has awarded grants in Colorado, Georgia, North Carolina, Oklahoma, Virginia.
What size grants does The Wellons Family Foundation award?
In 2024, The Wellons Family Foundation awarded 15 grants totaling $36K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Wellons Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Wellons Family Foundation reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Wellons Family Foundation's EIN?
The Wellons Family Foundation's EIN (Employer Identification Number) is 56-2190192. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Wellons 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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