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The Wells Foundation

Private foundation · Grantmaker Louisville, KY EIN: 38-6157507 Website

The Wells Foundation is a private foundation based in Louisville, Kentucky. Its 2025 filing reports 15 grants totaling $212,500, with most grant dollars going to recipients in Kentucky.

Key facts about The Wells Foundation

In short: The Wells Foundation gave $213K across 15 grants in 2025 (avg $14K), mostly in Kentucky. 47% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
38-6157507
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$212,500
Grants made (2025)
15
Average grant
$14,167
Median grant
$7,500
New grantees (estimate)
47% first-time grantees (7 of 15, 2025)
Total assets
$6,091,506
Primary geography
Kentucky (93% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Full details ↓

Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6.1M

+1.3% YoY

Annual Giving

$213K

-49.1% YoY

Grant Count

15

+7.1% YoY

Avg Grant Size

$14K

-52.5% YoY

Under IRS private-foundation payout rules, The Wells Foundation reported a distributable amount of $293K for 2025 — the minimum it must pay out in qualifying distributions.

Is The Wells Foundation open to new grantees?

47%

first-time grantees, 2025

In 2025, 7 of 15 grantees (47%) were first-time recipients. First grants averaged $5K; repeat grants $23K. How we count

Medians: $5K first-time, $10K repeat.

  • 47% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (−6%). Method
  • In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for The Wells Foundation is provided. Its 2025 grants included support for arts and cultural organizations, schools, and other nonprofits. The Speed Art Museum describes its own mission as inviting everyone to celebrate art; Virginia Chance School describes its own work as educating children from ages 2 through 5th grade through a whole-child approach. River Fields says it works to protect and enhance natural and cultural resources along the Ohio River, and The Nicholson Project describes itself as an artist residency and neighborhood garden.

Grantmaking

In 2025, the foundation made 15 grants totaling $212,500. Grants ranged from $500 to $65,000, with a median grant of $7,500. Recent totals were $417,801 across 14 grants in 2024 and $301,600 across 17 grants in 2023.

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Geographic Focus

Where this funder awards grants

In 2025, 93% of grant dollars went to recipients in Kentucky. The remaining reported shares were Florida (4%), California (2%), Washington, DC (0%), and Virginia (0%).

Grant Distribution by State

9states

Share of 2025 grant dollars across all 15 itemized grants.

Cities

LouisvilleAlexandriaNorth Palm BeachPasadenaRochesterAlbileneArlingtonCrestwoodFrankfortMorrowNew YorkWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K12 grants2021 16 grants2022 17 grants2023 14 grants2024 15 grants2025

From 2021 to 2025, annual grant giving ranged from $177K (2021) to $418K (2024). In 2025 it made 15 grants totaling $213K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Holy Trinity: $65KHoly Trinity$65KSpeed Art Museum: $44KSpeed Art Museum$44KFilson Historical Society: $32KFilson Historical Society$32KCatholic Services Appeal: $10KCatholic Services Appeal$10KSacred Heart Academy Annual Fund: $10KSacred Heart Academy AnnualFund$10KSaint Xavier High School: $10KSaint Xavier High School$10KJunior Achievenment of Kentuckiana: $10KJunior Achievenment ofKentuckiana$10KLost Tree Foundation: $8KLost Tree Foundation$8KVirginia Chance School: $6KVirginia Chance School$6KGilda's Club: $5KGilda's Club$5K

The largest 2025 recipient was Holy Trinity ($65K). Together the top 10 received $200K.

Grant Size Distribution

74 grants across all recorded years

68<$50K2$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 68 grants of 74 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Holy Trinity Louisville, KYUnrestricted Gift$65,000
Speed Art Museum Louisville, KYUnrestricted Gift$44,000
Filson Historical Society Louisville, KYUnrestricted Gift$32,000
Catholic Services Appeal Louisville, KYUnrestricted Gift$10,000
Sacred Heart Academy Annual Fund Louisville, KYUnrestricted Gift$10,000
Saint Xavier High School Louisville, KYUnrestricted Gift$10,000
Junior Achievenment of Kentuckiana Louisville, KYUnrestricted Gift$10,000
Lost Tree Foundation North Palm Beach, FLUnrestricted Gift$7,500
Virginia Chance School Louisville, KYUnrestricted Gift$6,000
Gilda's Club Louisville, KYUnrestricted Gift$5,000

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Number of grants
2025 $212,500 15
2024 $417,801 14
2023 $301,600 17
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$6,091,506$6,011,858$6,080,886
Revenue$302,818$356,226$182,258
Expenses$223,142$426,344$311,143
Qualifying Distributions$212,500$417,801$301,600
Net Investment Income$292,176$347,683$173,317
Distributable Amount$292,570$320,706$319,300

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2021 (received by the IRS December 23, 2021)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS December 12, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 9, 2023)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS December 13, 2024)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS September 30, 2025)
  6. IRS filings on file for fiscal years 2022–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Ann Wells and Darrell Wells as directors.

The Wells Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ann Wells

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Darrell Wells

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 4350 Brownsboro Road 310, Louisville, KY 40207
Phone: (502) 893-4215
Website: https://wellsinternationalfoundation.org

Frequently asked questions about The Wells Foundation

How much does The Wells Foundation give each year?

The Wells Foundation gave $213K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $418K across 14 grants.

What is The Wells Foundation's typical grant size?

The Wells Foundation's median grant in 2025 was $7,500, and its average grant was $14,167, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Wells Foundation that year got $5K on average.

Where does The Wells Foundation give grants?

The Wells Foundation gives mostly in Kentucky: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Louisville, KY (11 grants).

Does The Wells Foundation give general operating support?

Yes: 100% of The Wells Foundation's 2025 grants with a stated purpose (15 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are The Wells Foundation's largest grantees?

The Wells Foundation's largest 2025 grantees include Holy Trinity ($65,000), Speed Art Museum ($44,000) and Filson Historical Society ($32,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.

How large is The Wells Foundation?

The Wells Foundation reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $213K in qualifying distributions that year, against a required minimum of $293K (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 does The Wells Foundation fund?

No mission statement for The Wells Foundation is provided. Its 2025 grants included support for arts and cultural organizations, schools, and other nonprofits. See mission & focus areas ↑

How do I apply for a grant from The Wells Foundation?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is The Wells Foundation's EIN?

The Wells Foundation's EIN (Employer Identification Number) is 38-6157507. IRS Form 990 filing data is available on this page for 2021–2025.

Does The Wells Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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