The Wells Texas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $625K in total assets. In 2024, it awarded 3 grants totaling $19K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$625K
+36.6% YoY
Annual Giving
$19K
+18.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$6K
+18.8% YoY
Under IRS private-foundation payout rules, The Wells Texas Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About The Wells Texas Foundation
Based on IRS filings
The Wells Texas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $625K in total assets. In 2024, it awarded 3 grants totaling $19K. Net investment income was $18K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $624,890 | $457,295 | $95,718 |
| Revenue | $184,268 | $78,365 | $12,441 |
| Expenses | $19,550 | $16,000 | $9,325 |
| Qualifying Distributions | $19,000 | $16,825 | $9,325 |
| Net Investment Income | $18,398 | $15,365 | $12,441 |
| Distributable Amount | $20,423 | $19,719 | $17,257 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Texas at Austin College of Natural Sciences ($10,000), Tri Delta's Foundation ($6,000), Lutheran Education Association of Houston ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUTHERAN EDUCATION ASSOCIATION OF HOUSTON FRIENDSWOOD, TX | SCHOLARSHIP FUND | $3,000 |
| TRI DELTA'S FOUNDATION DALLAS, TX | ALUMNI SUPPORT | $6,000 |
| THE UNIVERSITY OF TEXAS AT AUSTIN COLLEGE OF NATURAL SCIENCES AUSTIN, TX | EDUCATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON BARRETT | DIRECTOR | 1 | — |
| KEN WELLS | PRESIDENT/TREASURER | 1 | — |
| STEPHANIE ROSENFELD | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wells Texas Foundation?
The Wells Texas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $625K in total assets as of 2024.
How large is The Wells Texas Foundation?
As of 2024, The Wells Texas Foundation holds $625K in total assets with $184K in annual revenue. It awarded 3 grants totaling $19K in 2024.
Where does The Wells Texas Foundation operate?
The Wells Texas Foundation has awarded grants in Texas.
What size grants does The Wells Texas Foundation award?
In 2024, The Wells Texas Foundation awarded 3 grants totaling $19K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Wells Texas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Wells Texas Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Wells Texas Foundation's EIN?
The Wells Texas Foundation's EIN (Employer Identification Number) is 76-0574582. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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