The Wells Texas Foundation
The Wells Texas Foundation is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $605K in total assets. In 2025, it awarded 4 grants totaling $20K. Net investment income was $25K.
The Wells Texas Foundation at a glance
In short: The Wells Texas Foundation gave $20K across 4 grants in 2025 (avg $5K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,268
- +6.7% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $5,067
- -20.0% vs 2024
- Median grant
- $5,134
- Total assets
- $604,756
- -3.2% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Wells Texas Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Lady Bird Johnson Wildflower Center ($8K). Together the top 4 received $20K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The Wells Texas Foundation gives
- Giving grew 138% from 2022 to 2025. Method
- In 2025 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9K (2022) to $20K (2025). In 2025 it made 4 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lady Bird Johnson Wildflower Center Austin, TX | Support | $8,000 |
| UT Marine Science Institute Port Aransas, TX | Education | $8,000 |
| Casner Christina Academy Austin, TX | Education | $2,268 |
| Rockport Volunteer Fire Department Rockport, TX | Support | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $604,756 | $25,211 | $22,468 | $20,268 | 4 | $22,468 | $25,211 | $27,401 |
| 2024 | $624,890 | $184,268 | $19,550 | $19,000 | 3 | $19,000 | $18,398 | $20,423 |
| 2023 | $457,295 | $78,365 | $16,000 | $16,000 | 3 | $16,825 | $15,365 | $19,719 |
| 2022 | $95,718 | $12,441 | $9,325 | $8,500 | 1 | $9,325 | $12,441 | $17,257 |
| 2021 | $92,602 | $11,580 | $10,750 | $10,000 | 1 | $10,750 | $11,580 | $11,092 |
| 2020 | $91,772 | $12,716 | $12,095 | $11,100 | 1 | — | $11,216 | $8,760 |
Under IRS private-foundation payout rules, The Wells Texas Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Wells Texas Foundation is led by Ken Wells, President & Treasurer on every filing since 2022; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ken Wells
President & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Sharon Wells Barrett
Director
On filings since 2020
1 hr/week
No compensation reported
Stephanie L. Rosenfeld
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (4)
- Former: Sybil Wells (2022) — Vice President & Secretary
- Former: David K. Wells (2020–2021) — Director
- Former: Kenneth F. Wells (2020–2021) — President & Treasurer
- Former: Sibyl R. Wells (2020–2021) — Vice President & Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Wells Texas Foundation
How much does The Wells Texas Foundation give each year?
The Wells Texas Foundation gave $20K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $19K across 3 grants.
What is The Wells Texas Foundation's typical grant size?
The Wells Texas Foundation's median grant in 2025 was $5,134, and its average grant was $5,067, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Wells Texas Foundation give grants?
The Wells Texas Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Austin, TX (2 grants).
Does The Wells Texas Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Wells Texas Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Wells Texas Foundation?
The Wells Texas Foundation reported $605K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $27K (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 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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
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