The Will Group Foundation Inc is a private foundation focused on Education, based in Frederick, MD. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 16 grants totaling $87K. Net investment income was $90K.
Key facts about The Will Group Foundation Inc
- EIN
- 30-0012378
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $87,000
- Grants made (2024)
- 16
- Average grant
- $5,438
- Median grant
- $1,975
- Total assets
- $1,000,646
- Primary geography
- Maryland (88% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Will Group Foundation Inc funds
By grant dollars, the top recipient states for The Will Group Foundation Inc's 16 itemized 2024 grants were Maryland (88%) and Texas (11%). The most frequent recipient cities were Frederick, MD (8 grants). None of its 16 grants with a stated purpose were described as general or operating support.
How The Will Group Foundation Inc gives
- In 2024 it paid out 184% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Will Group Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+11.1% YoY
Annual Giving
$87K
Grant Count
16
Avg Grant Size
$5K
Under IRS private-foundation payout rules, The Will Group Foundation Inc reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About The Will Group Foundation Inc
Based on IRS filings
The Will Group Foundation Inc is a private foundation focused on Education, based in Frederick, MD. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 16 grants totaling $87K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,000,646 | $900,680 | $761,685 |
| Revenue | $147,540 | $96,944 | $50,275 |
| Expenses | $88,372 | $66,686 | $69,578 |
| Qualifying Distributions | $87,000 | — | — |
| Net Investment Income | $90,168 | $41,749 | $41,775 |
| Distributable Amount | $47,200 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
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
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Asian American Center of Frederick ($30,000), Mental Health Association ($10,000), The Frederick Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIAN AMERICAN CENTER OF FREDERICK Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $30,000 |
| MENTAL HEALTH ASSOCIATION Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $10,000 |
| THE FREDERICK CENTER Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $10,000 |
| THE SAFE RIDE FOUNDATION Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $10,000 |
| HUMAN TRAFFICKING INSTITUTE Dallas, TX | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $10,000 |
| SUPPORTING OLDER ADULTS THROUGH RESOURCES(SOAR) Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $5,000 |
| OPERATION SECOND CHANCE Germantown, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $5,000 |
| SLEEP IN HEAVENLY PEACE FREDERICK CHAPTER Monrovia, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $2,250 |
| BOYS AND GIRLS CLUB OF FREDERICK COUNTY Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $1,700 |
| WOMEN'S GIVING CIRCLE Frederick, MD | TO SUPPORT THE ORGANIZATION'S MISSION, PROGRAMS, EVENTS AND OPERATIONS | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Beth Strakonsky | Secretary | 2 | — |
| Charles Remus II | President | 2 | — |
| Cynthia Palmer | Treasurer | 2 | — |
| Kimberly Chaney | Vice President | 2 | — |
| Jill Lizza | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Will Group Foundation Inc?
The Will Group Foundation Inc is a private foundation focused on Education, based in Frederick, MD. It holds $1.0M in total assets as of 2024.
How large is The Will Group Foundation Inc?
As of 2024, The Will Group Foundation Inc holds $1.0M in total assets with $148K in annual revenue. It awarded 16 grants totaling $87K in 2024.
Where does The Will Group Foundation Inc operate?
The Will Group Foundation Inc has awarded grants in Illinois, Maryland, Texas.
What size grants does The Will Group Foundation Inc award?
In 2024, The Will Group Foundation Inc awarded 16 grants totaling $87K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Will Group Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Will Group Foundation Inc reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Will Group Foundation Inc's EIN?
The Will Group Foundation Inc's EIN (Employer Identification Number) is 30-0012378. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.