Trust Under Will of B J Wade
Trust Under Will of B J Wade is a private foundation, based in Memphis, TN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $447K in total assets. In 2024, it awarded 6 grants totaling $598K. Net investment income was $342K.
Trust Under Will of B J Wade at a glance
In short: Trust Under Will of B J Wade gave $598K across 6 grants in 2024 (avg $100K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $598,277
- +161.6% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $99,713
- +30.8% vs 2023
- Median grant
- $113,365
- Total assets
- $446,561
- -38.6% vs 2023
- Primary geography
- Tennessee (53% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Trust Under Will of B J Wade funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Baptist Memorial Hospital - Union City ($299K across 2 grants). Together the top 3 received $598K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Trust Under Will of B J Wade gives
- In 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). 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 2023 to 2024, annual grant giving ranged from $229K (2023) to $598K (2024). In 2024 it made 6 grants totaling $598K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baptist Memorial Hospital - Union City Union City, TN | Healthcare | $181,869 |
| Dunlap Orphanage the ARP Center Greenville, SC | Care for Vulnerable Youth | $169,757 |
| Baptist Memorial Hospital - Union City Union City, TN | Healthcare | $117,270 |
| Dunlap Orphanage the ARP Center Greenville, SC | Care for Vulnerable Youth | $109,459 |
| Rives Union Church Union City, TN | Religion | $12,112 |
| Rives Union Church Union City, TN | Religion | $7,810 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $446,561 | $398,918 | $679,616 | $598,277 | 6 | $611,889 | $341,526 | $439,722 |
| 2023 | $727,259 | $277,509 | $282,165 | $228,731 | 3 | $242,381 | $237,725 | $423,945 |
| 2022 | $732,141 | $269,334 | $40,867 | — | — | $13,229 | $241,759 | $383,876 |
Under IRS private-foundation payout rules, Trust Under Will of B J Wade reported a distributable amount of $440K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Trust Under Will of B J Wade's only listed officer is First Horizon Bank, Trustee on every filing since 2022 (compensated).
Officers on the 2024 filing
First Horizon Bank
Trustee
On filings since 2022
2 hrs/week
$26K (2022) → $27K (2024)
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $27K, to First Horizon Bank (Trustee).
Frequently asked questions about Trust Under Will of B J Wade
How much does Trust Under Will of B J Wade give each year?
Trust Under Will of B J Wade gave $598K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $229K across 3 grants.
What is Trust Under Will of B J Wade's typical grant size?
Trust Under Will of B J Wade's median grant in 2024 was $113,365, and its average grant was $99,713, across 6 grants on its 2024 IRS Form 990-PF.
Where does Trust Under Will of B J Wade give grants?
Trust Under Will of B J Wade gives mostly in Tennessee: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (47%). The most frequent recipient cities were Union City, TN (4 grants) and Greenville, SC (2 grants).
Does Trust Under Will of B J Wade give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Trust Under Will of B J Wade's 2024 IRS Form 990-PF were described as general or operating support.
Who are Trust Under Will of B J Wade's largest grantees?
Trust Under Will of B J Wade's largest 2024 grantees include Baptist Memorial Hospital - Union City ($299,139 across 2 grants), Dunlap Orphanage the ARP Center ($279,216 across 2 grants) and Rives Union Church ($19,922 across 2 grants), according to its 2024 IRS Form 990-PF.
How large is Trust Under Will of B J Wade?
Trust Under Will of B J Wade reported $447K in total assets on its 2024 IRS Form 990-PF. It paid out $612K in qualifying distributions that year, against a required minimum of $440K (roughly 5% of its investment assets).
What is Trust Under Will of B J Wade's EIN?
Trust Under Will of B J Wade's EIN (Employer Identification Number) is 62-6040797. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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