W Michael & Susan Wells Foundation Inc
W Michael & Susan Wells Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 4 grants totaling $11K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$176K
-2.3% YoY
Annual Giving
$11K
+9.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$3K
-17.7% YoY
Under IRS private-foundation payout rules, W Michael & Susan Wells Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About W Michael & Susan Wells Foundation Inc
Based on IRS filings
W Michael & Susan Wells Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 4 grants totaling $11K. Net investment income was $7K.
Focus Areas
Ready to take the next step with W Michael & Susan Wells Foundation Inc?
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 | $176,258 | $180,359 | $185,911 |
| Revenue | $8,347 | $8,073 | $33,440 |
| Expenses | $12,448 | $13,625 | $2,017 |
| Qualifying Distributions | $12,350 | $11,300 | $1,950 |
| Net Investment Income | $7,247 | $7,041 | $32,490 |
| Distributable Amount | $10,759 | $9,348 | $8,830 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Great American Songbook Foundation ($5,000), Center for the Performing Arts ($3,750), Goodwill of Central & Southern Indiana ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR THE PERFORMING ARTS CARMEL, IN | GENERAL FUND | $3,750 |
| GOODWILL OF CENTRAL & SOUTHERN INDIANA INDIANAPOLIS, IN | GENERAL FUND | $1,500 |
| GREAT AMERICAN SONGBOOK FOUNDATION CARMEL, IN | GENERAL FUND | $5,000 |
| WHEELER MISSION INDIANAPOLIS, IN | GENERAL FUND | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W MICHAEL WELLS | PRESIDENT/DIRECTOR | 0.1 | — |
| SUSAN L WELLS | SECRETARY/TREASURER/DIRECTOR | 0.1 | — |
| JEFFREY WELLS | DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is W Michael & Susan Wells Foundation Inc?
W Michael & Susan Wells Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. It holds $176K in total assets as of 2024.
How large is W Michael & Susan Wells Foundation Inc?
As of 2024, W Michael & Susan Wells Foundation Inc holds $176K in total assets with $8K in annual revenue. It awarded 4 grants totaling $11K in 2024.
Where does W Michael & Susan Wells Foundation Inc operate?
W Michael & Susan Wells Foundation Inc has awarded grants in Indiana.
What size grants does W Michael & Susan Wells Foundation Inc award?
In 2024, W Michael & Susan Wells Foundation Inc awarded 4 grants totaling $11K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is W Michael & Susan Wells Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W Michael & Susan Wells Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W Michael & Susan Wells Foundation Inc's EIN?
W Michael & Susan Wells Foundation Inc's EIN (Employer Identification Number) is 35-2088790. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in W Michael & Susan Wells Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
United Way of Central Indiana Inc
INDIANAPOLIS, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
Central Indiana Community Foundation Inc
INDIANAPOLIS, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
The R B Annis Educational Foundation
FISHERS, IN
Assets
$14.3M
Grants
38
Total Given
$1.0M
Maurer Family Foundation Inc
CARMEL, IN
Assets
$878K
Grants
80
Total Given
$144K
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Ge Aerospace Foundation
NORWALK, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Hamilton County Community Foundation Inc
FISHERS, IN
Assets
$129.3M
Grants
169
Total Given
$7.3M
Hamilton County Tourism Inc
CARMEL, IN
Assets
$5.6M
Grants
16
Total Given
$1.0M
Community Foundation of Southern
NEW ALBANY, IN
Assets
$149.1M
Grants
52
Total Given
$5.6M
Heart of Indiana United Way Inc
MUNCIE, IN
Assets
$5.2M
Grants
37
Total Given
$650K
The Greater Cincinnati Foundation
CINCINNATI, OH
Assets
$1.0B
Grants
1,408
Total Given
$184.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with W Michael & Susan Wells Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching W Michael & Susan Wells Foundation Inc to a real strategy.