W Michael & Susan Wells Foundation Inc
W Michael & Susan Wells Foundation Inc is a private foundation, based in Noblesville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $168K in total assets. In 2025, it awarded 5 grants totaling $15K. Net investment income was $6K.
W Michael & Susan Wells Foundation Inc at a glance
In short: W Michael & Susan Wells Foundation Inc gave $15K across 5 grants in 2025 (avg $3K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,500
- +28.9% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $2,900
- +3.1% vs 2024
- Median grant
- $2,750
- Total assets
- $167,925
- -4.7% vs 2024
- Primary geography
- Indiana (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 W Michael & Susan Wells Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Great American Songbook Foundation ($5K). Together the top 5 received $15K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How W Michael & Susan Wells Foundation Inc gives
- Giving grew 1350% from 2022 to 2025. Method
- In 2025 it paid out 119% 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 2021 to 2025, annual grant giving ranged from $1K (2022) to $15K (2025). In 2025 it made 5 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Great American Songbook Foundation Carmel, IN | General Fund | $5,000 |
| Center for the Performing Arts Carmel, IN | General Fund | $3,750 |
| Goodwill of Central & Southern Indiana Indianapolis, IN | General Fund | $2,750 |
| Gleaners Food Bank Indianapolis, IN | General Fund | $2,000 |
| Wheeler Mission Indianapolis, IN | General Fund | $1,000 |
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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 | $167,925 | $7,468 | $15,801 | $14,500 | 5 | $15,700 | $6,268 | $13,146 |
| 2024 | $176,258 | $8,347 | $12,448 | $11,250 | 4 | $12,350 | $7,247 | $10,759 |
| 2023 | $180,359 | $8,073 | $13,625 | $10,250 | 3 | $11,300 | $7,041 | $9,348 |
| 2022 | $185,911 | $33,440 | $2,017 | $1,000 | 1 | $1,950 | $32,490 | $8,830 |
| 2021 | $154,488 | $4,875 | $9,465 | $8,500 | 4 | $8,500 | $4,808 | $9,984 |
| 2020 | $159,078 | $4,850 | $1,921 | — | — | — | $4,850 | $8,236 |
Under IRS private-foundation payout rules, W Michael & Susan Wells Foundation Inc reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
W Michael & Susan Wells Foundation Inc is led by W. Michael Wells, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
W. Michael Wells
President & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Jeffrey Wells
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Susan L. Wells
Secretary, Treasurer & Director
On filings since 2020
0.1 hrs/week
No compensation reported
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 W Michael & Susan Wells Foundation Inc
How much does W Michael & Susan Wells Foundation Inc give each year?
W Michael & Susan Wells Foundation Inc gave $15K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 4 grants.
What is W Michael & Susan Wells Foundation Inc's typical grant size?
W Michael & Susan Wells Foundation Inc's median grant in 2025 was $2,750, and its average grant was $2,900, across 5 grants on its 2025 IRS Form 990-PF.
Where does W Michael & Susan Wells Foundation Inc give grants?
W Michael & Susan Wells Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (3 grants) and Carmel, IN (2 grants).
Does W Michael & Susan Wells Foundation Inc give general operating support?
Yes: 100% of W Michael & Susan Wells Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are W Michael & Susan Wells Foundation Inc's largest grantees?
W Michael & Susan Wells Foundation Inc's largest 2025 grantees include Great American Songbook Foundation ($5,000), Center for the Performing Arts ($3,750) and Goodwill of Central & Southern Indiana ($2,750), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is W Michael & Susan Wells Foundation Inc?
W Michael & Susan Wells Foundation Inc reported $168K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
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 2020–2025.
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 May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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