W S Wellons Foundation
W S Wellons Foundation is a private foundation, based in Spring Lake, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $350K in total assets. In 2024, it awarded 3 grants totaling $5K. Net investment income was $39K.
Key facts about W S Wellons Foundation
- EIN
- 58-1537766
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,500
- Grants made (2024)
- 3
- Average grant
- $1,500
- Median grant
- $1,000
- Total assets
- $349,979
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who W S Wellons Foundation funds
By grant dollars, the top recipient states for W S Wellons Foundation's 3 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Fayetteville, NC (2 grants). 33% of grants with a stated purpose were for general or operating support.
How W S Wellons Foundation gives
- Giving fell 77% from 2021 to 2024. Method
- In 2024 it paid out 21% 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.
Next steps with W S Wellons Foundation
- How to evaluate W S Wellons Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$350K
-8.4% YoY
Annual Giving
$5K
-92.2% YoY
Grant Count
3
-57.1% YoY
Avg Grant Size
$2K
-81.9% YoY
Under IRS private-foundation payout rules, W S Wellons Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About W S Wellons Foundation
Based on IRS filings
W S Wellons Foundation is a private foundation, based in Spring Lake, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $350K in total assets. In 2024, it awarded 3 grants totaling $5K. Net investment income was $39K.
Ready to take the next step with W S Wellons Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $349,979 | $382,268 | $454,904 |
| Revenue | $44,026 | $71,521 | $79,108 |
| Expenses | $79,954 | $142,383 | $139,375 |
| Qualifying Distributions | $4,500 | $58,000 | $58,500 |
| Net Investment Income | $38,881 | $64,368 | $75,786 |
| Distributable Amount | $21,389 | $27,008 | $33,007 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Falcon Childrens Home ($2,500), Cape Fear Botanical Gardens ($1,000), Methodist University ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FALCON CHILDRENS HOME Falcon, NC | GENERAL FUND | $2,500 |
| CAPE FEAR BOTANICAL GARDENS Fayetteville, NC | ARBOR | $1,000 |
| METHODIST UNIVERSITY Fayetteville, NC | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W S Wellons Jr | Chairman | 1 | $40,000 |
| Judy Wellons | Director | 1 | $10,000 |
Frequently Asked Questions
How large is W S Wellons Foundation?
As of 2024, W S Wellons Foundation holds $350K in total assets with $44K in annual revenue. It awarded 3 grants totaling $5K in 2024.
Where does W S Wellons Foundation operate?
W S Wellons Foundation has awarded grants in Georgia, North Carolina.
What size grants does W S Wellons Foundation award?
In 2024, W S Wellons Foundation awarded 3 grants totaling $5K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is W S Wellons Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W S Wellons Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W S Wellons Foundation's EIN?
W S Wellons Foundation's EIN (Employer Identification Number) is 58-1537766. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.