Wedge Foundation Inc
Wedge Foundation Inc is a private foundation, based in Louisville, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 4 grants totaling $212K. Net investment income was $16K.
Wedge Foundation Inc at a glance
In short: Wedge Foundation Inc gave $212K across 4 grants in 2024 (avg $53K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $211,698
- -37.4% vs 2023
- Grants made (2024)
- 4
- -60.0% vs 2023
- Average grant
- $52,925
- +56.4% vs 2023
- Median grant
- $17,500
- Total assets
- $3,757,948
- -9.6% vs 2023
- Primary geography
- Kentucky (83% 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 Wedge Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was University of Kentucky ($176K). Together the top 4 received $212K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 32 grants of 37 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Wedge Foundation Inc gives
- Giving fell 32% from 2021 to 2024. Method
- In 2024 it paid out 101% 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 2020 to 2024, annual grant giving ranged from $66K (2020) to $338K (2023). In 2024 it made 4 grants totaling $212K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Kentucky Lexington, KY | Financial Support | $175,698 |
| Davis Love Foundation St Simons Island, GA | Financial Support | $25,000 |
| The Samuel L Asbury Foundation Atlanta, GA | Financial Support | $10,000 |
| Christ Church United Methodist Louisville, KY | Financial Support | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,757,948 | $365,121 | $783,616 | $211,698 | 4 | $211,698 | $16,375 | $209,028 |
| 2023 | $4,158,941 | $552,318 | $1,074,683 | $338,300 | 10 | $338,300 | $147,933 | $251,769 |
| 2022 | $5,770,701 | $429,884 | $842,247 | $269,232 | 11 | $269,232 | $74,725 | $298,466 |
| 2021 | $6,211,322 | $1,725,342 | $724,485 | $313,250 | 8 | $313,250 | $1,527,566 | $199,704 |
| 2020 | $5,713,040 | $5,386,621 | $169,061 | $66,000 | 4 | — | $264,256 | $261,834 |
Under IRS private-foundation payout rules, Wedge Foundation Inc reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wedge Foundation Inc is led by Paul Wedge III, President on every filing since 2020; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Paul Wedge III
President
On filings since 2020
$50K (2020) → $126K (2024)
Baylor Wedge
Director
On filings since 2020
$500 (2020) → $2K (2024)
Jody Wedge
Director
On filings since 2020
$13K (2020) → $36K (2024)
Paul Wedge
Director
On filings since 2020
$40K (2020) → $40K (2024)
Lilly Wedge
Director
On filings since 2021
$2K (2021) → $2K (2024)
Data from IRS Form 990 filings, 2020–2024. "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 $126K, to Paul Wedge III (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Wedge Foundation Inc
How much does Wedge Foundation Inc give each year?
Wedge Foundation Inc gave $212K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $338K across 10 grants.
What is Wedge Foundation Inc's typical grant size?
Wedge Foundation Inc's median grant in 2024 was $17,500, and its average grant was $52,925, across 4 grants on its 2024 IRS Form 990-PF.
Where does Wedge Foundation Inc give grants?
Wedge Foundation Inc gives mostly in Kentucky: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Georgia (17%).
Does Wedge Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Wedge Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Support" (4 grants).
How large is Wedge Foundation Inc?
Wedge Foundation Inc reported $3.8M in total assets on its 2024 IRS Form 990-PF. It paid out $212K in qualifying distributions that year, against a required minimum of $209K (roughly 5% of its investment assets).
What is Wedge Foundation Inc's EIN?
Wedge Foundation Inc's EIN (Employer Identification Number) is 84-5012797. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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