Wedge Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
-9.6% YoY
Annual Giving
$212K
-37.4% YoY
Grant Count
4
-60.0% YoY
Avg Grant Size
$53K
+56.4% YoY
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.
About Wedge Foundation Inc
Based on IRS filings
Wedge Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,757,948 | $4,158,941 | $5,770,701 |
| Revenue | $365,121 | $552,318 | $429,884 |
| Expenses | $783,616 | $1,074,683 | $842,247 |
| Qualifying Distributions | $211,698 | $338,300 | $269,232 |
| Net Investment Income | $16,375 | $147,933 | $74,725 |
| Distributable Amount | $209,028 | $251,769 | $298,466 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Kentucky ($175,698), Davis Love Foundation ($25,000), The Samuel L Asbury Foundation ($10,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL WEDGE III | PRESIDENT | — | $126,000 |
| JODY WEDGE | DIRECTOR | — | $36,000 |
| PAUL WEDGE | DIRECTOR | — | $40,000 |
| BAYLOR WEDGE | DIRECTOR | — | $2,000 |
| LILLY WEDGE | DIRECTOR | — | $2,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wedge Foundation Inc?
Wedge Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. It holds $3.8M in total assets as of 2024.
How large is Wedge Foundation Inc?
As of 2024, Wedge Foundation Inc holds $3.8M in total assets with $365K in annual revenue. It awarded 4 grants totaling $212K in 2024.
Where does Wedge Foundation Inc operate?
Wedge Foundation Inc has awarded grants in Alabama, Georgia, Kentucky, Maryland.
What size grants does Wedge Foundation Inc award?
In 2024, Wedge Foundation Inc awarded 4 grants totaling $212K — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Wedge Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wedge Foundation Inc reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Wedge Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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