Well-Spring Foundation
Well-Spring Foundation provides financial support to well-spring retirement community. The primary financial support is for health care service provided and charity care.
Well-Spring Foundation at a glance
In short: Well-Spring Foundation gave $675K across 1 grant in 2024 (avg $675K), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $675,244
- +21.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $675,244
- +21.2% vs 2023
- Median grant
- $675,244
- Total assets
- $10,938,452
- -6.5% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Well-Spring Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Well-Spring Retirement Community ($675K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Well-Spring Foundation gives
- Giving grew 325% from 2021 to 2024. Method
From the foundation's IRS Form 990 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 $152K (2020) to $675K (2024). In 2024 it made 1 grant totaling $675K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Well-Spring Retirement Community Greensboro, NC | General Support | $675,244 |
Ready to take the next step with Well-Spring Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $10,938,452 | $1,496,459 | $1,727,371 | $675,244 | 1 | $910,417 |
| 2023 | $11,697,990 | $945,355 | $1,322,118 | $557,248 | 1 | $395,499 |
| 2022 | $11,257,578 | $1,308,920 | $681,565 | $199,033 | 1 | $419,754 |
| 2021 | $13,259,937 | $2,151,437 | $533,311 | $158,910 | 1 | $1,024,841 |
| 2020 | $11,341,533 | $1,446,876 | $391,975 | $151,558 | 1 | $690,221 |
About Well-Spring Foundation
Based on IRS filings
Well-Spring Foundation is a public charity, based in Greensboro, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.9M in total assets. In 2024, it awarded 1 grant totaling $675K. Net investment income was $910K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Well-Spring Foundation is led by Stephen P. Fleming, President on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stephen P. Fleming
President
On filings since 2020
2 hrs/week
No compensation reported
Anthony Boyd
Chairperson
On filings since 2020
2 hrs/week
No compensation reported
Charles T. Hagan III
Director
On filings since 2020
1 hr/week
No compensation reported
Davy Davidson
Director
On filings since 2020
1 hr/week
No compensation reported
Kathryn Cookie Billings
Director
On filings since 2020
1 hr/week
No compensation reported
Wendy Gatlin
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Koenig
Director
On filings since 2022
1 hr/week
No compensation reported
Charles Lucas
Secretary
On filings since 2020
1 hr/week
No compensation reported
K. Alan Tutterow
CFO
On filings since 2022
2 hrs/week
No compensation reported
Former officers (3)
- Former: Brian Tuckmantel (2022) — Treasurer
- Former: Ann Zuraw (2020–2021) — Director
- Former: Don Gwynn (2020–2021) — Treasurer
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.
Frequently asked questions about Well-Spring Foundation
How much does Well-Spring Foundation give each year?
Well-Spring Foundation gave $675K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $557K across 1 grant.
How large is Well-Spring Foundation?
Well-Spring Foundation reported $10.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.5M.
Where does Well-Spring Foundation operate?
Well-Spring Foundation has awarded grants in North Carolina.
What is Well-Spring Foundation's EIN?
Well-Spring Foundation's EIN (Employer Identification Number) is 56-2217797. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS December 22, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Well-Spring Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Well-Spring Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
The Seymour & Carol Levin Foundation
Greensboro, NC
The foundation made program-support grants to preselected charitable organizations, with recent giving ranging from $37,121 across 14 grants in 2023 to a single grant of $1,206,056 in 2025. Its reported 2025 grant went to an organization in Greensboro, North Carolina; it does not accept unsolicited requests. The foundation reported that it was liquidated and terminated as of December 31, 2025.
Assets
—
Grants
1
Total Given
$1.2M
The Stout Family Foundation
Greensboro, NC
Assets
$533K
Grants
1
Total Given
$100K
The Judith and Craven Williams Family Foundation
Mount Airy, NC
The Judith and Craven Williams Family Foundation gave $8,250 in 2025, with grants ranging from $100 to $5,450 and a typical grant of $200. Most funding went to North Carolina organizations, with smaller amounts to recipients in California, Virginia, and Iowa. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$196K
Grants
10
Total Given
$8K
The Cemala Foundation Inc
Greensboro, NC
The Cemala Foundation supports early childhood development and education, community spaces and opportunities—including nature, recreation, youth enrichment, and arts and culture—and workforce training. Its 2024 grants ranged from $2,500 to $210,294, with a median of $15,000; awards are limited to Guilford County or statewide North Carolina projects. It invites eligible organizations to submit a brief letter of inquiry and says staff respond to specific inquiries, not general solicitations.
Assets
$34.5M
Grants
55
Total Given
$1.6M
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Well-Spring Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Well-Spring Foundation down — hundreds of funders to go?