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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.9M
-6.5% YoY
Annual Giving
$675K
+21.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$675K
+21.2% YoY
About Well-Spring Foundation
Based on IRS filings
Well-Spring Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $675K. Net investment income was $910K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,938,452 | $11,697,990 | $11,257,578 |
| Revenue | $1,496,459 | $945,355 | $1,308,920 |
| Expenses | $1,727,371 | $1,322,118 | $681,565 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $910,417 | $395,499 | $419,754 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Well-spring Retirement Community ($675,244).
| Recipient | Purpose | Amount |
|---|---|---|
| WELL-SPRING RETIREMENT COMMUNITY GREENSBORO, NC | GENERAL SUPPORT | $675,244 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY BOYD | CHAIRPERSON | 2 | — |
| CHARLES LUCAS | SECRETARY | 1 | — |
| CHARLES T HAGAN III | DIRECTOR | 1 | — |
| DAVY DAVIDSON | DIRECTOR | 1 | — |
| JENNIFER KOENIG | DIRECTOR | 1 | — |
| KATHRYN COOKIE BILLINGS | DIRECTOR | 1 | — |
| WENDY GATLIN | DIRECTOR | 1 | — |
| K ALAN TUTTEROW | CFO | 2 | — |
| STEPHEN P FLEMING | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Well-Spring Foundation?
Well-Spring Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. It holds $10.9M in total assets as of 2024.
How large is Well-Spring Foundation?
As of 2024, Well-Spring Foundation holds $10.9M in total assets with $1.5M in annual revenue. It awarded 1 grants totaling $675K in 2024.
Where does Well-Spring Foundation operate?
Well-Spring Foundation has awarded grants in North Carolina.
What size grants does Well-Spring Foundation award?
In 2024, Well-Spring Foundation awarded 1 grants totaling $675K — an average of about $675K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Well-Spring Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.