Wellesley Kiwanis Memorial Fund is a private foundation focused on Education, based in WELLESLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $742K in total assets. In 2024, it awarded 14 grants totaling $58K. Net investment income was $119K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$742K
+8.6% YoY
Annual Giving
$58K
+2.9% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$4K
-11.8% YoY
Under IRS private-foundation payout rules, Wellesley Kiwanis Memorial Fund reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Wellesley Kiwanis Memorial Fund
Based on IRS filings
Wellesley Kiwanis Memorial Fund is a private foundation focused on Education, based in WELLESLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $742K in total assets. In 2024, it awarded 14 grants totaling $58K. Net investment income was $119K.
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 | $742,309 | $683,837 | $714,231 |
| Revenue | $123,864 | $29,719 | $25,838 |
| Expenses | $65,392 | $63,613 | $46,414 |
| Qualifying Distributions | $60,392 | $58,613 | $41,414 |
| Net Investment Income | $118,864 | $24,719 | $20,838 |
| Distributable Amount | $39,781 | $43,097 | $46,852 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wellesly Public Schools-pre-school ($12,000), Alexandra Vella - Bowdoin College ($3,500), Cadu Bubeck - Universith of New Ham ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALEXANDRA VELLA - BOWDOIN COLLEGE BRUNSWICK, ME | COLLEGE SCHOLARSHIPS | $3,500 |
| CADU BUBECK - UNIVERSITH OF NEW HAM DURHAM, NH | COLLEGE SCHOLARHSIP | $3,500 |
| MORGAN MCGRAW - UNIV OF COLORADO BO BOULDER, CO | COLLEGE SCHOLARSHIP | $3,500 |
| JULIA PANELL - ELON UNIVERSITY ELON, NC | COLLEGE SCHOLARSHIP | $3,500 |
| QUINN WAYMAN - MIAMI UNIV OHIO HAMILTON, OH | COLLEGE SCHOLARSHIP | $3,500 |
| SOPHIE MAGGIONI NEW LONDON, CT | COLLEGE SCHOLARSHIP | $3,500 |
| LEO CARLSON - VILLANOVA UNIVERSITY VILLANOVA, PA | COLLEGE SCHOLARSHIP | $3,500 |
| RYAN HILLMER - BOSTON COLLEGE CHESTNUT HILL, MA | COLLEGE SCHOLARSHIP | $3,500 |
| WILLOUGHLY BONNETTE-UNION COLLEGE SCHENECTADY, NY | COLLEGE SCHOLARSHIP | $3,500 |
| ANNA THOMAS - TUFTS UNIVERSITY MEDFORD, MA | COLLEGE SCHOLARSHIP | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETH SULLIVAN WOODS | Trustee | 0.5 | — |
| VICKIE MANCINI | Trustee | 0.5 | — |
| JANICE G CODURI | Trustee | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wellesley Kiwanis Memorial Fund?
Wellesley Kiwanis Memorial Fund is a private foundation focused on Education, based in WELLESLEY, MA. It holds $742K in total assets as of 2024.
How large is Wellesley Kiwanis Memorial Fund?
As of 2024, Wellesley Kiwanis Memorial Fund holds $742K in total assets with $124K in annual revenue. It awarded 14 grants totaling $58K in 2024.
Where does Wellesley Kiwanis Memorial Fund operate?
Wellesley Kiwanis Memorial Fund has awarded grants in Colorado, Connecticut, Indiana, Massachusetts, Maine, North Carolina, New Hampshire, New York, Ohio, Pennsylvania, Rhode Island.
What size grants does Wellesley Kiwanis Memorial Fund award?
In 2024, Wellesley Kiwanis Memorial Fund awarded 14 grants totaling $58K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Wellesley Kiwanis Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wellesley Kiwanis Memorial Fund reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wellesley Kiwanis Memorial Fund's EIN?
Wellesley Kiwanis Memorial Fund's EIN (Employer Identification Number) is 04-6130238. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.