Wells Family Charitable Foundation

Private foundation · Grantmaker Newport Beach, CA EIN: 95-3982216

Wells Family Charitable Foundation is a private foundation focused on Environment & Animals, based in Newport Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.0M in total assets. In 2024, it made $992K in qualifying distributions. Net investment income was $2.2M.

Key facts about Wells Family Charitable Foundation

EIN
95-3982216
Latest 990 filing
Form 990-PF, 2024
Total assets
$20,961,185

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$21.0M

+1.5% YoY

Revenue

$2.2M

-65.7% YoY

Qualifying Distributions

$992K

+5.8% YoY

Expenses

$1.1M

+4.5% YoY

How Wells Family Charitable Foundation gives

  • In 2023 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Los AngelesBeverly HillsBig SurNewport BeachStanfordWoodland Hills

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M9 grants20205 grants20212 grants20220 grants20230 grants2024

From 2020 to 2022, annual grant giving ranged from $68K (2021) to $8.0M (2022). In 2022 it made 2 grants totaling $8.0M.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

16 grants across all recorded years

11<$50K$50–100K2$100–250K1$250–500K$500K–1M1$1–5M1$5M+

The most common grant size was under $50K: 11 grants of 16 (69%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M20202021202220232024
Metric202420232022
Total Assets$20,961,185$20,651,534$14,567,856
Revenue$2,222,925$6,489,939$9,447,750
Expenses$1,050,481$1,005,175$8,442,976
Qualifying Distributions$992,306$938,284$8,417,000
Net Investment Income$2,164,750$399,548$338,685
Distributable Amount—$1,002,289$913,921

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Wells Family Charitable Foundation is led by Paul C. Heeschen, President since 2021 (on filings since 2020) — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Paul C. Heeschen

    President

    Secretary → President, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Luanne C. Wells (2020) — President

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 Wells Family Charitable Foundation

How large is Wells Family Charitable Foundation?

Wells Family Charitable Foundation reported $21.0M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $2.2M.

What is Wells Family Charitable Foundation?

Wells Family Charitable Foundation is a private foundation focused on Environment & Animals, based in Newport Beach, CA. It holds $21.0M in total assets as of 2024.

Where does Wells Family Charitable Foundation operate?

Wells Family Charitable Foundation has awarded grants in California.

What is Wells Family Charitable Foundation's EIN?

Wells Family Charitable Foundation's EIN (Employer Identification Number) is 95-3982216. 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.

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