Wells Richard H Char Fbo Vmi is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $82K. Net investment income was $163K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-7.2% YoY
Annual Giving
$82K
-4.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$82K
-4.8% YoY
Under IRS private-foundation payout rules, Wells Richard H Char Fbo Vmi reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
About Wells Richard H Char Fbo Vmi
Based on IRS filings
Wells Richard H Char Fbo Vmi is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $82K. Net investment income was $163K.
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 | $1,502,600 | $1,619,930 | $1,653,404 |
| Revenue | $179,781 | $71,301 | $70,749 |
| Expenses | $297,899 | $106,697 | $117,689 |
| Qualifying Distributions | $279,936 | $96,083 | $105,379 |
| Net Investment Income | $162,661 | $60,575 | $58,946 |
| Distributable Amount | $97,854 | $91,945 | $96,565 |
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 Virginia Military Institute Fdn ($82,435).
| Recipient | Purpose | Amount |
|---|---|---|
| VIRGINIA MILITARY INSTITUTE FDN LEXINGTON, VA | GENERAL SUPPORT | $82,435 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 4 | $20,285 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wells Richard H Char Fbo Vmi?
Wells Richard H Char Fbo Vmi is a private foundation focused on Education, based in PITTSBURGH, PA. It holds $1.5M in total assets as of 2024.
How large is Wells Richard H Char Fbo Vmi?
As of 2024, Wells Richard H Char Fbo Vmi holds $1.5M in total assets with $180K in annual revenue. It awarded 1 grants totaling $82K in 2024.
Where does Wells Richard H Char Fbo Vmi operate?
Wells Richard H Char Fbo Vmi has awarded grants in Virginia.
What size grants does Wells Richard H Char Fbo Vmi award?
In 2024, Wells Richard H Char Fbo Vmi awarded 1 grants totaling $82K — an average of about $82K per grant, based on its IRS Form 990 filings.
How much is Wells Richard H Char Fbo Vmi required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wells Richard H Char Fbo Vmi reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wells Richard H Char Fbo Vmi's EIN?
Wells Richard H Char Fbo Vmi's EIN (Employer Identification Number) is 20-2609911. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.