Wells Trust Fund is a private foundation focused on Education, based in PARIS, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $570K in total assets. In 2024, it awarded 12 grants totaling $81K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$570K
+0.9% YoY
Annual Giving
$81K
+20.9% YoY
Grant Count
12
+50.0% YoY
Avg Grant Size
$7K
-19.4% YoY
Under IRS private-foundation payout rules, Wells Trust Fund reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.
About Wells Trust Fund
Based on IRS filings
Wells Trust Fund is a private foundation focused on Education, based in PARIS, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $570K in total assets. In 2024, it awarded 12 grants totaling $81K. Net investment income was $78K.
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 | $569,988 | $564,941 | $567,967 |
| Revenue | $111,859 | $92,974 | $84,230 |
| Expenses | $106,812 | $96,000 | $95,832 |
| Qualifying Distributions | $85,361 | $71,076 | $76,196 |
| Net Investment Income | $77,841 | $71,081 | $66,159 |
| Distributable Amount | $85,131 | $70,572 | $71,116 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ethan Vice ($20,000), Victoria Labaume ($10,000), William Templeton ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRAYLON NUGENT CHARLESTON, IL | SCHOLARSHIP | $7,000 |
| ETHAN VICE CHARLESTON, IL | SCHOLARSHIP | $20,000 |
| MACY MITCHELL CHARLESTON, IL | SCHOLARSHIP | $5,000 |
| WILLIAM TEMPLETON URBANA, IL | SCHOLARSHIP | $8,000 |
| VICTORIA LABAUME DECATUR, IL | SCHOLARSHIP | $10,000 |
| MARCUS MITCHELL CHARLESTON, IL | SCHOLARSHIP | $5,000 |
| PAYTON LANKSTER CHARLESTON, IL | SCHOLARSHIP | $3,000 |
| KACEY NEWHART CHARLESTON, IL | SCHOLARSHIP | $2,000 |
| WILL MOODY URBANA, IL | SCHOLARSHIP | $8,000 |
| ELLIOT DAVID CHARLESTON, IL | SCHOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PROSPECT BANK | TRUSTEE | 1 | $5,932 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wells Trust Fund?
Wells Trust Fund is a private foundation focused on Education, based in PARIS, IL. It holds $570K in total assets as of 2024.
How large is Wells Trust Fund?
As of 2024, Wells Trust Fund holds $570K in total assets with $112K in annual revenue. It awarded 12 grants totaling $81K in 2024.
Where does Wells Trust Fund operate?
Wells Trust Fund has awarded grants in Illinois.
What size grants does Wells Trust Fund award?
In 2024, Wells Trust Fund awarded 12 grants totaling $81K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Wells Trust Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wells Trust Fund reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wells Trust Fund's EIN?
Wells Trust Fund's EIN (Employer Identification Number) is 37-6115126. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wells Trust Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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