Wellspring Foundation Inc

THOMASVILLE, GA EIN: 82-3811182

Wellspring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in THOMASVILLE, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $400K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2M

-14.3% YoY

Annual Giving

$400K

Grant Count

Avg Grant Size

$400K

Under IRS private-foundation payout rules, Wellspring Foundation Inc reported a distributable amount of $104K for 2024 — the minimum it must pay out in qualifying distributions.

About Wellspring Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $400K (100%)

States

Georgia

Cities

Thomasville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,195,453	$2,560,545	$3,199,474
Revenue	$43,465	$-35,865	$10,000
Expenses	$411,980	$256,973	$389,220
Qualifying Distributions	$400,000	—	$385,500
Net Investment Income	$4,953	$5,249	—
Distributable Amount	$104,469	$132,830	$173,652

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

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Foundation of Southwest G ($400,000).

Recipient	Purpose	Amount
COMMUNITY FOUNDATION OF SOUTHWEST G THOMASVILLE, GA	CHARITABLE	$400,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARK WILLIAMS	PRESIDENT	—	—
LAURA WILLIAMS	VICE PRESIDE	—	—
DYLAN WILLIAMS	SECRETARY/TR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Wellspring Foundation Inc?

Wellspring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in THOMASVILLE, GA. It holds $2.2M in total assets as of 2024.

How large is Wellspring Foundation Inc?

As of 2024, Wellspring Foundation Inc holds $2.2M in total assets with $43K in annual revenue. It awarded 1 grants totaling $400K in 2024.

Where does Wellspring Foundation Inc operate?

Wellspring Foundation Inc has awarded grants in Georgia.

What size grants does Wellspring Foundation Inc award?

In 2024, Wellspring Foundation Inc awarded 1 grants totaling $400K — an average of about $400K per grant, based on its IRS Form 990 filings.

How much is Wellspring Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wellspring Foundation Inc reported a distributable amount of $104K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.