Wellspring Foundation Inc

Foundation · Grantmaker 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 grant totaling $400K. Net investment income was $5K.

Key facts about Wellspring Foundation Inc

EIN: 82-3811182
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $400,000
Grants made (2024): 1
Average grant: $400,000
Median grant: $400,000
Total assets: $2,195,453
Primary geography: Georgia (100% of itemized 2024 grant dollars)

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

How Wellspring Foundation Inc gives

In 2024 it paid out 383% of its IRS minimum distribution (the 5% rule). Method

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

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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%)

Share of all 1 itemized 2024 grant dollars.

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients 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

No officer or director reported compensation in the available filings.

From 2024 IRS 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 grant 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 grant 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.