Wellspring Foundation Inc
Wellspring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH PLAINFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $635K in total assets. In 2024, it awarded 4 grants totaling $36K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$635K
-31.3% YoY
Annual Giving
$36K
-10.1% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$9K
+34.8% YoY
Under IRS private-foundation payout rules, Wellspring Foundation Inc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About Wellspring Foundation Inc
Based on IRS filings
Wellspring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH PLAINFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $635K in total assets. In 2024, it awarded 4 grants totaling $36K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $634,501 | $923,098 | $897,252 |
| Revenue | $63,447 | $72,145 | $73,727 |
| Expenses | $352,044 | $46,299 | $107,135 |
| Qualifying Distributions | $35,500 | $39,500 | $49,500 |
| Net Investment Income | $9,053 | $68,640 | $73,027 |
| Distributable Amount | $53,023 | $43,868 | $43,233 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Healing Unlimited Inc ($16,500), Plainfield Christian Science Church Independent ($15,000), Sunrise of Africa School ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Plainfield Christian Science Church Independent Plainfield, NJ | Chaitable Donation | $15,000 |
| Sunrise of Africa School Lake Barrington, IL | Chaitable Donation | $3,000 |
| Friends of Ashbrook Center Ashland, OH | Chaitable Donation | $1,000 |
| Healing Unlimited Inc Woodway, TX | Chaitable Donation | $16,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gary Singleterry | Trustee | 5 | — |
| Mary Singleterry | Trustee | 5 | — |
| Bruce Singleterry | Trustee | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wellspring Foundation Inc?
Wellspring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH PLAINFIELD, NJ. It holds $635K in total assets as of 2024.
How large is Wellspring Foundation Inc?
As of 2024, Wellspring Foundation Inc holds $635K in total assets with $63K in annual revenue. It awarded 4 grants totaling $36K in 2024.
Where does Wellspring Foundation Inc operate?
Wellspring Foundation Inc has awarded grants in Colorado, District of Columbia, Florida, Illinois, New Jersey, Ohio, Texas.
What size grants does Wellspring Foundation Inc award?
In 2024, Wellspring Foundation Inc awarded 4 grants totaling $36K — an average of about $9K 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 $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wellspring Foundation Inc's EIN?
Wellspring Foundation Inc's EIN (Employer Identification Number) is 80-0699956. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wellspring Foundation Inc'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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