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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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