Wellspring Foundation of Southwest is a private foundation focused on Health, based in ABINGDON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $158.5M in total assets. In 2024, it awarded 21 grants totaling $4.9M. Net investment income was $3.3M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$158.5M
+15.4% YoY
Annual Giving
$4.9M
+736.2% YoY
Grant Count
21
+200.0% YoY
Avg Grant Size
$233K
+178.7% YoY
Under IRS private-foundation payout rules, Wellspring Foundation of Southwest reported a distributable amount of $7.9M for 2024 — the minimum it must pay out in qualifying distributions.
About Wellspring Foundation of Southwest
Based on IRS filings
Wellspring Foundation of Southwest is a private foundation focused on Health, based in ABINGDON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $158.5M in total assets. In 2024, it awarded 21 grants totaling $4.9M. Net investment income was $3.3M.
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 | $158,481,087 | $137,326,827 | $112,449,531 |
| Revenue | $27,149,953 | $25,839,844 | $112,913,191 |
| Expenses | $5,995,493 | $1,550,987 | $463,660 |
| Qualifying Distributions | $5,737,972 | $1,370,854 | — |
| Net Investment Income | $3,300,753 | $2,298,063 | $471,468 |
| Distributable Amount | $7,891,083 | $6,041,817 | — |
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
28 grants across all recorded years
Open Grants
2 open opportunities from Wellspring Foundation of Southwest
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Eo Companies ($2,000,000), Va Highlands Comm College ($1,000,000), Us National Whitewater Center Inc ($318,000).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN HIGHLANDS COMM DENTAL ABINGDON, VA | COMMUNITY SUPPORT | $213,699 |
| FAIRVIEW HOUSING MANAGEMENT CORP JOHNSON CITY, TN | COMMUNITY SUPPORT | $200,000 |
| COMMUNITIES IN SCHOOLS OF APP HIGH BRISTOL, VA | COMMUNITY SUPPORT | $227,380 |
| UNITED WAY OF SW VA ABINGDON, VA | COMMUNITY SUPPORT | $122,040 |
| BALLAD HEALTH JOHNSON CITY, TN | COMMUNITY SUPPORT | $234,499 |
| MOUNT ROGERS COMMUNITY SERVICES MARION, VA | COMMUNITY SUPPORT | $16,769 |
| RUSSELL COUNTY VA LEBANON, VA | COMMUNITY SUPPORT | $20,146 |
| WASHINGTON COUNTY VA PUBLIC SCHOOLS ABINGDON, VA | COMMUNITY SUPPORT | $53,320 |
| EO COMPANIES ABINGDON, VA | COMMUNITY SUPPORT | $2,000,000 |
| SW VA HIGHER EDUCATION CENTER ABINGDON, VA | COMMUNITY SUPPORT | $300,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM HAYTER | BOARD MEMBER | 2 | — |
| DONNIE MEADOWS | BOARD MEMBER | 2 | — |
| DR HAYTHAM ADADA | BOARD MEMBER | 2 | — |
| DR KAREN ELMORE | BOARD MEMBER | 2 | — |
| MARVIN GILLIAM | CHAIR | 2 | — |
| KARL KINDIG | BOARD MEMBER | 2 | — |
| DR JOANN PRICE | VICE CHAIR | 2 | — |
| THOMAS REVELS | SECRETARY | 2 | — |
| ELIZABETH LOWE | BOARD MEMBER | 2 | — |
| REV KEVIN CAMPBELL | BOARD MEMBER | 2 | — |
| SEAN MCMURRAY | EXECUTIVE DI | 40 | $274,423 |
| RUSTY LITTLE | DIRECTOR OF | 40 | $134,808 |
| SUSAN ABEL | DIRECTOR OF | 40 | $81,187 |
| COURTNEY STRINGER | DIRECTOR OF | 40 | $101,116 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wellspring Foundation of Southwest?
Wellspring Foundation of Southwest is a private foundation focused on Health, based in ABINGDON, VA. It holds $158.5M in total assets as of 2024.
How large is Wellspring Foundation of Southwest?
As of 2024, Wellspring Foundation of Southwest holds $158.5M in total assets with $27.1M in annual revenue. It awarded 21 grants totaling $4.9M in 2024.
Where does Wellspring Foundation of Southwest operate?
Wellspring Foundation of Southwest has awarded grants in Massachusetts, North Carolina, Tennessee, Virginia.
What size grants does Wellspring Foundation of Southwest award?
In 2024, Wellspring Foundation of Southwest awarded 21 grants totaling $4.9M — an average of about $233K per grant, based on its IRS Form 990 filings.
How much is Wellspring Foundation of Southwest required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wellspring Foundation of Southwest reported a distributable amount of $7.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wellspring Foundation of Southwest's EIN?
Wellspring Foundation of Southwest's EIN (Employer Identification Number) is 26-2870970. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wellspring Foundation of Southwest'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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