Wellspring Foundation of Southwest
ABINGDON, VA EIN: 26-2870970
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Wellspring Foundation of Southwest fund?
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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 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Virginia $4.7M (86%)
Tennessee $459K (8%)
North Carolina $318K (6%)
Massachusetts $13K (0%)
Cities
AbingdonBostonBristolCharlotteIndependenceJohnson CityLebanonMarionRichmondTroutdaleWarrenton
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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