Wilemon Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in TUPELO, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.5M in total assets. In 2024, it awarded 12 grants totaling $764K. Net investment income was $318K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.5M
-4.9% YoY
Annual Giving
$764K
+28.6% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$64K
+17.9% YoY
Under IRS private-foundation payout rules, Wilemon Foundation Inc reported a distributable amount of $451K for 2024 — the minimum it must pay out in qualifying distributions.
About Wilemon Foundation Inc
Based on IRS filings
Wilemon Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in TUPELO, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.5M in total assets. In 2024, it awarded 12 grants totaling $764K. Net investment income was $318K.
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 | $7,530,857 | $7,918,142 | $8,482,053 |
| Revenue | $454,182 | $93,678 | $479,382 |
| Expenses | $841,161 | $660,907 | $431,803 |
| Qualifying Distributions | $764,499 | $594,645 | $313,711 |
| Net Investment Income | $317,565 | $236,171 | $295,851 |
| Distributable Amount | $450,568 | $431,028 | $429,652 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Create Foundation ($350,302), Global Outreach ($148,000), Green Valley Baptist Church ($136,197).
| Recipient | Purpose | Amount |
|---|---|---|
| WILDWOOD BAPTIST CHURCH TUPELO, MS | RELIGIOUS/CHARITABLE | $12,000 |
| JACK VAN IMPE MINISTRIES TROY, MI | RELIGIOUS/CHARITABLE | $1,200 |
| INTERNATIONAL FLSP CHRST & JEWS WASHINGTON, DC | RELIGIOUS/CHARITABLE | $1,200 |
| ST JUDE CHILDRENS RESEARCH HOSPITAL MEMPHIS, TN | RELIGIOUS/CHARITABLE | $6,000 |
| MORE MINISTRIES OLIVE BRANCH, MS | RELIGIOUS/CHARITABLE | $3,600 |
| BEREAN BAPTIST CHURCH FAYETTEVILLE, NC | RELIGIOUS/CHARITABLE | $1,200 |
| SAMARITAN'S PURSE BOONE, NC | RELIGIOUS/CHARITABLE | $102,400 |
| CREATE FOUNDATION TUPELO, MS | RELIGIOUS/CHARITABLE | $350,302 |
| LOVE WORTH FINDING MEMPHIS, TN | RELIGIOUS/CHARITABLE | $1,200 |
| WA CRISWELL FOUNDATION DALLAS, TX | RELIGIOUS/CHARITABLE | $1,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHONDA W SHARPE | DIRECTOR | — | — |
| SHEA WILEMON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wilemon Foundation Inc?
Wilemon Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in TUPELO, MS. It holds $7.5M in total assets as of 2024.
How large is Wilemon Foundation Inc?
As of 2024, Wilemon Foundation Inc holds $7.5M in total assets with $454K in annual revenue. It awarded 12 grants totaling $764K in 2024.
Where does Wilemon Foundation Inc operate?
Wilemon Foundation Inc has awarded grants in District of Columbia, Michigan, Mississippi, North Carolina, Tennessee, Texas.
What size grants does Wilemon Foundation Inc award?
In 2024, Wilemon Foundation Inc awarded 12 grants totaling $764K — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Wilemon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wilemon Foundation Inc reported a distributable amount of $451K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wilemon Foundation Inc's EIN?
Wilemon Foundation Inc's EIN (Employer Identification Number) is 64-0923957. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wilemon 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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