Willard and Ann True Foundation Inc is a private foundation focused on Education, based in BELLEAIR BLUFFS, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $121K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+6.6% YoY
Annual Giving
$50K
+146.9% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$17K
+64.6% YoY
Under IRS private-foundation payout rules, Willard and Ann True Foundation Inc reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Willard and Ann True Foundation Inc
Based on IRS filings
Willard and Ann True Foundation Inc is a private foundation focused on Education, based in BELLEAIR BLUFFS, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $121K.
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 | $1,150,839 | $1,079,523 | $1,121,106 |
| Revenue | $140,728 | $67,365 | $72,934 |
| Expenses | $111,956 | $116,448 | $114,560 |
| Qualifying Distributions | $49,815 | $87,439 | $85,327 |
| Net Investment Income | $120,616 | $8,042 | $10,141 |
| Distributable Amount | $55,002 | $48,947 | $50,862 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Indian Rocks Christian School ($20,000), Cross Trail Outfitters ($15,000), Eternal Family Project ($14,815).
| Recipient | Purpose | Amount |
|---|---|---|
| Indian Rocks Christian School Largo, FL | Charitable | $20,000 |
| Eternal Family Project Hiram, GA | Charitable | $14,815 |
| Cross Trail Outfitters Manteo, NC | Charitable | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William K Lovelace | Director President | 1 | $9,963 |
| Debra A Snyder | Director Treasurer | 2 | $9,963 |
| Lee Young | Director Vice President | 1 | $9,963 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Willard and Ann True Foundation Inc?
Willard and Ann True Foundation Inc is a private foundation focused on Education, based in BELLEAIR BLUFFS, FL. It holds $1.2M in total assets as of 2024.
How large is Willard and Ann True Foundation Inc?
As of 2024, Willard and Ann True Foundation Inc holds $1.2M in total assets with $141K in annual revenue. It awarded 3 grants totaling $50K in 2024.
Where does Willard and Ann True Foundation Inc operate?
Willard and Ann True Foundation Inc has awarded grants in Florida, Georgia, North Carolina, Pennsylvania.
What size grants does Willard and Ann True Foundation Inc award?
In 2024, Willard and Ann True Foundation Inc awarded 3 grants totaling $50K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Willard and Ann True Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Willard and Ann True Foundation Inc reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Willard and Ann True Foundation Inc's EIN?
Willard and Ann True Foundation Inc's EIN (Employer Identification Number) is 46-3746282. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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