Wings Foundation Inc

NAPLES, FL EIN: 54-2108633

Wings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 7 grants totaling $42K. Net investment income was $24K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-0.8% YoY

Annual Giving

$42K

-4.3% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$6K

-18.0% YoY

Under IRS private-foundation payout rules, Wings Foundation Inc reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.

About Wings Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $158K (49%)

District of Columbia $82K (25%)

New York $47K (14%)

Colorado $32K (10%)

Delaware $6K (2%)

States

Colorado District of Columbia Delaware Florida New York

Cities

Fort MyersGarden CityNaplesTellurideWashingtonWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,214,134	$1,223,488	$1,173,708
Revenue	$53,242	$110,664	$111,614
Expenses	$57,251	$74,541	$121,053
Qualifying Distributions	$43,340	$43,950	$96,888
Net Investment Income	$24,058	$20,815	$13,214
Distributable Amount	$65,269	$59,906	$61,341

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cancer Support Community ($15,170), Nami Collier County ($9,000), Conservancy of Southwest Florida ($6,000).

Recipient	Purpose	Amount
NAPLES BOTANICAL GARDEN NAPLES, FL	GENERAL GRANT	$1,000
CANCER SUPPORT COMMUNITY WASHINGTON, DC	GENERAL GRANT	$15,170
NAMI COLLIER COUNTY NAPLES, FL	GENERAL GRANT	$9,000
DAVID LAWRENCE MENTAL HEALTH CENTER NAPLES, FL	GENERAL GRANT	$1,500
CONSERVANCY OF SOUTHWEST FLORIDA NAPLES, FL	GENERAL GRANT	$6,000
TELLURIDE ADAPTIVE SPORTS PROGRAM TELLURIDE, CO	GENERAL GRANT	$4,375
ADELPHI UNIVERSITY GARDEN CITY, NY	GENERAL GRANT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PAULA J MALONE	PRESIDENT/DI	1	—
EMILY STRODE NG	DIRECTOR	1	—
CHRISTINE MALONE	DIRECTOR	1	—
STEPHEN L MALONE	VICE PRESIDE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Wings Foundation Inc?

Wings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. It holds $1.2M in total assets as of 2024.

How large is Wings Foundation Inc?

As of 2024, Wings Foundation Inc holds $1.2M in total assets with $53K in annual revenue. It awarded 7 grants totaling $42K in 2024.

Where does Wings Foundation Inc operate?

Wings Foundation Inc has awarded grants in Colorado, District of Columbia, Delaware, Florida, New York.

What size grants does Wings Foundation Inc award?

In 2024, Wings Foundation Inc awarded 7 grants totaling $42K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Wings Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wings Foundation Inc reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.