Wisdom Family Foundation

ALVA, OK EIN: 26-2151892

Wisdom Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALVA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.6M in total assets. In 2024, it awarded 8 grants totaling $606K. Net investment income was $804K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$15.6M

+1.1% YoY

Annual Giving

$606K

+47.2% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$76K

+10.4% YoY

Under IRS private-foundation payout rules, Wisdom Family Foundation reported a distributable amount of $866K for 2024 — the minimum it must pay out in qualifying distributions.

About Wisdom Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $3.3M (100%)

States

Oklahoma

Cities

AlvaDrummondEnidFreedomLaverneNormanOkcOkeene

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$15,566,660	$15,397,686	$15,131,344
Revenue	$933,979	$823,515	$912,852
Expenses	$759,124	$552,377	$1,797,252
Qualifying Distributions	$605,514	$411,366	$1,582,738
Net Investment Income	$803,872	$693,625	$914,061
Distributable Amount	$865,814	$813,976	$802,925

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nwosu Foundation ($363,900), Freedom West ($75,996), Alva Independent School District ($75,000).

Recipient	Purpose	Amount
FREEDOM WEST FREEDOM, OK	MAINTAINING USABLE SPACE FOR ART AND ART CLASSES	$75,996
NWOSU FOUNDATION ALVA, OK	GENERAL FUND	$363,900
OU FOUNDATION NORMAN, OK	LUMBAR PUNCTURE MODELS	$6,118
ALVA INDEPENDENT SCHOOL DISTRICT ALVA, OK	SHEEP/GOAT FACILITY	$75,000
OKLAHOMA FOUNDATION FOR EXCELLENCE OKC, OK	GENERAL FUND	$2,000
ENID SCHOOL DISTRICT ENID, OK	FFA TRAILER	$25,000
DRUMMOND PUBLIC SCHOOL DRUMMOND, OK	CAFETERIA TABLE	$7,500
CHISHOLM HIGH SCHOOL ENID, OK	STOCK TRAILER	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Wisdom Family Foundation?

Wisdom Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALVA, OK. It holds $15.6M in total assets as of 2024.

How large is Wisdom Family Foundation?

As of 2024, Wisdom Family Foundation holds $15.6M in total assets with $934K in annual revenue. It awarded 8 grants totaling $606K in 2024.

Where does Wisdom Family Foundation operate?

Wisdom Family Foundation has awarded grants in Oklahoma.

What size grants does Wisdom Family Foundation award?

In 2024, Wisdom Family Foundation awarded 8 grants totaling $606K — an average of about $76K per grant, based on its IRS Form 990 filings.

How much is Wisdom Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wisdom Family Foundation reported a distributable amount of $866K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.