Wo and Ann Powers Foundation Inc

FLORENCE, SC EIN: 58-2335552

Wo and Ann Powers Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLORENCE, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 2 grants totaling $4.0M. Net investment income was $30K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.6M

-0.2% YoY

Annual Giving

$4.0M

+0.1% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$2.0M

-49.9% YoY

Under IRS private-foundation payout rules, Wo and Ann Powers Foundation Inc reported a distributable amount of $178K for 2024 — the minimum it must pay out in qualifying distributions.

About Wo and Ann Powers 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

South Carolina $14.8M (100%)

States

South Carolina

Cities

ClemsonFlorenceLynchburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,626,417	$3,633,150	$6,516,751
Revenue	$4,035,519	$4,026,664	$4,020,289
Expenses	$4,054,290	$4,030,021	$4,085,518
Qualifying Distributions	$4,005,000	$4,000,000	$4,000,000
Net Investment Income	$30,044	$23,189	$11,098
Distributable Amount	$178,368	$249,619	$308,539

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Clemson Foundation ($4,000,000), Palmetto Partnership All 4 Autism ($5,000).

Recipient	Purpose	Amount
CLEMSON FOUNDATION CLEMSON, SC	EDUCATIONAL	$4,000,000
PALMETTO PARTNERSHIP ALL 4 AUTISM FLORENCE, SC	HEALTH AND WELFARE	$5,000

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 Wo and Ann Powers Foundation Inc?

Wo and Ann Powers Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLORENCE, SC. It holds $3.6M in total assets as of 2024.

How large is Wo and Ann Powers Foundation Inc?

As of 2024, Wo and Ann Powers Foundation Inc holds $3.6M in total assets with $4.0M in annual revenue. It awarded 2 grants totaling $4.0M in 2024.

Where does Wo and Ann Powers Foundation Inc operate?

Wo and Ann Powers Foundation Inc has awarded grants in South Carolina.

What size grants does Wo and Ann Powers Foundation Inc award?

In 2024, Wo and Ann Powers Foundation Inc awarded 2 grants totaling $4.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.

How much is Wo and Ann Powers Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wo and Ann Powers Foundation Inc reported a distributable amount of $178K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Wo and Ann Powers Foundation Inc's EIN?

Wo and Ann Powers Foundation Inc's EIN (Employer Identification Number) is 58-2335552. IRS Form 990 filing data is available on this page for 2020–2024.