Wonderful Life Foundation
The Wonderful Life Foundation is a private independent foundation based in West Palm Beach, Florida, established in 2000. It operates as a 501(c)(3) nonprofit organization with a focus on philanthropic grantmaking across the United States. The foundation manages substantial assets and distributes significant annual grants to organizations nationwide.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.6M
-3.8% YoY
Annual Giving
$24.7M
+14.4% YoY
Grant Count
53
-5.4% YoY
Avg Grant Size
$467K
+20.9% YoY
Under IRS private-foundation payout rules, Wonderful Life Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement on its primary organizational channels. However, based on grantmaking patterns, the foundation supports organizations in the following areas:
- Education
- Health and medical services
- Human services
- Philanthropy and voluntarism
The foundation provides funding to a diverse range of organizations without a narrowly defined subject focus, distributing grants across multiple states and communities.
Grantmaking
The foundation does not have a public application process. Grantmaking is directed by trustees without formal grant programs or public solicitation.
Grant Range
$1,000 to $4,167,000
Average Grant
approximately $385,973
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple states, with particular activity in:
- Colorado
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- South Carolina
- Virginia
The foundation provides funding to both major metropolitan areas (New York, Chicago, Miami) and smaller communities (Snowmass Village, Tinley Park).
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $23,590,720
- Total Revenues: $24,100,333
- Total Expenses: $25,020,148
- Total Liabilities: $0
As of December 2023:
- Total Assets: $24,512,964
- Total Revenues: $21,461,686
- Total Expenses: $22,043,240
Revenue Composition (2024):
- Grants, contributions, etc.: $22,467,718
- Investment income and dividends: $661,863
- Net gain from sale of non-inventory assets: $970,752
The foundation maintains a healthy financial position with no liabilities and annual giving representing approximately 86% of total assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,590,720 | $24,512,964 | $25,096,416 |
| Revenue | $24,100,333 | $21,461,686 | $19,869,489 |
| Expenses | $25,020,148 | $22,043,240 | $17,425,253 |
| Qualifying Distributions | $24,729,000 | $21,614,500 | $17,280,000 |
| Net Investment Income | $12,490,540 | $11,144,354 | $8,856,601 |
| Distributable Amount | $1,530,874 | $1,258,357 | $1,311,927 |
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
216 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Notre Dame ($4,167,000), Shirley Ryan Abilitylab ($4,000,000), Catholic Extension ($3,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCELERATE INSTITUTE CHICAGO, IL | GENERAL SUPPORT | $50,000 |
| ACCESS LIVING CHICAGO, IL | GENERAL SUPPORT | $50,000 |
| ANDERSON RANCH ARTS CENTER SNOWMASS VILLAGE, CO | GENERAL SUPPORT | $25,000 |
| BIG SHOULDERS FUND CHICAGO, IL | PAYMENT 2 OF 5 | $180,000 |
| BOYS AND GIRLS CLUB OF MARTIN COUNTY HOBE SOUND, FL | GENERAL SUPPORT | $100,000 |
| BRIDGING BIONICS FOUNDATION BASALT, CO | GENERAL SUPPORT | $100,000 |
| CATHOLIC EXTENSION CHICAGO, IL | GENERAL SUPPORT - PAYMENT 4 OF 5 | $100,000 |
| CATHOLIC EXTENSION CHICAGO, IL | ENDOWMENT TO SUPPORT DEVELOPMENT | $3,000,000 |
| CENTRAL PRESBYTERIAN CHURCH NEW YORK, NY | GENERAL SUPPORT | $1,000,000 |
| CENTRAL PRESBYTERIAN CHURCH NEW YORK, NY | GENERAL SUPPORT - PAYMENT 5 OF 5 | $1,160,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by two trustees, both serving without compensation:
- M. Jude Reyes - Trustee
- Lori W. Reyes - Trustee
The foundation was formerly known as the M. Jude and Lori W. Reyes Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M JUDE REYES | TRUSTEE | 1 | — |
| LORI W REYES | TRUSTEE | 1 | — |
Contact Information
Address: 777 S Flagler Drive, Suite 1500 West Palm Beach, FL 33401-6157
Phone: 561-469-5600
Tax ID (EIN): 54-1995591
The foundation does not maintain a public website or public email for grant inquiries.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wonderful Life Foundation fund?
The foundation does not maintain a publicly stated mission statement on its primary organizational channels. However, based on grantmaking patterns, the foundation supports organizations in the following areas: • Education • Health and medical services • Human services • Philanthropy and voluntarism The foundation provides funding to a diverse range of organizations without a narrowly defined subject focus, distributing grants across multiple states and communities.
How do I apply for a grant from Wonderful Life Foundation?
**Grant Activity:** • Made 56 grants in the most recent fiscal year (2023) • Total grants awarded: approximately $21.6 million to $24.7 million annually • Grant range: $1,000 to $4,167,000 • Average grant size: approximately $385,973 • Median grant size: $50,000 **Recent Notable Grants (2024):** • University of Notre Dame: $4,167,000 (Payment 1 of 6) • Shirley Ryan AbilityLab: $4,000,000 (Accelerate Ability Campaign - Payment 3 of 5) • Wofford College: $2,000,000 (Capital Campaign - Payment 1 o…
Where does Wonderful Life Foundation make grants?
The foundation funds organizations across multiple states, with particular activity in: • Colorado • Florida • Illinois • New York • Ohio • Pennsylvania • South Carolina • Virginia The foundation provides funding to both major metropolitan areas (New York, Chicago, Miami) and smaller communities (Snowmass Village, Tinley Park).
What size grants does Wonderful Life Foundation award?
In 2024, Wonderful Life Foundation awarded 53 grants totaling $24.7M — an average of about $467K per grant, based on its IRS Form 990 filings.
How much is Wonderful Life Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wonderful Life Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wonderful Life Foundation's EIN?
Wonderful Life Foundation's EIN (Employer Identification Number) is 54-1995591. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wonderful Life Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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