Wellspring Foundation Of Southwest Virginia

Organization Overview

Wellspring Foundation Of Southwest Virginia, operating under the name Wellspring Foundation Of Swva, is located in Abingdon, VA. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2024, Wellspring Foundation Of Swva employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Foundation Of Swva is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Since 2023, Wellspring Foundation Of Swva has awarded 28 individual grants totaling $5,470,169. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF RECEIVING, MAINTAINING AND ADMINISTERING ASSETS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO THE RECOGNIZABLE AND UNMET HEALTHCARE, WELLNESS, ECONOMIC AND EDUCATIONAL NEEDS OF THE COMMUNITIES WHICH THE CORPORATION SERVES, AND TO USE THE WHOLE OR ANY PART OF THE INCOME AND PRINCIPAL WITHIN THEREFROM FOR SUCH PURPOSES EITHER DIRECTLY OR BY CONTRIBUTION TO OTHER ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FUNDING TO HEALTCARE ORGANIZATIONS THROUGHOUT SWVA


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Corporate Image
$61,975
Bruce Behringer
$55,499
Ubs Financial Services
$355,222
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $23,591,679
Interest on Savings $0
Dividends & Interest $3,049,383
Net Rental Income$0
Net Gain on Sale of Assets $508,891
Capital Gain Net Income $508,891
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $27,149,953

Grants Awarded

Over the last fiscal year, Wellspring Foundation Of Southwest Virginia has awarded $4,885,853 in support to 21 organizations.

Grant RecipientAmount

APPALACHIAN HIGHLANDS COMM DENTAL

PURPOSE: COMMUNITY SUPPORT

$213,699

FAIRVIEW HOUSING MANAGEMENT CORP

PURPOSE: COMMUNITY SUPPORT

$200,000

COMMUNITIES IN SCHOOLS OF APP HIGH

PURPOSE: COMMUNITY SUPPORT

$227,380

UNITED WAY OF SW VA

PURPOSE: COMMUNITY SUPPORT

$122,040

MOUNT ROGERS COMMUNITY SERVICES

PURPOSE: COMMUNITY SUPPORT

$16,769

RUSSELL COUNTY VA

PURPOSE: COMMUNITY SUPPORT

$20,146
View Grant Profile

Peer Organizations

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Goodlettsville, TN
$27,039,786
Sibley Memorial Hospital Foundation
Washington, DC
$19,762,410
Baptist Memorial Health Care Foundation
Memphis, TN
$67,196,840
North Carolina Agricultural Foundation Inc
Raleigh, NC
$20,780,071
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem
Lexington, KY
$20,699,070
Legacy Foundation Of Kentuckiana Inc
Lexington, KY
$8,095,736
University Of Maryland St Joseph Foundation Inc
Towson, MD
$7,085,365
Childrens Hospital Foundation
Louisville, KY
$23,012,177
Johns Hopkins All Childrens Foundation Inc
Baltimore, MD
$23,309,546
Fauquier Health Foundation
Warrenton, VA
$20,808,855
Ky Hospital Research & Education Foundation Inc
Louisville, KY
$14,278,685
Foundation Of Firsthealth Inc
Pinehurst, NC
$10,335,371
Le Bonheur Childrens Hospital Foundation
Memphis, TN
$25,371,884
West Virginia University Hospitals East Inc
Martinsburg, WV
$13,763,318
Ourcare Inc
Lanham, MD
$17,670,833
Communicare Services
Elizabethtown, KY
$20,763,461
Keswick Foundation Inc
Baltimore, MD
$8,660,100
Plumbers And Pipefitters L U 572 Health And Welfare Fund
Goodlettsville, TN
$15,827,005
Virginia Transformer Corp Health Care Benefits Trust
Roanoke, VA
$11,914,144
Washington Wholesalers Health And Welfare Fund
Columbia, MD
$8,907,392
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1
Charlottesville, VA
$393,399
Plumbers And Steamfitters Union 10 Health And Welfare Fund
Goodlettsville, TN
$9,771,623
Laborers Health & Safety Fund Of North America
Washington, DC
$10,400,521
Alliance Of Community Health Plans Inc
Washington, DC
$8,816,188
Teamsters Local 922 Employers Health Trust
Columbia, MD
$8,964,485

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