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Filing year 2023

WELLSPRING PHILANTHROPIC FUND INC

New York, New York·EIN 22-3692921·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$329.3M
Total assets
$134.4M
Total expenses
$372.1M
Reported officers
8

Executive compensation

Form 990-PF · Part VIII · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York.

President/trustee
Board President
Above 90th percentile
$916k
$1M
General Counsel & Secretary
Board Secretary
Above 90th percentile
$611k
$685k
Treasurer/director of Finance
Unclassified
$379k
$425k
Foreign Grants Officer
Unclassified
$27k
$30k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WELLSPRING PHILANTHROPIC FUND INC equaled 0.2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$326M

Itemized grants

1,101

Median grant

$200k

RecipientLocationPurposeAmount
AMERICAN JEWISH WORLD SERVICE INCNEW YORK, NYPROGRAMMATIC AND INSTITUTIONAL SUPPORT$9.8M
NEO PHILANTHROPY INCNEW YORK, NYADVANCING CIVIC ENGAGEMENT$6.5M
HUMAN RIGHTS WATCH INCNEW YORK, NYADVANCING HUMAN RIGHTS$4.9M
NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE (NAACP) EMPOWERMBALTIMORE, MDADVANCING CIVIC ENGAGEMENT$3M
WINDWARD FUNDWASHINGTON, DCADVANCING CIVIC ENGAGEMENT AND EXPANDING ECONOMIC OPPORTUNITY$3M
FUND FOR GLOBAL HUMAN RIGHTSWASHINGTON, DCGENERAL OPERATIONS, LATIN AMERICA JUSTICE, CHILDREN'S RIGHTS PROGRAM AND CIVIC FUTURES$2.7M
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INCNEW YORK, NYGENERAL OPERATING SUPPORT AND PROGRAM SUPPORT FOR VOTING, LGBT, AND WOMEN'S RIGHTS$2.5M
THE AGENCY FUNDSAN FRANCISCO, CAGENERAL OPERATING SUPPORT$2.5M
INNOVATIONS FOR POVERTY ACTION A NONPROFIT CORPORATIONWASHINGTON, DCEPSD PROGRAM - EVIDENCE CONSOLIDATION ON SOFT-SKILLS IN WORKFORCE DEVELOPMENT$2.3M
MASSACHUSETTS INSTITUTE OF TECHNOLOGYCAMBRIDGE, MAJOBS AND OPPORTUNITY INITIATIVE - SOFT SKILLS CONSOLIDATION RESEARCH$2.3M
GDI SOLUTIONS INCWASHINGTON, DCSTRENGTHENING ECONOMIC DEVELOPMENT$2M
ACCELERATE CHANGE INCBOSTON, MAGENERAL OPERATING SUPPORT$2M
ALLIANCE FOR YOUTH ORGANIZINGWASHINGTON, DCGENERAL OPERATING SUPPORT$2M
AMALGAMATED CHARITABLE FOUNDATION INCWASHINGTON, DCEXPANDING ECONOMIC OPPORTUNITY$2M
NEW VENTURE FUNDWASHINGTON, DCADVANCING CIVIC ENGAGEMENT$2M
THE AGENCY FUNDSAN FRANCISCO, CAGENERAL OPERATING SUPPORT$1.7M
NEO PHILANTHROPY INCNEW YORK, NYADVANCING CIVIC ENGAGEMENT$1.7M
NEO PHILANTHROPY INCNEW YORK, NYADVANCING CIVIC ENGAGEMENT$1.5M
SOUTHERN PARTNERS FUNDATLANTA, GAGENERAL OPERATING SUPPORT$1.5M
AMNESTY INTERNATIONAL LIMITEDUKADVANCING HUMAN RIGHTS$1.3M
AFRICA TRANSITIONAL JUSTICE LEGACY FUNDGHADVANCING TRANSITIONAL JUSTICE IN AFRICA$1.3M
THE AMERICAN CONSTITUTION SOCIETY FOR LAW AND POLICYWASHINGTON, DCGENERAL OPERATING SUPPORT$1.3M
THE GLOBAL FUND FOR WOMEN INCSAN FRANCISCO, CAADVANCING WOMEN'S RIGHTS$1.2M
BOREALIS PHILANTHROPYMINNEAPOLIS, MNADVANCING LGBTQI RIGHTS$1.2M
PROGRESS NOW EDUCATIONEARLYSVILLE, VAVOTING & ELECTIONS STATE COMMUNICATIONS HUBS$1.2M
Compare this foundation's grantees

Up 14%
from 2022

From $807k in 2022 to $916k in 2023.

$807k
2022
$916k
2023
In today's dollarsEst.
Up 9% in real terms$940k to $1M

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 14% from 2022 to 2023, while revenue fell 12%.

$807k in 2022 to $916k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about WELLSPRING PHILANTHROPIC FUND INC

What does the Board President of WELLSPRING PHILANTHROPIC FUND INC earn?

In 2023, the Board President of WELLSPRING PHILANTHROPIC FUND INC received $916,072 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in New York: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at WELLSPRING PHILANTHROPIC FUND INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York, the 2023 pay of the Board President at WELLSPRING PHILANTHROPIC FUND INC falls in the top 10%. In 2023, the highest total compensation at WELLSPRING PHILANTHROPIC FUND INC equaled 0.2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are WELLSPRING PHILANTHROPIC FUND INC's revenue and expenses?

In 2023, WELLSPRING PHILANTHROPIC FUND INC reported $329.3M in total revenue and $372.1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.