Nonprofit · EIN 22-2541749
FRANKLIN H AND RUTH L WELLS FOUNDATION
Tax-exempt · BUFFALO, NY 14240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990-PF | $584,063 | $370,959 | $213,104 | $6,200,621 | $0 | $6,200,621 |
| May 31, 2025 | 990-PF | $581,234 | $316,479 | $264,755 | $5,979,331 | $0 | $5,979,331 |
| May 31, 2024 | 990-PF | $306,841 | $341,542 | -$34,701 | $5,714,890 | $0 | $5,714,890 |
Financial details: 990-PF for the year ended May 31, 2026
Revenue
- Dividends
- $178,092
- Interest
- $6,501
- Net gain from sales of assets
- $399,470
Expenses
- Grants and similar amounts paid
- $305,500
- Compensation of officers, directors and key employees
- $39,069
- Disbursements for charitable purposes
- $331,343
- Excise tax on investment income
- $7,718
Balance sheet and other
- Total assets, start of year
- $5,979,331
- Total assets, end of year
- $6,200,621
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,200,621
- Fair market value of assets
- $7,604,265
- Qualifying distributions
- $331,343
- Net investment income
- $584,063
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M AND T TRUST COMPANY PO BOX 1504, BUFFALO, NY 14240 | TRUSTEE | 2 | $25,869 |
| JOSEPH A MACRI 488 S MEADOW LANE, HUMMELSTOWN, PA 17036 | EXECUTIVE DIRECTOR | 1 | $13,200 |
990-PF for the year ended May 31, 2025: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M AND T TRUST COMPANY PO BOX 1504, BUFFALO, NY 14240 | TRUSTEE | 20 | $24,826 |
| JOSEPH A MACRI PO BOX 1504, BUFFALO, NY 14240 | EXECUTIVE DIRECTOR | 10 | $12,100 |
990-PF for the year ended May 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M AND T TRUST COMPANY 626 Commerce Drive, Amherst, NY 14228 | TRUSTEE | 20 | $24,023 |
| JOSEPH A MACRI 626 Commerce Drive, Amherst, NY 14228 | EXECUTIVE DIRECTOR | 0 | $9,900 |
Address and contacts
- Address (IRS master file)
- PO BOX 1504, BUFFALO, NY 14240-1504
- In care of
- % JOSEPH A MACRI
- Signed the 990-PF
- MANUFACTURERS TRADERS TRUST CO, SVP
- Phone
- (239) 397-5002
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990-PF on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-2541749
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1984
- Accounting year ends
- May
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,200,621
- Income (IRS master file)
- $1,171,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2026 | $584,063 | $370,959 | $6,200,621 | XML |
| 990-PF | May 2025 | $581,234 | $316,479 | $5,979,331 | XML |
| 990-PF | May 2024 | $306,841 | $341,542 | $5,714,890 | XML |
| 990-PF | May 2023 | – | – | – | IRS |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2541749).
Questions about FRANKLIN H AND RUTH L WELLS FOUNDATION
- What is the EIN of FRANKLIN H AND RUTH L WELLS FOUNDATION?
- The employer identification number (EIN) of FRANKLIN H AND RUTH L WELLS FOUNDATION is 22-2541749.
- Is FRANKLIN H AND RUTH L WELLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FRANKLIN H AND RUTH L WELLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANKLIN H AND RUTH L WELLS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANKLIN H AND RUTH L WELLS FOUNDATION due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN H AND RUTH L WELLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2026.
- Who are the officers and directors of FRANKLIN H AND RUTH L WELLS FOUNDATION?
- The 990-PF for the year ended May 31, 2026 lists 2 people; 2 received compensation from the organization, the highest $25,869 (M AND T TRUST COMPANY, TRUSTEE).
- How much revenue does FRANKLIN H AND RUTH L WELLS FOUNDATION have?
- On its 990-PF for the year ended May 31, 2026 it reported revenue of $584,063, expenses of $370,959 and total assets of $6,200,621 at year end.
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