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Nonprofiteer
← WELLINGTON MANAGEMENT FOUNDATION

Form 990 for tax year 2024

Filed by WELLINGTON MANAGEMENT FOUNDATION.

Totals

Total revenue
$11,829,758
Total expenses
$7,364,686
Contributions and grants received
$2,909,518
Grants paid
$7,020,000
Program service revenue
$0
Investment income
$8,920,240
Other revenue
$0
Total assets, end of year
$46,540,318
Total liabilities, end of year
$5,481,500
Net assets or fund balances, end of year
$41,058,818
Program services expenses (Part IX)
$7,172,840
Management and general expenses
$153,488
Fundraising expenses
$38,358
Program service expenses (Part III)
$7,132,840

Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,909,518

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,228,894 · excluded $1,228,894

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $56,572,724

  • 7b · Less cost or other basis and sales expenses

    securities $48,881,378

  • 7c · Gain or loss

    securities $7,691,346 · other assets $0

  • 7d · Net gain or loss

    total $7,691,346 · excluded $7,691,346

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,970,000 · program services $4,970,000

  • 3 · Grants to foreign organizations and individuals

    total $2,050,000 · program services $2,050,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $121,874 · program services $79,925 · management and general $41,949 · fundraising $0

  • 11c · Fees: accounting

    total $53,250 · program services $0 · management and general $53,250 · fundraising $0

  • 11g · Fees: other

    total $112,645 · program services $60,781 · management and general $51,864 · fundraising $0

  • 14 · Information technology

    total $33,302 · program services $0 · management and general $0 · fundraising $33,302

  • 16 · Occupancy

    total $23,595 · program services $12,134 · management and general $6,405 · fundraising $5,056

  • 24a · Other expenses: BANK FEES

    total $20 · program services $0 · management and general $20 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,489,982 · end of year $2,389,643

  • 3 · Pledges and grants receivable

    beginning of year $208,167 · end of year $202,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $140,000

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $43,727,373 · end of year $43,808,175

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $46,500

  • 18 · Grants payable

    beginning of year $6,569,373 · end of year $5,295,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $270,206 · end of year $140,000

  • 27 · Net assets without donor restrictions

    beginning of year $40,544,117 · end of year $41,058,818

  • 28 · Net assets with donor restrictions

    beginning of year $41,826 · end of year $0

Mission and programs · 2024

Mission

TO SUPPORT BEST-IN-CLASS PROGRAMS AND ORGANIZATIONS IN OUR COMMUNITIES THAT IMPROVE THE EDUCATION AND EDUCATIONAL OPPORTUNITIES FOR UNDER-RESOURCED YOUTH.

Activities or mission (Part I)

See Schedule O

  • GRANTS TO CHARITABLE ORGANIZATIONS - IN 2024 THE FOUNDATION FUNDED 75 DOMESTIC ORGANIZATIONS AND 17 FOREIGN ORGANIZATIONS WITH GRANTS RANGING IN SIZE FROM $30,000 TO $1,090,000. WELLINGTON MANAGEMENT COMPANY LLP (WMC) PAYS THE OPERATING EXPENSES OF THE FOUNDATION AND PROVIDES OFFICE SPACE, INVESTMENT ADVISORY SERVICES AND ADMINISTRATIVE SUPPORT, VALUED AT $297,241 AT NO CHARGE TO THE FOUNDATION. DURING 2024, WMC PAID FOUNDATION EXPENSES THAT TOTALED $179,009.

    Expenses $7,132,840 · Grants $6,980,000

As filed on the 2024 return.

Listed in Part VII

  • WELLINGTON TRUST COMPANY NA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WELLINGTON MANAGEMENT GRP LLP

    N/A · INVESTMENT MANAGEMENT · MA

    Directly controlled by NA

  • WELLINGTON GROUP HOLDINGS LLP

    N/A · HOLDING COMPANY · MA

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202523179349309532

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