Hi Susan,
Thank you for contacting Mearto with your appraisal inquiry.
Hummel figures were incredibly popular among collectors in the 1950s-1990s; those tend to bring an average of $10-30 at auction though ones made earlier, in the 30s-40s, usually bring higher prices at auction.
Based on the photos and information provided, and subject to examination, this is:

A M.I. Hummel painted porcelain “Wayside Devotion” collectible figurine
Made in Germany, bearing the impressed TMK1 “WG” Crown Mark, in use 1935-1949
7 ¼ inches
CONDITION: client attests this has some crazing to glaze but no chips or cracks
PROVENANCE: inherited
$300-500*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, and thank you again for using Mearto.