Aerospike Foundation Inc
Aerospike Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 12 grants totaling $942K. Net investment income was $801K.
Key facts about Aerospike Foundation Inc
In short: Aerospike Foundation Inc gave $942K across 12 grants in 2024 (avg $79K), mostly in California. 42% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 85-2107872
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $942,350
- Grants made (2024)
- 12
- Average grant
- $78,529
- Median grant
- $36,000
- New grantees (estimate)
- 42% first-time grantees (5 of 12, 2024)
- Total assets
- $5,250,282
- Primary geography
- California (82% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
+7.0% YoY
Annual Giving
$942K
+72.9% YoY
Grant Count
12
+140.0% YoY
Avg Grant Size
$79K
-28.0% YoY
Under IRS private-foundation payout rules, Aerospike Foundation Inc reported a distributable amount of $309K for 2024 — the minimum it must pay out in qualifying distributions.
Is Aerospike Foundation Inc open to new grantees?
42%
first-time grantees, 2024
In 2024, 5 of 12 grantees (42%) were first-time recipients. First grants averaged $24K; repeat grants $118K. How we count
Medians: $5K first-time, $75K repeat.
- 25% of 2024 grantees were also funded in 2023. Method
- Giving grew 274% from 2021 to 2024. Method
- In 2024 it paid out 305% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UC SAN DIEGO FOUNDATION La Jolla, CA | EDUCATION | $400,000 |
| COMMITTEE TO UNLEASH PROSPERITY Potomac, MD | EDUCATION | $150,000 |
| THE COMFORT CLUB Enchinitas, CA | EDUCATION | $125,000 |
| SCRIPPS HEALTH San Diego, CA | MEDICAL | $100,000 |
| SALK INSTITUTE FOR BIOLOGICAL STUDIES La Jolla, CA | MEDICAL RESEARCH | $75,000 |
| RANCHO COASTAL HUMANE SOCIETY Encinitas, CA | MEDICAL | $55,000 |
| SES TENNIS CENTER BENEFIT Rancho Santa Fe, CA | EDUCATION | $17,000 |
| CITY OF VISION Cherry Valley, MA | MEDICAL | $5,000 |
| THE VISION OF CHILDREN FOUNDATION San Diego, CA | MEDICAL | $5,000 |
| ST FELIX PANTRY Rio Rancho, NM | WELLNESS | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,250,282 | $4,907,913 | $5,151,838 |
| Revenue | $2,181,541 | $321,806 | $390,826 |
| Expenses | $963,327 | $565,731 | $408,111 |
| Qualifying Distributions | $942,350 | $545,000 | $380,000 |
| Net Investment Income | $800,634 | $301,075 | $362,715 |
| Distributable Amount | $308,510 | $290,604 | $302,798 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Aerospike Foundation Inc is led by Charles Brandes, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles Brandes
President
On filings since 2020
No compensation reported
Deirdre Brandes-Oei
Director
On filings since 2020
No compensation reported
Renee Brandes
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Aerospike Foundation Inc
How much does Aerospike Foundation Inc give each year?
Aerospike Foundation Inc gave $942K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $545K across 5 grants.
What is Aerospike Foundation Inc's typical grant size?
Aerospike Foundation Inc's median grant in 2024 was $36,000, and its average grant was $78,529, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Aerospike Foundation Inc that year got $24K on average.
Where does Aerospike Foundation Inc give grants?
Aerospike Foundation Inc gives mostly in California: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (16%). The most frequent recipient cities were La Jolla, CA (2 grants), San Diego, CA (2 grants) and New York, NY (2 grants).
Does Aerospike Foundation Inc give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Aerospike Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (5 grants) and "Medical" (4 grants).
Who are Aerospike Foundation Inc's largest grantees?
Aerospike Foundation Inc's largest 2024 grantees include Uc San Diego Foundation ($400,000), Committee to Unleash Prosperity ($150,000) and The Comfort Club ($125,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Aerospike Foundation Inc?
Aerospike Foundation Inc reported $5.3M in total assets on its 2024 IRS Form 990-PF. It paid out $942K in qualifying distributions that year, against a required minimum of $309K (roughly 5% of its investment assets).
What is Aerospike Foundation Inc?
Aerospike Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $5.3M in total assets as of 2024.
What is Aerospike Foundation Inc's EIN?
Aerospike Foundation Inc's EIN (Employer Identification Number) is 85-2107872. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Aerospike Foundation Inc by hand.
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