Aerospike Foundation Inc

Foundation · Grantmaker New York, NY EIN: 85-2107872

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

8states

Share of all 12 itemized 2024 grant dollars.

Cities

EncinitasSan DiegoLa JollaRancho Santa FeNew YorkWashingtonAlbanyEnchinitasRio RanchoBoca RatonCherry ValleyDelray BeachNorth BabylonPotomacVarnvilleWoodstock

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M7 grants20207 grants202113 grants20225 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Uc San Diego Foundation: $400KUc San Diego Foundation$400KCommittee to Unleash Prosperity: $150KCommittee to UnleashProsperity$150KThe Comfort Club: $125KThe Comfort Club$125KScripps Health: $100KScripps Health$100KSalk Institute for Biological Studies: $75KSalk Institute for BiologicalStudies$75KRancho Coastal Humane Society: $55KRancho Coastal Humane Society$55KSes Tennis Center Benefit: $17KSes Tennis Center Benefit$17KCity of Vision: $5KCity of Vision$5KThe Vision of Children Foundation: $5KThe Vision of ChildrenFoundation$5KSt Felix Pantry: $5KSt Felix Pantry$5K

Grant Size Distribution

44 grants across all recorded years

29<$50K9$50–100K4$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
UC SAN DIEGO FOUNDATION La Jolla, CAEDUCATION$400,000
COMMITTEE TO UNLEASH PROSPERITY Potomac, MDEDUCATION$150,000
THE COMFORT CLUB Enchinitas, CAEDUCATION$125,000
SCRIPPS HEALTH San Diego, CAMEDICAL$100,000
SALK INSTITUTE FOR BIOLOGICAL STUDIES La Jolla, CAMEDICAL RESEARCH$75,000
RANCHO COASTAL HUMANE SOCIETY Encinitas, CAMEDICAL$55,000
SES TENNIS CENTER BENEFIT Rancho Santa Fe, CAEDUCATION$17,000
CITY OF VISION Cherry Valley, MAMEDICAL$5,000
THE VISION OF CHILDREN FOUNDATION San Diego, CAMEDICAL$5,000
ST FELIX PANTRY Rio Rancho, NMWELLNESS$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M20202021202220232024
Metric202420232022
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

  1. 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.

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