Charles F Spang Foundation

PITTSBURGH, PA EIN: 25-6024577

Charles F Spang Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $714K in total assets. In 2024, it awarded 1 grants totaling $37K. Net investment income was $31K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$714K

-0.9% YoY

Annual Giving

$37K

-4.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$37K

-4.8% YoY

Under IRS private-foundation payout rules, Charles F Spang Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles F Spang Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $196K (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$714,465	$720,957	$751,509
Revenue	$39,824	$17,288	$-1,026
Expenses	$47,025	$47,712	$55,059
Qualifying Distributions	$38,649	$38,961	$44,807
Net Investment Income	$31,471	$9,827	$8,404
Distributable Amount	$40,431	$37,114	$38,955

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Pittsburgh ($36,662).

Recipient	Purpose	Amount
UNIVERSITY OF PITTSBURGH PITTSBURGH, PA	GENERAL SUPPORT	$36,662

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK N A	TRUSTEE	2	$9,937

Frequently Asked Questions

How large is Charles F Spang Foundation?

As of 2024, Charles F Spang Foundation holds $714K in total assets with $40K in annual revenue. It awarded 1 grants totaling $37K in 2024.

Where does Charles F Spang Foundation operate?

Charles F Spang Foundation has awarded grants in Pennsylvania.

What size grants does Charles F Spang Foundation award?

In 2024, Charles F Spang Foundation awarded 1 grants totaling $37K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is Charles F Spang Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles F Spang Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.