David & Sandra Millspaugh Foundation Inc

BOULDER, CO EIN: 82-3475250

The David & Sandra Millspaugh Foundation Inc. is a private foundation based in Boulder, Colorado. The foundation was established and became tax-exempt in February 2019.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.0M

-1.4% YoY

Annual Giving

$240K

+6.7% YoY

Grant Count

15

+0.0% YoY

Avg Grant Size

$16K

+6.7% YoY

Under IRS private-foundation payout rules, David & Sandra Millspaugh Foundation Inc reported a distributable amount of $250K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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Geographic Focus

Where this funder awards grants

The foundation is located in Boulder, Colorado.

Grant Distribution by State

7states

Cities

AshevilleBoulderDavisDenverEtnaGrand JunctionGreenbraeGreenwood VillageGunnisonHygieneLarkspurLongmontLos AngelesNew YorkRaleighRedwood CitySan FranciscoTampaWashington

Financial History

Multi-year comparison from IRS filings

Based on the most recent IRS Form 990 filing (2023):

  • Total Assets: $4,028,967
  • Total Giving: $225,000
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$96K$192K$288K$384K20202021202220232024
Metric202420232022
Total Assets$3,971,426$4,028,967$4,233,221
Revenue$215,943$49,764$86,947
Expenses$273,484$254,018$332,769
Qualifying Distributions$240,000$225,000$281,533
Net Investment Income$215,943$93,053$60,213
Distributable Amount$250,400$229,046$236,529

Giving Over Time

Total grant dollars and number of grants per year

$0$70K$140K$210K$280K14 grants202012 grants202119 grants202215 grants202315 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

ROCKY MOUNTAIN EQUALITY$50KTHE COMMUNITY FOUNDATION…$48KCOLORADO HORSE RESCUE$30KREDWOOD HIGH SCHOOL$20KGREAT ESCAPE MUSTANG$15KWORLD CENTRAL KITCHEN$15KFEEDING AMERICA TAMPA BAY$10KSPARK - THE LARKSPUR COR…$10KNORTH CAROLINA COMMUNITY…$8KASHEVILLE HUMANE SOCIETY$8K

Grant Size Distribution

75 grants across all recorded years

74<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Rocky Mountain Equality ($50,000), The Community Foundation of Western North Carolina - Helene Recovery ($48,000), Colorado Horse Rescue ($30,000).

RecipientPurposeAmount
COLORADO HORSE RESCUE LONGMONT, COCHARITABLE$30,000
FEEDING AMERICA TAMPA BAY TAMPA, FLCHARITABLE$10,000
GREAT ESCAPE MUSTANG HYGIENE, COCHARITABLE$15,000
ROCKY MOUNTAIN EQUALITY BOULDER, COCHARITABLE$50,000
REDWOOD HIGH SCHOOL REDWOOD CITY, CACHARITABLE$20,000
SPARK - THE LARKSPUR CORTE MADERA SCHOOLS FDN LARKSPUR, CACHARITABLE$10,000
THE SPRING OF TAMPA BAY INC TAMPA, FLCHARITABLE$5,000
USF FOUNDATION TAMPA, FLCHARITABLE$5,000
WORLD CENTRAL KITCHEN WASHINGTON, DCCHARITABLE$15,000
THE AMERICAN RED CROSS WESTERN NORTH CAROLINA CHAPTER ASHEVILLE, NCCHARITABLE$6,500

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation was named after David Lee Millspaugh and Sandra Sims Millspaugh. David Lee Millspaugh was born April 22, 1942, in Keokuk, Iowa, and passed away on September 6, 2021, in Boulder, Colorado. He was married to Sandra for 50 years.

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
SANDRA MILLSPAUGHPRESIDENT1
JACOB MILLSPAUGHVICE-PRESIDENT & SECRETARY1

Frequently Asked Questions

Where does David & Sandra Millspaugh Foundation Inc make grants?

The foundation is located in Boulder, Colorado.

What size grants does David & Sandra Millspaugh Foundation Inc award?

In 2024, David & Sandra Millspaugh Foundation Inc awarded 15 grants totaling $240K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is David & Sandra Millspaugh Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David & Sandra Millspaugh Foundation Inc reported a distributable amount of $250K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is David & Sandra Millspaugh Foundation Inc's EIN?

David & Sandra Millspaugh Foundation Inc's EIN (Employer Identification Number) is 82-3475250. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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