Despirt Foundation Inc
Despirt Foundation Inc is a private foundation, based in BUFFALO, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33K in total assets. In 2024, it awarded 19 grants totaling $6K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33K
-8.2% YoY
Annual Giving
$6K
+3.0% YoY
Grant Count
19
-5.0% YoY
Avg Grant Size
$326.316
+8.4% YoY
Under IRS private-foundation payout rules, Despirt Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Despirt Foundation Inc
Based on IRS filings
Despirt Foundation Inc is a private foundation, based in BUFFALO, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33K in total assets. In 2024, it awarded 19 grants totaling $6K. Net investment income was $5K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,142 | $36,083 | $38,672 |
| Revenue | $6,699 | $6,226 | $4,258 |
| Expenses | $9,640 | $8,815 | $6,882 |
| Qualifying Distributions | $6,200 | $6,020 | $5,860 |
| Net Investment Income | $4,669 | $4,300 | $2,064 |
| Distributable Amount | $6,663 | $6,029 | $6,153 |
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
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Canisius College ($2,900), Canisius High School ($525), D' Youville College ($525).
| Recipient | Purpose | Amount |
|---|---|---|
| ARTPARK & COMPANY INC LEWISTON, NY | QUALIFYING CHARITY | $120 |
| BROTHERS OF MERCY CLARENCE, NY | QUALIFYING CHARITY | $120 |
| BUFFALO PHILHARMONIC ORCHESTRA SOCIETY INC BUFFALO, NY | QUALIFYING CHARITY | $120 |
| CANISIUS COLLEGE BUFFALO, NY | QUALIFYING CHARITY | $2,900 |
| CANISIUS HIGH SCHOOL BUFFALO, NY | QUALIFYING CHARITY | $525 |
| CANTALICIAN CENTER FOR LEARNING DEPEW, NY | QUALIFYING CHARITY | $185 |
| D' YOUVILLE COLLEGE BUFFALO, NY | QUALIFYING CHARITY | $525 |
| GERARD PLACE BUFFALO, NY | QUALIFYING CHARITY | $235 |
| HAUPTMAN WOODWARD MEDICAL RESEARCH BUFFALO, NY | QUALIFYING CHARITY | $235 |
| HOLY CROSS MISSIONS NOTRE DAME, IN | QUALIFYING CHARITY | $120 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELE O HEFFERNAN | DIRECTOR | 1 | — |
| WILLIAM BUSGAGLIA | DIRECTOR | 1 | — |
| PETER M HEFFERNAN | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Despirt Foundation Inc?
As of 2024, Despirt Foundation Inc holds $33K in total assets with $7K in annual revenue. It awarded 19 grants totaling $6K in 2024.
Where does Despirt Foundation Inc operate?
Despirt Foundation Inc has awarded grants in Indiana, New York.
What size grants does Despirt Foundation Inc award?
In 2024, Despirt Foundation Inc awarded 19 grants totaling $6K — an average of about $326.316 per grant, based on its IRS Form 990 filings.
How much is Despirt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Despirt Foundation Inc reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Despirt Foundation Inc's EIN?
Despirt Foundation Inc's EIN (Employer Identification Number) is 16-6034186. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Despirt Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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