Frank K Spain Foundation Inc
Frank K Spain Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Tupelo, MS. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $7.3M in total assets. In 2025, it awarded 6 grants totaling $359K. Net investment income was $128K.
Frank K Spain Foundation Inc at a glance
In short: Frank K Spain Foundation Inc gave $359K across 6 grants in 2025 (avg $60K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $358,926
- -3.0% vs 2024
- Grants made (2025)
- 6
- -25.0% vs 2024
- Average grant
- $59,821
- +29.3% vs 2024
- Median grant
- $27,500
- Total assets
- $7,260,733
- -5.3% vs 2024
- Primary geography
- Tennessee (74% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Frank K Spain Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Hardin Count Sch District ($161K). Together the top 6 received $359K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 16 grants of 30 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Frank K Spain Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $352K (2023) to $500K (2021). In 2025 it made 6 grants totaling $359K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hardin Count Sch District Savannah, TN | For Training Tutors for Elementary | $160,582 |
| Henderson County TN Schools Lexington, TN | Training Tutors for Elementary Sch | $103,344 |
| Regional Rehab Center Tupelo, MS | Dyslexia Program Support | $30,000 |
| West Jupiter Community Center Group Jupiter, FL | Edna Runner Tutorial Center | $25,000 |
| Winning Futures Co Kris Marshall Warren, MI | Life Skill Instruc/Mentoring | $25,000 |
| Banner Lake Early Learning Center Hobe Sound, FL | Early Learning Progfor Vulnerable Ch | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,260,733 | $166,551 | $574,045 | $358,926 | 6 | $358,926 | $128,042 | $313,734 |
| 2024 | $7,668,327 | $-123,181 | $577,800 | $370,000 | 8 | $370,000 | $117,028 | $341,132 |
| 2023 | $8,339,745 | $187,877 | $492,126 | $351,500 | 8 | $351,500 | $163,975 | $366,629 |
| 2022 | $8,698,711 | $143,938 | $544,290 | $440,000 | 7 | $440,000 | $141,438 | $408,386 |
| 2021 | $9,099,063 | $3,272 | $587,867 | $500,000 | 1 | — | — | $439,813 |
Under IRS private-foundation payout rules, Frank K Spain Foundation Inc reported a distributable amount of $314K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank K Spain Foundation Inc is led by Jane Dee Spain, President on every filing since 2021; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Jane Dee Spain
President
On filings since 2021
No compensation reported
Jennifer Dennington
Director
On filings since 2021
No compensation reported
Matthew M. Dee
Director
On filings since 2021
No compensation reported
Jill Lingard
Director
On filings since 2022
No compensation reported
Kristin Buse
Treasurer
On filings since 2021
$15K (2021) → $15K (2025)
Phil Sullivan
Vice President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Kristin Buse (Treasurer).
Frequently asked questions about Frank K Spain Foundation Inc
How much does Frank K Spain Foundation Inc give each year?
Frank K Spain Foundation Inc gave $359K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $370K across 8 grants.
What is Frank K Spain Foundation Inc's typical grant size?
Frank K Spain Foundation Inc's median grant in 2025 was $27,500, and its average grant was $59,821, across 6 grants on its 2025 IRS Form 990-PF.
Where does Frank K Spain Foundation Inc give grants?
Frank K Spain Foundation Inc gives mostly in Tennessee: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (11%) and Mississippi (8%).
Does Frank K Spain Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Frank K Spain Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Frank K Spain Foundation Inc's largest grantees?
Frank K Spain Foundation Inc's largest 2025 grantees include Hardin Count Sch District ($160,582), Henderson County TN Schools ($103,344) and Regional Rehab Center ($30,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is Frank K Spain Foundation Inc?
Frank K Spain Foundation Inc reported $7.3M in total assets on its 2025 IRS Form 990-PF. It paid out $359K in qualifying distributions that year, against a required minimum of $314K (roughly 5% of its investment assets).
What is Frank K Spain Foundation Inc?
Frank K Spain Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Tupelo, MS. It holds $7.3M in total assets as of 2025.
What is Frank K Spain Foundation Inc's EIN?
Frank K Spain Foundation Inc's EIN (Employer Identification Number) is 31-1644348. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
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