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 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 8 grants totaling $370K. Net investment income was $117K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
-8.1% YoY
Annual Giving
$370K
+5.3% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$46K
+5.3% YoY
Under IRS private-foundation payout rules, Frank K Spain Foundation Inc reported a distributable amount of $341K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank K Spain Foundation Inc
Based on IRS filings
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 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 8 grants totaling $370K. Net investment income was $117K.
Focus Areas
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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 | $7,668,327 | $8,339,745 | $8,698,711 |
| Revenue | $-123,181 | $187,877 | $143,938 |
| Expenses | $577,800 | $492,126 | $544,290 |
| Qualifying Distributions | $370,000 | $351,500 | $440,000 |
| Net Investment Income | $117,028 | $163,975 | $141,438 |
| Distributable Amount | $341,132 | $366,629 | $408,386 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Positive Tomorrows ($100,000), Hardin Count Sch District ($98,625), Harding County School District ($58,875).
| Recipient | Purpose | Amount |
|---|---|---|
| REGIONAL REHAB CENTER TUPELO, MS | DYSLEXIA PROGRAM SUPPORT | $20,000 |
| WEST JUPITER COMMUNITY CENTER GROUP JUPITER, FL | EDNA RUNNER TUTORIAL CENTER | $25,000 |
| HARDIN COUNT SCH DISTRICT SAVANNAH, TN | FOR TRAINING TUTORS FOR ELEMENTARY | $98,625 |
| WINNING FUTURES CO KRIS MARSHALL WARREN, MI | LIFE SKILL INSTRUC/MENTORING | $50,000 |
| BANNER LAKE EARLY LEARNING CENTER HOBE SOUND, FL | EARLY LEARNING PROGFOR VULNERABLE CH | $15,000 |
| STOCKTON MO R-1 MIDDLE SCHOOL STOCKTON, MO | LIFE SKILLS CLASS FOR HIGH SCH | $2,500 |
| POSITIVE TOMORROWS OKLAHOMA CITY, OK | HOMELESS CHILDREN EDUCATION SPT | $100,000 |
| HARDING COUNTY SCHOOL DISTRICT SAVANNAH, TN | TRAIN TUTORS FOR ELEM READING INSTR | $58,875 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTIN BUSE | TREASURER | — | $15,000 |
| PHIL SULLIVAN | VICE PRESIDE | — | — |
| MATTHEW M DEE | DIRECTOR | — | — |
| JANE DEE SPAIN | PRESIDENT | — | — |
| JENNIFER DENNINGTON | DIRECTOR | — | — |
| JILL LINGARD | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $7.7M in total assets as of 2024.
How large is Frank K Spain Foundation Inc?
As of 2024, Frank K Spain Foundation Inc holds $7.7M in total assets with $-123,181 in annual revenue. It awarded 8 grants totaling $370K in 2024.
Where does Frank K Spain Foundation Inc operate?
Frank K Spain Foundation Inc has awarded grants in District of Columbia, Florida, Michigan, Missouri, Mississippi, Oklahoma, Tennessee.
What size grants does Frank K Spain Foundation Inc award?
In 2024, Frank K Spain Foundation Inc awarded 8 grants totaling $370K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Frank K Spain Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank K Spain Foundation Inc reported a distributable amount of $341K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Frank K Spain 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.