G N Spencer Foundation # 1
G N Spencer Foundation # 1 is a private foundation focused on Human services, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $164K in total assets. In 2025, it awarded 1 grant totaling $9K. Net investment income was $15K.
G N Spencer Foundation # 1 at a glance
In short: G N Spencer Foundation # 1 gave $9K across 1 grant in 2025 (avg $9K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $9,473
- +38.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $9,473
- +38.6% vs 2024
- Median grant
- $9,473
- Total assets
- $164,498
- +2.1% vs 2024
- Primary geography
- Iowa (100% 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 G N Spencer Foundation # 1 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Children and Families of Iowa ($9K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How G N Spencer Foundation # 1 gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 118% 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 2019 to 2025, annual grant giving ranged from $6K (2023) to $9K (2025). In 2025 it made 1 grant totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children and Families of Iowa Des Moines, IA | Unrestricted General | $9,473 |
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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 | $164,498 | $18,092 | $14,737 | $9,473 | 1 | $11,363 | $14,986 | $9,631 |
| 2024 | $161,192 | $16,347 | $11,695 | $6,835 | 1 | $8,655 | $13,195 | $9,155 |
| 2023 | $156,703 | $5,384 | $10,161 | $5,710 | 1 | $7,403 | $2,088 | $8,408 |
| 2022 | $161,535 | $-4,299 | $13,949 | $8,653 | 1 | $10,348 | $520 | $8,681 |
| 2021 | $179,769 | $37,931 | $12,014 | $7,390 | 1 | $9,081 | $34,956 | $9,780 |
| 2020 | $153,658 | $12,713 | $11,921 | $7,447 | 1 | — | $9,990 | $8,438 |
| 2019 | $152,868 | $9,830 | $10,273 | $5,765 | 1 | — | $7,591 | $8,245 |
Under IRS private-foundation payout rules, G N Spencer Foundation # 1 reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
G N Spencer Foundation # 1's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$3K (2021) → $3K (2025)
Former officers (1)
- Former: Bank Of America N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $3K, to Bank of America (Trustee).
Frequently asked questions about G N Spencer Foundation # 1
How much does G N Spencer Foundation # 1 give each year?
G N Spencer Foundation # 1 gave $9K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 1 grant.
How large is G N Spencer Foundation # 1?
G N Spencer Foundation # 1 reported $164K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is G N Spencer Foundation # 1?
G N Spencer Foundation # 1 is a private foundation focused on Human services, based in Dallas, TX. It holds $164K in total assets as of 2025.
Where does G N Spencer Foundation # 1 operate?
G N Spencer Foundation # 1 has awarded grants in Iowa.
What is G N Spencer Foundation # 1's EIN?
G N Spencer Foundation # 1's EIN (Employer Identification Number) is 42-6052928. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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