Joan & Bernard Spain Foundation
The Joan & Bernard Spain Foundation is a private foundation established in 2000 and based in Philadelphia, Pennsylvania. The foundation operates as a 501(c)(3) organization with no staff members and focuses on general charitable purposes.
Key facts about Joan & Bernard Spain Foundation
- EIN
- 25-6728780
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $508,976
- Grants made (2024)
- 22
- Average grant
- $23,135
- Median grant
- $4,720
- New grantees (estimate)
- 50% first-time grantees (11 of 22, 2024)
- Total assets
- $5,920,263
- Primary geography
- Pennsylvania (96% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Joan & Bernard Spain Foundation funds
By grant dollars, the top recipient states for Joan & Bernard Spain Foundation's 22 itemized 2024 grants were Pennsylvania (96%). The most frequent recipient cities were Philadelphia, PA (12 grants). 100% of grants with a stated purpose were for general or operating support.
Is Joan & Bernard Spain Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 11 of 22 grantees (50%) were first-time recipients. First grants averaged $7K; repeat grants $39K. How we count
Medians: $4K first-time, $5K repeat.
- 41% of 2024 grantees were also funded in 2023. Method
- Giving fell 53% from 2021 to 2024. Method
- In 2024 it paid out 158% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Joan & Bernard Spain Foundation
- How to evaluate Joan & Bernard Spain Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
-4.0% YoY
Annual Giving
$509K
+98.1% YoY
Grant Count
22
+0.0% YoY
Avg Grant Size
$23K
+98.1% YoY
Under IRS private-foundation payout rules, Joan & Bernard Spain Foundation reported a distributable amount of $322K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds general charitable purposes without restriction to specific sectors or causes.
Grantmaking
The foundation made 10 grants in 2024. Recent grants include:
Grant Range
s range from $25,000 to approximately $247,000, indicating a flexible approach to grant amounts based on organizational needs.
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Geographic Focus
Where this funder awards grants
The foundation operates in Philadelphia, Pennsylvania and the surrounding region, with demonstrated support for local institutions and organizations.
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $5,920,263
- Total Revenues: $288,071
- Total Expenses: $516,607
- Investment Income and Dividends: $249,703
The foundation's revenue is primarily derived from investment income rather than new contributions, indicating an endowment-based funding model.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,920,263 | $6,169,150 | $6,251,647 |
| Revenue | $288,071 | $195,696 | $931,392 |
| Expenses | $516,607 | $285,140 | $232,124 |
| Qualifying Distributions | $508,976 | $256,904 | $186,017 |
| Net Investment Income | $280,440 | $188,570 | $880,127 |
| Distributable Amount | $321,715 | $294,127 | $289,646 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Duffield Veterans Village ($246,948), Central High School ($117,461), Philadelphia Museum of Art ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DUFFIELD VETERANS VILLAGE Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $246,948 |
| CENTRAL HIGH SCHOOL Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $117,461 |
| PHILADELPHIA MUSEUM OF ART Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $25,000 |
| UNIVERSITY OF PENNSYLVANIA TRUSTEES Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $25,000 |
| JEWISH FAMILY & CHILDREN'S SERVICE OF GREATER PHILADELPHIA Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $20,000 |
| MAGEE REHAB HOSPITAL Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $15,000 |
| CONGREGATION BROTHERS OF ISRAEL Newtown, PA | GENERAL CHARITABLE PURPOSE | $10,000 |
| TRANSPLANT FOUNDATION Miami, FL | GENERAL CHARITABLE PURPOSE | $10,000 |
| SAINT PIO REGIONAL CATHOLIC SCHOOL Philadelphia, PA | GENERAL CHARITABLE PURPOSE | $5,400 |
| FOUNDING FORWARD Valley Forge, PA | GENERAL CHARITABLE PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joan Spain | Trustee, as Required | — | — |
Contact Information
Address: 233 S 6th St Apt 2505, Philadelphia, PA 19106-3757
Telephone: 215-322-6650
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Joan & Bernard Spain Foundation fund?
The foundation primarily funds general charitable purposes without restriction to specific sectors or causes.
How do I apply for a grant from Joan & Bernard Spain Foundation?
The foundation made 10 grants in 2024. Recent grants include: • Duffield Veterans Village: $246,948 (General Charitable Purpose) • University of Pennsylvania: $25,000 (General Charitable Purpose) • Philadelphia Museum of Art Women's Committee: $25,000 (General Charitable Purpose) Grant sizes range from $25,000 to approximately $247,000, indicating a flexible approach to grant amounts based on organizational needs.
Where does Joan & Bernard Spain Foundation make grants?
The foundation operates in Philadelphia, Pennsylvania and the surrounding region, with demonstrated support for local institutions and organizations.
What size grants does Joan & Bernard Spain Foundation award?
In 2024, Joan & Bernard Spain Foundation awarded 22 grants totaling $509K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Joan & Bernard Spain Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joan & Bernard Spain Foundation reported a distributable amount of $322K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joan & Bernard Spain Foundation's EIN?
Joan & Bernard Spain Foundation's EIN (Employer Identification Number) is 25-6728780. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.