LY Spear Foundation
LY Spear Foundation is a private foundation, based in MYSTIC, CT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $36K in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36K
-9.8% YoY
Annual Giving
$5K
+60.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$5K
+60.0% YoY
Under IRS private-foundation payout rules, LY Spear Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About LY Spear Foundation
Based on IRS filings
LY Spear Foundation is a private foundation, based in MYSTIC, CT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $36K in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $1K.
Ready to take the next step with LY Spear Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,826 | $39,730 | $37,825 |
| Revenue | $1,577 | $5,576 | $3,577 |
| Expenses | $5,481 | $3,671 | $4,227 |
| Qualifying Distributions | $4,936 | $3,126 | $3,682 |
| Net Investment Income | $1,407 | $1,406 | $1,407 |
| Distributable Amount | $1,488 | $1,646 | $1,730 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include US Naval Submarine School Graduates ($4,800).
| Recipient | Purpose | Amount |
|---|---|---|
| US Naval Submarine School Graduates Groton, CT | Watches to honor graduates | $4,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RADM David M Goebel | Trustee | 1 | — |
| CAPT Thomas F Olson | Trustee | 1 | — |
| CAPT Emil Casciano | Trustee | 1 | — |
| CAPT Frederick R Haberlandt | Trustee | 1 | — |
| CAPT David M McCall | Trustee | 1 | — |
| CAPT Ray Gabriel | Trustee | 1 | — |
| CDR Gary W Kirkpatrick | Trustee | 1 | — |
Frequently Asked Questions
How large is LY Spear Foundation?
As of 2024, LY Spear Foundation holds $36K in total assets with $2K in annual revenue. It awarded 1 grants totaling $5K in 2024.
Where does LY Spear Foundation operate?
LY Spear Foundation has awarded grants in Connecticut.
What size grants does LY Spear Foundation award?
In 2024, LY Spear Foundation awarded 1 grants totaling $5K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is LY Spear Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, LY Spear Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is LY Spear Foundation's EIN?
LY Spear Foundation's EIN (Employer Identification Number) is 06-6026051. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in LY Spear Foundation'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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