Margaret Spilman Bowden Foundation
Margaret Spilman Bowden Foundation is a private foundation, based in Warrenton, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 18 grants totaling $413K. Net investment income was $153K.
Key facts about Margaret Spilman Bowden Foundation
In short: Margaret Spilman Bowden Foundation gave $413K across 18 grants in 2024 (avg $23K), mostly in Virginia. 28% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 54-1685754
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $413,000
- Grants made (2024)
- 18
- Average grant
- $22,944
- Median grant
- $16,000
- New grantees (estimate)
- 28% first-time grantees (5 of 18, 2024)
- Total assets
- $4,416,964
- Primary geography
- Virginia (92% 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).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
-11.1% YoY
Annual Giving
$413K
+1866.7% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$23K
+1429.6% YoY
Under IRS private-foundation payout rules, Margaret Spilman Bowden Foundation reported a distributable amount of $232K for 2024 — the minimum it must pay out in qualifying distributions.
Is Margaret Spilman Bowden Foundation open to new grantees?
28%
first-time grantees, 2024
In 2024, 5 of 18 grantees (28%) were first-time recipients. First grants averaged $17K; repeat grants $25K. How we count
Medians: $10K first-time, $25K repeat.
- 72% of 2024 grantees were also funded in 2023. Method
- Giving grew 1658% from 2021 to 2024. Method
- In 2024 it paid out 179% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $17K (2022) to $413K (2024). In 2024 it made 18 grants totaling $413K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Fauquier Spca ($50K). Together the top 10 received $333K.
Grant Size Distribution
69 grants across all recorded years
The most common grant size was under $50K: 68 grants of 69 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fauquier Spca Warrenton, VA | Unrestricted Grant / Charitable | $50,000 |
| St John's Catholic School Warrenton, VA | Unrestricted Grant / Charitable | $44,000 |
| The Northern Piedmont Community Foundation Warrenton, VA | Unrestricted Grant / Charitable | $44,000 |
| Friends of Weston Warrenton, VA | Unrestricted Grant / Charitable | $42,000 |
| Reserva the Youth Land Trust Washington, DC | Unrestricted Grant / Charitable | $34,000 |
| Warrenton Volunteer Fire Dept Warrenton, VA | Unrestricted Grant / Charitable | $32,000 |
| Foothills Housing Corporation Warrenton, VA | Unrestricted Grant / Charitable | $30,000 |
| Fauquier Family Shelter Services Inc Warrenton, VA | Unrestricted Grant / Charitable | $25,000 |
| Catlett Volunteer Fire and Rescue Catlett, VA | Unrestricted Grant / Charitable | $18,000 |
| The Hill School Middleburg, VA | Unrestricted Grant / Charitable | $14,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,416,964 | $4,965,690 | $5,148,954 |
| Revenue | $-62,881 | $56,851 | $4,935,553 |
| Expenses | $485,845 | $240,115 | $162,952 |
| Qualifying Distributions | $414,823 | $23,348 | $18,878 |
| Net Investment Income | $152,927 | $31,139 | $17,804 |
| Distributable Amount | $231,801 | $259,862 | $21,485 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Margaret Spilman Bowden Foundation is led by Maximilian A. Tufts Jr., President & Treasurer on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Maximilian A. Tufts Jr.
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
A. Kimbrough Ford
Director
On filings since 2020
No compensation reported
Elizabeth Anderson
Director
On filings since 2020
No compensation reported
Henry P. Tufts
Director
On filings since 2020
No compensation reported
Jonathan L. Tufts
Director
On filings since 2020
No compensation reported
Phoebe R. Tufts
Director
On filings since 2020
No compensation reported
Michael R. Anderson
Director
On filings since 2023
No compensation reported
John Philip Harris Pennington
Vice President & Asst-Secr
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Elizabeth W. Gookin (2020–2021) — Vice President & Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Margaret Spilman Bowden Foundation
How much does Margaret Spilman Bowden Foundation give each year?
Margaret Spilman Bowden Foundation gave $413K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $21K across 14 grants.
What is Margaret Spilman Bowden Foundation's typical grant size?
Margaret Spilman Bowden Foundation's median grant in 2024 was $16,000, and its average grant was $22,944, across 18 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Margaret Spilman Bowden Foundation that year got $17K on average.
Where does Margaret Spilman Bowden Foundation give grants?
Margaret Spilman Bowden Foundation gives mostly in Virginia: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (8%). The most frequent recipient cities were Warrenton, VA (14 grants).
Does Margaret Spilman Bowden Foundation give general operating support?
Yes: 100% of Margaret Spilman Bowden Foundation's 2024 grants with a stated purpose (18 of 18) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Margaret Spilman Bowden Foundation's largest grantees?
Margaret Spilman Bowden Foundation's largest 2024 grantees include Fauquier Spca ($50,000), St John's Catholic School ($44,000) and The Northern Piedmont Community Foundation ($44,000), according to its 2024 IRS Form 990-PF. Together they received 33% of its itemized 2024 grant dollars.
How large is Margaret Spilman Bowden Foundation?
Margaret Spilman Bowden Foundation reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $415K in qualifying distributions that year, against a required minimum of $232K (roughly 5% of its investment assets).
What is Margaret Spilman Bowden Foundation's EIN?
Margaret Spilman Bowden Foundation's EIN (Employer Identification Number) is 54-1685754. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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