Margaret Spilman Bowden Foundation

Private foundation · Grantmaker Warrenton, VA EIN: 54-1685754

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

3states

Share of all 18 itemized 2024 grant dollars.

Cities

WarrentonMiddleburgCatlettWashingtonBroad RunCasanovaPalm Beach

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K12 grants202013 grants202112 grants202214 grants202318 grants2024

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

Fauquier Spca: $50KFauquier Spca$50KSt John's Catholic School: $44KSt John's Catholic School$44KThe Northern Piedmont Community Foundation: $44KThe Northern PiedmontCommunity Foundation$44KFriends of Weston: $42KFriends of Weston$42KReserva the Youth Land Trust: $34KReserva the Youth Land Trust$34KWarrenton Volunteer Fire Dept: $32KWarrenton Volunteer Fire Dept$32KFoothills Housing Corporation: $30KFoothills Housing Corporation$30KFauquier Family Shelter Services Inc: $25KFauquier Family ShelterServices Inc$25KCatlett Volunteer Fire and Rescue: $18KCatlett Volunteer Fire andRescue$18KThe Hill School: $14KThe Hill School$14K

The largest 2024 recipient was Fauquier Spca ($50K). Together the top 10 received $333K.

Grant Size Distribution

69 grants across all recorded years

68<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 68 grants of 69 (99%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fauquier Spca Warrenton, VAUnrestricted Grant / Charitable$50,000
St John's Catholic School Warrenton, VAUnrestricted Grant / Charitable$44,000
The Northern Piedmont Community Foundation Warrenton, VAUnrestricted Grant / Charitable$44,000
Friends of Weston Warrenton, VAUnrestricted Grant / Charitable$42,000
Reserva the Youth Land Trust Washington, DCUnrestricted Grant / Charitable$34,000
Warrenton Volunteer Fire Dept Warrenton, VAUnrestricted Grant / Charitable$32,000
Foothills Housing Corporation Warrenton, VAUnrestricted Grant / Charitable$30,000
Fauquier Family Shelter Services Inc Warrenton, VAUnrestricted Grant / Charitable$25,000
Catlett Volunteer Fire and Rescue Catlett, VAUnrestricted Grant / Charitable$18,000
The Hill School Middleburg, VAUnrestricted Grant / Charitable$14,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M20202021202220232024
Metric202420232022
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

  1. 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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