Phil and Ruth Spano Foundation
Phil and Ruth Spano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HENDERSON, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 7 grants totaling $235K. Net investment income was $96K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
-3.7% YoY
Annual Giving
$235K
-13.0% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$34K
+11.9% YoY
Under IRS private-foundation payout rules, Phil and Ruth Spano Foundation reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.
About Phil and Ruth Spano Foundation
Based on IRS filings
Phil and Ruth Spano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HENDERSON, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 7 grants totaling $235K. Net investment income was $96K.
Focus Areas
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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 | $4,327,342 | $4,493,300 | $4,587,728 |
| Revenue | $130,284 | $234,787 | $105,627 |
| Expenses | $296,242 | $329,215 | $283,161 |
| Qualifying Distributions | $235,000 | $270,000 | $225,000 |
| Net Investment Income | $95,900 | $179,375 | $89,739 |
| Distributable Amount | $244,632 | $227,051 | $238,058 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Aspen Historical Society ($75,000), Caruso Family Charities ($50,000), Denver Rescue Mission ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASPEN HISTORICAL SOCIETY ASPEN, CO | ZUPANCIS & HOLDEN-MAROLT | $75,000 |
| CARUSO FAMILY CHARITIES LAKEWOOD, CO | GENERAL OPERATING SUPPORT | $50,000 |
| CATHOLIC HEALTH INTITAVIES LAKEWOOD, CO | FLIGHT FOR LIFE PROGRAM | $20,000 |
| CATHOLIC HEALTH INTITAVIES LAKEWOOD, CO | SCHOLARSHIP PROGRAM | $20,000 |
| DENVER RESCUE MISSION DENVER, CO | GENERAL OPERATING SUPPORT | $25,000 |
| EMMAUS CATHOLIC HOSPICE DENVER, CO | GENERAL OPERATING SUPPORT | $25,000 |
| LUTHERAN MEDICAL CENTER FOUNDATION WHEAT RIDGE, CO | COLLIER HOSPICE | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SANDY D SPANO | OFFICER/DIRE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Phil and Ruth Spano Foundation?
Phil and Ruth Spano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HENDERSON, CO. It holds $4.3M in total assets as of 2024.
How large is Phil and Ruth Spano Foundation?
As of 2024, Phil and Ruth Spano Foundation holds $4.3M in total assets with $130K in annual revenue. It awarded 7 grants totaling $235K in 2024.
Where does Phil and Ruth Spano Foundation operate?
Phil and Ruth Spano Foundation has awarded grants in Colorado.
What size grants does Phil and Ruth Spano Foundation award?
In 2024, Phil and Ruth Spano Foundation awarded 7 grants totaling $235K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is Phil and Ruth Spano Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phil and Ruth Spano Foundation reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phil and Ruth Spano Foundation's EIN?
Phil and Ruth Spano Foundation's EIN (Employer Identification Number) is 81-4487318. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phil and Ruth Spano 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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