Spencer Education Foundation is an educational grantmaking organization that provides scholarships and supports education initiatives. The foundation focuses on advancing educational opportunities and recognizing student achievement.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+0.0% YoY
Annual Giving
$129K
-7.5% YoY
Grant Count
74
+0.0% YoY
Avg Grant Size
$2K
-7.5% YoY
Under IRS private-foundation payout rules, Spencer Education Foundation reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to investing in the future through educational support. Primary focus areas include:
- Scholarship awards for students
- Risk management and insurance education
- Educational initiatives and student recognition
Grantmaking
Spencer Education Foundation awards scholarships and grants to support educational pursuits. Recent activity demonstrates significant growth in grantmaking:
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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 | $2,917,593 | $2,917,095 | $3,022,444 |
| Revenue | $170,919 | $59,543 | $17,315 |
| Expenses | $173,285 | $179,484 | $192,564 |
| Qualifying Distributions | $146,067 | $159,071 | $165,416 |
| Net Investment Income | $144,036 | $55,390 | $48,191 |
| Distributable Amount | $169,432 | $159,335 | $159,353 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Darril Baty ($4,482), Charis Brock ($2,241), Corey Walden ($2,241).
| Recipient | Purpose | Amount |
|---|---|---|
| Nolan Swan PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Aidan Blair PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Andrew Stillson PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Charis Brock PITTSBURGH, PA | SCHOLARSHIP | $2,241 |
| Chloe Brock PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Corey Walden PITTSBURGH, PA | SCHOLARSHIP | $2,241 |
| Elisha Williams PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Ethan Tragesser PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Gavin Hare PITTSBURGH, PA | SCHOLARSHIP | $1,100 |
| Griffin Hare PITTSBURGH, PA | SCHOLARSHIP | $2,241 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 9 | $42,068 |
Recent News & Activity
Recent developments and announcements
**2025**: Spencer Educational Foundation announced five scholarship recipients for the 2025-2026 academic year and set new milestones with 2025 scholarship awards
Announcing Five Scholarship Recipients for 2025-2026 Academic Year! \u2013\**2024**: The foundation awarded a record-breaking number of scholarships, demonstrating significant growth in its grantmaking capacity
Investing in the Future: Spencer Educational Foundation Awards Record-Breaking\**2023**: Awarded over $1.6 million specifically for risk management and insurance education programs
The Spencer Educational Foundation Awards over $1.6 Million for Risk Management\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Spencer Education Foundation fund?
The foundation is committed to investing in the future through educational support. Primary focus areas include: • Scholarship awards for students • Risk management and insurance education • Educational initiatives and student recognition
How do I apply for a grant from Spencer Education Foundation?
Spencer Education Foundation awards scholarships and grants to support educational pursuits. Recent activity demonstrates significant growth in grantmaking: • The foundation awarded a record-breaking number of scholarships in 2024 • In 2023, the foundation awarded over $1.6 million for risk management and insurance education • The foundation continues to expand its scholarship program, with new milestones achieved in 2025 The foundation accepts applications for scholarship opportunities.
What size grants does Spencer Education Foundation award?
In 2024, Spencer Education Foundation awarded 74 grants totaling $129K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Spencer Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spencer Education Foundation reported a distributable amount of $169K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spencer Education Foundation's EIN?
Spencer Education Foundation's EIN (Employer Identification Number) is 35-6072759. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Spencer Education Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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