Spenuzza-Velastegui Family Foundation
Spenuzza-Velastegui Family Foundation is a private foundation, based in Monarch Beach, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 8 grants totaling $542K. Net investment income was $196K.
Spenuzza-Velastegui Family Foundation at a glance
In short: Spenuzza-Velastegui Family Foundation gave $542K across 8 grants in 2024 (avg $68K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $541,980
- +15.3% vs 2023
- Grants made (2024)
- 8
- -20.0% vs 2023
- Average grant
- $67,748
- +44.1% vs 2023
- Median grant
- $44,150
- Total assets
- $4,140,666
- -7.7% vs 2023
- Primary geography
- California (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Spenuzza-Velastegui Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was St Margaret of Scotland Episcopal School ($216K). Together the top 8 received $542K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 15 grants of 24 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Spenuzza-Velastegui Family Foundation gives
- In 2024 it paid out 263% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $246K (2022) to $542K (2024). In 2024 it made 8 grants totaling $542K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Margaret of Scotland Episcopal School San Juan Capistrano, CA | To educate young people's hearts and minds for lives of learning, leadership, and service. | $216,180 |
| Segerstrom Center for the Arts Costa Mesa, CA | Provide Public Performing Arts Porgrams. | $130,500 |
| Orange County Museum of Art Costa Mesa, CA | Support Public Art Programs. | $86,000 |
| Discovery Science Center of Orange County Santa Ana, CA | Provide Science Programs for Children and Public. | $63,300 |
| Mission Preservation Foundation San Juan Capistrano, CA | To raise funds for specialized and comprehensive preservation work for mission san juan capistrano. | $25,000 |
| The Order of Constantinian Angelic Knights of St George Rutherford, NJ | Distribution of Food and Supplies to the Homeless | $10,000 |
| La Opera Company Los Angeles, CA | To provide an opportunity for all to enjoy the rich emotional. | $10,000 |
| St Jude Hospital Memphis, TN | To advance treatments and prevention methods for catastrophic diseases in children through research and treatment. | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,140,666 | $208,777 | $558,582 | $541,980 | 8 | $544,230 | $196,347 | $207,018 |
| 2023 | $4,484,812 | $153,824 | $493,067 | $470,205 | 10 | $492,937 | $136,312 | $223,912 |
| 2022 | $4,768,201 | $23,051 | $266,673 | $245,500 | 6 | $247,016 | $23,051 | $230,939 |
| 2021 | $5,001,176 | $5,001,176 | — | — | — | — | $1,176 | $10,696 |
Under IRS private-foundation payout rules, Spenuzza-Velastegui Family Foundation reported a distributable amount of $207K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Spenuzza-Velastegui Family Foundation is led by Peter Spenuzza, Director & President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peter Spenuzza
Director & President
On filings since 2021
1 hr/week
No compensation reported
Cecilia Spenuzza
Director, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Spenuzza-Velastegui Family Foundation
How much does Spenuzza-Velastegui Family Foundation give each year?
Spenuzza-Velastegui Family Foundation gave $542K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $470K across 10 grants.
What is Spenuzza-Velastegui Family Foundation's typical grant size?
Spenuzza-Velastegui Family Foundation's median grant in 2024 was $44,150, and its average grant was $67,748, across 8 grants on its 2024 IRS Form 990-PF.
Where does Spenuzza-Velastegui Family Foundation give grants?
Spenuzza-Velastegui Family Foundation gives mostly in California: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Juan Capistrano, CA (2 grants) and Costa Mesa, CA (2 grants).
Does Spenuzza-Velastegui Family Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Spenuzza-Velastegui Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Spenuzza-Velastegui Family Foundation's largest grantees?
Spenuzza-Velastegui Family Foundation's largest 2024 grantees include St Margaret of Scotland Episcopal School ($216,180), Segerstrom Center for the Arts ($130,500) and Orange County Museum of Art ($86,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Spenuzza-Velastegui Family Foundation?
Spenuzza-Velastegui Family Foundation reported $4.1M in total assets on its 2024 IRS Form 990-PF. It paid out $544K in qualifying distributions that year, against a required minimum of $207K (roughly 5% of its investment assets).
What is Spenuzza-Velastegui Family Foundation's EIN?
Spenuzza-Velastegui Family Foundation's EIN (Employer Identification Number) is 87-2515474. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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