Spinnaker Foundation Inc

Foundation · Grantmaker Jupiter, FL EIN: 20-8132975

Spinnaker Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jupiter, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $714K in total assets. In 2025, it awarded 9 grants totaling $28K. Net investment income was $23K.

Key facts about Spinnaker Foundation Inc

In short: Spinnaker Foundation Inc gave $28K across 9 grants in 2025 (avg $3K), mostly in Florida. Source: 2025 IRS Form 990-PF.

EIN
20-8132975
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$28,040
Grants made (2025)
9
Average grant
$3,116
Median grant
$1,000
Total assets
$714,335
Primary geography
Florida (63% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$714K

+2.7% YoY

Annual Giving

$28K

-2.1% YoY

Grant Count

9

+28.6% YoY

Avg Grant Size

$3K

-23.8% YoY

Under IRS private-foundation payout rules, Spinnaker Foundation Inc reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.

How Spinnaker Foundation Inc gives

  • Giving fell 20% from 2022 to 2025. Method
  • In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

11states

Share of all 9 itemized 2025 grant dollars.

Cities

JupiterAtlantaNorth Palm BeachPepper PikeBraseltonNew YorkClermontBaltimoreBostonChagrin FallsChicagoDallasEncinitasFort LauderdaleMiamiPhiladelphiaSan AntonioTampaWashingtonWest Palm Beach

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K7 grants202010 grants202113 grants20226 grants20237 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Jupiter Medical Center: $15KJupiter Medical Center$15KHealthnetwork Foundation: $8KHealthnetwork Foundation$8KAjga: $1KAjga$1KLoxahatchee Club Educational Fndtn: $1KLoxahatchee Club EducationalFndtn$1KGeorgia Institute of Technology: $1KGeorgia Institute ofTechnology$1KPalm Beach Atlantic University: $1KPalm Beach Atlantic University$1KSpecial Olympics Florida: $600Special Olympics Florida$600Soldiers Angels: $315Soldiers Angels$315Leukemia and Lymphoma Society: $100Leukemia and Lymphoma Society$100

Grant Size Distribution

45 grants across all recorded years

45<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Jupiter Medical Center Jupiter, FLGeneral$15,000
Healthnetwork Foundation Pepper Pike, OHGeneral$8,000
AJGA Braselton, GAGeneral$1,025
Loxahatchee Club Educational Fndtn Jupiter, FLGeneral$1,000
Georgia Institute of Technology Atlanta, GAGeneral$1,000
Palm Beach Atlantic University West Palm Beach, FLGeneral$1,000
Special Olympics Florida Clermont, FLGeneral$600
Soldiers Angels San Antonio, TXGeneral$315
Leukemia and Lymphoma Society Washington, DCGeneral$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K202020212022202320242025
Metric202520242023
Total Assets$714,335$695,583$695,705
Revenue$53,745$34,486$81,590
Expenses$34,994$34,608$33,653
Qualifying Distributions$34,367$33,296$33,449
Net Investment Income$23,095$34,291$81,440
Distributable Amount$34,455$33,838$33,392

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 16, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 14, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 28, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Spinnaker Foundation Inc is led by Jennifer Malmberg, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Jennifer Malmberg

    President & Treasurer

    On filings since 2020

    8 hrs/week

    No compensation reported

  • Allison Tyler

    Secretary

    On filings since 2020

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Spinnaker Foundation Inc

How much does Spinnaker Foundation Inc give each year?

Spinnaker Foundation Inc gave $28K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $29K across 7 grants.

What is Spinnaker Foundation Inc's typical grant size?

Spinnaker Foundation Inc's median grant in 2025 was $1,000, and its average grant was $3,116, across 9 grants on its 2025 IRS Form 990-PF.

Where does Spinnaker Foundation Inc give grants?

Spinnaker Foundation Inc gives mostly in Florida: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Ohio (29%) and Georgia (7%). The most frequent recipient cities were Jupiter, FL (2 grants).

Does Spinnaker Foundation Inc give general operating support?

Yes: 100% of Spinnaker Foundation Inc's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Spinnaker Foundation Inc's largest grantees?

Spinnaker Foundation Inc's largest 2025 grantees include Jupiter Medical Center ($15,000), Healthnetwork Foundation ($8,000) and Ajga ($1,025), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.

How large is Spinnaker Foundation Inc?

Spinnaker Foundation Inc reported $714K in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).

What is Spinnaker Foundation Inc?

Spinnaker Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jupiter, FL. It holds $714K in total assets as of 2025.

What is Spinnaker Foundation Inc's EIN?

Spinnaker Foundation Inc's EIN (Employer Identification Number) is 20-8132975. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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