Spinnaker Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $696K in total assets. In 2024, it awarded 7 grants totaling $29K. Net investment income was $34K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$696K
-0.0% YoY
Annual Giving
$29K
+9.0% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$4K
-6.6% YoY
Under IRS private-foundation payout rules, Spinnaker Foundation Inc reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About Spinnaker Foundation Inc
Based on IRS filings
Spinnaker Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $696K in total assets. In 2024, it awarded 7 grants totaling $29K. Net investment income was $34K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $695,583 | $695,705 | $647,766 |
| Revenue | $34,486 | $81,590 | $-43,219 |
| Expenses | $34,608 | $33,653 | $47,226 |
| Qualifying Distributions | $33,296 | $33,449 | $39,582 |
| Net Investment Income | $34,291 | $81,440 | $3,882 |
| Distributable Amount | $33,838 | $33,392 | $35,056 |
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
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jupiter Medical Center ($15,000), Healthnetwork Foundation ($10,000), Loxahatchee Club Educational Fndtn ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Loxahatchee Club Educational Fndtn Jupiter, FL | General | $1,000 |
| Jupiter Medical Center Jupiter, FL | General | $15,000 |
| Healthnetwork Foundation Pepper Pike, OH | General | $10,000 |
| Georgia Institute of Technology Atlanta, GA | General | $1,000 |
| The Benjamin School North Palm Beach, FL | General | $500 |
| Cure Epilepsy Chicago, IL | General | $500 |
| University of Maryland Baltimore, MD | General | $629 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jennifer Malmberg | President and Treasurer | 8 | — |
| Allison Tyler | Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Spinnaker Foundation Inc?
Spinnaker Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. It holds $696K in total assets as of 2024.
How large is Spinnaker Foundation Inc?
As of 2024, Spinnaker Foundation Inc holds $696K in total assets with $34K in annual revenue. It awarded 7 grants totaling $29K in 2024.
Where does Spinnaker Foundation Inc operate?
Spinnaker Foundation Inc has awarded grants in California, Florida, Georgia, Illinois, Massachusetts, Maryland, New York, Ohio, Pennsylvania, Texas.
What size grants does Spinnaker Foundation Inc award?
In 2024, Spinnaker Foundation Inc awarded 7 grants totaling $29K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Spinnaker Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spinnaker Foundation Inc reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Spinnaker Foundation Inc'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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