Spinnaker Foundation Inc
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
Share of all 9 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jupiter Medical Center Jupiter, FL | General | $15,000 |
| Healthnetwork Foundation Pepper Pike, OH | General | $8,000 |
| AJGA Braselton, GA | General | $1,025 |
| Loxahatchee Club Educational Fndtn Jupiter, FL | General | $1,000 |
| Georgia Institute of Technology Atlanta, GA | General | $1,000 |
| Palm Beach Atlantic University West Palm Beach, FL | General | $1,000 |
| Special Olympics Florida Clermont, FL | General | $600 |
| Soldiers Angels San Antonio, TX | General | $315 |
| Leukemia and Lymphoma Society Washington, DC | General | $100 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 28, 2026)
- 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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