SPM Foundation Inc is a private grantmaking foundation established in 1997 and designated as a 501(c)(3) organization. The foundation is located in Winston Salem, North Carolina, with a mailing address at 120 Club Oaks Ct Ste 200, Winston Salem, NC 27104. It operates as an independent private foundation focused on making grants for charitable, scientific, literary, artistic, and educational purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+1.4% YoY
Annual Giving
$936K
-7.5% YoY
Grant Count
155
+0.6% YoY
Avg Grant Size
$6K
-8.1% YoY
Under IRS private-foundation payout rules, Spm Foundation Inc reported a distributable amount of $542K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to use its income and principal to make gifts, grants, and contributions exclusively for charitable, scientific, literary, artistic, and educational purposes. Primary funding areas include education, philanthropy and voluntarism, and human services.
Grantmaking
The foundation distributes grants across multiple organizations, with 91 additional grants totaling $644,000 in 2024.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Maryland, Indiana, and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $11,123,251
- Total Revenues: $1,622,990
- Total Expenses: $1,189,003
- Total Liabilities: $0
Revenue Breakdown (2024):
- Total grants and contributions: $500,000
- Investment income and dividends: $165,517
Year-over-Year Changes (2024 vs. 2023):
- Grants and contributions decreased 50% (from $1,000,000 to $500,000)
- Investment income increased 42.2% (from $116,419 to $165,517)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,123,251 | $10,971,639 | $10,125,864 |
| Revenue | $1,622,990 | $1,347,701 | $-240,215 |
| Expenses | $1,189,003 | $1,176,894 | $1,253,250 |
| Qualifying Distributions | $936,000 | $1,012,300 | $998,000 |
| Net Investment Income | $869,987 | $183,107 | — |
| Distributable Amount | $542,496 | $531,952 | $494,012 |
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 Ambassador Christian School ($30,000), Indian River Habitat for Humanity ($26,000), Catholic Charities ($20,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALICE'S KIDS MOUNT VERNON, VA | SUPPORT SERVICES | $1,000 |
| AMBASSADOR CHRISTIAN SCHOOL HUNTERSVILLE, NC | SUPPORT SERVICES | $30,000 |
| AMERICAN RED CROSS INDIANAPOLIS, IN | SUPPORT SERVICES | $6,000 |
| ANTIQUARIAN HISTORICAL SOCIETY CULVER, IN | SUPPORT SERVICES | $2,500 |
| ART LEAGUE OF OCEAN CITY OCEAN CITY, MD | SUPPORT SERVICES | $500 |
| ATLANIC CLASSICAL ORCHESTRA FORT PIERCE, FL | SUPPORT SERVICES | $5,000 |
| AVALON THEATER PROJECT WASHINGTON, DC | SUPPORT SERVICES | $2,000 |
| BCC RESCUE SQUAD BETHESDA, MD | SUPPORT SERVICES | $2,000 |
| BEEBE MEDICAL FOUNDATION LEWES, DE | SUPPORT SERVICES | $2,000 |
| BETHANY BEACH VFD BETHANY BEACH, DE | SUPPORT SERVICES | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMIE SUE SCHULTE | VICE PRESIDENT | — | — |
| DOUGLAS PULLIAM MCDANIEL | PRESIDENT | — | — |
| MARGARET ANN GOLDSMITH | TREASURER | — | — |
Contact Information
- Telephone: 336-765-2020
- Administrative contact: Sheets Smith Wealth Management
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Spm Foundation Inc fund?
The foundation's stated purpose is to use its income and principal to make gifts, grants, and contributions exclusively for charitable, scientific, literary, artistic, and educational purposes. Primary funding areas include education, philanthropy and voluntarism, and human services.
How do I apply for a grant from Spm Foundation Inc?
**Grant Activity:** • Total giving in 2024: $936,000 • Total grants made in 2024: 94 grants • Typical award range: $500–$285,000 **Recent Grants (2024):** • Makiah's Hope Foundation: $118,000 (Support Services) • Lifeline-Connect: $50,000 (Support Services) • Riley Children's Endowment: $50,000 (Support Services) The foundation distributes grants across multiple organizations, with 91 additional grants totaling $644,000 in 2024.
Where does Spm Foundation Inc make grants?
The foundation's grantmaking focuses primarily on Maryland, Indiana, and the District of Columbia.
What size grants does Spm Foundation Inc award?
In 2024, Spm Foundation Inc awarded 155 grants totaling $936K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Spm Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spm Foundation Inc reported a distributable amount of $542K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spm Foundation Inc's EIN?
Spm Foundation Inc's EIN (Employer Identification Number) is 52-2038980. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Spm Foundation Inc'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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