Springbank Foundation

PLYMOUTH MEETING, PA EIN: 20-7138964

Springbank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 5 grants totaling $181K. Net investment income was $477.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$181K

Grant Count

5

Avg Grant Size

$36K

Under IRS private-foundation payout rules, Springbank Foundation reported a distributable amount of $5K for 2022 — the minimum it must pay out in qualifying distributions.

About Springbank Foundation

Based on IRS filings

Springbank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 5 grants totaling $181K. Net investment income was $477.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

ClemsonCoatesvilleNewtownParkesburgUnionville

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$201K202020212022
Metric202220212020
Total Assets$186,645$184,713
Revenue$-4,222$3,122$6,605
Expenses$182,423$1,190$1,781
Qualifying Distributions$181,141
Net Investment Income$477$1,932$4,974
Distributable Amount$5,397$9,273$9,199

Giving Over Time

Total grant dollars and number of grants per year

$0$45K$90K$135K$181K0 grants20200 grants20215 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2022

THE PARKESBURG POINT YOU…$70KCOATESVILLE YOUTH INITIA…$41KTHE GEORGE SCHOOL$25KONE ELEUTHERA FOUNDATION$25KPENNSYLVANIA HUNT CUP$20K

Grant Size Distribution

5 grants across all recorded years

4<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include The Parkesburg Point Youth Center ($70,000), Coatesville Youth Initiative ($40,616), The George School ($25,000).

RecipientPurposeAmount
THE GEORGE SCHOOL NEWTOWN, PAGENERAL OPERATING$25,000
ONE ELEUTHERA FOUNDATION CLEMSON, SCGENERAL OPERATING$25,000
PENNSYLVANIA HUNT CUP UNIONVILLE, PAGENERAL OPERATING$20,000
THE PARKESBURG POINT YOUTH CENTER PARKESBURG, PAGENERAL OPERATING$70,000
COATESVILLE YOUTH INITIATIVE COATESVILLE, PAGENERAL OPERATING$40,616

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

NameTitleHoursCompensation
ROBERT D MCNEILTRUSTEE2
JENNIFER C MCNEILTRUSTEE2

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Springbank Foundation?

Springbank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. It holds — in total assets as of 2022.

Where does Springbank Foundation operate?

Springbank Foundation has awarded grants in Pennsylvania, South Carolina.

What size grants does Springbank Foundation award?

In 2022, Springbank Foundation awarded 5 grants totaling $181K — an average of about $36K per grant, based on its IRS Form 990 filings.

How much is Springbank Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Springbank Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Springbank Foundation's EIN?

Springbank Foundation's EIN (Employer Identification Number) is 20-7138964. IRS Form 990 filing data is available on this page for 2020–2022.

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

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