Springbank Foundation

Private foundation · Grantmaker Plymouth Meeting, PA EIN: 20-7138964

Springbank Foundation is a private foundation, 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.

Springbank Foundation at a glance

In short: Springbank Foundation gave $181K across 5 grants in 2022 (avg $36K), mostly in Pennsylvania. Source: 2022 IRS Form 990-PF.

Annual giving (2022)
$180,616
Grants made (2022)
5
Average grant
$36,123
Median grant
$25,000
Primary geography
Pennsylvania (86% of itemized 2022 grant dollars)
Latest 990 filing
Form 990-PF, 2022 View filing

Data from IRS Form 990-PF, 2022; updated September 2026.

Who Springbank Foundation funds

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2022

The Parkesburg Point Youth Center: $70KThe Parkesburg Point YouthCenter$70KCoatesville Youth Initiative: $41KCoatesville Youth Initiative$41KThe George School: $25KThe George School$25KOne Eleuthera Foundation: $25KOne Eleuthera Foundation$25KPennsylvania Hunt Cup: $20KPennsylvania Hunt Cup$20K

The largest 2022 recipient was The Parkesburg Point Youth Center ($70K). Together the top 5 received $181K.

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 4 grants of 5 (80%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2022 grant dollars across all 5 itemized grants.

Cities

ClemsonCoatesvilleNewtownParkesburgUnionville

How Springbank Foundation gives

  • In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K0 grants2020 0 grants2021 5 grants2022

In 2022 it made 5 grants totaling $181K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Parkesburg Point Youth Center Parkesburg, PAGeneral Operating$70,000
Coatesville Youth Initiative Coatesville, PAGeneral Operating$40,616
The George School Newtown, PAGeneral Operating$25,000
One Eleuthera Foundation Clemson, SCGeneral Operating$25,000
Pennsylvania Hunt Cup Unionville, PAGeneral Operating$20,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2022—$-4,222$182,423$180,6165$181,141$477$5,397
2021$186,645$3,122$1,190———$1,932$9,273
2020$184,713$6,605$1,781———$4,974$9,199

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.

Leadership & Key People

Officers and directors from IRS filings

Springbank Foundation's 2022 filing lists 2 officers; none of the 2 officers listed in 2022 report compensation.

Officers on the 2022 filing

  • Jennifer C. McNeil

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Robert D. McNeil

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2022. "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 Springbank Foundation

How much does Springbank Foundation give each year?

Springbank Foundation gave $181K across 5 grants in 2022, according to its 2022 IRS Form 990-PF.

What is Springbank Foundation's typical grant size?

Springbank Foundation's median grant in 2022 was $25,000, and its average grant was $36,123, across 5 grants on its 2022 IRS Form 990-PF.

Where does Springbank Foundation give grants?

Springbank Foundation gives mostly in Pennsylvania: 86% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (14%).

Does Springbank Foundation give general operating support?

Yes: 100% of Springbank Foundation's 2022 grants with a stated purpose (5 of 5) were for general or operating support, per its 2022 IRS Form 990-PF.

Who are Springbank Foundation's largest grantees?

Springbank Foundation's largest 2022 grantees include The Parkesburg Point Youth Center ($70,000), Coatesville Youth Initiative ($40,616) and The George School ($25,000), according to its 2022 IRS Form 990-PF. Together they received 75% of its itemized 2022 grant dollars.

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.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2022

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Springbank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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