Springbank Foundation

Foundation · Grantmaker 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.

Key facts about Springbank Foundation

EIN: 20-7138964
Latest 990 filing: Form 990-PF, 2022
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)

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

Who Springbank Foundation funds

By grant dollars, the top recipient states for Springbank Foundation's 5 itemized 2022 grants were Pennsylvania (86%) and South Carolina (14%). 100% of grants with a stated purpose were for general or operating support.

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.

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Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$181K

Grant Count

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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $156K (86%)

South Carolina $25K (14%)

Share of all 5 itemized 2022 grant dollars.

States

Pennsylvania South Carolina

Cities

ClemsonCoatesvilleNewtownParkesburgUnionville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
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

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2022

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2022

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

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

Recipient	Purpose	Amount
THE PARKESBURG POINT YOUTH CENTER Parkesburg, PA	GENERAL OPERATING	$70,000
COATESVILLE YOUTH INITIATIVE Coatesville, PA	GENERAL OPERATING	$40,616
THE GEORGE SCHOOL Newtown, PA	GENERAL OPERATING	$25,000
ONE ELEUTHERA FOUNDATION Clemson, SC	GENERAL OPERATING	$25,000
PENNSYLVANIA HUNT CUP Unionville, PA	GENERAL OPERATING	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2022 IRS filing

Name	Title	Hours	Compensation
Robert D McNeil	Trustee	2	—
Jennifer C McNeil	Trustee	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

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.