Springer-Lu Family Foundation

Foundation · Grantmaker Chestnut Hill, MA EIN: 85-6466998

Springer-Lu Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chestnut Hill, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.2M in total assets. In 2024, it awarded 1 grant totaling $654K. Net investment income was $766K.

Key facts about Springer-Lu Family Foundation

EIN: 85-6466998
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $653,766
Grants made (2024): 1
Average grant: $653,766
Median grant: $653,766
Total assets: $14,185,529
Primary geography: Missouri (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Springer-Lu Family Foundation gives

Giving grew 162% from 2021 to 2024. Method
In 2024 it paid out 89% 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.

Next steps with Springer-Lu Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.2M

+0.5% YoY

Annual Giving

$654K

+0.6% YoY

Grant Count

-75.0% YoY

Avg Grant Size

$654K

+302.3% YoY

Under IRS private-foundation payout rules, Springer-Lu Family Foundation reported a distributable amount of $756K for 2024 — the minimum it must pay out in qualifying distributions.

About Springer-Lu Family 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

Missouri $654K (100%)

Share of all 1 itemized 2024 grant dollars.

States

California Massachusetts Missouri Tennessee

Cities

NashvilleKansas CityBostonBerkeley

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,185,529	$14,114,629	$14,270,207
Revenue	$826,400	$584,081	$-932,703
Expenses	$755,500	$739,659	$384,890
Qualifying Distributions	$675,839	$668,843	$289,521
Net Investment Income	$765,887	$519,648	$208,909
Distributable Amount	$755,711	$675,115	$667,694

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Greater Horizons Fund ($653,766).

Recipient	Purpose	Amount
GREATER HORIZONS FUND Kansas City, MO	CHARITABLE GIFT	$653,766

Leadership & Key People

Officers and directors from IRS filings

Springer-Lu Family Foundation is led by Chafen Lu, Trustee on every filing since 2020 — the only officer listed, and compensated.

Officers on the 2024 filing

Chafen Lu

Trustee

On filings since 2020

4 hrs/week

$15K (2021) → $18K (2024)

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Springer-Lu Family Foundation?

Springer-Lu Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chestnut Hill, MA. It holds $14.2M in total assets as of 2024.

How large is Springer-Lu Family Foundation?

As of 2024, Springer-Lu Family Foundation holds $14.2M in total assets with $826K in annual revenue. It awarded 1 grant totaling $654K in 2024.

Where does Springer-Lu Family Foundation operate?

Springer-Lu Family Foundation has awarded grants in California, Massachusetts, Missouri, Tennessee.

What size grants does Springer-Lu Family Foundation award?

In 2024, Springer-Lu Family Foundation awarded 1 grant totaling $654K — an average of about $654K per grant, based on its IRS Form 990 filings.

How much is Springer-Lu Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Springer-Lu Family Foundation reported a distributable amount of $756K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.