Spruance Foundation I
Spruance Foundation I is a private foundation focused on Philanthropy, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 9 grants totaling $225K. Net investment income was $115K.
Key facts about Spruance Foundation I
- EIN
- 51-0351914
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $225,000
- Grants made (2024)
- 9
- Average grant
- $25,000
- Median grant
- $14,000
- Total assets
- $2,177,807
- Primary geography
- Georgia (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Spruance Foundation I funds
By grant dollars, the top recipient states for Spruance Foundation I's 9 itemized 2024 grants were Georgia (50%), Florida (31%) and North Carolina (6%). The most frequent recipient cities were Fort Lauderdale, FL (2 grants). None of its 9 grants with a stated purpose were described as general or operating support.
How Spruance Foundation I gives
- Giving grew 105% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Spruance Foundation I
- How to evaluate Spruance Foundation I as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-6.7% YoY
Annual Giving
$225K
+0.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$25K
+0.0% YoY
Under IRS private-foundation payout rules, Spruance Foundation I reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
About Spruance Foundation I
Based on IRS filings
Spruance Foundation I is a private foundation focused on Philanthropy, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 9 grants totaling $225K. Net investment income was $115K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,177,807 | $2,333,613 | $2,471,610 |
| Revenue | $75,224 | $93,298 | $191,956 |
| Expenses | $231,030 | $231,295 | $259,242 |
| Qualifying Distributions | $229,365 | $229,280 | $258,110 |
| Net Investment Income | $114,957 | $106,250 | $99,315 |
| Distributable Amount | $223,076 | $218,781 | $221,098 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 9 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include National Christian Foundation ($113,000), Zoo Miami Foundation ($14,000), Calvary Chapel Church ($14,000).
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation Alpharetta, GA | Religious foundation support | $113,000 |
| Zoo Miami Foundation Miami, FL | Zoo and animal education | $14,000 |
| Calvary Chapel Church Fort Lauderdale, FL | Religious foundation support | $14,000 |
| Embry Riddle Aeronautical University Daytona Beach, FL | Support aeronautical research | $14,000 |
| Henderson Behavioral Health Laureldale Lakes, FL | Healthcare for underpriviledged | $14,000 |
| Samaritan's Purse Boone, NC | Disaster relief | $14,000 |
| Wounded Warrior Project Topeka, KS | Veteran support | $14,000 |
| Tunnels to Towers Staten Island, NY | First responder support | $14,000 |
| South Florida Wildlife Center Fort Lauderdale, FL | Zoo and animal education | $14,000 |
Leadership & Key People
Officers and directors from IRS filings
Spruance Foundation I is led by William E Spruance, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
William E Spruance
President
On filings since 2020
1 hr/week
No compensation reported
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.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Spruance Foundation I?
Spruance Foundation I is a private foundation focused on Philanthropy, based in Wilmington, DE. It holds $2.2M in total assets as of 2024.
How large is Spruance Foundation I?
As of 2024, Spruance Foundation I holds $2.2M in total assets with $75K in annual revenue. It awarded 9 grants totaling $225K in 2024.
Where does Spruance Foundation I operate?
Spruance Foundation I has awarded grants in Florida, Georgia, Kansas, Maryland, North Carolina, New York.
What size grants does Spruance Foundation I award?
In 2024, Spruance Foundation I awarded 9 grants totaling $225K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Spruance Foundation I required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spruance Foundation I reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spruance Foundation I's EIN?
Spruance Foundation I's EIN (Employer Identification Number) is 51-0351914. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.