The Double Eagle Foundation 4191-06-43

PHILADELPHIA, PA EIN: 25-6875219

The Double Eagle Foundation 4191-06-43 is a private foundation based in Philadelphia, Pennsylvania, established in 2005. The foundation operates as a 501(c)(3) grantmaking organization with no employees, relying on a volunteer leadership structure.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.0M

-5.7% YoY

Annual Giving

$566K

+8.8% YoY

Grant Count

97

+9.0% YoY

Avg Grant Size

$6K

-0.2% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports general charitable purposes with a primary emphasis on:

  • Arts and culture
  • Education
  • Higher education
  • Undergraduate education
  • University education

Grantmaking

The foundation made 60 grants in its most recent fiscal year (ending March 2024), totaling approximately $603,582 in expenses. Recent notable grants include:

Grant Range

approximately $24,000 based on recent activity

Average Grant

approximately $24,000 based on recent activity

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Geographic Focus

Where this funder awards grants

The foundation supports initiatives across multiple U.S. states and cities, including:

  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Maryland
  • Massachusetts
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • South Carolina
  • Virginia
  • Washington, D.C.
  • Wyoming

Major metropolitan areas supported include New York, San Francisco, and Washington, D.C., with particular activity in Pennsylvania.

Grant Distribution by State

17states
+9 more states

Cities

AnnapolisArlingtonAspinwallAtlantaBabson ParkBethesdaBuffaloButlerCantonCarnegieCashiersClevelandCoraopolisDanburyDuquesneEnglewoodGainesvilleGarfield HeightsHagerstownHighlands

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending March 2024:

  • Total Assets: $6,047,619
  • Total Revenues: $378,572
  • Total Expenses: $603,582
  • Investment Income and Dividends: $172,005
  • Number of Employees: 0

Financial Trends: Investment income increased 17.6% from the prior fiscal year ($146,211 in FY 2023 to $172,005 in FY 2024).

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$239K$478K$716K$955K20202021202220232024
Metric202420232022
Total Assets$6,047,619$6,414,073$6,482,843
Revenue$378,572$514,936$868,196
Expenses$603,582$576,205$576,490
Qualifying Distributions$572,411$526,798$539,542
Net Investment Income$348,012$485,344$826,851
Distributable Amount$254,347$367,820$418,142

Giving Over Time

Total grant dollars and number of grants per year

$0$142K$283K$425K$566K1 grants20201 grants202192 grants202289 grants202397 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Babson College$100KCarnegie Museums of Pitt…$50KConverse College$40KChurch of the Good Sheph…$35KGeorge Washington Univer…$27KNational Wildlife Federa…$17KBethesda-by-the-Sea$5KGreater Pittsburgh Commu…$5KNational Outdoor Leaders…$5KBoys and Girls Club of t…$4K

Grant Size Distribution

152 grants across all recorded years

146<$50K1$50–100K3$100–250K$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

  • Raymond John Wean III – Chairman
  • Susanne Wean – Secretary/Treasurer

Both serve on a voluntary basis without compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
RAYMOND JOHN WEAN IIICHAIRMAN5
SUSANNE WEANSECRETARY/TREASURER5

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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