The Double Eagle Foundation 4191-06-43
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
Under IRS private-foundation payout rules, The Double Eagle Foundation 4191-06-43 reported a distributable amount of $254K for 2024 — the minimum it must pay out in qualifying distributions.
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
States
Cities
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).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Babson College ($100,000), Carnegie Museums of Pittsburgh ($50,000), Converse College ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Allegheny County Parks Foundation Pittsburgh, PA | GENERAL CHARITABLE PURPOSES | $500 |
| American Clan Gregor Society (ACGS) Roswell, GA | GENERAL CHARITABLE PURPOSES | $300 |
| Animal Welfare League of Arlington Arlington, VA | GENERAL CHARITABLE PURPOSES | $350 |
| Archbold Biological Station Venus, FL | GENERAL CHARITABLE PURPOSES | $500 |
| Arlington Food Assistance Center (AFAC) Arlington, VA | GENERAL CHARITABLE PURPOSES | $350 |
| Vision Cashiers Cashiers, NC | UNRESTRICTED CHARITABLE | $2,500 |
| Babson College Babson Park, MA | GENERAL CHARITABLE PURPOSES | $100,000 |
| Bethesda-by-the-Sea Palm Beach, FL | GENERAL CHARITABLE PURPOSES | $5,000 |
| BoatUS Foundation for Boating Safety Annapolis, MD | GENERAL CHARITABLE PURPOSES | $250 |
| Boys and Girls Club of the Plateau Cashiers, NC | GENERAL CHARITABLE PURPOSES | $4,000 |
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
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND JOHN WEAN III | CHAIRMAN | 5 | — |
| SUSANNE WEAN | SECRETARY/TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Double Eagle Foundation 4191-06-43 fund?
The foundation supports general charitable purposes with a primary emphasis on: • Arts and culture • Education • Higher education • Undergraduate education • University education
How do I apply for a grant from The Double Eagle Foundation 4191-06-43?
**Grant Activity:** The foundation made 60 grants in its most recent fiscal year (ending March 2024), totaling approximately $603,582 in expenses. Recent notable grants include: • Babson College: $100,000 • Carnegie Museums of Pittsburgh: $50,000 • Holton-Arms School: $45,100 **Grant Characteristics:** • Average grant size: approximately $24,000 based on recent activity • The foundation appears open to new applicants, with approximately 12% of new applicants receiving funding • Grants are desig…
Where does The Double Eagle Foundation 4191-06-43 make 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.
What size grants does The Double Eagle Foundation 4191-06-43 award?
In 2024, The Double Eagle Foundation 4191-06-43 awarded 97 grants totaling $566K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Double Eagle Foundation 4191-06-43 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Double Eagle Foundation 4191-06-43 reported a distributable amount of $254K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Double Eagle Foundation 4191-06-43's EIN?
The Double Eagle Foundation 4191-06-43's EIN (Employer Identification Number) is 25-6875219. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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