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
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
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
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND JOHN WEAN III | CHAIRMAN | 5 | — |
| SUSANNE WEAN | SECRETARY/TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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