The Double Eagle Foundation 4191-06-43

Foundation · Grantmaker PHILADELPHIA, PA EIN: 25-6875219
Philanthropy, Voluntarism & Grantmaking

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.

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

States

CaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaGeorgiaMassachusettsMarylandNorth CarolinaNew JerseyNew YorkOhioPennsylvaniaSouth CarolinaVirginiaWyoming

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

Among its reported 2024 grants, the largest include Babson College ($100,000), Carnegie Museums of Pittsburgh ($50,000), Converse College ($40,000).

RecipientPurposeAmount
Allegheny County Parks Foundation Pittsburgh, PAGENERAL CHARITABLE PURPOSES$500
American Clan Gregor Society (ACGS) Roswell, GAGENERAL CHARITABLE PURPOSES$300
Animal Welfare League of Arlington Arlington, VAGENERAL CHARITABLE PURPOSES$350
Archbold Biological Station Venus, FLGENERAL CHARITABLE PURPOSES$500
Arlington Food Assistance Center (AFAC) Arlington, VAGENERAL CHARITABLE PURPOSES$350
Vision Cashiers Cashiers, NCUNRESTRICTED CHARITABLE$2,500
Babson College Babson Park, MAGENERAL CHARITABLE PURPOSES$100,000
Bethesda-by-the-Sea Palm Beach, FLGENERAL CHARITABLE PURPOSES$5,000
BoatUS Foundation for Boating Safety Annapolis, MDGENERAL CHARITABLE PURPOSES$250
Boys and Girls Club of the Plateau Cashiers, NCGENERAL 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

NameTitleHoursCompensation
RAYMOND JOHN WEAN IIICHAIRMAN5—
SUSANNE WEANSECRETARY/TREASURER5—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

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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