The Eustace Foundation

KING OF PRUSSIA, PA EIN: 22-2664349

The Eustace Foundation is a private foundation, based in KING OF PRUSSIA, PA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $11.9M in total assets. In 2023, it awarded 1 grants totaling $1.6M. Net investment income was $100K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$11.9M

-14.0% YoY

Annual Giving

$1.6M

+64.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.6M

+64.6% YoY

Under IRS private-foundation payout rules, The Eustace Foundation reported a distributable amount of $400K for 2023 — the minimum it must pay out in qualifying distributions.

About The Eustace Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $4.6M (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$11,926,881	$13,872,646	$14,792,487
Revenue	$82,331	$458,542	$2,953,491
Expenses	$2,028,096	$1,378,383	$1,337,628
Qualifying Distributions	$1,648,842	$1,001,850	—
Net Investment Income	$100,311	$450,078	$2,953,491
Distributable Amount	$399,537	$319,698	$633,563

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include See Attached Pdf Listing All ($1,648,842).

Recipient	Purpose	Amount
SEE ATTACHED PDF LISTING ALL PHILADELPHIA, PA	GENERAL FUND	$1,648,842

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
J EUSTACE WOLFINGTON	Trustee	—	—

Frequently Asked Questions

How large is The Eustace Foundation?

As of 2023, The Eustace Foundation holds $11.9M in total assets with $82K in annual revenue. It awarded 1 grants totaling $1.6M in 2023.

Where does The Eustace Foundation operate?

The Eustace Foundation has awarded grants in Pennsylvania.

What size grants does The Eustace Foundation award?

In 2023, The Eustace Foundation awarded 1 grants totaling $1.6M — an average of about $1.6M per grant, based on its IRS Form 990 filings.

How much is The Eustace Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Eustace Foundation reported a distributable amount of $400K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.