The Grace Helen Spearman Foundation
The Grace Helen Spearman Foundation is a private, independent 501(c)(3) foundation based in Palm Springs, California. Established in 2003, the foundation honors the legacy of Ms. Grace Helen Spearman by providing grants to organizations and individuals working to improve the lives of needy and less fortunate members of the community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
+0.2% YoY
Annual Giving
$872K
+20.2% YoY
Grant Count
90
+9.8% YoY
Avg Grant Size
$10K
+9.5% YoY
Mission & Focus Areas
The foundation's mission is to honor Ms. Spearman's legacy by providing funds to organizations and individuals to help improve the lives of the needy and less fortunate in the community. The foundation maintains a consistent mandate aligned with Ms. Spearman's vision, with special emphasis in the following fields:
- Education
- Medical research
- Cultural arts
- Assistance to the impoverished and disabled
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation is an active grantmaker with the following characteristics:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in California, New York, and Oregon, with a particular emphasis on serving needy communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total Assets: $13,702,878
- Total Revenue: $1,516,365
- Total Expenses: $1,482,302
- Net Income: $34,063
- Total Liabilities: $34,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,702,878 | $13,671,616 | $13,800,120 |
| Revenue | $1,516,365 | $1,109,893 | $1,038,483 |
| Expenses | $1,482,302 | $1,241,144 | $1,513,075 |
| Qualifying Distributions | $1,018,287 | $854,150 | $1,056,500 |
| Net Investment Income | $1,064,350 | $723,089 | $613,475 |
| Distributable Amount | $927,631 | $903,154 | $959,730 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Grace Helen Spearman Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a board of directors that includes:
- Steven Tobin - President and Director
- Alma Banuelos
- Dirk H. Etchison
- Ken Randman
- John Ostler
The foundation operates with one employee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN TOBIN | PRESIDENT & DIRECTOR | 40 | $170,309 |
| DIRK ETCHISON | DIRECTOR | 2 | $1,500 |
| KEN RANDMAN | DIRECTOR | 2 | $2,000 |
| ALMA BANUELOS | DIRECTOR & SECRETARY | 2 | — |
Contact Information
Address: 4283 Arcada Street Palm Springs, CA 92262
Phone: 818-970-0286
Email: grants@gracehelenspearman.foundation
Website: gracehelenspearman.foundation
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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