The Jotom Foundation
The Jotom Foundation is a private foundation, based in Suffolk, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $99K.
The Jotom Foundation at a glance
In short: The Jotom Foundation gave $25K across 1 grant in 2024 (avg $25K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $25,000
- -8.8% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $25,000
- +82.5% vs 2023
- Median grant
- $25,000
- Total assets
- $1,139,238
- +8.3% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Jotom Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Colonial Virginia Council-BSA ($25K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Jotom Foundation gives
- Giving held roughly steady from 2021 to 2024 (−5%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2022) to $27K (2023). In 2024 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colonial Virginia Council-BSA Newport News, VA | Virginia bsa council that promotes quality youth programs for boys. | $25,000 |
Ready to take the next step with The Jotom Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $1,139,238 | $98,820 | $47,202 | $25,000 | 1 | $25,000 | $98,820 |
| 2023 | $1,051,974 | $27,589 | $47,013 | $27,400 | 2 | $27,400 | $28,393 |
| 2022 | $980,663 | $5,767 | $49,190 | $25,000 | 1 | $25,000 | $27,643 |
| 2021 | $1,151,441 | $128,038 | $47,428 | $26,200 | 2 | $26,200 | $128,038 |
| 2020 | $1,011,468 | $33,839 | $43,321 | $26,200 | 2 | — | $33,839 |
Leadership & Key People
Officers and directors from IRS filings
The Jotom Foundation is led by William T. Spence, Chairman on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
William T. Spence
Chairman
On filings since 2020
No compensation reported
Jennifer S. Spence
Director
On filings since 2020
No compensation reported
Linda J. Spence
Director
On filings since 2020
No compensation reported
William T. Spence Jr.
Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: Joshua Pretlow Jr. (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Jotom Foundation
How much does The Jotom Foundation give each year?
The Jotom Foundation gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 2 grants.
How large is The Jotom Foundation?
The Jotom Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $99K.
Where does The Jotom Foundation operate?
The Jotom Foundation has awarded grants in Virginia.
What is The Jotom Foundation's EIN?
The Jotom Foundation's EIN (Employer Identification Number) is 54-2014304. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Jotom Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Jotom Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Virginia
The Wm Jordan Company Charitable
Newport News, VA
Assets
$272K
Grants
7
Total Given
$28K
United Way of the Virginia Peninsula
Yorktown, VA
United Way of the Virginia Peninsula funds programs addressing education, health, and financial stability, including basic-needs support, across nine Virginia Peninsula communities. Its 2025 grants ranged from $5,243 to $204,160, with a median of $23,837; it accepts applications for emergency funding from eligible human-service organizations responding to health crises.
Assets
$8.0M
Grants
47
Total Given
$2.3M
United Way of South Hampton Roads
Norfolk, VA
United Way of South Hampton Roads funds local nonprofits working in education, health, and economic mobility, including services for people facing poverty or crisis and support for children, veterans, and military families. In 2025, its 60 grants ranged from $9,015 to $705,932, with a median of $68,866, and went to Virginia recipients, primarily in South Hampton Roads. Community investment opportunities are offered primarily through requests for proposals; applicants must be certified or apply for certification.
Assets
$66.0M
Grants
60
Total Given
$8.2M
Peninsula Community Foundation of Virginia Inc
Hampton, VA
The foundation funds nonprofits in arts and culture, civic affairs, the environment, education, health, and social services, primarily for communities on Virginia’s Peninsula. In 2024, grants ranged from $5,500 to $400,000, with a median of $12,750. The available information does not state whether it accepts unsolicited requests.
Assets
$18.1M
Grants
68
Total Given
$1.6M
Langley for Families - the Foundation of LFCU
Newport News, VA
Langley for Families Foundation funds local 501(c)(3) organizations serving children and families in Hampton Roads, with a focus on education, healthcare, housing, and human services. Its 2025 grants ranged from $6,000 to $26,716, with a median of $10,000. It accepts unsolicited requests through its online portal.
Assets
$89K
Grants
80
Total Given
$973K
Tidewater Jewish Foundation Inc
Virginia Beach, VA
Tidewater Jewish Foundation funds Jewish life, education, culture, community engagement, social welfare, and other projects, with priority for work benefiting the Jewish community in Tidewater, Virginia; it also makes distributions elsewhere in the U.S., Israel, and other countries. Its giving varies widely: 2025 grants ranged from $5,100 to over $2.5 million, with a median of $15,000; the Community Impact Grants program accepts online applications from eligible nonprofits and requires requests of at least $500.
Assets
$79.7M
Grants
167
Total Given
$10.0M
More similar funders
More Funders in Virginia
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Jotom Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Jotom Foundation down — hundreds of funders to go?