The Spase Foundation
The Spase Foundation is a private foundation focused on Education, based in Vestavia Hills, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $31K in total assets. Net investment income was $108.
The Spase Foundation at a glance
- Total assets
- $31,100
- +0.3% vs 2022
- Revenue (2023)
- $108
- +208.6% vs 2022
- Net investment income (2023)
- $108
- +208.6% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Spase Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Samford University Homewood, AL | Gretchen McDanile Scholarship FD | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2023 | $31,100 | $108 | — | — | — | $108 | $1,537 |
| 2022 | $30,992 | $35 | $660 | — | — | $35 | $1,581 |
| 2021 | $31,617 | $3 | $2,115 | — | — | $3 | $53 |
| 2020 | $33,729 | $4 | $822 | $500 | 1 | $4 | $12 |
Under IRS private-foundation payout rules, The Spase Foundation reported a distributable amount of $2K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Spase Foundation is led by Scott Williams, Chairman on every filing since 2020; none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Scott Williams
Chairman
On filings since 2020
No compensation reported
Carol Milster
Trustee
On filings since 2020
No compensation reported
Milton Gwaltney
Trustee
On filings since 2020
No compensation reported
Margaret Williams
Vice Chairman
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Spase Foundation
How large is The Spase Foundation?
The Spase Foundation reported $31K in total assets on its 2023 IRS Form 990-PF. Its revenue that year was $108.
What is The Spase Foundation?
The Spase Foundation is a private foundation focused on Education, based in Vestavia Hills, AL. It holds $31K in total assets as of 2023.
Where does The Spase Foundation operate?
The Spase Foundation has awarded grants in Alabama.
How much is The Spase Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Spase Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Spase Foundation's EIN?
The Spase Foundation's EIN (Employer Identification Number) is 20-3571354. IRS Form 990 filing data is available on this page for 2020–2023.
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 2020–2023
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