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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$31K
+0.3% YoY
Revenue
$108
+208.6% YoY
Net Investment Income
$108
+208.6% YoY
Expenses
—
-100.0% YoY
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.
About The Spase Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $31,100 | $30,992 | $31,617 |
| Revenue | $108 | $35 | $3 |
| Expenses | — | $660 | $2,115 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $108 | $35 | $3 |
| Distributable Amount | $1,537 | $1,581 | $53 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2023
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT WILLIAMS | CHAIRMAN | — | — |
| MARGARET WILLIAMS | VICE-CHAIRMA | — | — |
| MILTON GWALTNEY | TRUSTEE | — | — |
| CAROL MILSTER | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Spase Foundation?
The Spase Foundation is a nonprofit organization focused on Education, based in VESTAVIA HILLS, AL. It holds $31K in total assets as of 2023.
How large is The Spase Foundation?
As of 2023, The Spase Foundation holds $31K in total assets with $108 in annual revenue.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.