The Spearman Foundation Inc
The Spearman Foundation Inc is a private foundation, based in Cocoa, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 3 grants totaling $36K. Net investment income was $38K.
The Spearman Foundation Inc at a glance
In short: The Spearman Foundation Inc gave $36K across 3 grants in 2025 (avg $12K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,412
- -58.4% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $12,137
- -58.4% vs 2024
- Median grant
- $10,000
- Total assets
- $1,107,338
- +2.2% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Spearman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was FSU Boosters ($24K). Together the top 3 received $36K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 16 grants of 18 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Spearman Foundation Inc gives
- Giving grew 137% from 2022 to 2025. Method
- In 2025 it paid out 57% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $15K (2022) to $162K (2021). In 2025 it made 3 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| FSU Boosters Tallahassee, FL | Educational | $23,912 |
| FSU Foundation Tallahassee, FL | Educational | $10,000 |
| Scott Center for Autism Melbourne, FL | Charitable | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,107,338 | $117,994 | $93,680 | $36,412 | 3 | $36,412 | $38,323 | $64,010 |
| 2024 | $1,083,024 | $96,625 | $121,514 | $87,572 | 3 | $87,572 | $54,117 | $62,677 |
| 2023 | $1,107,913 | $129,845 | $116,909 | $56,081 | 1 | $56,081 | $42,774 | $62,365 |
| 2022 | $1,094,977 | $83,152 | $87,739 | $15,367 | 3 | $15,367 | $7,424 | $52,773 |
| 2021 | $1,099,564 | $51,209 | $216,275 | $162,390 | 8 | $162,390 | — | $62,688 |
| 2020 | $1,264,630 | $269,809 | $187,601 | $152,275 | 2 | — | $41,438 | $51,956 |
Under IRS private-foundation payout rules, The Spearman Foundation Inc reported a distributable amount of $64K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Spearman Foundation Inc is led by Guy M. Spearman III, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Guy M. Spearman III
President
On filings since 2020
No compensation reported
Gary Runyan
Treasurer
On filings since 2020
No compensation reported
Wilbur E. Brewton
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Spearman Foundation Inc
How much does The Spearman Foundation Inc give each year?
The Spearman Foundation Inc gave $36K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $88K across 3 grants.
What is The Spearman Foundation Inc's typical grant size?
The Spearman Foundation Inc's median grant in 2025 was $10,000, and its average grant was $12,137, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Spearman Foundation Inc give grants?
The Spearman Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tallahassee, FL (2 grants).
Does The Spearman Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Spearman Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Spearman Foundation Inc?
The Spearman Foundation Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $64K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Spearman Foundation Inc's EIN?
The Spearman Foundation Inc's EIN (Employer Identification Number) is 59-3454231. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 22, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Spearman Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Spearman Foundation Inc's focus areas in our free grants database
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