The Spence Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+5.6% YoY
Annual Giving
$30K
+200.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$15K
+200.0% YoY
Under IRS private-foundation payout rules, The Spence Family Foundation reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
About The Spence Family Foundation
Based on IRS filings
The Spence Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $78K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,759,264 | $1,665,416 | $1,624,197 |
| Revenue | $133,327 | $58,372 | $70,370 |
| Expenses | $36,854 | $15,583 | $41,084 |
| Qualifying Distributions | $30,000 | $10,000 | $35,000 |
| Net Investment Income | $77,814 | $53,388 | $65,605 |
| Distributable Amount | $101,897 | $87,508 | $89,132 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rocky Mountain College ($20,000), Amani for Africa Usa Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ROCKY MOUNTAIN COLLEGE BILLINGS, MT | PHILANTHROPIC PURPOSES | $20,000 |
| AMANI FOR AFRICA USA FOUNDATION BILLINGS, MT | PHILANTHROPIC PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RALPH SPENCE JR | PRESIDENT | 1 | — |
| TANCY W SPENCE | SECRETARY/TREASURER | 1 | — |
| RALPH SPENCE III | DIRECTOR | 1 | — |
| NASH SPENCE | DIRECTOR | 1 | — |
| BENJAMIN SPENCE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Spence Family Foundation?
The Spence Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. It holds $1.8M in total assets as of 2024.
How large is The Spence Family Foundation?
As of 2024, The Spence Family Foundation holds $1.8M in total assets with $133K in annual revenue. It awarded 2 grants totaling $30K in 2024.
Where does The Spence Family Foundation operate?
The Spence Family Foundation has awarded grants in Montana.
What size grants does The Spence Family Foundation award?
In 2024, The Spence Family Foundation awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Spence Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Spence Family Foundation reported a distributable amount of $102K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Spence Family Foundation's EIN?
The Spence Family Foundation's EIN (Employer Identification Number) is 04-3619122. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Spence Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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