The Spring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $120.1M in total assets. In 2024, it awarded 6 grants totaling $2.7M. Net investment income was $17.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$120.1M
+14.4% YoY
Annual Giving
$2.7M
-25.0% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$450K
-37.5% YoY
About The Spring Foundation Inc
Based on IRS filings
The Spring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $120.1M in total assets. In 2024, it awarded 6 grants totaling $2.7M. Net investment income was $17.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $120,079,101 | $104,978,725 | $104,160,284 |
| Revenue | $19,018,599 | $5,650,918 | $-7,184,259 |
| Expenses | $3,918,223 | $4,832,477 | $6,403,727 |
| Qualifying Distributions | $2,700,000 | $3,598,090 | $4,351,577 |
| Net Investment Income | $17,923,166 | $4,416,531 | — |
| Distributable Amount | $5,296,054 | $5,182,674 | $5,173,052 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELLE D DOBBINS | DIRECTOR/PRESIDENT | 6 | — |
| MICHAEL M MASTERS | DIRECTOR/TREASURER | 6 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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