The Spring Foundation Inc
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.
Key facts about The Spring Foundation Inc
- EIN
- 27-1498037
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,700,000
- Grants made (2024)
- 6
- Average grant
- $450,000
- Median grant
- $100,000
- Total assets
- $120,079,101
- Primary geography
- District of Columbia (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Spring Foundation Inc funds
By grant dollars, the top recipient states for The Spring Foundation Inc's 6 itemized 2024 grants were District of Columbia (59%), Tennessee (26%) and New York (7%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support of Programs" (6 grants).
How The Spring Foundation Inc gives
- Giving fell 31% from 2021 to 2024. Method
- In 2024 it paid out 51% 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.
Next steps with The Spring Foundation Inc
- How to evaluate The Spring Foundation Inc as a funder
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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
Under IRS private-foundation payout rules, The Spring Foundation Inc reported a distributable amount of $5.3M for 2024 — the minimum it must pay out in qualifying distributions.
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
Share of all 6 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
Among its reported 2024 grants, the largest recipients include Greater Washington Community Foundation ($1,600,000), The University of Tennessee Foundation ($700,000), Catholic Charities of the Archdiocese of Miami ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GREATER WASHINGTON COMMUNITY FOUNDATION Washington, DC | SUPPORT OF PROGRAMS | $1,600,000 |
| THE UNIVERSITY OF TENNESSEE FOUNDATION Knoxville, TN | SUPPORT OF PROGRAMS | $700,000 |
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF MIAMI Wilton Manors, FL | SUPPORT OF PROGRAMS | $100,000 |
| LIFEWAY NETWORK Rego Park, NY | SUPPORT OF PROGRAMS | $100,000 |
| LYMPHATIC EDUCATION & RESEARCH NETWORK New York, NY | SUPPORT OF PROGRAMS | $100,000 |
| PARTNERS IN HEALTH Boston, MA | SUPPORT OF PROGRAMS | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Frequently Asked Questions
What is The Spring Foundation Inc?
The Spring Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $120.1M in total assets as of 2024.
How large is The Spring Foundation Inc?
As of 2024, The Spring Foundation Inc holds $120.1M in total assets with $19.0M in annual revenue. It awarded 6 grants totaling $2.7M in 2024.
Where does The Spring Foundation Inc operate?
The Spring Foundation Inc has awarded grants in District of Columbia, Florida, Georgia, Illinois, Massachusetts, New York, Tennessee.
What size grants does The Spring Foundation Inc award?
In 2024, The Spring Foundation Inc awarded 6 grants totaling $2.7M — an average of about $450K per grant, based on its IRS Form 990 filings.
How much is The Spring Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Spring Foundation Inc reported a distributable amount of $5.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Spring Foundation Inc's EIN?
The Spring Foundation Inc's EIN (Employer Identification Number) is 27-1498037. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.