The Spungin Family Foundation
The Spungin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARBLEHEAD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $360K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$360K
-3.0% YoY
Annual Giving
$20K
+0.0% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$5K
-75.0% YoY
About The Spungin Family Foundation
Based on IRS filings
The Spungin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARBLEHEAD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $360K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $29K.
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 | $360,155 | $371,219 | $318,444 |
| Revenue | $29,155 | $53,548 | $6,826 |
| Expenses | $21,632 | $21,792 | $20,400 |
| Qualifying Distributions | $20,000 | $19,992 | $20,273 |
| Net Investment Income | $29,155 | $53,487 | $6,734 |
| Distributable Amount | $22,889 | $14,032 | $18,352 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
14 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 |
|---|---|---|---|
| Steven M Spungin | Trustee | 2 | — |
| Jennifer D Spungin | Trustee | 1 | — |
| Sophia R Spungin | Trustee | 0.25 | — |
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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