The William H Spence and Denise a Spence
The William H Spence and Denise a Spence is a private foundation, based in Bethlehem, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 4 grants totaling $256K. Net investment income was $724K.
The William H Spence and Denise a Spence at a glance
In short: The William H Spence and Denise a Spence gave $256K across 4 grants in 2024 (avg $64K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $256,250
- -30.7% vs 2023
- Grants made (2024)
- 4
- -42.9% vs 2023
- Average grant
- $64,063
- +21.2% vs 2023
- Median grant
- $1,500
- Total assets
- $5,324,389
- +33.9% vs 2023
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The William H Spence and Denise a Spence funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was United Way of the Greater Lehigh Valley ($253K). Together the top 4 received $256K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 13 grants of 18 (72%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The William H Spence and Denise a Spence gives
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 157% of its IRS minimum distribution (the 5% rule). 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 2021 to 2024, annual grant giving ranged from $256K (2024) to $401K (2022). In 2024 it made 4 grants totaling $256K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of the Greater Lehigh Valley Allentown, PA | Support | $253,000 |
| Liberty High School Athletic Club Bethlehem, PA | Support | $2,500 |
| Grow Ahead Tustin, CA | Support | $500 |
| The Allentown Band Allentown, PA | Support | $250 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,324,389 | $1,672,107 | $323,814 | $256,250 | 4 | $283,750 | $724,476 | $180,355 |
| 2023 | $3,976,096 | $438,360 | $435,686 | $370,000 | 7 | $395,000 | $397,674 | $156,799 |
| 2022 | $4,284,560 | $289,678 | $420,068 | $400,525 | 2 | $400,525 | $58,219 | $193,642 |
| 2021 | $4,399,074 | $406,319 | $309,501 | $295,050 | 5 | $295,050 | $391,868 | $207,571 |
| 2020 | $4,006,994 | $4,006,994 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, The William H Spence and Denise a Spence reported a distributable amount of $180K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The William H Spence and Denise a Spence's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Rachel Leah Spence
Trustee
On filings since 2020
20 hrs/week
$50K (2023) → $55K (2024)
Denise A. Spence
Trustee
On filings since 2020
No compensation reported
William H. Spence
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $55K, to Rachel Leah Spence (Trustee).
Frequently asked questions about The William H Spence and Denise a Spence
How much does The William H Spence and Denise a Spence give each year?
The William H Spence and Denise a Spence gave $256K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $370K across 7 grants.
What is The William H Spence and Denise a Spence's typical grant size?
The William H Spence and Denise a Spence's median grant in 2024 was $1,500, and its average grant was $64,063, across 4 grants on its 2024 IRS Form 990-PF.
Where does The William H Spence and Denise a Spence give grants?
The William H Spence and Denise a Spence gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Allentown, PA (2 grants).
Does The William H Spence and Denise a Spence give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The William H Spence and Denise a Spence's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (4 grants).
How large is The William H Spence and Denise a Spence?
The William H Spence and Denise a Spence reported $5.3M in total assets on its 2024 IRS Form 990-PF. It paid out $284K in qualifying distributions that year, against a required minimum of $180K (roughly 5% of its investment assets).
What is The William H Spence and Denise a Spence's EIN?
The William H Spence and Denise a Spence's EIN (Employer Identification Number) is 85-6768944. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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