The William H Spence and Denise a Spence

Private foundation · Grantmaker Bethlehem, PA EIN: 85-6768944

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.

Key facts about The William H Spence and Denise a Spence

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.

EIN
85-6768944
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$256,250
Grants made (2024)
4
Average grant
$64,063
Median grant
$1,500
Total assets
$5,324,389
Primary geography
Pennsylvania (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.3M

+33.9% YoY

Annual Giving

$256K

-30.7% YoY

Grant Count

4

-42.9% YoY

Avg Grant Size

$64K

+21.2% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

BethlehemAllentownTustinWilmingtonEastonPhiladelphiaTulsa

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2020 5 grants2021 2 grants2022 7 grants2023 4 grants2024

From 2021 to 2024, annual grant giving ranged from $256K (2024) to $401K (2022). In 2024 it made 4 grants totaling $256K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

United Way of the Greater Lehigh Valley: $253KUnited Way of the GreaterLehigh Valley$253KLiberty High School Athletic Club: $3KLiberty High School AthleticClub$3KGrow Ahead: $500Grow Ahead$500The Allentown Band: $250The Allentown Band$250

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

13<$50K1$50–100K1$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 18 (72%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
United Way of the Greater Lehigh Valley Allentown, PASupport$253,000
Liberty High School Athletic Club Bethlehem, PASupport$2,500
Grow Ahead Tustin, CASupport$500
The Allentown Band Allentown, PASupport$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$5,324,389$3,976,096$4,284,560
Revenue$1,672,107$438,360$289,678
Expenses$323,814$435,686$420,068
Qualifying Distributions$283,750$395,000$400,525
Net Investment Income$724,476$397,674$58,219
Distributable Amount$180,355$156,799$193,642

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Rachel Leah Spence — Trustee: $55KRachel Leah SpenceTrustee$55K

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.

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