The William H Spence and Denise a Spence

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.

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

-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.

About The William H Spence and Denise a Spence

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $1.3M (99%)

California $4K (0%)

Delaware $3K (0%)

Oklahoma $250 (0%)

States

California Delaware Oklahoma Pennsylvania

Cities

AllentownBethlehemEastonPhiladelphiaTulsaTustinWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
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

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

18 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United Way of the Greater Lehigh Valley ($253,000), Liberty High School Athletic Club ($2,500), Grow Ahead ($500).

Recipient	Purpose	Amount
GROW AHEAD TUSTIN, CA	SUPPORT	$500
UNITED WAY OF THE GREATER LEHIGH VALLEY ALLENTOWN, PA	SUPPORT	$253,000
THE ALLENTOWN BAND ALLENTOWN, PA	SUPPORT	$250
LIBERTY HIGH SCHOOL ATHLETIC CLUB BETHLEHEM, PA	SUPPORT	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WILLIAM H SPENCE	TRUSTEE	—	—
DENISE A SPENCE	TRUSTEE	—	—
RACHEL LEAH SPENCE	TRUSTEE	20	$55,000

Frequently Asked Questions

How large is The William H Spence and Denise a Spence?

As of 2024, The William H Spence and Denise a Spence holds $5.3M in total assets with $1.7M in annual revenue. It awarded 4 grants totaling $256K in 2024.

Where does The William H Spence and Denise a Spence operate?

The William H Spence and Denise a Spence has awarded grants in California, Delaware, Oklahoma, Pennsylvania.

What size grants does The William H Spence and Denise a Spence award?

In 2024, The William H Spence and Denise a Spence awarded 4 grants totaling $256K — an average of about $64K per grant, based on its IRS Form 990 filings.

How much is The William H Spence and Denise a Spence required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The William H Spence and Denise a Spence reported a distributable amount of $180K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.