W Vaughan Spencer Foundation Inc
W Vaughan Spencer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHMONT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $579K in total assets. In 2024, it awarded 11 grants totaling $48K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$579K
+2.0% YoY
Annual Giving
$48K
+47.3% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$4K
+20.5% YoY
Under IRS private-foundation payout rules, W Vaughan Spencer Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
About W Vaughan Spencer Foundation Inc
Based on IRS filings
W Vaughan Spencer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHMONT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $579K in total assets. In 2024, it awarded 11 grants totaling $48K. Net investment income was $29K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $579,042 | $567,817 | $542,647 |
| Revenue | $62,633 | $57,945 | $49,540 |
| Expenses | $51,408 | $32,775 | $44,102 |
| Qualifying Distributions | $48,246 | $32,750 | $41,350 |
| Net Investment Income | $28,918 | $26,409 | $17,690 |
| Distributable Amount | $51,923 | $43,297 | $41,484 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Baptist Church ($7,000), Alzheimer's Association ($5,000), Cancer Research Institute ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KEY WEST WOMEN'S CLUB KEY WEST, FL | CHARITABLE/EDUCATIONAL | $1,746 |
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | CHARTIABLE/EDUCATIONAL | $5,000 |
| CANCER RESEARCH INSTITUTE NEW YORK, NY | CHARITABLE/EDUCATIONAL | $5,000 |
| CHERYL CATES MEMORIAL FOUNDATION KEY WEST, FL | CHARITABLE/EDUCATIONAL | $2,500 |
| FIRST BAPTIST CHURCH KEY WEST, FL | CHARITABLE/EDUCATIONAL | $7,000 |
| CANINE COMPANIONS SANTA ROSA, CA | CHARITABLE/EDUCATIONAL | $5,000 |
| RONALD MCDONALD HOUSE CHICAGO, IL | CHARITABLE/EDUCATIONAL | $4,000 |
| THE SALVATION ARMY ALEXADRIA, VA | CHARITABLE/EDUCATIONAL | $4,000 |
| DISABLED AMERICAN VETERANS RALEIGH, NC | CHARITABLE/EDUCATIONAL | $5,000 |
| HOSPICE OF DAVIDSON COUNTY LEXINGTON, NC | CHARITABLE/EDUCATIONAL | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W VAUGHAN SPENCER | PRESIDENT | 10 | — |
| JUDITH SPENCER | VICE PRESIDENT | 2 | — |
| STACEY OGBURN | DIRECTOR | 2 | — |
| ROBERTA SPENCER | SECRETARY/TREASURER | 2 | — |
| MARTIN HIGH | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is W Vaughan Spencer Foundation Inc?
W Vaughan Spencer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTHMONT, NC. It holds $579K in total assets as of 2024.
How large is W Vaughan Spencer Foundation Inc?
As of 2024, W Vaughan Spencer Foundation Inc holds $579K in total assets with $63K in annual revenue. It awarded 11 grants totaling $48K in 2024.
Where does W Vaughan Spencer Foundation Inc operate?
W Vaughan Spencer Foundation Inc has awarded grants in California, District of Columbia, Florida, Illinois, Kansas, Missouri, North Carolina, New York, Virginia.
What size grants does W Vaughan Spencer Foundation Inc award?
In 2024, W Vaughan Spencer Foundation Inc awarded 11 grants totaling $48K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is W Vaughan Spencer Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W Vaughan Spencer Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W Vaughan Spencer Foundation Inc's EIN?
W Vaughan Spencer Foundation Inc's EIN (Employer Identification Number) is 61-1383120. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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