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King Spruce Company is a private corporation based in BOSTON, MA. The foundation received its IRS ruling in 1956. The principal officer is Edward H Keith. It holds total assets of $1.5M. Annual income is reported at $215K. Total assets have decreased from $2.3M in 2010 to $1.7M in 2022. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Massachusetts and Illinois. According to available records, King Spruce Company has made 201 grants totaling $912K, with a median grant of $2K. Annual giving has grown from $278K in 2021 to $634K in 2022. Individual grants have ranged from $500 to $85K, with an average award of $5K. The foundation has supported 76 unique organizations. The foundation primarily supports organizations in Massachusetts, Pennsylvania, Hawaii, which account for 68% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$5K
Largest Grant
$85K
Based on 67 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
King Spruce Company is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 201 grants. Its grantmaking reaches organizations primarily in MA, PA, HI.
King Spruce Company has distributed a total of $912K across 201 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $500 to $85K.
King Spruce Company typically selects its grantees rather than accepting unsolicited proposals.
King Spruce Company is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meredith P Clapp | PRES/TRUSTEE | $16K | $0 | $16K |
| Marjorie G Clapp | V P/TRUSTEE | $0 | $0 | N/A |
| Paul R Brown | CLERK/TRUSTEE | $0 | $0 | N/A |
| Eugene H Clapp Iii | TREAS/TRUSTEE | $0 | $0 | N/A |
Total Giving
$399K
Total Assets
$1.7M
Fair Market Value
$6.3M
Net Worth
$1.7M
Grants Paid
$342K
Contributions
N/A
Net Investment Income
$138K
Distribution Amount
$328K
Total: $869K
Total Grants
201
Total Giving
$912K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
76
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of PennsylvaniaUNRESTRICTED GIFT | Philadelphia, PA | $85K | 2022 |
| Nantucket Yacht Club FoundationUNRESTRICTED GIFT | Nantucket, MA | $25K | 2022 |
| Spaulding Rehabilitation HospitalUNRESTRICTED GIFT | Boston, MA | $20K | 2022 |
| Friends Of Amy B Greenwell Ethnobotanical GardenUNRESTRICTED GIFT | Captain Cook, HI | $15K | 2022 |
| Conservation Law FoundationUNRESTRICTED GIFT | Boston, MA | $10K | 2022 |
| Rogerson CommunitiesUNRESTRICTED GIFT | Boston, MA | $10K | 2022 |
| Brigham And Women'S HospitalUNRESTRICTED GIFT | Boston, MA | $10K | 2022 |
| Emma Willard SchoolUNRESTRICTED GIFT | Troy, NY | $10K | 2022 |
| WburUNRESTRICTED GIFT | Boston, MA | $6K | 2022 |
| Artist Association Of NantucketUNRESTRICTED GIFT | Nantucket, MA | $6K | 2022 |
| Esplanade AssociationUNRESTRICTED GIFT | Boston, MA | $6K | 2022 |
| Boston Symphony OrchestraUNRESTRICTED GIFT | Boston, MA | $5K | 2022 |
| Access Sport AmericaUNRESTRICTED GIFT | Acton, MA | $5K | 2022 |
| Barth Syndrome FoundationUNRESTRICTED GIFT | Larchmont, NY | $5K | 2022 |
| Huntington Theatre Company IncUNRESTRICTED GIFT | Boston, MA | $5K | 2022 |
| Us RowingUNRESTRICTED GIFT | Princeton, NJ | $5K | 2022 |
| John G Shedd AquariumUNRESTRICTED GIFT | Chicago, IL | $5K | 2022 |
| King'S ChapelUNRESTRICTED GIFT | Boston, MA | $5K | 2022 |
| University Of HawaiiUNRESTRICTED GIFT | Honolulu, HI | $5K | 2022 |
| National Rowing FoundationUNRESTRICTED GIFT | N Stonington, CT | $5K | 2022 |
| Mass General HospitalUNRESTRICTED GIFT | Boston, MA | $5K | 2022 |
| Community Rowing IncUNRESTRICTED GIFT | Newton, MA | $5K | 2022 |
| Beacon Hill Civic AssociationUNRESTRICTED GIFT | Boston, MA | $3K | 2022 |
| Museum Of Fine ArtsUNRESTRICTED GIFT | Boston, MA | $3K | 2022 |
| Nantucket Cottage HospitalUNRESTRICTED GIFT | Nantucket, MA | $3K | 2022 |
| United Way Of Mass BayUNRESTRICTED GIFT | Boston, MA | $3K | 2022 |