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Spence Asset Management Foundation is a private corporation based in LAS CRUCES, NM. The foundation received its IRS ruling in 2012. It holds total assets of $32K. Annual income is reported at $15K. Total assets have grown from $12K in 2012 to $51K in 2023. The foundation is governed by 3 officers and trustees. The mission of the foundation is to support local community organizations by grants or contributing funds to organizations with a focus on education and health. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Spence Asset Management Foundation has made 4 grants totaling $101K, with a median grant of $21K. Annual giving has grown from $23K in 2020 to $39K in 2022. Individual grants have ranged from $20K to $39K, with an average award of $25K. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
The mission of the foundation is to support local community organizations by grants or contributing funds to organizations with a focus on education and health.
Expenses: $23K
The mission of the foundation is to support local community organizations by grants or contributing funds to organizations with a focus on education and health. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NM.
Spence Asset Management Foundation has distributed a total of $101K across 4 grants. The median grant size is $21K, with an average of $25K. Individual grants have ranged from $20K to $39K.
Spence Asset Management Foundation typically selects its grantees rather than accepting unsolicited proposals.
Spence Asset Management Foundation is headquartered in LAS CRUCES, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eric Walton | PRESIDENT | $0 | $0 | N/A |
| Carrie Nestle | SECRETARY | $0 | $0 | N/A |
| Sheila Walton | TREASURER | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$51K
Fair Market Value
$51K
Net Worth
$51K
Grants Paid
$33K
Contributions
$30K
Net Investment Income
N/A
Distribution Amount
$3K
Total Grants
4
Total Giving
$101K
Average Grant
$25K
Median Grant
$21K
Unique Recipients
1
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Various OrganizationsSUPPORT LOCAL NON-PROFITS, SCHOOLS | Las Cruces, NM | $20K | 2022 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM