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Spence Family Foundation is a private corporation based in BILLINGS, MT. The foundation received its IRS ruling in 2002. The principal officer is % Ralph Spence Jr. It holds total assets of $1.8M. Annual income is reported at $410K. SUPPORT OF VARIOUS 501(C)(3) ORGANIZATIONS. According to available records, Spence Family Foundation has made 7 grants totaling $280K, with a median grant of $5K. Annual giving has decreased from $200K in 2021 to $10K in 2023. Individual grants have ranged from $5K to $200K, with an average award of $40K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Montana. Contributions to this foundation are tax-deductible.
SUPPORT OF VARIOUS 501(C)(3) ORGANIZATIONS - TOTAL OF 5 ORGANIZATIONS.
Expenses: $100K
SUPPORT OF VARIOUS 501(C)(3) ORGANIZATIONS. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MT.
Spence Family Foundation has distributed a total of $280K across 7 grants. The median grant size is $5K, with an average of $40K. Individual grants have ranged from $5K to $200K.
The application deadline is CONTACT FOUNDATION.
Spence Family Foundation is headquartered in BILLINGS, MT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ralph Spence Iii | DIRECTOR | $0 | $0 | $0 |
| Tancy W Spence | SECRETARY/TREASURER | $0 | $0 | $0 |
| Benjamin Spence | DIRECTOR | $0 | $0 | $0 |
| Ralph Spence Jr | PRESIDENT | $0 | $0 | $0 |
| Nash Spence | DIRECTOR | $0 | $0 | $0 |
Total Giving
$16K
Total Assets
$1.7M
Fair Market Value
$1.8M
Net Worth
$1.7M
Grants Paid
$10K
Contributions
$0
Net Investment Income
$53K
Distribution Amount
$88K
Total Grants
7
Total Giving
$280K
Average Grant
$40K
Median Grant
$5K
Unique Recipients
3
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rocky Mountain CollegePHILANTHROPIC PURPOSES | Billings, MT | $5K | 2023 |
| Amani For Africa Usa FoundationPHILANTHROPIC PURPOSES | Billings, MT | $5K | 2023 |
| Billings Community FoundationPHILANTHROPIC PURPOSES | Billings, MT | $5K | 2022 |
LAS CRUCES, NM
PORTLAND, OR
RHINEBECK, NY
SKOKIE, IL
BENICIA, CA
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
BOZEMAN, MT
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