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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. Total assets have grown from $516K in 2010 to $1.8M in 2023. The foundation is governed by 5 officers and trustees. Support of various 501(c)(3) organizations. Tax records are available from 2016 to 2023. 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 | N/A |
| Tancy W Spence | SECRETARY/TREASURER | $0 | $0 | N/A |
| Benjamin Spence | DIRECTOR | $0 | $0 | N/A |
| Ralph Spence Jr | PRESIDENT | $0 | $0 | N/A |
| Nash Spence | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.8M
Fair Market Value
N/A
Net Worth
$1.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |