Nancy Woodson Spire Foundation Inc
- Assets
- $29.2m
- Revenue
- $2.4m
- Investments
- $28.5m
- Employees
- 0
- Location
- Greenville, DE
- Founding
- 11/1980
- Data as of
- 06/2021
- EIN
- 39-1367383
Organization Overview
Nancy Woodson Spire Foundation Inc is located in Greenville, DE. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nancy Woodson Spire Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Nancy Woodson Spire Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nancy Woodson Spire Foundation Inc has awarded 12 individual grants totaling $3,055,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO GRANTS WERE MADE TO THE LEIGH YAWKEY WOODSON ART MUSEUM TOTALING $520,000 TO FUND THE PURCHASE OF ART OBJECTS FOR ITS PERMANENT COLLECTION.
A GRANT WAS MADE TO THE NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE AMOUNT OF $250,000 TO SUPPORT CHESTERWOOD.
A GRANT WAS MADE TO THE MONTPELIER FOUNDATION ANNUAL FUND IN THE AMOUNT OF $250,000 IN SUPPORT OF THE ANNUAL FUND CHALLENGE GRANT.
A GRANT WAS MADE TO THE WOODSON YMCA FOUNDATION INC IN THE AMOUNT OF $500,000 IN SUPPORT OF THE CAPITAL CAMPAIGN FOR THE EXPANSION OF THE WOODSON YMCA FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy C Orr Director | 0.25 | $4,325 | |
Walter Dillingham Director | 0.25 | $0 | |
John P Garniewski Jr President & Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $413,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,904,162 |
| Capital Gain Net Income | $1,904,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,534 |
| Total Revenue | $2,359,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,640 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $218,210 |
| Contributions, gifts, grants paid | $1,530,500 |
| Total expenses and disbursements | $1,748,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,812 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,149,164 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,191,408 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $100,000 |
Grants Awarded
Over the last fiscal year, Nancy Woodson Spire Foundation Inc has awarded $1,524,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Wausau, WI PURPOSE: PURCHASE OF ART OBJECTS FOR ITS PERMANENT COLLECTION | $520,000 |
Wausau, WI PURPOSE: IN SUPPORT OF THE CAPITAL CAMPAIGN FOR THE EXPANSION OF THE WOODSON YMCA FACILITIES | $500,000 |
THE MONTPELIER FOUNDATION PURPOSE: ANNUAL FUND CHALLENGE GRANT | $250,000 |
Washington, DC PURPOSE: IN SUPPORT OF CHESTERWOOD | $250,000 |
UWMC FOUNDATION PURPOSE: FUND SCHOLARSHIP TO A QUALIFIED STUDENT FROM LAKELAND UNION HIGH SCHOOL | $3,000 |
Wausau, WI PURPOSE: IN SUPPORT OF GENERAL OPERATIONS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |