C D Spangler Foundation Inc
- Assets
- $467.2m
- Revenue
- $39.4m
- Investments
- $356.0m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/1960
- Data as of
- 12/2022
- EIN
- 56-6061548
Organization Overview
C D Spangler Foundation Inc is located in Charlotte, NC. The organization was established in 1960. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. C D Spangler 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 12/2022, C D Spangler Foundation Inc generated $39.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $25.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, C D Spangler Foundation Inc has awarded 120 individual grants totaling $25,753,680. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith R Spangler Chairman | 0 | $0 | |
W D Cornwell Jr Vp/sec/tr/dir | 0 | $0 | |
Anna Spangler Nelson Vp/director | 0 | $0 | |
Abigail R Spangler Director/pres | 0 | $0 | |
Cindy L Marr Vp/asst Sec | 0 | $0 | |
Meghan G Ellis Vp/asst Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,849,325 |
| Interest on Savings | $1,520,667 |
| Dividends & Interest | $8,004,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,468 |
| Capital Gain Net Income | $27,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,402,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,635 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $300 |
| Total operating and administrative expenses | $136,685 |
| Contributions, gifts, grants paid | $25,753,680 |
| Total expenses and disbursements | $25,890,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,348,390 |
| Savings and temporary cash investments | $108,795,505 |
| 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 | $27,807 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $467,156,525 |
| 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 | $2,226,945 |
| Total liabilities | $2,226,945 |
Grants Awarded
Over the last fiscal year, C D Spangler Foundation Inc has awarded $25,753,680 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF CALHOUN AND CLEBURNE COUNTIES PURPOSE: TO ASSIST IN HEALTH AND HUMAN SERVICES | $25,000 |
ACH CHILD AND FAMILY SERVICES PURPOSE: TO ASSIST IN HEALTH AND HUMAN SERVICES | $25,000 |
ABINGDON VOLUNTEER FIRE DEPARTMENT PURPOSE: PROGRAM SUPPORT | $25,000 |
ARC OF GREATER NEW ORLEANS PURPOSE: PROGRAM SUPPORT | $25,000 |
ATRIUM HEALTH FOUNDATION PURPOSE: TO ASSIST IN HEALTH AND HUMAN SERVICES | $10,000,000 |
AUGUSTINE LITERACY PROJECT PURPOSE: TO ASSIST IN EDUCATIONAL OPPORTUNITIES | $100,000 |