Hugh E& Marjorie Spetersen Foundation Inc
Preselected recipients only
Hugh E& Marjorie Spetersen Foundation Inc is a private foundation in Santa Barbara, California. In tax year 2024 it gave $1.7 million in 19 grants; the typical grant was $30,000 and the largest $510,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$1.7 million
- Number of grants19
- Typical grant$30,000
- Largest grant$510,000
- Assets$30.9 million
- New grantees37%
Giving in 2024 was up from $738,487 the year before.
37% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $738,487 | 12 | $35.4 million |
| 2024 | $1.7 million | 19 | $30.9 million |
How to apply
Hugh E& Marjorie Spetersen Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Hugh E& Marjorie Spetersen Foundation Inc funds
Where it gives
Its grants went to recipients in 7 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 13 | $1.3 million |
| Arizona | 1 | $161,000 |
| Georgia | 1 | $150,000 |
| Florida | 1 | $30,000 |
| North Carolina | 1 | $10,000 |
| Illinois | 1 | $2,400 |
| Texas | 1 | $2,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Montecito Covenant Church | General & unrestricted | $510,000 |
| Westmont College | Internship program | $400,000 |
| Young Life - California Central Region AF56 | General support | $161,000 |
| Haggai International Institute | Leadership training session | $150,000 |
| Santa Barbara Rescue Mission | General support | $100,000 |
| Family Care Network Inc | General support | $60,000 |
| Providence School Inc | General support | $50,000 |
| Langham Partnership USA | General support | $40,000 |
| Wycliffe Bible Translators Inc | General support | $30,000 |
| Healing Well & Living Free Foundation | General support | $30,000 |
| Cancer Support Community Valley | General support | $25,000 |
| Direct Relief International | Ukraine relief | $25,000 |
| The Salvation Army | General support | $25,000 |
| Through la Arcada Investment Corporation K-1 | As provided by s-corp schedule k-1. Organization available upon request. | $23,170 |
| Doctors Without Walls Santa Barbara | General suppport | $10,000 |
| Santa Barbara School of Squash Inc | General suppport | $10,000 |
| Samaritans Purse | General support | $10,000 |
| Teachbeyond Inc | General support | $2,400 |
| Frisco Fellowship of Christian Athletes | General support | $2,000 |
Officers and trustees
- Ruth Kovacs
- Sharon Peck
- Lynne Mtahmisian
Questions people ask
Does Hugh E& Marjorie Spetersen Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Hugh E& Marjorie Spetersen Foundation Inc give?
$1.7 million in tax year 2024, across 19 grants, with a typical grant of $30,000.
Who runs Hugh E& Marjorie Spetersen Foundation Inc?
Its 2024 filing lists Ruth Kovacs (Dir, Sec, VP), Sharon Peck (Dir, VP) and Lynne Mtahmisian (Dir, Pres).
What does Hugh E& Marjorie Spetersen Foundation Inc fund?
Based on its grants, mainly faith communities, education and international.