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· Private foundation

Spencer Education Foundation

Its FY2025 filing reports that it accepted unsolicited grant applications.

$141k
Granted FY2025still arriving
75
Grants FY2025still arriving
1
States reached
$2k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Education$1.2MHealth$34kReligion$2k
02FY2025 · 75 grants

Where the money goes

Grants by size, and the largest recipients.

$2,364
Median grant
1
States reached
$3.0M
Total assets
Largest grants
RecipientAmount
EVAN LONG CO PNC BANK NA$2,364
JACOB SHIVELY CO PNC BANK NA$2,364
LUKE MARTIN CO PNC BANK NA$2,364
JACE CASSITY CO PNC BANK NA$2,364
JOSEPH HUMRICHOUS CO PNC BANK NA$2,364
KAIYA MONEY CO PNC BANK NA$2,364
GWENETH MORGAN CO PNC BANK NA$2,364
RYAN TRACY CO PNC BANK NA$2,364
BROOKLY RIPPERDAN CO PNC BANK NA$2,364
SAMUEL CLINE CO PNC BANK NA$2,364
SOFIA CARTER CO PNC BANK NA$2,364
NATHANIEL POWELL CO PNC BANK NA$2,364
GRACE HENDERSON CO PNC BANK NA$2,364
ALLISON POWELL CO PNC BANK NA$2,364
KADY GRAVES CO PNC BANK NA$2,364
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 15%, against an area that typically sits at 11%. 94% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%LUKE MARTIN CO PNC BANK NA: $2k → 11%TREVECCA NAZARENE COLLEGE: $3k → 14%FRANKLIN COLLEGE: $7k → 8%DEPAUW UNIVERSITY: $3k → 10%VINCENNES UNIVERSITY: $3k → 11%UNIVERSITY OF ST FRANCIS: $3k → 12%MANCHESTER UNIVERSITY: $4k → 12%IVY TECH - KOKOMO: $8k → 15%UNIVERSITY OF EVANSVILLE: $3k → 15%INDIANA UNIVERSITY - BLOOMINGTON: $7k → 18%INDIANA STATE UNIVERSITY: $6k → 19%BALL STATE UNIVERSITY: $11k → 19%PURDUE UNIVERSITY: $30k → 19%TAYLOR UNIVERSITY: $4k → 19%MEGAN CONNER CO PNC BANK NA: $2k → 11%FRANKLIN COLLEGE: $4k → 8%MANCHESTER UNIVERSITY: $3k → 12%IVY TECH - KOKOMO: $6k → 15%UNIVERSITY OF EVANSVILLE: $3k → 15%INDIANA UNIVERSITY - BLOOMINGTON: $3k → 18%INDIANA STATE UNIVERSITY: $4k → 19%BALL STATE UNIVERSITY: $11k → 19%PURDUE UNIVERSITY: $27k → 19%KADY GRAVES CO PNC BANK NA: $2k → 11%FRANKLIN COLLEGE: $4k → 8%IVY TECH - KOKOMO: $3k → 15%UNIVERSITY OF EVANSVILLE: $3k → 15%UNIVERSITY OF INDIANAPOLIS: $5k → 16%INDIANA UNIVERSITY - BLOOMINGTON: $3k → 18%INDIANA STATE UNIVERSITY: $3k → 19%BALL STATE UNIVERSITY: $10k → 19%PURDUE UNIVERSITY: $23k → 19%GAVIN HARE CO PNC BANK NA: $2k → 11%PURDUE UNIVERSITY FT WAYNE: $6k → 12%UNIVERSITY OF INDIANAPOLIS: $3k → 16%ROSE-HULMAN INSTITUTE OF TECHNOLOGY: $3k → 19%ABIGAIL PARKER CO PNC BANK NA: $2k → 11%CLARK RODIBAUGH CO PNC BANK NA: $2k → 11%BUTLER UNIVERSITY: $7k → 16%JOSEPH HUMRICHOUS CO PNC BANK NA: $2k → 11%BUTLER UNIVERSITY: $6k → 16%CADINCE HUSSEY CO PNC BANK NA: $2k → 11%SAMUEL CLINE CO PNC BANK NA: $2k → 11%GRACE HENDERSON CO PNC BANK NA: $2k → 11%ROSS CASSITY CO PNC BANK NA: $2k → 11%SOFIA CARTER CO PNC BANK NA: $2k → 11%ALLISON POWELL CO PNC BANK NA: $2k → 11%CHLOE BROCK CO PNC BANK NA: $2k → 11%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

MN
IL
MI
IN
OH
PA
KY
TN
OK
AL
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

69%of every dollar goes to organizations it has funded before.
$848k · 117 repeat orgs$374k to everyone else

Grantees it renews have grown median revenue +36% since the first grant, against +35% for those funded once.

117 repeat relationships: 0 still active in FY2025, 117 since wound down; 75 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

117
172

Total granted

$848k
$234k

Median revenue growth · since first grant

+36%
+35%

Still filing today

11%
3%

New vs renewed · share of each year

In FY2025, 0% of grant dollars renewed an existing relationship; $141k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • FC
    Franklin College of Indiana
    3× · 2017–2019 · $15k · revenue +36%
  • BU
    Butler University
    3× · 2017–2019 · $14k · revenue +39%
  • UO
    University of Indianapolis
    3× · 2017–2019 · $10k · revenue +38%

Funded once

  • IG
    Individual grant recipient
    one grant, 2022 · $3k
  • IG
    Individual grant recipient
    one grant, 2022 · $3k
  • IG
    Individual grant recipient
    one grant, 2022 · $3k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Otterbein University

Otterbein University is an inclusive community dedicated to educating the whole person in the context of humane values. Our mission is to prepare graduates to think deeply and broadly, to engage locally and globally, and to advance their…

Education
2
Benedictine University

Benedictine University is an inclusive academic community dedicated to teaching and learning, scholarship and service, truth and justice, as inspired by the Catholic intellectual tradition, the social teaching of the Church, and the…

Education
3
Loyola University

Loyola University New Orleans, a Jesuit and Catholic institution of higher education, welcomes students of diverse backgrounds and prepares them to lead meaningful lives with and for others; to pursue truth, wisdom, and virtue; and to work…

Education
4
Excelsior University

Excelsior University provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The University meets students where they are - academically and geographically, offering…

Education
5
Dordt University

As an institution of higher education committed to the reformed christian perspective, dordt university equips students, alumni, and the broader community to work effectively toward christ-centered renewal in all aspects of contemporary…

Education
6
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
7
Regent University

Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world.

—
8
Trinity University

Trinity university is an independent co-educational university whose mission is excellence in the interrelated areas of teaching, research and services.

Education
9
Walsh University Inc

Walsh university is an independent, coeducational catholic, liberal arts and sciences institution dedicated to educating its students to become leaders in service to others through a values-based education with an international perspective…

Education
10
Furman University

The primary mission of furman as a liberal arts institution is to provide a distinctive education in fine arts, humanities, social sciences, mathematics and the sciences, as well as selected professional disciplines.

Education
11
Mercyhurst University

Rooted in our Mercy Catholic liberal arts identity, we educate and inspire diverse learners in an environment where faith and reason flourish together for meaningful lives, dignified work, and leadership in service toward a just and loving…

Education
12
President and Trustees of Bates College

Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to…

Education
How this is measured
The grantee most central to the portfolio’s shape is Taylor University; the most unlike its peers is Ancilla Domini College. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

21 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 21 of the 365 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
20/21
Grantees still filing
17/21
Grew since first funded

Where the money sits, by cause and then by grantee

Indiana University School of Medicine: $114,306 · OtherIndiana University School of MedicineTRUSTEES OF PURDUE UNIVERSITY: $79,320 · OtherTRUSTEES OF PURDUE UNIVERSITYBALL STATE UNIVERSITY: $31,960 · Other+184 more: $723,074 · Other+184 moreFranklin College of Indiana: $15,189 · EducationFranklin C…Butler University: $13,839 · EducationButler Uni…University of Indianapolis: $9,956 · EducationUniversity…UNIVERSITY OF EVANSVILLE: $9,530 · EducationUNIVERSITY…MANCHESTER UNIVERSITY INC: $8,494 · EducationMANCHESTER…Taylor University: $7,385 · EducationTaylor Uni…DePauw University: $5,407 · EducationDePauw Uni…UNIVERSITY OF SAINT FRANCIS OF FORT WAYNE INDIANA INC: $4,752 · EducationORAL ROBERTS UNIVERSITY: $4,118 · EducationOLIVET NAZARENE UNIVERSITY: $4,118 · EducationUNIVERSITY OF NORTHWESTERN OHIO: $3,978 · Education+2 more: $5,333 · Education+2 more
Other$948,660Education$92,099

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100Mgrantee revenue →↑ funder's share of their budgetFranklin College of Indiana: $15,189 over 3y, 0.0% of budgetButler University: $13,839 over 3y, 0.0% of budgetUniversity of Indianapolis: $9,956 over 3y, 0.0% of budgetUNIVERSITY OF EVANSVILLE: $9,530 over 3y, 0.0% of budgetMANCHESTER UNIVERSITY INC: $8,494 over 3y, 0.0% of budgetTaylor University: $7,385 over 3y, 0.0% of budgetDePauw University: $5,407 over 3y, 0.0% of budgetUNIVERSITY OF SAINT FRANCIS OF FORT WAYNE INDIANA INC: $4,752 over 3y, 0.0% of budgetORAL ROBERTS UNIVERSITY: $4,118 over 3y, 0.0% of budgetOLIVET NAZARENE UNIVERSITY: $4,118 over 3y, 0.0% of budgetUNIVERSITY OF NORTHWESTERN OHIO: $3,978 over 3y, 0.0% of budgetAncilla Domini College: $3,718 over 2y, 0.0% of budgetRose-Hulman Institute of Technology: $3,407 over 2y, 0.0% of budgetINDIANA WESLEYAN UNIVERSITY: $2,926 over 2y, 0.0% of budgetHuntington University: $2,407 over 2y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds Franklin College of Indiana ↗
  • Who funds Butler University ↗
  • Who funds University of Indianapolis ↗
  • Who funds UNIVERSITY OF EVANSVILLE ↗
  • Who funds MANCHESTER UNIVERSITY INC ↗
  • Who funds Taylor University ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Lilly Endowment IncIN23.1× affinity9 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Lilly Endowment Inc · Council of Independent Colleges · Folds of Honor Foundation · Wimmer Scholarship Fund · Guyneth B Webster Scholarship Fund 1045000718 · Jp Crain Family Scholarship Pfdn Paulding County Area Foundation · Steuben County Community Foundation · Natl Christian Charitable Fdn Inc · Verizon Foundation · Ibm International Foundation · Tulsa Community Foundation · Columbus Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Spencer Education Foundation funds: left to right is the share of its income from government, bottom to top the share from Spencer Education Foundation. Bigger dots raise more.

2025
’20’21’22’23’24’25
no gov · 00%0%1%3%5%funder's share of their income ↑0%10%20%30%40%share of the org’s income from government →median 0%
  • Oral Roberts University: 0% of income from government
  • Eckerd College: 0% of income from government
no gov moneyreceives it· size = income
0get no government money at all
9report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–40%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 365 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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