Overview
What is The Spruce Foundation?
The Spruce Foundation is a philanthropic organization based in Philadelphia, renowned for its commitment to nurturing future philanthropists and supporting the city's youth. It achieves this goal through community-focused grantmaking and philanthropic activities. The foundation has distributed funds to various entities, including Spells Lab, the Philadelphia Gay Men's Chorus, West Philadelphia FSI, Thomas and Woods Foundation, Share Food Program, and GC Foundation. These grants contribute to the betterment of the community and youth welfare in Philadelphia. The Spruce Foundation's mission is to redefine philanthropy by fostering the growth of the next generation of generous individuals.
Official website here: www.sprucefoundation.org
Is The Spruce Foundation legitimate?
The Spruce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spruce Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.sprucefoundation.org
What is the mission statement of The Spruce Foundation?
The Spruce Foundation reorients the concept of philanthropy by fostering the development of future philanthropists. They achieve this through community engagement and grant-making, primarily focusing on supporting the youth of Philadelphia. The foundation has made grants to various organizations, such as Spells Lab, Philly Gay Men's Chorus, West Philadelphia FSI, Thomas and Woods Foundation, Share Food Program, and GC Foundation. By doing so, The Spruce Foundation aims to contribute positively to the well-being and prospects of young individuals in the city.
Official website here: www.sprucefoundation.org
What is the revenue of The Spruce Foundation?
The Spruce Foundation's revenue in 2023 was $22,051.
Official website here: www.sprucefoundation.org
Who are the executives of The Spruce Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.sprucefoundation.org
Where can I find the form 990EZ for The Spruce Foundation?
The Spruce Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.sprucefoundation.org
Learn more at the official website: www.sprucefoundation.org
Mission Statement of The Spruce Foundation
The Spruce Foundation, a pioneering entity in the realm of philanthropy, aims to foster the growth of future philanthropists by engaging in community giving and grantmaking, particularly focusing on the welfare of Philadelphia's youth. Through its grantmaking activities, the organization has supported various initiatives, such as Spells Lab, the Philadelphia Gay Men's Chorus, West Philadelphia FSI, Thomas and Woods Foundation, and the Share Food Program, among others. By redefining philanthropy and investing in these causes, The Spruce Foundation seeks to contribute to the betterment of the city's youth, thereby cultivating the next generation of compassionate and engaged philanthropists.
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Impact
August, 2024
The Spruce Foundation's impact can be seen through their community giving and grantmaking efforts in Philadelphia, particularly in support of the city's youth. By redefining philanthropy and engaging the next generation of philanthropists, The Spruce Foundation has made significant contributions to organizations such as Spells Lab, Philly Gay Men's Chorus, West Philadelphia FSI, Thomas and Woods Foundation, Share Food Program, and GC Foundation. These grants demonstrate their commitment to empowering youth development initiatives in the community and fostering a culture of giving among young philanthropists.
This information is meant to be a general summary of The Spruce Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
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This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $22,051
Assets and Liabilities:
- Total Assets: $71,647
- Total Liabilities: $0
- Net Assets: $71,647
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Organization Details
Principal Officer
Michael Tizon
Website
www.sprucefoundation.orgNTEE Category
Code: O125 - Youth development
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