Seth Sprague Educational & Charitable Foundation
Quick Stats
- Annual Giving: $4.7 million
- Success Rate: Not available (no public application process)
- Decision Time: Not applicable
- Grant Range: Not publicly disclosed
- Geographic Focus: Likely Texas-based (headquarters in Dallas)
Contact Details
No public contact information or website available. Foundation managed through Bank of America Trust Services.
Overview
The Seth Sprague Educational & Charitable Foundation is a long-established private foundation based in Dallas, Texas, with tax-exempt status dating back to January 1941. With total assets of approximately $75 million, the foundation distributes roughly $4.7 million annually in charitable disbursements. The foundation operates as a trust managed by Bank of America N.A. as co-trustee along with individual trustees Patricia M. Dunnington, Irene De Watteville, and Rebecca Clapp. The foundation generates income primarily through investment dividends ($2.5 million) and sales of assets ($7.7 million), maintaining a substantial endowment to support its charitable activities.
Funding Priorities
Grant Programs
No public grant programs identified. Grants appear to be made at trustee discretion.
Priority Areas
Educational and charitable purposes (based on foundation name and classification)
What They Don't Fund
Not publicly disclosed
Governance and Leadership
Co-Trustees:
- Bank of America N.A. (Corporate Co-Trustee)
- Patricia M. Dunnington (Individual Co-Trustee)
- Irene De Watteville (Individual Co-Trustee)
- Rebecca Clapp (Individual Co-Trustee)
The foundation operates under a trust structure with Bank of America providing fiduciary oversight and administration alongside individual trustees who likely guide charitable giving decisions.
Application Process & Timeline
How to Apply
This foundation does not have a public application process. Grants are awarded at the discretion of the trustees, likely to organizations with pre-existing relationships or those identified through trustee networks.
Decision Timeline
Not applicable - no public application process
Success Rates
Not available - invitation/trustee discretion only
Reapplication Policy
Not applicable
Application Success Factors
As this foundation operates without a public application process, traditional application success factors do not apply. Organizations seeking support would need to establish relationships with the trustees or be identified through the foundation's existing networks.
Key Takeaways for Grant Writers
- This is a private foundation with no public application process
- Annual charitable disbursements of approximately $4.7 million indicate active grant-making
- Bank of America serves as corporate co-trustee, suggesting professional management
- Foundation has been operating since 1941, indicating long-term stability
- Without a public presence, grants are likely relationship-based or trustee-directed
- Focus appears to be on educational and charitable causes based on the foundation name
References
- ProPublica Nonprofit Explorer - Seth Sprague Educational & Charitable Foundation (EIN: 13-6071886), accessed December 2024
- IRS Tax-Exempt Organization Database, accessed December 2024