HUGH E& MARJORIE SPETERSEN

SANTA BARBARA, CA 93101 EIN 203757530

https://N/A
Total Given 2016–2024
$7.1M
164 grants · $784K avg/year
based on 9 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$21K
typical small grants · $10K–$50K
grant size
62%
deep partner · 34/55 multi-year
repeat
$38.1M
Assets · 2020
55
Distinct recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2017, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,129,500. This amount represents over 25% of the Foundation's net assets of $35,762 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Youth Development

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Phone 8059666634

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $636K $36K $600K 29
2017 $1.1M $433K $1.5M 31
2018 $941K $35.4M $35.9M 24
2019 N/A $35.3M $1.7M N/A
2020 $1.2M $38.1M $4.1M 27
2022 $788K $28.6M $-233K 22
2023 $738K $35.4M $5.9M 12
2024 $1.7M $30.9M $37K 19

Grant Size Distribution

Based on 164 grants on record

Minimum
$413
25th Pctl
$10K
Median
$21K
Average
$43K
75th Pctl
$50K
Maximum
$510K

Geographic Distribution

US Grant Distribution Map

Key Personnel

NameTitleCompensation
RUTH KOVACS DIR, SEC, VP $120K
SHARON PECK DIR, VP $120K
LYNNE MTAHMISIAN DIR, PRES $120K
LYNNE TAHMISIAN DIR, PRES —

Grants Awarded (164 total)

Purpose
MONTECITO COVENANT CHURCH SANTA BARBARA, CA $510,000 GENERAL & UNRESTRICTED 2024
WESTMONT COLLEGE SANTA BARBARA, CA $400,000 INTERNSHIP PROGRAM 2024
PROVIDENCE SBCS INC SANTA BARBARA, CA $250,000 Campaign for Providence 2017
PROVIDENCE SCHOOL INC SANTA BARBARA, CA $250,000 CAPITAL CAMPAIGN 2018
PROVIDENCE SCHOOL INC SANTA BARBARA, CA $250,000 CAPITAL CAMPAIGN 2020
WESTMONT COLLEGE SANTA BARBARA, CA $192,000 GENERAL SUPPORT/ENDOWMENT FUND 2023
WESTMONT COLLEGE SANTA BARBARA, CA $185,000 Global Learning Center and MCC Intern Fund 2017
YOUNG LIFE - CALIFORNIA CENTRAL REGION AF56 PRESCOTT, AZ $161,000 GENERAL SUPPORT 2024
WESTMONT COLLEGE SANTA BARBARA, CA $150,000 GENERAL SUPPORT/ENDOWMENT FUND 2022
HAGGAI INTERNATIONAL INSTITUTE NORCROSS, GA $150,000 LEADERSHIP TRAINING SESSION 2022
HAGGAI INTERNATIONAL INSTITUTE NORCROSS, GA $150,000 LEADERSHIP TRAINING SESSION 2024
WESTMONT COLLEGE SANTA BARBARA, CA $150,000 GENERAL SUPPORT/ENDOWMENT FUND 2020
HAGGAI INTERNATIONAL INSTITUTE NORCROSS, GA $150,000 LEADERSHIP TRAINING SESSION 2023
WESTMONT COLLEGE SANTA BARBARA, CA $145,000 Institute for Global Learning and Leadership 2016
WESTMONT COLLEGE SANTA BARBARA, CA $145,000 GENERAL SUPPORT 2018
MONTECITO COVENANT CHURCH SANTA BARBARA, CA $110,000 GENERAL & UNRESTRICTED 2023
SANTA BARBARA RESCUE MISSION SANTA BARBARA, CA $100,000 GENERAL SUPPORT 2024
HAGGAI INTERNATIONAL INSTITUTE NORCROSS, GA $100,000 GENERAL SUPPORT 2020
SANTA BARBARA RESCUE MISSION SANTA BARBARA, CA $100,000 GENERAL SUPPORT 2020
MONTECITO COVENANT CHURCH SANTA BARBARA CA SANTA BARBARA, CA $100,000 Parsonage Renovation Fund 2017
WESTMONT COLLEGE SANTA BARBARA, CA $90,000 INTERNSHIP PROGRAM 2020
MONTECITO COVENANT CHURCH SANTA BARBARA, CA $90,000 GENERAL & UNRESTRICTED 2018
YOUNG LIFE - CALIFORNIA CENTRAL REGION AF56 PRESCOTT, AZ $89,000 GENERAL SUPPORT 2023
SANTA BARBARA RESCUE MISSION SANTA BARBARA, CA $70,000 Mission of Hope Campaign 2016
SANTA BARBARA RESCUE MISSION SANTA BARBARA, CA $70,000 MISSION OF HOPE CAMPAIGN 2018