Hugh E& Marjorie Spetersen
EIN 203757530 Private FoundationAbout
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
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 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
Geographic Distribution
Texas Counties Served
Top 1 counties
- 1 Collin
Officers & Directors
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 School Inc | Santa Barbara, CA | $250,000 | CAPITAL CAMPAIGN | 2018 |
| Providence School Inc | Santa Barbara, CA | $250,000 | CAPITAL CAMPAIGN | 2020 |
| Providence SBCS Inc | Santa Barbara, CA | $250,000 | Campaign for Providence | 2017 |
| 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 |
| Haggai International Institute | Norcross, GA | $150,000 | LEADERSHIP TRAINING SESSION | 2022 |
| Westmont College | Santa Barbara, CA | $150,000 | GENERAL SUPPORT/ENDOWMENT FUND | 2022 |
| Westmont College | Santa Barbara, CA | $150,000 | GENERAL SUPPORT/ENDOWMENT FUND | 2020 |
| Haggai International Institute | Norcross, GA | $150,000 | LEADERSHIP TRAINING SESSION | 2023 |
| Haggai International Institute | Norcross, GA | $150,000 | LEADERSHIP TRAINING SESSION | 2024 |
| Westmont College | Santa Barbara, CA | $145,000 | GENERAL SUPPORT | 2018 |
| Westmont College | Santa Barbara, CA | $145,000 | Institute for Global Learning and Leadership | 2016 |
| Montecito Covenant Church | Santa Barbara, CA | $110,000 | GENERAL & UNRESTRICTED | 2023 |
| Haggai International Institute | Norcross, GA | $100,000 | GENERAL SUPPORT | 2020 |
| Santa Barbara Rescue Mission | Santa Barbara, CA | $100,000 | GENERAL SUPPORT | 2020 |
| Santa Barbara Rescue Mission | Santa Barbara, CA | $100,000 | GENERAL SUPPORT | 2024 |
| Montecito Covenant Church Santa Barbara CA | Santa Barbara, CA | $100,000 | Parsonage Renovation Fund | 2017 |
| Montecito Covenant Church | Santa Barbara, CA | $90,000 | GENERAL & UNRESTRICTED | 2018 |
| Westmont College | Santa Barbara, CA | $90,000 | INTERNSHIP PROGRAM | 2020 |
| 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 | 2018 |
| Santa Barbara Rescue Mission | Santa Barbara, CA | $70,000 | Mission of Hope Campaign | 2016 |
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