Abstract: A spool holder for storing and dispensing ribbon and other material contained on spools. The spool holder comprises a vertical rod having a hook adjacent its upper portion for hanging on a rod in a closet or other storage area. A pedestal is adjacent the lower portion of the vertical rod to support the spools on the spool holder. Holding members are adjacent the upper portion of the vertical rod below the hook. These holding members can store and provide easy accessibility of supplies used with the spooled material, for example, tape, scissors, bows and glue. A cooperative fastening means removably couples the upper portion and the lower portion of the vertical rod. In the uncoupled configuration, the spools of ribbon can be received onto or removed from the vertical rod. When coupled, the pedestal of the lower portion of the vertical rod supports the spools on the vertical rod.