WESTERLY, RI

Disosway Foundation Inc.

Quick Facts

EIN: 821970273
Location: WESTERLY, RI
Category: Philanthropy & Grantmaking
Total Assets: $74.7M
Annual Income: $35.5M
IRS Ruling Year: 2018
Organization Type: Corporation
Tax Deductibility: Contributions are deductible

About This Foundation

Disosway Foundation Inc. is a private corporation based in WESTERLY, RI. The foundation received its IRS ruling in 2018. It holds total assets of $74.7M. Annual income is reported at $35.5M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

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Financial Overview

Total Giving

$3M

2023-6%

Total Assets

$68.1M

2023+26%

Fair Market Value

$68.1M

2023

Net Worth

$68.1M

2023

Grants Paid

$2.7M

2023

Contributions

$6M

2023

Net Investment Income

$1.5M

2023

Distribution Amount

$2.9M

2023

Total Giving by Year

$2.5M

$2.4M

$2.6M

$3.2M

$3M

Asset Growth

$51.4M

$53.6M

$60.2M

$53.9M

$68.1M

Investment Portfolio (2023)

Total: $0

Other Investments: $51.9M

Cash: $1.2M

Other Investments (98%)

Cash (2%)

Expense Breakdown (2023)

Grants Paid$2.7M

Legal Fees$22K

Accounting Fees$5K

Revenue Sources (2023)

Contributions: $6M
Dividends: $1.2M
Interest: $566K
Other Income: $-48,905
Capital Gains (Net): $-847,755

Financial Details (2023)

Total Revenue: $6.8M
Total Expenses: $3M
Exempt Purpose Expenses: $2.7M
Required Distribution: $2.9M
Undistributed Income: $2.8M
Total Liabilities: $1
Excise Tax: $21K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$5.5M

Average Grant

$424K

Median Grant

$100K

Total Giving by Year

$2.8M (6 grants)

$2.7M (7 grants)

Grant Range

Min$25K

Max$1.5M

Median: $100K

Smallest grantLargest grant

Openness to New Grantees (2023)

43%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

MN: $2M (2)

NY: $2.6M (2)

MA: $25K (1)

CT: $136K (2)

RI: $125K (1)

PA: $480K (4)

MD: $100K (1)

NY$2.6M (2)

MN$2M (2)

PA$480K (4)

CT$136K (2)

RI$125K (1)

MD$100K (1)

Past Grantees

Recipient	Location	Amount	Year
Old Rhinebeck AerodromeCHARITABLE	Red Hook, NY	$1.1M	2023
Belle Mente Quantum Racing Dba New York Yacht Club American MagicCHARITABLE	Minneapolis, MN	$1M	2023
Partners For Sacred PlacesCHARITABLE	Philadelphia, PA	$250K	2023
Watershed Public Charter School IncCHARITABLE	Windsor Mill, MD	$100K	2023
Opera PhiladelphiaCHARITABLE	Philadelphia, PA	$100K	2023
Stonington Community Rowing Center IncCHARITABLE	Stonington, CT	$100K	2023
New England Science & Sailing Foundation IncCHARITABLE	Stonington, CT	$36K	2023
Old Rhinebeck AerodromeCHARITABLE	Red Hook, NY	$1.5M	2022
Belle Mente Quantum Racing Dba New York Yacht Club American MagicCHARITABLE	Minneapolis, MN	$1M	2022
Sail NewportCHARITABLE	Newport, RI	$125K	2022
Partners For Sacred PlacesCHARITABLE	Philadelphia, PA	$100K	2022
Opera PhiladelphiaCHARITABLE	Philadelphia, PA	$30K	2022
Root Ns IncCHARITABLE	Salem, MA	$25K	2022