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Also known as: C/O CASTLE ROCK ADVISORS
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Sakonnet Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2012. The principal officer is Castle Rock Advisors. It holds total assets of $69M. Annual income is reported at $14.2M. Total assets have grown from $1.3M in 2011 to $69M in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Sakonnet Foundation has made 3 grants totaling $11.9M, with a median grant of $3.9M. Annual giving has decreased from $7.8M in 2022 to $4.1M in 2023. Individual grants have ranged from $3.9M to $4.1M, with an average award of $4M. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sakonnet Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in OH.
Sakonnet Foundation has distributed a total of $11.9M across 3 grants. The median grant size is $3.9M, with an average of $4M. Individual grants have ranged from $3.9M to $4.1M.
Sakonnet Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sakonnet Foundation is headquartered in BOSTON, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Julie N Callaghan | TRUSTEE | $0 | $0 | N/A |
| Kevin T Callaghan | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$69M
Fair Market Value
N/A
Net Worth
$69M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$11.9M
Average Grant
$4M
Median Grant
$3.9M
Unique Recipients
1
Most Common Grant
$3.9M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kevin T Callaghan Charitable Trust At The Fidelity Charitable Gift FundGENERAL FUND | Cincinnati, OH | $4.1M | 2023 |