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Sea Island Foundation Trust is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 1995. The principal officer is Bank Of America Na Ny8-1. It holds total assets of $111K. Annual income is reported at $97K. Total assets have decreased from $243K in 2011 to $122K in 2023. The foundation is governed by 3 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 2018 to 2023. According to available records, Sea Island Foundation Trust has made 11 grants totaling $711K, with a median grant of $25K. Annual giving has decreased from $245K in 2020 to $60K in 2023. Individual grants have ranged from $5K to $245K, with an average award of $65K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Rhode Island, Massachusetts, South Carolina, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. 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.
Sea Island Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in RI, MA, SC.
Sea Island Foundation Trust has distributed a total of $711K across 11 grants. The median grant size is $25K, with an average of $65K. Individual grants have ranged from $5K to $245K.
Sea Island Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Sea Island Foundation Trust is headquartered in DALLAS, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | CO-TRUSTEE | $2K | $0 | $2K |
| Paul R Haklisch | CO-TRUSTEE | $0 | $0 | N/A |
| Carmela S Haklisch | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$62K
Total Assets
$122K
Fair Market Value
$184K
Net Worth
$122K
Grants Paid
$60K
Contributions
$22K
Net Investment Income
$41K
Distribution Amount
$7K
Total Grants
11
Total Giving
$711K
Average Grant
$65K
Median Grant
$25K
Unique Recipients
5
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Music ForwardUNRESTRICTED GENERAL | Brooklyn, NY | $25K | 2023 |
| Sc Environmental Law Project IncUNRESTRICTED GENERAL | Pawleys Island, SC | $20K | 2023 |
| Sterling & Francine Clark Art InstituteUNRESTRICTED GENERAL | Williamstown, MA | $15K | 2023 |
| Ashley Hall SchoolUNRESTRICTED GENERAL | Charleston, SC | $25K | 2022 |
| See AttachedUNRESTRICTED GENERAL | See Attached, RI | $198K | 2021 |