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The Seabreeze Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2002. The principal officer is % Apax Partners. It holds total assets of $7.1M. Annual income is reported at $1.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Seabreeze Foundation has made 14 grants totaling $1.3M, with a median grant of $20K. Annual giving has decreased from $870K in 2022 to $390K in 2023. Individual grants have ranged from $5K to $200K, with an average award of $90K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in New York, Connecticut, California, which account for 86% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
The Seabreeze Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NY, CT, CA.
The Seabreeze Foundation has distributed a total of $1.3M across 14 grants. The median grant size is $20K, with an average of $90K. Individual grants have ranged from $5K to $200K.
The Seabreeze Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Seabreeze Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John F Megrue | PRESIDENT/TRUSTEE | $0 | $0 | $0 |
Total Giving
$427K
Total Assets
$7.1M
Fair Market Value
$9.3M
Net Worth
$7.1M
Grants Paid
$390K
Contributions
$0
Net Investment Income
$272K
Distribution Amount
$425K
Total: $0
Total Grants
14
Total Giving
$1.3M
Average Grant
$90K
Median Grant
$20K
Unique Recipients
7
Most Common Grant
$200K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Open DoorsUNRESTRICTED GENERAL | Norwalk, CT | $20K | 2023 |
| Grameen America IncUNRESTRICTED GENERAL | New York, NY | $200K | 2023 |
| Global Citizen - Global Poverty ProjectUNRESTRICTED GENERAL | New York, NY | $150K | 2023 |
| Creative Visions FoundationSUPPORT OPTIMIST PROJECT | Malibu, CA | $20K | 2023 |
| Global Poverty Project (Global Citizen)UNRESTRICTED GENERAL | New York, NY |
| $200K |
| 2022 |
| Chi Psi Educational TrustUNRESTRICTED GENERAL | Nashville, TN | $10K | 2022 |
| Norwalk Land TrustUNRESTRICTED GENERAL | Norwalk, CT | $5K | 2022 |
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