D Squared Foundation Inc

Foundation · Grantmaker MANSFIELD, MA EIN: 83-1181123

D Squared Foundation Inc is a private foundation based in Mansfield, Massachusetts. The foundation was established in 2019 and operates as a 501(c)(3) organization with EIN 83-1181123.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.9M

+94.7% YoY

Annual Giving

$870K

-25.9% YoY

Grant Count

+36.8% YoY

Avg Grant Size

$33K

-45.8% YoY

Under IRS private-foundation payout rules, D Squared Foundation Inc reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily focuses on charitable donations across multiple sectors including Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.

Grantmaking

D Squared Foundation Inc distributes grants across a range of award sizes, with typical grants ranging from $1,000 to $500,000.

Grant Range

$25,000

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Geographic Focus

Where this funder awards grants

The foundation primarily funds charitable organizations in Rhode Island, Massachusetts, and New York.

Grant Distribution by State

Massachusetts $1.5M (40%)

Rhode Island $818K (21%)

New York $512K (13%)

Nevada $500K (13%)

Connecticut $200K (5%)

Florida $161K (4%)

California $35K (1%)

Alabama $30K (1%)

+5 more states

States

Alabama California Connecticut District of Columbia Delaware Florida Massachusetts North Carolina New Jersey Nevada New York Ohio Rhode Island

Cities

BostonBrooklineBrooklynCambridgeChestnut HillCooperstownCoral GablesHamdenLas VegasLos AngelesMiddletownMontgomeryMorrisvilleNew YorkNewportNorth KingstownPalmettoProvidenceSarasotaSomerville

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2023):

Total assets: $1,498,585
Total giving: $1,173,554
Total revenues: $621,591
Total expenses: $1,189,829
Giving rate: 78.3% of assets
Number of employees: 0

Historical Comparison (2022):

Total assets: $2,100,000
Total giving: $597,000
Number of grants: 9

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,917,408	$1,498,585	$2,066,823
Revenue	$2,330,261	$621,591	$73,531
Expenses	$911,438	$1,189,829	$612,857
Qualifying Distributions	$878,505	$1,177,805	$599,677
Net Investment Income	$1,127,212	$810,462	$357,566
Distributable Amount	$98,055	$91,407	$96,973

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

80 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include BPS Foundation ($250,000), BPS Foundation ($250,000), Green Oceans ($50,000).

Recipient	Purpose	Amount
Aquidneck Land Trust Middletown, RI	Charitable Donation	$2,500
Rosie's Place Boston, MA	Charitable Donation	$40,000
Brigham and Women's Hospital Boston, MA	Charitable Donation	$10,000
IYRS School of Technology and Trades Newport, RI	Charitable Donation	$6,565
Notre Dame High School West Haven, CT	Charitable Donation	$25,000
The Trevor Project Inc West Hollywood, CA	Charitable Donation	$5,000
Rhode Island Coalition to End Homelessness Providence, RI	Charitable Donation	$5,250
Southeastern Guide Dogs Palmetto, FL	Charitable Donation	$5,000
Green Oceans Tiverton, RI	Charitable Donation	$50,000
BPS Foundation Las Vegas, NV	Charitable Donation	$250,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
David J Canepari	President	1	—
Diane M Canepari	Vice President	1	—
Lauren M Canepari	Secretary	1	—

Contact Information

Address: 120 Forbes Blvd Suite 180, Mansfield, MA 02048-1150

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does D Squared Foundation Inc fund?

The foundation primarily focuses on charitable donations across multiple sectors including Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.

How do I apply for a grant from D Squared Foundation Inc?

D Squared Foundation Inc distributes grants across a range of award sizes, with typical grants ranging from $1,000 to $500,000. **Recent Grant Activity (2023):** • Total giving: $1,173,554 across 19 grants • Median grant size: $25,000 • Notable recent grants include: • Professional Nurses Chapter of the Brigham and Women's Hospital: $500,000 • St Columba's Chapel Historic Preservation Fund: $120,000 • Aquidneck Island Land Trust (AILT): $100,000 **Application Policy:** The foundation does not a…

Where does D Squared Foundation Inc make grants?

The foundation primarily funds charitable organizations in Rhode Island, Massachusetts, and New York.

What size grants does D Squared Foundation Inc award?

In 2024, D Squared Foundation Inc awarded 26 grants totaling $870K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is D Squared Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, D Squared Foundation Inc reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.