D Squared Foundation Inc
D Squared Foundation Inc is a private foundation based in Mansfield, Massachusetts. It supports charitable organizations through grants; its 2024 awards included organizations working in sports and health, education, ocean protection, and family services.
D Squared Foundation Inc at a glance
In short: D Squared Foundation Inc gave $870K across 26 grants in 2024 (avg $33K), mostly in Nevada. 55% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $869,631
- -25.9% vs 2023
- Grants made (2024)
- 26
- +36.8% vs 2023
- Average grant
- $33,447
- -45.8% vs 2023
- Median grant
- $6,605
- Total assets
- $2,917,408
- +94.7% vs 2023
- New grantees (estimate)
- 55% first-time grantees (11 of 20, 2024; small sample)
- Primary geography
- Nevada (57% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to D Squared Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 120 Forbes Boulevard Suite 180, Mansfield, MA 02048
Phone: (561) 863-5932
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who D Squared Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was BPS Foundation ($500K across 2 grants). Together the top 10 received $825K.
Grant Size Distribution
80 grants across all recorded years
The most common grant size was under $50K: 62 grants of 80 (78%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in Nevada (57%), Rhode Island (12%), Massachusetts (9%), Connecticut (9%), and New York (7%).
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
States
Cities
Is D Squared Foundation Inc open to new grantees?
55%
first-time grantees, 2024
In 2024, 11 of 20 grantees (55%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $63K; repeat grants $20K. How we count
Medians: $5K first-time, $7K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 162% from 2021 to 2024. Method
- In 2024 it paid out 896% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $332K (2021) to $1.2M (2023). In 2024 it made 26 grants totaling $870K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BPS Foundation Las Vegas, NV | Charitable Donation | $250,000 |
| BPS Foundation Las Vegas, NV | Charitable Donation | $250,000 |
| Green Oceans Tiverton, RI | Charitable Donation | $50,000 |
| Community Roots Charter School Brooklyn, NY | Charitable Donation | $50,000 |
| Notre Dame High School West Haven, CT | Charitable Donation | $47,750 |
| Rosie's Place Boston, MA | Charitable Donation | $40,000 |
| Newtowne School Incorporated Cambridge, MA | Charitable Donation | $30,000 |
| Tabernacle Learning Center Inc West Palm Beach, FL | Charitable Donation | $29,000 |
| Notre Dame High School West Haven, CT | Charitable Donation | $25,000 |
| Child & Family Services of Newport County Middletown, RI | Charitable Donation | $13,073 |
Ready to take the next step with D Squared Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,917,408 | $2,330,261 | $911,438 | $869,631 | 26 | $878,505 | $1,127,212 | $98,055 |
| 2023 | $1,498,585 | $621,591 | $1,189,829 | $1,173,554 | 19 | $1,177,805 | $810,462 | $91,407 |
| 2022 | $2,066,823 | $73,531 | $612,857 | $597,050 | 9 | $599,677 | $357,566 | $96,973 |
| 2021 | $2,606,149 | $2,304,840 | $369,008 | $331,665 | 13 | $339,058 | $385,166 | $32,697 |
| 2020 | $670,317 | $1,064,385 | $925,076 | $896,500 | 13 | — | $501,868 | $20,606 |
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 September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees illustrate the range of organizations it supported. BPS Foundation describes itself as a charitable sports organization supporting health- and athletics-focused public charities by engaging athletes in service. Green Oceans says it educates the public about the ocean and the need to protect it. Newtowne School Incorporated says it maintains a cooperative preschool program, while Tabernacle Learning Center describes its work as providing children with a nurturing, structured learning environment.
Grantmaking
In 2024, the foundation reported 26 grants totaling $869,631. Grants ranged from $1,542 to $250,000, with a median of $6,604. Notable awards included two grants of $250,000 each to BPS Foundation; $50,000 each to Green Oceans and Community Roots Charter School; $47,750 to Notre Dame High School; and $40,000 to Rosie’s Place.
The 2023 filing reported 19 grants totaling $1,173,554. Its 2024 filing, the latest on this page, reports 26 grants totaling $869,631.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists David J Canepari as President, Diane M Canepari as Vice President, and Lauren M Canepari as Secretary.
D Squared Foundation Inc is led by David J Canepari, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
David J Canepari
President
On filings since 2020
1 hr/week
No compensation reported
Diane M Canepari
Vice President
On filings since 2020
1 hr/week
No compensation reported
Lauren M Canepari
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about D Squared Foundation Inc
How much does D Squared Foundation Inc give each year?
D Squared Foundation Inc gave $870K across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 19 grants.
What is D Squared Foundation Inc's typical grant size?
D Squared Foundation Inc's median grant in 2024 was $6,605, and its average grant was $33,447, across 26 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from D Squared Foundation Inc that year got $63K on average.
Where does D Squared Foundation Inc give grants?
D Squared Foundation Inc gives mostly in Nevada: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Rhode Island (12%) and Massachusetts (9%). The most frequent recipient cities were Middletown, RI (6 grants), Boston, MA (3 grants), Las Vegas, NV (2 grants) and West Haven, CT (2 grants).
Does D Squared Foundation Inc give general operating support?
Not in 2024: none of the 26 grants with a stated purpose on D Squared Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Donation" (26 grants).
Who are D Squared Foundation Inc's largest grantees?
D Squared Foundation Inc's largest 2024 grantees include BPS Foundation ($500,000 across 2 grants), Notre Dame High School ($72,750 across 2 grants) and Green Oceans ($50,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is D Squared Foundation Inc?
D Squared Foundation Inc reported $2.9M in total assets on its 2024 IRS Form 990-PF. It paid out $879K in qualifying distributions that year, against a required minimum of $98K (roughly 5% of its investment assets).
What does D Squared Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grantees illustrate the range of organizations it supported. BPS Foundation describes itself as a charitable sports organization supporting health- and athletics-focused public charities by engaging athletes in service. See mission & focus areas ↑
How do I apply for a grant from D Squared Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is D Squared Foundation Inc's EIN?
D Squared Foundation Inc's EIN (Employer Identification Number) is 83-1181123. IRS Form 990 filing data is available on this page for 2020–2024.
Does D Squared Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). D Squared Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/d-squared-foundation-inc-morg_4692fb11c21547a5beff8ccfb201f551
BibTeX
@misc{grantable_831181123_2026,
author = {{Grantable}},
title = {{D Squared Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/d-squared-foundation-inc-morg_4692fb11c21547a5beff8ccfb201f551},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from D Squared Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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