Devereux Ocean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JAMESTOWN, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 6 grants totaling $303K. Net investment income was $285K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.2M
-1.0% YoY
Annual Giving
$303K
+13.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$50K
+13.9% YoY
Under IRS private-foundation payout rules, Devereux Ocean Foundation Inc reported a distributable amount of $323K for 2024 — the minimum it must pay out in qualifying distributions.
About Devereux Ocean Foundation Inc
Based on IRS filings
Devereux Ocean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JAMESTOWN, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 6 grants totaling $303K. Net investment income was $285K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,183,602 | $7,254,769 | $6,703,294 |
| Revenue | $357,550 | $301,273 | $105,088 |
| Expenses | $669,452 | $699,148 | $612,519 |
| Qualifying Distributions | $412,557 | $630,891 | $543,055 |
| Net Investment Income | $285,352 | $231,515 | $136,511 |
| Distributable Amount | $322,570 | $340,877 | $345,558 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bahamas Marine Mammal research ($100,000), Perry Institute for Marine Science ($70,000), University of Rhode Island GSO ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Hotchkiss School Lakeville, CT | Contribution | $10,000 |
| University of Rhode Island GSO Kingston, RI | Funding to provide stipends for teachers to develop Ocean classroom curriculum materials for k-12 classrooms. Provide funds to facilitate archival retreival of visual materials for the curriculum development. Research and development of tools to facilitate the delivery of GSO research and knowledge to the general public | $60,000 |
| Friends of the Environment Delray Beach, FL | General Grants to support ocean education amongst the people of the Bahamas. Training of local fishers to recognize species that are safe alternatives to endangered species or species critical to reef habitat. | $60,000 |
| Perry Institute for Marine Science Waitsfield, VT | Grant to support efforts to curtail the spread of Spiney Coral Tissue Loss Diseases. Coral restoration grants and reef health surveys through out the Bahamas. | $70,000 |
| Bahamas Marine Mammal research Grand Isle, VT | Grant for research into noise and ship collision in the Northwest Providence passage near the South Abaco sperm whale nursery. A population survey of mammals in the Sea of Abaco | $100,000 |
| CISF jamestown, RI | education | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Grosby | Pres | 20 | $1,380,000 |
| Suzanne Grosby | CFO | 10 | $62,100 |
| Paul Beard | Director | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Devereux Ocean Foundation Inc?
Devereux Ocean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JAMESTOWN, RI. It holds $7.2M in total assets as of 2024.
How large is Devereux Ocean Foundation Inc?
As of 2024, Devereux Ocean Foundation Inc holds $7.2M in total assets with $358K in annual revenue. It awarded 6 grants totaling $303K in 2024.
Where does Devereux Ocean Foundation Inc operate?
Devereux Ocean Foundation Inc has awarded grants in Connecticut, Florida, Massachusetts, Rhode Island, Vermont.
What size grants does Devereux Ocean Foundation Inc award?
In 2024, Devereux Ocean Foundation Inc awarded 6 grants totaling $303K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Devereux Ocean Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Devereux Ocean Foundation Inc reported a distributable amount of $323K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Devereux Ocean Foundation Inc's EIN?
Devereux Ocean Foundation Inc's EIN (Employer Identification Number) is 82-4193252. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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