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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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