Oceanographic Research & Exploration Foundation logo

Oceanographic Research & Exploration Foundation

Public charity · Grantmaker Westport, CT EIN: 83-0757695 Website

Through a series of integrated programs, oref 1) supports and conducts scientific research and exploration of the earth's oceans with a world class research and exploration ship and package of equipment, enabling such scientific research and exploration and 2) creates and distributes media and other documentation highlighting that scientific research and discovery to promote public awareness, engagement and protection of the oceans and the diverse communities they support. Oref may carry out its social welfare purposes directly or in conjunction with other organizations, entities or partners.

Key facts about Oceanographic Research & Exploration Foundation

In short: Oceanographic Research & Exploration Foundation reported $2.6M in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.

EIN
83-0757695
Latest 990 filing
Form 990, 2024
Grants paid (2024)
$2,592,290 — reported as a total on the IRS filing, without an itemized list
Total assets
$180,479,783

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$180.5M

-5.7% YoY

Grants Paid (reported total)

$2.6M

Revenue

$33.5M

+7.8% YoY

Net Investment Income

$1.7M

+10.8% YoY

About Oceanographic Research & Exploration Foundation

Based on IRS filings

Oceanographic Research & Exploration Foundation is a public charity focused on Science & Technology, based in Westport, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $180.5M in total assets. In 2024, it reported $2.6M in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $1.7M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

Woods Hole

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M1 grant2020 0 grants2021 Total only2022 0 grants2023 Total only2024

From 2020 to 2024, annual grant giving ranged from $500K (2022) to $2.6M (2024). In 2024 it reported $2.6M in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $1–5M range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$180,479,783$191,404,347$198,595,941
Revenue$33,475,838$31,057,090$31,428,615
Expenses$44,330,644$38,267,548$35,625,551
Net Investment Income$1,661,406$1,500,112$598,489

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Oceanographic Research & Exploration Foundation is led by Janine Racanelli, Director Executive Officio & President since 2022 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Janine Racanelli

    Director Executive Officio & President

    Director & President → Director Executive Officio & President, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mark Dalio

    Director, Secretary & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Matthew Dalio

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gretchen Wagner

    Assistant Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: Erika Jarvis (2020–2021) — Social Media Manager
  • Former: Martha Leighton (2020–2021) — Assistant Treasurer
  • Former: Marissa Perl (2021) — Production Coordinator
  • Former: Devon Dalio (2020) — Director

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 Oceanographic Research & Exploration Foundation

How much does Oceanographic Research & Exploration Foundation give each year?

Oceanographic Research & Exploration Foundation reported $2.6M in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants.

How large is Oceanographic Research & Exploration Foundation?

Oceanographic Research & Exploration Foundation reported $180.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $33.5M.

What is Oceanographic Research & Exploration Foundation?

Oceanographic Research & Exploration Foundation is a public charity focused on Science & Technology, based in Westport, CT. It holds $180.5M in total assets as of 2024.

Where does Oceanographic Research & Exploration Foundation operate?

Oceanographic Research & Exploration Foundation has awarded grants in Massachusetts.

What is Oceanographic Research & Exploration Foundation's EIN?

Oceanographic Research & Exploration Foundation's EIN (Employer Identification Number) is 83-0757695. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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