Perfect Seas Foundation Inc is a private foundation focused on Human Services, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $123.9M in total assets. In 2024, it awarded 2 grants totaling $8.0M. Net investment income was $12.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$123.9M
+3.6% YoY
Annual Giving
$8.0M
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$4.0M
+0.0% YoY
Under IRS private-foundation payout rules, Perfect Seas Foundation Inc reported a distributable amount of $8.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Perfect Seas Foundation Inc
Based on IRS filings
Perfect Seas Foundation Inc is a private foundation focused on Human Services, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $123.9M in total assets. In 2024, it awarded 2 grants totaling $8.0M. Net investment income was $12.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $123,939,828 | $119,597,104 | $117,352,289 |
| Revenue | $12,934,873 | $19,222,875 | $6,991,290 |
| Expenses | $8,557,027 | $8,157,816 | $9,175,922 |
| Qualifying Distributions | $8,000,000 | $8,000,000 | $9,000,000 |
| Net Investment Income | $12,377,846 | $17,365,059 | $3,210,256 |
| Distributable Amount | $8,029,301 | $7,226,221 | $7,862,638 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Investment Charitable Gift Fund ($7,000,000), Schwab Charitable Gift Fund ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY INVESTMENT CHARITABLE GIFT FUND BOSTON, MA | TO CONTINUE CHARITABLE PURPOSE OF THE FOUNDATION | $7,000,000 |
| SCHWAB CHARITABLE GIFT FUND ORLANDO, FL | TO CONTINUE CHARITABLE PURPOSE OF THE FOUNDATION | $1,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A BASS | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Perfect Seas Foundation Inc?
Perfect Seas Foundation Inc is a private foundation focused on Human Services, based in BOSTON, MA. It holds $123.9M in total assets as of 2024.
How large is Perfect Seas Foundation Inc?
As of 2024, Perfect Seas Foundation Inc holds $123.9M in total assets with $12.9M in annual revenue. It awarded 2 grants totaling $8.0M in 2024.
Where does Perfect Seas Foundation Inc operate?
Perfect Seas Foundation Inc has awarded grants in Florida, Massachusetts.
What size grants does Perfect Seas Foundation Inc award?
In 2024, Perfect Seas Foundation Inc awarded 2 grants totaling $8.0M — an average of about $4.0M per grant, based on its IRS Form 990 filings.
How much is Perfect Seas Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Perfect Seas Foundation Inc reported a distributable amount of $8.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Perfect Seas Foundation Inc's EIN?
Perfect Seas Foundation Inc's EIN (Employer Identification Number) is 84-3835636. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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