Perfect Seas Foundation Inc
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.
Perfect Seas Foundation Inc at a glance
In short: Perfect Seas Foundation Inc gave $8.0M across 2 grants in 2024 (avg $4.0M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,000,000
- +0.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $4,000,000
- +0.0% vs 2023
- Median grant
- $4,000,000
- Total assets
- $123,939,828
- +3.6% vs 2023
- Primary geography
- Massachusetts (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Perfect Seas Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Fidelity Investment Charitable Gift Fund ($7.0M). Together the top 2 received $8.0M.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 8 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Perfect Seas Foundation Inc gives
- Giving grew 52% from 2021 to 2024. Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.3M (2021) to $9.0M (2022). In 2024 it made 2 grants totaling $8.0M.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with Perfect Seas 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 | $123,939,828 | $12,934,873 | $8,557,027 | $8,000,000 | 2 | $8,000,000 | $12,377,846 | $8,029,301 |
| 2023 | $119,597,104 | $19,222,875 | $8,157,816 | $8,000,000 | 2 | $8,000,000 | $17,365,059 | $7,226,221 |
| 2022 | $117,352,289 | $6,991,290 | $9,175,922 | $9,000,000 | 2 | $9,000,000 | $3,210,256 | $7,862,638 |
| 2021 | $119,536,921 | $20,594,764 | $5,534,134 | $5,250,000 | 1 | $5,250,000 | $4,677,369 | $7,226,498 |
| 2020 | $104,476,291 | $10,079,881 | $6,030,500 | $6,000,000 | 1 | — | $6,302,443 | $5,583,939 |
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.
Leadership & Key People
Officers and directors from IRS filings
Perfect Seas Foundation Inc is led by Michael A. Bass, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Michael A. Bass
President
On filings since 2020
2 hrs/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 Perfect Seas Foundation Inc
How much does Perfect Seas Foundation Inc give each year?
Perfect Seas Foundation Inc gave $8.0M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8.0M across 2 grants.
How large is Perfect Seas Foundation Inc?
Perfect Seas Foundation Inc reported $123.9M in total assets on its 2024 IRS Form 990-PF. It paid out $8.0M in qualifying distributions that year, against a required minimum of $8.0M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Where does Perfect Seas Foundation Inc operate?
Perfect Seas Foundation Inc has awarded grants in Florida, Massachusetts.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Perfect Seas Foundation Inc's focus areas in our free grants database
Similar Funders
Similar funders in Massachusetts
Boston Foundation Inc
Boston, MA
The Boston Foundation funds nonprofits and community initiatives focused on equity and opportunity, including child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer amounts such as $50,000; whether it accepts unsolicited requests is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Barr Foundation
Boston, MA
The Barr Foundation funds arts and creativity, climate, education, and New England’s social sector, primarily through long-term support for organizations in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. Its filing says it accepts only requests from preselected organizations and does not accept unsolicited requests, though its website describes program-page inquiries and occasional open calls.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
Cummings Foundation Grants Inc. funds nonprofits working in human services, education, healthcare, fairness and justice, and the environment, primarily in greater Boston and eastern Massachusetts. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal during its application cycle, which was not open at the time described.
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial Scholarship Fund Inc
Boston, MA
The fund awards need- and merit-based scholarships to full-time students pursuing bachelor’s degrees who permanently reside in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont; recipients may attend college anywhere in the United States. Awards generally range from $3,000 to $17,000, with typical annual awards of $6,000 to $10,000. It accepts applications through an online student portal; the profile does not describe other unsolicited requests.
Assets
$41.6M
Grants
520
Total Given
$5.1M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Perfect Seas 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.
Perfect Seas Foundation Inc down — hundreds of funders to go?