Samuel M and Alma Catsman Foundation
The Samuel M and Alma Catsman Foundation is a private independent foundation based in Stuart, Florida. Established in 2015 to continue the charitable legacy of Samuel and Alma Catsman, long-time residents of Palm Beach County, the foundation was granted tax-exempt status in November 2017. The foundation operates with zero employees and is managed by Glenn and Eilleen Dempsey of Stuart, Florida.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.5M
-3.9% YoY
Annual Giving
$737K
+41.0% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$46K
+41.0% YoY
Under IRS private-foundation payout rules, Samuel M and Alma Catsman Foundation reported a distributable amount of $508K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation makes annual contributions to various national and local charities. Primary funding focus areas include:
- Human Services
- Wildlife and animal-related causes
- Nonprofit human services
- Poverty alleviation
- Education
- Philanthropy and grantmaking
Grantmaking
The foundation has contributed over $500,000 to the YMCA of the Treasure Coast since its endowment in 2015, funding projects including restroom renovations, LED lighting installations, gymnasium floor resurfacing, pool equipment purchases, and athletic field improvements. The foundation made an additional $125,000 commitment to the YMCA for pool construction at the Indiantown branch and an LED sign for the Stuart branch.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Florida, North Carolina, and Tennessee, with particular emphasis on local and national charities in the Treasure Coast region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $5,719,315
- Total Revenue: $213,614
- Total Expenses: $535,168
- Total Liabilities: $0
Historical Assets:
- 2025 filing: $5,494,181
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,494,181 | $5,719,315 | $6,040,869 |
| Revenue | $523,101 | $213,614 | $36,551 |
| Expenses | $748,235 | $535,168 | $558,940 |
| Qualifying Distributions | $736,600 | $522,500 | $553,500 |
| Net Investment Income | $511,466 | $205,934 | $223,918 |
| Distributable Amount | $507,999 | $470,898 | $469,576 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include YMCA of the Treasure Coast ($295,000), Samaritans Purse ($100,000), Watauga County ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Wellington High School Wellington, FL | General operating purposes | $10,000 |
| American Cancer Society Chicago, IL | General operating purposes | $5,000 |
| YMCA of the Treasure Coast Stuart, FL | To pay for purchase of new LED sign for the Stuart branch $25,000 to purchase new gym equipment for Stuart and Belle Glade branch $265,000 and to pay for summer camp expenses for underprivileged children at the Stuart branch $5,000. | $295,000 |
| St Jude Childrens Research Hospital Memphis, TN | General operating purposes | $35,000 |
| Guiding Eyes for the Blind Yorktown Heights, NY | General operating purposes | $25,000 |
| Shriners Hospitals for Children Orlando, FL | General operating purposes | $25,000 |
| Hibiscus Childrens Center Jensen Beach, FL | General operating purposes | $35,000 |
| Blowing Rock Art History Museum Blowing Rock, NC | General operating purposes | $22,500 |
| Watauga Humane Society Boone, NC | General operating purposes | $25,000 |
| Samaritans Purse Boone, NC | Contribution to Samaritans Purse to pay for Hurrican Helene relief efforts in Western North Carolina. | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Managers: Glenn and Eilleen Dempsey of Stuart, Florida
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William G Dempsey | President | 3 | — |
| Eilleen Z Dempsey | Vice President | 1 | — |
| William G Dempsey | Treasurer | 1 | — |
| Eilleen Z Dempsey | Secretary | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to make significant contributions to regional organizations. Recent notable commitments include substantial funding for animal welfare infrastructure through the Humane Society of the Treasure Coast and ongoing support for community recreation and wellness programs through the YMCA of the Treasure Coast.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Samuel M and Alma Catsman Foundation fund?
The foundation makes annual contributions to various national and local charities. Primary funding focus areas include: • Human Services • Wildlife and animal-related causes • Nonprofit human services • Poverty alleviation • Education • Philanthropy and grantmaking
How do I apply for a grant from Samuel M and Alma Catsman Foundation?
**Grant Activity & Amounts:** • Total giving: $736,600 (most recent filing) • Typical award range: $600–$295,000 • Recent grants made: 16–17 publicly operated charitable organizations per fiscal year **Recent Grants (2024):** • Humane Society of the Treasure Coast: $210,000 (construction of new cat adoption center and sponsorship fee for annual fundraiser) • Young Mens Christian Association of the Treasure Coast: $75,000 (renovations to Indiantown swimming pool and new LED sign) • Hibiscus Chil…
Where does Samuel M and Alma Catsman Foundation make grants?
The foundation primarily funds organizations in Florida, North Carolina, and Tennessee, with particular emphasis on local and national charities in the Treasure Coast region.
What size grants does Samuel M and Alma Catsman Foundation award?
In 2025, Samuel M and Alma Catsman Foundation awarded 16 grants totaling $737K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Samuel M and Alma Catsman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Samuel M and Alma Catsman Foundation reported a distributable amount of $508K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Samuel M and Alma Catsman Foundation's EIN?
Samuel M and Alma Catsman Foundation's EIN (Employer Identification Number) is 31-1688805. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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