Sand Dollar W Foundation logo

Sand Dollar W Foundation

NEWPORT, RI EIN: 26-0239404 Website

Sand Dollar W Foundation is a private foundation based in Newport, Rhode Island. The foundation operates as an invite-only grantmaker and does not accept unsolicited applications.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$2.1M

+1436.2% YoY

Grant Count

12

-45.5% YoY

Avg Grant Size

$173K

+2716.3% YoY

Under IRS private-foundation payout rules, Sand Dollar W Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's grant-making priorities include:

  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Human Services

Grantmaking

The foundation operates on an invite-only basis and does not accept unsolicited applications.

Grant Range

$4,000

How to Apply

**

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

  • Massachusetts
  • Maine
  • Rhode Island

Grant Distribution by State

16states
+8 more states

Cities

AugustaBaltimoreBangorBelfastBostonBrooklineCambridgeCape ElizabethChestnut HillChicagoConcordCumberlandDorchesterHagerstownJamaica PlainJamestownKey WestLeolaLone TreeLong Island City

Financial History

Multi-year comparison from IRS filings

Assets:

  • Total assets: $304,786–$305,000

Giving Rate:

  • Distributes approximately 43.6% of assets annually

Most Recent Filing:

  • 2023 Form 990-PF
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$572K$1M$2M$2M20202021202220232024
Metric202420232022
Total Assets$304,786$428,484
Revenue$1,776,641$16,944$4,804
Expenses$2,081,427$140,642$144,818
Qualifying Distributions$2,077,621$137,113$138,457
Net Investment Income$4,492$13,415
Distributable Amount$7,714$18,020$24,378

Giving Over Time

Total grant dollars and number of grants per year

$0$519K$1M$2M$2M22 grants202036 grants202135 grants202222 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

SCHWAB CHARITABLE FUND$1.1MSCHWAB CHARITABLE FUND$934KTHE FESSENDEN SCHOOL$20KALEXANDER TWILIGHT ACADEMY$5KDOCTORS WITHOUT BORDERS$3KMILLBROOK SCHOOL$3KHOMES FOR OUR TROOPS$3KROCA KIDZ CLUB$1KSKIDMORE COLLEGE$1KTHE ISLAND INSTITUTE$375

Grant Size Distribution

127 grants across all recorded years

124<$50K1$50–100K$100–250K$250–500K1$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Schwab Charitable Fund ($1,105,652), Schwab Charitable Fund ($933,651), The Fessenden School ($20,000).

RecipientPurposeAmount
ALEXANDER TWILIGHT ACADEMY BOSTON, MAUNRESTRICTED$5,000
COUNTRY CLUB EMPLOYEE EDUCATION FUND CHESTNUT HILL, MAUNRESTRICTED$150
DOCTORS WITHOUT BORDERS NEW YORK, NYUNRESTRICTED$3,000
HOMES FOR OUR TROOPS TAUNTON, MAUNRESTRICTED$2,500
MILLBROOK SCHOOL MILLBROOK, NYUNRESTRICTED$3,000
ROCA KIDZ CLUB MANCHESTER, NHUNRESTRICTED$1,000
SCHWAB CHARITABLE FUND LONE TREE, COUNRESTRICTED$933,651
SCHWAB CHARITABLE FUND LONE TREE, COUNRESTRICTED$1,105,652
SKIDMORE COLLEGE SARATOGA SPRINGS, NYUNRESTRICTED$1,000
THE FESSENDEN SCHOOL NEWTON, MAUNRESTRICTED$20,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation's current board includes:

  • Chris Goldsmith
  • Ed Cleary
  • Patrick Johnson
  • Alexa McGuire

The foundation was originally founded by Bob Caper, Devin Johnson, John Mullen, and Ken Patrick.

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JEREMY WINTERSTEENOFFICER, SECRETARY, DIRECTOR1
LAURENCE WINTERSTEENTREASURER, DIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What does Sand Dollar W Foundation fund?

The foundation's grant-making priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from Sand Dollar W Foundation?

**Grant Activity:** • Annual giving: approximately $133,000–$135,000 • Number of grants: 16 grants annually • Median grant size: $4,000 • Grant range: $1,000–$38,000 **Application Process:** The foundation operates on an invite-only basis and does not accept unsolicited applications.

Where does Sand Dollar W Foundation make grants?

The foundation primarily funds organizations in: • Massachusetts • Maine • Rhode Island

What size grants does Sand Dollar W Foundation award?

In 2024, Sand Dollar W Foundation awarded 12 grants totaling $2.1M — an average of about $173K per grant, based on its IRS Form 990 filings.

How much is Sand Dollar W Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sand Dollar W Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Sand Dollar W Foundation's EIN?

Sand Dollar W Foundation's EIN (Employer Identification Number) is 26-0239404. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

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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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