Sandy Spring Bank Foundation Inc
Sandy Spring Bank Foundation Inc is a private foundation, based in Olney, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $183K in total assets. In 2024, it awarded 1 grant totaling $3K.
Sandy Spring Bank Foundation Inc at a glance
In short: Sandy Spring Bank Foundation Inc gave $3K across 1 grant in 2024 (avg $3K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,500
- Grants made (2024)
- 1
- Average grant
- $2,500
- Median grant
- $2,500
- Total assets
- $183,258
- -5.7% vs 2023
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Sandy Spring Bank Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Frederick Rescue Mission Inc ($3K).
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 16 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Sandy Spring Bank Foundation Inc gives
- In 2024 it paid out 91% 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 $3K (2024) to $678K (2020). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Frederick Rescue Mission Inc Frederick, MD | General Support | $2,500 |
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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 | $183,258 | $20 | $11,050 | $2,500 | 1 | $8,425 | — | $9,249 |
| 2023 | $194,288 | $329 | $13,080 | — | — | $7,530 | — | $9,811 |
| 2022 | $207,039 | $21 | $4,510 | — | — | $3,963 | — | $10,333 |
| 2021 | $211,528 | $59 | $2,750 | — | — | $2,640 | $59 | $10,469 |
| 2020 | $214,412 | $7,948 | $679,790 | $677,500 | 15 | — | $7,948 | $21,312 |
Under IRS private-foundation payout rules, Sandy Spring Bank Foundation Inc reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sandy Spring Bank Foundation Inc is led by Daniel J. Schrider, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel J. Schrider
President
On filings since 2020
0.2 hrs/week
No compensation reported
Janet V. Replogle
Treasurer
On filings since 2020
0.2 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 Sandy Spring Bank Foundation Inc
How much does Sandy Spring Bank Foundation Inc give each year?
Sandy Spring Bank Foundation Inc gave $3K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Sandy Spring Bank Foundation Inc?
Sandy Spring Bank Foundation Inc reported $183K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $9K (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.
Where does Sandy Spring Bank Foundation Inc operate?
Sandy Spring Bank Foundation Inc has awarded grants in District of Columbia, Maryland, Virginia.
What is Sandy Spring Bank Foundation Inc's EIN?
Sandy Spring Bank Foundation Inc's EIN (Employer Identification Number) is 46-3263627. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 15, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Sandy Spring Bank Foundation Inc's focus areas in our free grants database
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