Sandy Spring Bank Foundation Inc

Private foundation · Grantmaker Olney, MD EIN: 46-3263627

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

Frederick Rescue Mission Inc: $3KFrederick Rescue Mission Inc$3K

The largest 2024 recipient was Frederick Rescue Mission Inc ($3K).

Grant Size Distribution

16 grants across all recorded years

5<$50K10$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

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

3states

Share of the 2024 grant dollars on its one itemized grant.

Cities

BaltimoreFrederickOlneyWashingtonAlexandriaAnnapolisColumbiaFalls ChurchGaithersburgLanhamOakton

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

$0$200K$400K$600K$800K15 grants2020 0 grants2021 0 grants2022 0 grants2023 1 grant2024

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

RecipientPurposeAmount
Frederick Rescue Mission Inc Frederick, MDGeneral Support$2,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$183,258$20$11,050$2,5001$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$677,50015—$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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 18, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 15, 2023)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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Philanthropy, Voluntarism & Grantmaking

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Philanthropy, Voluntarism & Grantmaking

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Assets

—

Grants

65

Total Given

$7.2M

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Sandy Spring Bank 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.

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