Seabreeze Foundation
Seabreeze Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 6 grants totaling $325K. Net investment income was $575K.
Seabreeze Foundation at a glance
In short: Seabreeze Foundation gave $325K across 6 grants in 2025 (avg $54K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $325,000
- +0.0% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $54,167
- -50.0% vs 2024
- Median grant
- $7,500
- Total assets
- $7,450,311
- +4.5% vs 2024
- Primary geography
- New York (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Seabreeze Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Grameen America Inc ($200K). Together the top 6 received $325K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 13 grants of 23 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Seabreeze Foundation gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 65% 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 2019 to 2025, annual grant giving ranged from $241K (2019) to $545K (2021). In 2025 it made 6 grants totaling $325K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grameen America Inc New York, NY | Unrestricted General | $200,000 |
| Global Citizen - Global Poverty Project New York, NY | Unrestricted General | $100,000 |
| Stronger Than You Think Darien, CT | Unrestricted General | $10,000 |
| Open Doors Norwalk, CT | Unrestricted General | $5,000 |
| University of Pennsylvania Philadelphia, PA | Unrestricted General | $5,000 |
| Gigi's Playhouse Inc New York, NY | Unrestricted General | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,450,311 | $633,940 | $382,688 | $325,000 | 6 | $341,752 | $574,695 | $523,107 |
| 2024 | $7,126,225 | $354,708 | $373,827 | $325,000 | 3 | $340,388 | $346,228 | $482,824 |
| 2023 | $7,102,217 | $298,354 | $426,632 | $390,000 | 4 | $403,311 | $272,452 | $424,828 |
| 2022 | $7,208,152 | $282,557 | $484,065 | $435,000 | 5 | $448,654 | $274,005 | $425,744 |
| 2021 | $7,387,380 | $568,016 | $592,595 | $545,000 | 5 | $560,355 | $535,768 | $476,121 |
| 2020 | $7,437,292 | $304,677 | $364,847 | $332,500 | 6 | — | $280,389 | $274,450 |
| 2019 | $7,496,575 | $349,415 | $280,199 | $241,000 | 10 | — | $327,926 | $411,245 |
Under IRS private-foundation payout rules, Seabreeze Foundation reported a distributable amount of $523K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Seabreeze Foundation is led by John F. Megrue, President & Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
John F. Megrue
President & Trustee
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Lizanne G. Megrue (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Seabreeze Foundation
How much does Seabreeze Foundation give each year?
Seabreeze Foundation gave $325K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $325K across 3 grants.
What is Seabreeze Foundation's typical grant size?
Seabreeze Foundation's median grant in 2025 was $7,500, and its average grant was $54,167, across 6 grants on its 2025 IRS Form 990-PF.
Where does Seabreeze Foundation give grants?
Seabreeze Foundation gives mostly in New York: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (3 grants).
Does Seabreeze Foundation give general operating support?
Yes: 100% of Seabreeze Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Seabreeze Foundation's largest grantees?
Seabreeze Foundation's largest 2025 grantees include Grameen America Inc ($200,000), Global Citizen - Global Poverty Project ($100,000) and Stronger Than You Think ($10,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Seabreeze Foundation?
Seabreeze Foundation reported $7.5M in total assets on its 2025 IRS Form 990-PF. It paid out $342K in qualifying distributions that year, against a required minimum of $523K (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 Seabreeze Foundation's EIN?
Seabreeze Foundation's EIN (Employer Identification Number) is 80-0004702. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 29, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 28, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Seabreeze Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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