Seven Seas Community Foundation
Seven Seas Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $27.2M in total assets. In 2024, it awarded 28 grants totaling $124K. Net investment income was $959K.
Key facts about Seven Seas Community Foundation
- EIN
- 87-2310759
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $124,477
- Grants made (2024)
- 28
- Average grant
- $4,446
- Median grant
- $2,608
- Total assets
- $27,174,282
- Primary geography
- New York (60% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Seven Seas Community Foundation funds
By grant dollars, the top recipient states for Seven Seas Community Foundation's 28 itemized 2024 grants were New York (60%), Texas (26%) and Oregon (6%). The most frequent recipient cities were Alpine, TX (9 grants), New York, NY (7 grants), San Antonio, TX (2 grants) and Florence, OR (2 grants). 25% of grants with a stated purpose were for general or operating support. Recurring purposes include "Travel, Study, or Similar Purpose" (15 grants).
How Seven Seas Community Foundation gives
- In 2024 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.
Next steps with Seven Seas Community Foundation
- How to evaluate Seven Seas Community Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.2M
+0.7% YoY
Annual Giving
$124K
-68.5% YoY
Grant Count
28
+55.6% YoY
Avg Grant Size
$4K
-79.8% YoY
Under IRS private-foundation payout rules, Seven Seas Community Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Seven Seas Community Foundation
Based on IRS filings
Seven Seas Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $27.2M in total assets. In 2024, it awarded 28 grants totaling $124K. Net investment income was $959K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 28 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,174,282 | $26,973,652 | $21,354,892 |
| Revenue | $987,585 | $6,343,703 | $165,939 |
| Expenses | $786,955 | $724,943 | $286,093 |
| Qualifying Distributions | $672,755 | $691,845 | $64,198 |
| Net Investment Income | $958,985 | $6,332,059 | $158,809 |
| Distributable Amount | $1,033,467 | $656,281 | $754,601 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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 2024
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Notre Dame School of Manhattan ($30,000), Droste Mental Health Services Inc ($10,000), Trinity University ($10,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| NOTRE DAME SCHOOL OF MANHATTAN New York, NY | General & Unrestricted | $30,000 |
| DROSTE MENTAL HEALTH SERVICES INC New York, NY | General & Unrestricted | $10,000 |
| COALITION FOR THE HOMELESS INC New York, NY | New York City Area Fund | $5,000 |
| GIRLS INCORPORATED OF NEW YORK CITY New York, NY | General & Unrestricted | $5,000 |
| NATURE CONSERVANCY Arlington, VA | Mashomack Preserve Fund | $5,000 |
| ST IGNATIUS SCHOOL Bronx, NY | General & Unrestricted | $5,000 |
| SYLVESTER MANOR EDUCATIONAL FARM Shelter Is, NY | General & Unrestricted | $5,000 |
| TRINITY UNIVERSITY San Antonio, TX | Trinity University Department of Education Graduate Program | $5,000 |
| TRINITY UNIVERSITY San Antonio, TX | Funds for Julie Jenkins Volleyball Court | $5,000 |
| XAVIER MISSION INC New York, NY | Funds for Soup Kitchen | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jenna Fagnan | Dir, Pres, Sec, Treas | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Seven Seas Community Foundation?
Seven Seas Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $27.2M in total assets as of 2024.
How large is Seven Seas Community Foundation?
As of 2024, Seven Seas Community Foundation holds $27.2M in total assets with $988K in annual revenue. It awarded 28 grants totaling $124K in 2024.
Where does Seven Seas Community Foundation operate?
Seven Seas Community Foundation has awarded grants in District of Columbia, New York, Oregon, Pennsylvania, Texas, Virginia.
What size grants does Seven Seas Community Foundation award?
In 2024, Seven Seas Community Foundation awarded 28 grants totaling $124K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Seven Seas Community Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Seven Seas Community Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Seven Seas Community Foundation's EIN?
Seven Seas Community Foundation's EIN (Employer Identification Number) is 87-2310759. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.