The Blueyes Foundation
The Blueyes Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hobe Sound, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 16 grants totaling $104K. Net investment income was $336K.
Key facts about The Blueyes Foundation
- EIN
- 22-3771326
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $103,729
- Grants made (2025)
- 16
- Average grant
- $6,483
- Median grant
- $1,000
- New grantees (estimate)
- 13% first-time grantees (2 of 16, 2025)
- Total assets
- $2,696,340
- Primary geography
- Florida (43% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Blueyes Foundation funds
By grant dollars, the top recipient states for The Blueyes Foundation's 16 itemized 2025 grants were Florida (43%), New Jersey (42%) and Pennsylvania (10%). The most frequent recipient cities were Stuart, FL (4 grants) and Palm City, FL (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Blueyes Foundation open to new grantees?
13%
first-time grantees, 2025
In 2025, 2 of 16 grantees (13%) were first-time recipients. First grants averaged $300; repeat grants $7K. How we count
Medians: $300 first-time, $3K repeat.
- 75% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Blueyes Foundation
- How to evaluate The Blueyes Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.7M
+9.7% YoY
Annual Giving
$104K
-33.9% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$6K
-38.1% YoY
Under IRS private-foundation payout rules, The Blueyes Foundation reported a distributable amount of $157K for 2025 — the minimum it must pay out in qualifying distributions.
About The Blueyes Foundation
Based on IRS filings
The Blueyes Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hobe Sound, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 16 grants totaling $104K. Net investment income was $336K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,696,340 | $2,458,299 | $2,496,199 |
| Revenue | $362,861 | $146,556 | $147,630 |
| Expenses | $126,975 | $178,767 | $207,734 |
| Qualifying Distributions | $103,729 | $157,031 | $187,850 |
| Net Investment Income | $335,527 | $115,944 | $111,791 |
| Distributable Amount | $157,233 | $149,597 | $144,857 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 2025
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Boys & Girls Club of Martin County ($41,760), Martin County Police Athletic League ($15,500), House of Hope ($12,269).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB OF MARTIN COUNTY Hobe Sound, NJ | GENERAL UNRESTRICTED USE | $41,760 |
| MARTIN COUNTY POLICE ATHLETIC LEAGUE Palm City, FL | GENERAL UNRESTRICTED USE | $15,500 |
| HOUSE OF HOPE Stuart, FL | GENERAL UNRESTRICTED USE | $12,269 |
| THE PHILADELPHIA SCHOOL Philadelphia, PA | GENERAL UNRESTRICTED USE | $10,000 |
| LIBRARY FOUNDATION OF MARTIN COUNTY Stuart, FL | GENERAL UNRESTRICTED USE | $10,000 |
| AMERICA'S FUND SEMPER FI FUND Oceanside, CA | GENERAL UNRESTRICTED USE | $5,000 |
| VISIONARY CENTERS SCHOOL OF ARTS Stuart, FL | GENERAL UNRESTRICTED USE | $4,000 |
| CAMDEN COUNTY COLLEGE FOUNDATION Blackwood, NJ | GENERAL UNRESTRICTED USE | $1,000 |
| NEW HORIZONS SERVICE DOGS Orange City, FL | GENERAL UNRESTRICTED USEUNRESTRICTED USE | $1,000 |
| PROJECT LIFT Palm City, FL | GENERAL UNRESTRICTED USE | $850 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Townsend | Trustee | — | — |
| Karen Townsend | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Blueyes Foundation?
The Blueyes Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hobe Sound, FL. It holds $2.7M in total assets as of 2025.
How large is The Blueyes Foundation?
As of 2025, The Blueyes Foundation holds $2.7M in total assets with $363K in annual revenue. It awarded 16 grants totaling $104K in 2025.
Where does The Blueyes Foundation operate?
The Blueyes Foundation has awarded grants in California, Florida, New Jersey, Pennsylvania.
What size grants does The Blueyes Foundation award?
In 2025, The Blueyes Foundation awarded 16 grants totaling $104K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Blueyes Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Blueyes Foundation reported a distributable amount of $157K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Blueyes Foundation's EIN?
The Blueyes Foundation's EIN (Employer Identification Number) is 22-3771326. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.