The Ocean Fund Ltd

Foundation · Grantmaker Brooklyn, NY EIN: 20-5524279

The Ocean Fund Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Brooklyn, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. Net investment income was $160.

Key facts about The Ocean Fund Ltd

EIN: 20-5524279
Latest 990 filing: Form 990-PF, 2024
Total assets: $21,935

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Ocean Fund Ltd gives

In 2021 it paid out 583% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Ocean Fund Ltd

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$22K

+0.7% YoY

Revenue

$510

-34.2% YoY

Net Investment Income

$160

-62.4% YoY

Expenses

$356

+1.1% YoY

Under IRS private-foundation payout rules, The Ocean Fund Ltd reported a distributable amount of $582 for 2024 — the minimum it must pay out in qualifying distributions.

About The Ocean Fund Ltd

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Mexico $4K (100%)

States

New Mexico

Cities

Taos

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$21,935	$21,781	$21,358
Revenue	$510	$775	$124
Expenses	$356	$352	—
Qualifying Distributions	—	—	—
Net Investment Income	$160	$425	$124
Distributable Amount	$582	$564	$554

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

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
Mendel Rabkin	Pres & Treas	1	—
Yossef Rabkin	VP	0.08	—
Shalom Rabkin	Sec	0.08	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Ocean Fund Ltd?

The Ocean Fund Ltd is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Brooklyn, NY. It holds $22K in total assets as of 2024.

How large is The Ocean Fund Ltd?

As of 2024, The Ocean Fund Ltd holds $22K in total assets with $510 in annual revenue.

Where does The Ocean Fund Ltd operate?

The Ocean Fund Ltd has awarded grants in New Mexico.

How much is The Ocean Fund Ltd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ocean Fund Ltd reported a distributable amount of $582 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.