The Sakonnet Foundation

Private foundation · Grantmaker Boston, MA EIN: 45-6507465

The Sakonnet Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $69.0M in total assets. In 2024, it awarded 1 grant totaling $4.5M. Net investment income was $9.7M.

Key facts about The Sakonnet Foundation

In short: The Sakonnet Foundation gave $4.5M across 1 grant in 2024 (avg $4.5M), mostly in Ohio. Source: 2024 IRS Form 990-PF.

EIN
45-6507465
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$4,537,000
Grants made (2024)
1
Average grant
$4,537,000
Median grant
$4,537,000
Total assets
$69,033,536
Primary geography
Ohio (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$69.0M

+8.0% YoY

Annual Giving

$4.5M

+11.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$4.5M

+11.4% YoY

Under IRS private-foundation payout rules, The Sakonnet Foundation reported a distributable amount of $5.6M for 2024 — the minimum it must pay out in qualifying distributions.

How The Sakonnet Foundation gives

  • Giving grew 42% from 2021 to 2024. Method
  • In 2024 it paid out 81% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

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

States

Cities

Cincinnati

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $3.0M (2020) to $4.5M (2024). In 2024 it made 1 grant totaling $4.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Kevin T Callaghan Charitable Trust at the Fidelity Charitable Gift Fund: $4.5MKevin T Callaghan CharitableTrust at the Fidelity…$4.5M

The largest 2024 recipient was Kevin T Callaghan Charitable Trust at the Fidelity Charitable Gift Fund ($4.5M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

The most common grant size was in the $1–5M range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Kevin T Callaghan Charitable Trust at the Fidelity Charitable Gift Fund Cincinnati, OHGeneral Fund$4,537,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$69,033,536$63,906,270$62,252,733
Revenue$12,674,100$6,092,581$6,866,898
Expenses$4,984,536$4,438,680$4,238,202
Qualifying Distributions$4,537,000$4,072,000$3,900,000
Net Investment Income$9,747,094$5,970,176$1,383,576
Distributable Amount$5,607,490$4,537,148$4,077,196

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 8, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Sakonnet Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Julie N. Callaghan

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kevin T. Callaghan

    Trustee

    On filings since 2020

    1 hr/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 The Sakonnet Foundation

How much does The Sakonnet Foundation give each year?

The Sakonnet Foundation gave $4.5M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.1M across 1 grant.

How large is The Sakonnet Foundation?

The Sakonnet Foundation reported $69.0M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $5.6M (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 The Sakonnet Foundation operate?

The Sakonnet Foundation has awarded grants in Ohio.

What is The Sakonnet Foundation's EIN?

The Sakonnet Foundation's EIN (Employer Identification Number) is 45-6507465. 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.

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