The Sandler O'Neill Assistance Foundation
The Sandler O'Neill Assistance Foundation is a private foundation focused on Education, based in Cedar Knolls, NJ. IRS filing data is available from 2020 through 2025. In 2025, it awarded 5 grants totaling $3.9M. Net investment income was $104K.
The Sandler O'Neill Assistance Foundation at a glance
In short: The Sandler O'Neill Assistance Foundation gave $3.9M across 5 grants in 2025 (avg $787K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,935,921
- +153.4% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $787,184
- +52.0% vs 2024
- Median grant
- $100,000
- Primary geography
- New York (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Sandler O'Neill Assistance Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The New York Community Trust ($1.9M). Together the top 5 received $3.9M.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was in the $50–100K range: 16 grants of 32 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Sandler O'Neill Assistance Foundation gives
- Giving grew 800% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $150K (2023) to $3.9M (2025). In 2025 it made 5 grants totaling $3.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The New York Community Trust New York, NY | Scholarship Program | $1,898,107 |
| Metropolitan Golf Association Foundation Elmsford, NY | Scholarship Program | $1,837,814 |
| Eleventh Hour Rescue Flanders, NJ | General Purposes | $100,000 |
| Direct Relief Santa Barbara, CA | General Purposes | $50,000 |
| The Teak Fellowship New York, NY | General Purposes | $50,000 |
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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 | — | $110,114 | $3,948,259 | $3,935,921 | 5 | $3,942,836 | $104,397 | $122,638 |
| 2024 | $3,851,785 | $203,715 | $1,716,103 | $1,553,347 | 3 | $1,633,264 | $126,243 | $203,401 |
| 2023 | $5,364,174 | $246,797 | $156,742 | $150,467 | 3 | $154,616 | $244,671 | $259,534 |
| 2022 | $5,274,177 | $52,966 | $443,528 | $437,181 | 7 | $441,378 | $50,816 | $272,647 |
| 2021 | $5,644,834 | $52,765 | $878,729 | $873,222 | 14 | $876,537 | $41,465 | $303,437 |
| 2020 | $6,470,834 | $82,283 | $851,149 | $845,755 | 20 | — | $79,773 | $264,961 |
Under IRS private-foundation payout rules, The Sandler O'Neill Assistance Foundation reported a distributable amount of $123K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Sandler O'Neill Assistance Foundation is led by Andrew J. Armstrong Jr., President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew J. Armstrong Jr.
President
On filings since 2020
1 hr/week
No compensation reported
Charles H. Witmer
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Timothy P. Neher
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Sandler O'Neill Assistance Foundation
How much does The Sandler O'Neill Assistance Foundation give each year?
The Sandler O'Neill Assistance Foundation gave $3.9M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.6M across 3 grants.
What is The Sandler O'Neill Assistance Foundation's typical grant size?
The Sandler O'Neill Assistance Foundation's median grant in 2025 was $100,000, and its average grant was $787,184, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Sandler O'Neill Assistance Foundation give grants?
The Sandler O'Neill Assistance Foundation gives mostly in New York: 96% 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 (2 grants).
Does The Sandler O'Neill Assistance Foundation give general operating support?
Yes: 60% of The Sandler O'Neill Assistance Foundation's 2025 grants with a stated purpose (3 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Sandler O'Neill Assistance Foundation's largest grantees?
The Sandler O'Neill Assistance Foundation's largest 2025 grantees include The New York Community Trust ($1,898,107), Metropolitan Golf Association Foundation ($1,837,814) and Eleventh Hour Rescue ($100,000), according to its 2025 IRS Form 990-PF. Together they received 97% of its itemized 2025 grant dollars.
What is The Sandler O'Neill Assistance Foundation?
The Sandler O'Neill Assistance Foundation is a private foundation focused on Education, based in Cedar Knolls, NJ.
How much is The Sandler O'Neill Assistance Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Sandler O'Neill Assistance Foundation reported a distributable amount of $123K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sandler O'Neill Assistance Foundation's EIN?
The Sandler O'Neill Assistance Foundation's EIN (Employer Identification Number) is 06-1631340. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 22, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Sandler O'Neill Assistance Foundation funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Sandler O'Neill Assistance Foundation's focus areas in our free grants database
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