The Sandler O'neill Assistance is a private foundation focused on Education, based in CEDAR KNOLLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 3 grants totaling $1.6M. Net investment income was $126K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-28.2% YoY
Annual Giving
$1.6M
+932.4% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$518K
+932.4% YoY
Under IRS private-foundation payout rules, The Sandler O'neill Assistance reported a distributable amount of $203K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sandler O'neill Assistance
Based on IRS filings
The Sandler O'neill Assistance is a private foundation focused on Education, based in CEDAR KNOLLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 3 grants totaling $1.6M. Net investment income was $126K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,851,785 | $5,364,174 | $5,274,177 |
| Revenue | $203,715 | $246,797 | $52,966 |
| Expenses | $1,716,103 | $156,742 | $443,528 |
| Qualifying Distributions | $1,633,264 | $154,616 | $441,378 |
| Net Investment Income | $126,243 | $244,671 | $50,816 |
| Distributable Amount | $203,401 | $259,534 | $272,647 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Funds Inc ($1,010,000), Metropolitan Golf Association Foundation ($500,000), John Wright ($43,347).
| Recipient | Purpose | Amount |
|---|---|---|
| JOHN WRIGHT RIDGEWOOD, NY | TUITION, ROOM & BOARD | $43,347 |
| METROPOLITAN GOLF ASSOCIATION FOUNDATION ELMSFORD, NY | SCHOLARSHIP PROGRAM | $500,000 |
| COMMUNITY FUNDS INC NEW YORK, NY | SCHOLARSHIP PROGRAM | $1,010,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW J ARMSTRONG JR | PRESIDENT | 1 | — |
| TIMOTHY P NEHER | SECRETARY | 1 | — |
| CHARLES H WITMER | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Sandler O'neill Assistance?
The Sandler O'neill Assistance is a private foundation focused on Education, based in CEDAR KNOLLS, NJ. It holds $3.9M in total assets as of 2024.
How large is The Sandler O'neill Assistance?
As of 2024, The Sandler O'neill Assistance holds $3.9M in total assets with $204K in annual revenue. It awarded 3 grants totaling $1.6M in 2024.
Where does The Sandler O'neill Assistance operate?
The Sandler O'neill Assistance has awarded grants in Connecticut, New Jersey, New York, Virginia.
What size grants does The Sandler O'neill Assistance award?
In 2024, The Sandler O'neill Assistance awarded 3 grants totaling $1.6M — an average of about $518K per grant, based on its IRS Form 990 filings.
How much is The Sandler O'neill Assistance required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sandler O'neill Assistance reported a distributable amount of $203K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sandler O'neill Assistance's EIN?
The Sandler O'neill Assistance's EIN (Employer Identification Number) is 06-1631340. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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