The Sapone Family Foundation Inc
The Sapone Family Foundation Inc is a private foundation, based in Inlet Beach, FL. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $870K in total assets. In 2025, it awarded 3 grants totaling $45K. Net investment income was $57K.
The Sapone Family Foundation Inc at a glance
In short: The Sapone Family Foundation Inc gave $45K across 3 grants in 2025 (avg $15K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $45,000
- +28.6% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $15,000
- -14.3% vs 2024
- Median grant
- $10,000
- Total assets
- $870,490
- +3.4% vs 2024
- Primary geography
- Georgia (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Sapone Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was City of Refuge ($25K). Together the top 3 received $45K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Sapone Family Foundation Inc gives
- Giving grew 80% from 2022 to 2025. Method
- In 2025 it paid out 125% of 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 2022 to 2025, annual grant giving ranged from $25K (2022) to $45K (2025). In 2025 it made 3 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Refuge Atlanta, GA | General Support | $25,000 |
| The New England Center for Children Southborough, MA | General Support | $10,000 |
| The Rams Club Chapel Hill, NC | General Support | $10,000 |
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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 | $870,490 | $64,531 | $53,596 | $45,000 | 3 | $52,500 | $57,016 | $41,955 |
| 2024 | $841,582 | $359,995 | $40,237 | $35,000 | 2 | $39,500 | $56,217 | $27,251 |
| 2023 | $515,433 | $355,716 | $35,077 | $35,000 | 2 | $35,030 | $15,951 | $16,286 |
| 2022 | $176,610 | $203,279 | $25,000 | $25,000 | 1 | $25,000 | $3,279 | $4,977 |
Under IRS private-foundation payout rules, The Sapone Family Foundation Inc reported a distributable amount of $42K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Sapone Family Foundation Inc is led by Penny Phillips Sapone, President & Director on every filing since 2022; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Penny Phillips Sapone
President & Director
On filings since 2022
4 hrs/week
No compensation reported
Dominic John Sapone
Secretary & Director
On filings since 2022
2 hrs/week
No compensation reported
Isabella Frances Sapone
Director
On filings since 2022
2 hrs/week
No compensation reported
John Lane Sapone
Vice President, Treasurer & Director
On filings since 2022
4 hrs/week
No compensation reported
Joseph Phillips Sapone
Director
On filings since 2022
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Sapone Family Foundation Inc
How much does The Sapone Family Foundation Inc give each year?
The Sapone Family Foundation Inc gave $45K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 2 grants.
What is The Sapone Family Foundation Inc's typical grant size?
The Sapone Family Foundation Inc's median grant in 2025 was $10,000, and its average grant was $15,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Sapone Family Foundation Inc give grants?
The Sapone Family Foundation Inc gives mostly in Georgia: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (22%) and North Carolina (22%).
Does The Sapone Family Foundation Inc give general operating support?
Yes: 100% of The Sapone Family Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Sapone Family Foundation Inc?
The Sapone Family Foundation Inc reported $870K in total assets on its 2025 IRS Form 990-PF. It paid out $53K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets).
What is The Sapone Family Foundation Inc's EIN?
The Sapone Family Foundation Inc's EIN (Employer Identification Number) is 88-2565470. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 27, 2026)
- IRS filings on file for fiscal years 2022–2025
Explore Open Grants
Browse active grant opportunities in The Sapone Family Foundation Inc's focus areas in our free grants database
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