The Sapone Family Foundation Inc

INLET BEACH, FL EIN: 88-2565470

The Sapone Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INLET BEACH, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $842K in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $56K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$842K

+63.3% YoY

Annual Giving

$35K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$18K

+0.0% YoY

Under IRS private-foundation payout rules, The Sapone Family Foundation Inc reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.

About The Sapone Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $75K (79%)

Massachusetts $20K (21%)

States

Georgia Massachusetts

Cities

AtlantaSouthborough

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$841,582	$515,433	$176,610
Revenue	$359,995	$355,716	$203,279
Expenses	$40,237	$35,077	$25,000
Qualifying Distributions	$39,500	$35,030	$25,000
Net Investment Income	$56,217	$15,951	$3,279
Distributable Amount	$27,251	$16,286	$4,977

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include City of Refuge ($25,000), The New England Center for Children ($10,000).

Recipient	Purpose	Amount
CITY OF REFUGE ATLANTA, GA	GENERAL SUPPORT	$25,000
THE NEW ENGLAND CENTER FOR CHILDREN SOUTHBOROUGH, MA	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PENNY PHILLIPS SAPONE	PRESIDENT AND DIRECTOR	4	—
JOHN LANE SAPONE	VP, TREASURER AND DIRECTOR	4	—
DOMINIC JOHN SAPONE	SECRETARY AND DIRECTOR	2	—
ISABELLA FRANCES SAPONE	DIRECTOR	2	—
JOSEPH PHILLIPS SAPONE	DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Sapone Family Foundation Inc?

The Sapone Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INLET BEACH, FL. It holds $842K in total assets as of 2024.

How large is The Sapone Family Foundation Inc?

As of 2024, The Sapone Family Foundation Inc holds $842K in total assets with $360K in annual revenue. It awarded 2 grants totaling $35K in 2024.

Where does The Sapone Family Foundation Inc operate?

The Sapone Family Foundation Inc has awarded grants in Georgia, Massachusetts.

What size grants does The Sapone Family Foundation Inc award?

In 2024, The Sapone Family Foundation Inc awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is The Sapone Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sapone Family Foundation Inc reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2022–2024.