The Seabreeze Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 3 grants totaling $325K. Net investment income was $346K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+0.3% YoY
Annual Giving
$325K
-16.7% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$108K
+11.1% YoY
About The Seabreeze Foundation
Based on IRS filings
The Seabreeze Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 3 grants totaling $325K. Net investment income was $346K.
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 | $7,126,225 | $7,102,217 | $7,208,152 |
| Revenue | $354,708 | $298,354 | $282,557 |
| Expenses | $373,827 | $426,632 | $484,065 |
| Qualifying Distributions | $340,388 | $403,311 | $448,654 |
| Net Investment Income | $346,228 | $272,452 | $274,005 |
| Distributable Amount | $482,824 | $424,828 | $425,744 |
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
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN F MEGRUE | PRESIDENT/TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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