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
Under IRS private-foundation payout rules, The Seabreeze Foundation reported a distributable amount of $483K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Grameen America Inc ($200,000), Global Citizen - Global Poverty Project ($100,000), Creative Visions Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GRAMEEN AMERICA INC NEW YORK, NY | UNRESTRICTED GENERAL | $200,000 |
| CREATIVE VISIONS FOUNDATION MALIBU, CA | SUPPORT OPTIMIST PROJECT | $25,000 |
| GLOBAL CITIZEN - GLOBAL POVERTY PROJECT NEW YORK, NY | UNRESTRICTED GENERAL | $100,000 |
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
Frequently Asked Questions
What is The Seabreeze Foundation?
The Seabreeze Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $7.1M in total assets as of 2024.
How large is The Seabreeze Foundation?
As of 2024, The Seabreeze Foundation holds $7.1M in total assets with $355K in annual revenue. It awarded 3 grants totaling $325K in 2024.
Where does The Seabreeze Foundation operate?
The Seabreeze Foundation has awarded grants in California, Connecticut, Florida, New York, Tennessee.
What size grants does The Seabreeze Foundation award?
In 2024, The Seabreeze Foundation awarded 3 grants totaling $325K — an average of about $108K per grant, based on its IRS Form 990 filings.
How much is The Seabreeze Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Seabreeze Foundation reported a distributable amount of $483K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Seabreeze Foundation's EIN?
The Seabreeze Foundation's EIN (Employer Identification Number) is 80-0004702. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Seabreeze Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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