The Seip Family Foundation Limited

NEW YORK, NY EIN: 68-0401790

The Seip Family Foundation Limited is a private foundation established in 1997 and designated as tax-exempt in September 1998. Based in New York City, the foundation operates as a 501(c)(3) organization focused on philanthropic grantmaking.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+11.2% YoY

Annual Giving

$201K

-13.7% YoY

Grant Count

-22.9% YoY

Avg Grant Size

$5K

+12.0% YoY

Under IRS private-foundation payout rules, The Seip Family Foundation Limited reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding interests include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

The foundation made 49 grants in 2023, with total giving of $232,961. Recent notable grants include:

Grant Range

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

Maryland
District of Columbia
South Carolina

Grant Distribution by State

Maryland $805K (51%)

New York $452K (29%)

Rhode Island $90K (6%)

Ohio $74K (5%)

California $65K (4%)

Maine $25K (2%)

District of Columbia $23K (1%)

South Carolina $14K (1%)

+11 more states

States

Arizona California District of Columbia Delaware Florida Georgia Indiana Massachusetts Maryland Maine Michigan Minnesota New York Ohio Oregon Pennsylvania Rhode Island South Carolina South Dakota

Cities

AdelphiAnn ArborAnnapolisAtlantaBaaufortBaltimoreBeaufortBerkeleyBeverlyBristolCentrevilleChamberlainCharlestonChathamChesterChestertownClevelandDanversDoverEason

Financial History

Multi-year comparison from IRS filings

Most Recent (2024):

Total Revenue: $323,369
Total Expenses: $214,207
Total Assets: $1,000,300
Net Income: $109,162

2023:

Total Assets: $899,735
Total Giving: $232,961
Total Revenue: $534,108
Total Expenses: $248,371

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,000,314	$899,735	$745,540
Revenue	$323,369	$534,108	$270,760
Expenses	$214,207	$248,371	$430,353
Qualifying Distributions	$203,615	$235,786	$416,896
Net Investment Income	$312,526	$387,491	$106,473
Distributable Amount	$66,436	$81,719	$91,279

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

220 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Chesapeake Bay Maritime Museum ($69,571), AmericaOne ($25,000), Academy Art Museum ($23,181).

Recipient	Purpose	Amount
ACADEMY ART MUSEUM Easton, MD	To support Academy of ART Museum's Mission	$23,181
CHESAPEAKE BAY MARITIME MUSEUM St Michaels, MD	To support Chesapeake Bay Maritime Museum's Mission	$69,571
DEL-MAR-VA COUNCIL Dover, DE	General support	$10,000
DOCTORS WITHOUT BORDERS New York, NY	Medical Care	$1,750
EASTERN SHORE LAND CONSERVANCY Easton, MD	Conservation	$1,000
EASTON VOLUNTEER FIRE DEPARTMENT Easton, MD	Support fire services	$10,250
FOR ALL SEASONS Easton, MD	Behavioral health services	$11,362
HAITI NURSING FOUNDATION Ann Arbor, MI	Nursing School	$1,000
BOYS AND GIRLS CLUB Sheldon, SC	Community support	$1,000
TALBOT HISTORICAL SOCIETY Easton, MD	Annual giving	$500

Leadership & Key People

Leadership team and compensation from IRS filings

Myron Sugarman is listed as a key contact for the foundation. Ashley Ferriello is also associated with the organization.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALEXA C SEIP	PRESIDENT	—	—
TOM D SEIP	CFO/SECRETARY	—	—

Contact Information

Address: 55 E 52nd St, New York City, NY 10055-0002

Telephone: 212-822-7691

EIN: 68-0401790

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Seip Family Foundation Limited fund?

The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from The Seip Family Foundation Limited?

**Grant Activity:** The foundation made 49 grants in 2023, with total giving of $232,961. Recent notable grants include: • Chesapeake Bay Maritime Museum: $58,750 (2023) • Darrow School: $24,505 (2023) • Cleveland Clinic Health Services Professional Association: $20,000 (2023) **Grant Range:** Typical awards range from $50 to $181,449.

Where does The Seip Family Foundation Limited make grants?

The foundation primarily funds organizations in: • Maryland • District of Columbia • South Carolina

What size grants does The Seip Family Foundation Limited award?

In 2024, The Seip Family Foundation Limited awarded 37 grants totaling $201K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Seip Family Foundation Limited required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Seip Family Foundation Limited reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Seip Family Foundation Limited's EIN?

The Seip Family Foundation Limited's EIN (Employer Identification Number) is 68-0401790. IRS Form 990 filing data is available on this page for 2020–2024.