The Trustees of Sailors' Snug
The Trustees of Sailors' Snug is a private foundation focused on Human Services, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65.3M in total assets. In 2024, it awarded 1 grant totaling $1.8M. Net investment income was $6.9M.
The Trustees of Sailors' Snug at a glance
In short: The Trustees of Sailors' Snug gave $1.8M across 1 grant in 2024 (avg $1.8M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,779,541
- +6.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,779,541
- +6.7% vs 2023
- Median grant
- $1,779,541
- Total assets
- $65,278,236
- +6.3% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Trustees of Sailors' Snug funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Mariners ($1.8M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Trustees of Sailors' Snug gives
- Giving held roughly steady from 2021 to 2024 (−2%). 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 2020 to 2024, annual grant giving ranged from $1.4M (2020) to $1.8M (2021). In 2024 it made 1 grant totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mariners New York, NY | Charitable payments made for living and other expenses on behalf of qualifying beneficiaries | $1,779,541 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $65,278,236 | $6,658,489 | $2,357,275 | $1,779,541 | 1 | $2,173,381 | $6,918,473 |
| 2023 | $61,395,541 | $1,158,644 | $2,180,716 | $1,668,085 | 1 | $1,957,941 | $1,114,821 |
| 2022 | $56,290,502 | $1,158,511 | $2,147,638 | $1,710,493 | 1 | $2,118,255 | $1,289,631 |
| 2021 | $69,759,827 | $3,177,703 | $2,320,370 | $1,814,239 | 1 | $2,157,278 | $6,419,600 |
| 2020 | $61,328,793 | $1,714,082 | $1,818,332 | $1,414,339 | 1 | — | $2,026,368 |
Leadership & Key People
Officers and directors from IRS filings
The Trustees of Sailors' Snug is led by Captain Timothy J. Ferrie, Trustee & President on every filing since 2020; all 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Captain Timothy J. Ferrie
Trustee & President
On filings since 2020
2.5 hrs/week
$3K (2020) → $2K (2024)
Joseph J. Brooks
Executive Director & Governor
New on the 2024 filing
45 hrs/week
$127K (2024)
Captain James McNamara
Trustee
On filings since 2020
1.5 hrs/week
$3K (2020) → $3K (2024)
Captain Steven Bendo
Trustee & Treasurer
Trustee, Secretary & Treasurer → Trustee & Treasurer, 2021
On filings since 2020
2.5 hrs/week
$3K (2020) → $3K (2024)
Greg Stovell
Trustee & Secretary
Trustee → Trustee & Secretary, 2022
On filings since 2020
2 hrs/week
$400 (2020) → $3K (2024)
Veronica M. Sullivan
Trustee
On filings since 2020
1.5 hrs/week
$3K (2020) → $3K (2024)
Doug Kruse
Trustee
Trustee - → Trustee, 2023
On filings since 2022
1.5 hrs/week
$1K (2022) → $3K (2024)
Doug Stevenson
Trustee
On filings since 2023
1.5 hrs/week
$3K (2024)
Former officers (1)
- Former: Raymond J. Burke Jr. (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $127K, to Joseph J Brooks (Executive Director/Governor). 8 officers or directors reported compensation on that filing.
Frequently asked questions about The Trustees of Sailors' Snug
How much does The Trustees of Sailors' Snug give each year?
The Trustees of Sailors' Snug gave $1.8M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 1 grant.
How large is The Trustees of Sailors' Snug?
The Trustees of Sailors' Snug reported $65.3M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $6.7M.
What is The Trustees of Sailors' Snug?
The Trustees of Sailors' Snug is a private foundation focused on Human Services, based in New York, NY. It holds $65.3M in total assets as of 2024.
Where does The Trustees of Sailors' Snug operate?
The Trustees of Sailors' Snug has awarded grants in New York.
What is The Trustees of Sailors' Snug's EIN?
The Trustees of Sailors' Snug's EIN (Employer Identification Number) is 13-5562398. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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