WLC and SBC Family Foundation
WLC and SBC Family Foundation is a private foundation based in New York, NY. In its 2025 filing, it reported giving $43,000 through 10 grants to preselected charitable organizations.
Key facts about WLC and SBC Family Foundation
In short: WLC and SBC Family Foundation gave $43K across 10 grants in 2025 (avg $4K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 26-1291625
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $43,000
- Grants made (2025)
- 10
- Average grant
- $4,300
- Median grant
- $1,000
- Total assets
- $491,476
- Primary geography
- New York (71% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$491K
+3.2% YoY
Annual Giving
$43K
-79.6% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$4K
-83.7% YoY
Under IRS private-foundation payout rules, WLC and SBC Family Foundation reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
How WLC and SBC Family Foundation gives
- 70% of 2025 grantees were also funded in 2024. Method
- Giving grew 28% from 2022 to 2025. Method
- In 2025 it paid out 155% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its 2025 grants included support for school operations, an athletic scholarship fund, a community center, health care, affordable housing, and a public library.
The grantees describe their work in their own terms: Greenwich Academy says it provides a challenging educational experience for girls and young women; Millbrook School says it prepares students for college and lives of meaning and consequence; and the Fishers Island Community Center says it offers cultural, educational, athletic, and social activities for island residents. Other recipients describe work supporting health care for Fishers Island residents, affordable housing, and a local public library.
Grantmaking
In 2025, the foundation made 10 grants totaling $43,000. Grants ranged from $500 to $25,000, with a median grant of $1,000.
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Geographic Focus
Where this funder awards grants
The 2025 grant dollars went primarily to recipients in New York (71%) and Connecticut (26%), with 2% going to Massachusetts and 1% to Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $34K (2022) to $211K (2024). In 2025 it made 10 grants totaling $43K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Millbrook School - Annual Fund ($25K). Together the top 10 received $43K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 36 grants of 38 (95%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Millbrook School - Annual Fund Millbrook, NY | Operations | $25,000 |
| Greenwich Academy Greenwich, CT | Moe Tarrant Athletic Scholarship Fund | $10,000 |
| Millbrook School Millbrook, NY | Operations. | $2,000 |
| Williams College Williamstown, MA | Operations. | $1,000 |
| Island Health Project Fishers Island, NY | Operations. | $1,000 |
| The Brunswick School Robert Crosby Greenwich, CT | Robert Crosby Society | $1,000 |
| Fishers Island Community Center Fishers Island, NY | Operations | $1,000 |
| Walsh Park Benevolent Corporation Fishers Island, NY | Operations | $1,000 |
| University of the South Sewanee, TN | Operations | $500 |
| Fishers Island Library Association Fishers Island, NY | Operations | $500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2025 | $491,476 | $70,347 | $55,316 | $43,000 | 10 |
| 2024 | $476,445 | $5,745 | $222,391 | $211,000 | 8 |
| 2023 | $695,790 | $26,430 | $49,038 | $40,000 | 9 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $491,476 | $476,445 | $695,790 |
| Revenue | $70,347 | $5,745 | $26,430 |
| Expenses | $55,316 | $222,391 | $49,038 |
| Qualifying Distributions | $43,000 | $211,000 | $40,000 |
| Net Investment Income | $58,214 | $7,160 | $17,392 |
| Distributable Amount | $27,823 | $34,889 | $34,223 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Peter R Chapman and Susan Chapman as trustees, and Kenneth R Asher as secretary.
WLC and SBC Family Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Peter R Chapman
Trustee
On filings since 2020
No compensation reported
Susan Chapman
Trustee
On filings since 2020
No compensation reported
Kenneth R Asher
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: C/O Brown Rudnick 7 Times Sq 47 Fl, New York, NY 10036
Phone: (203) 273-8452
Frequently asked questions about WLC and SBC Family Foundation
How much does WLC and SBC Family Foundation give each year?
WLC and SBC Family Foundation gave $43K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $211K across 8 grants.
What is WLC and SBC Family Foundation's typical grant size?
WLC and SBC Family Foundation's median grant in 2025 was $1,000, and its average grant was $4,300, across 10 grants on its 2025 IRS Form 990-PF.
Where does WLC and SBC Family Foundation give grants?
WLC and SBC Family Foundation gives mostly in New York: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (26%). The most frequent recipient cities were Fishers Island, NY (4 grants), Millbrook, NY (2 grants) and Greenwich, CT (2 grants).
Does WLC and SBC Family Foundation give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on WLC and SBC Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations." (8 grants).
Who are WLC and SBC Family Foundation's largest grantees?
WLC and SBC Family Foundation's largest 2025 grantees include Millbrook School - Annual Fund ($25,000), Greenwich Academy ($10,000) and Millbrook School ($2,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is WLC and SBC Family Foundation?
WLC and SBC Family Foundation reported $491K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).
What does WLC and SBC Family Foundation fund?
No foundation mission statement is provided. Its 2025 grants included support for school operations, an athletic scholarship fund, a community center, health care, affordable housing, and a public library. See mission & focus areas ↑
How do I apply for a grant from WLC and SBC Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is WLC and SBC Family Foundation's EIN?
WLC and SBC Family Foundation's EIN (Employer Identification Number) is 26-1291625. IRS Form 990 filing data is available on this page for 2020–2025.
Does WLC and SBC Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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