The Ocean Foundation
As the only community foundation for the ocean, The Ocean Foundation's mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect all peoples in the communities in which we work to the informational, technical and financial resources they need to achieve their ocean stewardship goals.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$23.2M
+27.2% YoY
Annual Giving
—
-100.0% YoY
Grant Count
0
-100.0% YoY
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,212,933 | $18,251,302 | $16,715,684 |
| Revenue | $18,847,028 | $15,185,892 | $11,796,534 |
| Expenses | $18,826,931 | $15,947,473 | $11,541,472 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $142,632 | $43,246 | $6,042 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Ocean Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elliot S Cafritz | Chairman | 1 | — |
| Mark J Spalding | President | 40 | $361,013 |
| Olha Krushelnytska | Treasurer | 1 | — |
| Russell F Smith | Secretary | 1 | — |
| Angel E Braestrup | Board Member | 1 | — |
| Thomas Brigandi | Board Member | 1 | — |
| Patrick Flynn | Board Member | 1 | — |
| Joshua Ginsberg | Board Member | 1 | — |
| Rolando Morillo | Board Member | 1 | — |
| Imani Fairweather Morrison | Board Member | 1 | — |
| Lumay Wang Murphy | Board Member | 1 | — |
| Denise Naguib | Board Member | 1 | — |
| Ed Tillinghast III | Board Member | 1 | — |
| Karen Thorne | Board Member | 1 | — |
| Lisa Volgenau | Board Member | 1 | — |
| Shana Miller | Program Director | 40 | $158,237 |
| Tamika Washington | Finance & Operations Director | 40 | $154,515 |
| Kate Morrison | Strategic Partnerships Director | 40 | $150,277 |
| Andrea Capuro | Chief of Program | 40 | $137,200 |
| Bobbi-Jo Dobush | Legal & Ocean Governance Officer | 40 | $129,073 |
| Fernando Bretos | Program Officer | 40 | $126,203 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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