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The Sandy River Charitable Foundation

Private foundation Farmington, ME srcfoundation.org Still adding venture funds

The Sandy River Charitable Foundation reports 4 venture funds, $1.5M in all.

Holdings are from its Form 990-PF return for the year ending May 31, 2025, compared with the one for May 31, 2024. That is more than a year ago: it may have added or sold funds since. Foundations file up to ten and a half months after their year ends, and the IRS publishes returns months after that. “Still adding venture funds”: its newest venture fund is a 2022 vintage, within 3 years of 2025.

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Venture funds4of 4 funds listed
In venture funds$1.5MYear-end value
New on its latest return0Not on its return for May 31, 2024
Total assets$38MYear ending May 31, 2025

Largest venture holdings

From its Form 990-PF return for the year ending May 31, 2025; “New” is a fund that wasn’t on the return before it.

Fund, as reportedManagerVintageYear-end value
Quona Opportunity FundQuona Capital Management LLC2022$1M
Coastal Ventures, LP VCoastal Investment Company, LLC2021$323K
Coastal Ventures, LP IVCoastal Investment Company, LLC—$92K
Coastal Ventures, LP IIICoastal Investment Company, LLC—$59K

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About this data

Holdings as this foundation lists them on its Form 990-PF (Part II, lines 13 and 15). Amounts are year-end fair market value, or book value where it gives no other, not commitments or returns. As of May 31, 2025; new holdings are those not on its return for the year ending May 31, 2024. Source: IRS Form 990-PF. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

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