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Blue Water Foundation is a private corporation based in MINNETONKA, MN. The foundation received its IRS ruling in 2021. It holds total assets of $7.1M. Annual income is reported at $370K. Total assets have grown from N/A in 2020 to $7.1M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Blue Water Foundation has made 16 grants totaling $363K, with a median grant of $3K. Annual giving has grown from $113K in 2022 to $250K in 2023. Individual grants have ranged from $500 to $200K, with an average award of $23K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in Ohio and Nevada and Minnesota. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Blue Water Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in OH, NV, MN.
Blue Water Foundation has distributed a total of $363K across 16 grants. The median grant size is $3K, with an average of $23K. Individual grants have ranged from $500 to $200K.
Blue Water Foundation typically selects its grantees rather than accepting unsolicited proposals.
Blue Water Foundation is headquartered in MINNETONKA, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Sabes | PRESIDENT | $0 | $0 | N/A |
| Steven Sabes | DIRECTOR | $0 | $0 | N/A |
| Ross Sabes | DIRECTOR | $0 | $0 | N/A |
| Jon Sabes | DIRECTOR | $0 | $0 | N/A |
| Janet Sabes | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$7.1M
Fair Market Value
N/A
Net Worth
$7.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
16
Total Giving
$363K
Average Grant
$23K
Median Grant
$3K
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Cleveland Clinic FoundationGENERAL SUPPORT | Independence, OH | $200K | 2023 |
| Torah Learning CenterGENERAL SUPPORT | Las Vegas, NV | $41K | 2023 |
| Minnesota HillelGENERAL SUPPORT | Minneapolis, MN | $5K | 2023 |
| River Valley Christian Church IncGENERAL SUPPORT | Lake Elmo, MN | $3K | 2023 |
| Allina Health Cancer InstituteGENERAL SUPPORT | Minneapolis, MN | $1K | 2023 |
| The Minnesota Golf FoundationGENERAL SUPPORT | Edina, MN | $500 | 2023 |
| Touro University NevadaGENERAL SUPPORT | Henderson, NV | $5K | 2022 |
| Adath Jeshurun CongregationGENERAL SUPPORT | Minnetonka, MN | $3K | 2022 |
| Lake Minnetonka AssociationGENERAL SUPPORT | Excelsior, MN | $500 | 2022 |
| Artreach St CroixGENERAL SUPPORT | Stillwater, MN | $500 | 2022 |