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Future Wave Foundation is a private corporation based in REDONDO BEACH, CA. The foundation received its IRS ruling in 2020. It holds total assets of $1.9M. Annual income is reported at $233K. Total assets have decreased from $3.9M in 2020 to $1.9M in 2024. The foundation is governed by 1 officer or trustee. 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. The foundation primarily funds organizations in California, Kansas and Minnesota. According to available records, Future Wave Foundation has made 4 grants totaling $21K, with a median grant of $4K. Annual giving has grown from $5K in 2022 to $16K in 2023. Individual grants have ranged from $2K to $11K, with an average award of $5K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$8K
Average Grant
$258K
Largest Grant
$1.8M
Based on 7 grants from the most recent 990-PF filing.
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.
Future Wave Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA.
Future Wave Foundation has distributed a total of $21K across 4 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $2K to $11K.
Future Wave Foundation typically selects its grantees rather than accepting unsolicited proposals.
Future Wave Foundation is headquartered in REDONDO BEACH, CA. The foundation primarily funds organizations in California, Kansas, Minnesota.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Prabjoth Kothari | PRESIDENT | $28K | $0 | $28K |
Total Giving
N/A
Total Assets
$1.9M
Fair Market Value
N/A
Net Worth
$1.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$21K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
3
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| School StudentsCONTRIBUTION | Los Angeles, CA | $11K | 2023 |
| Sola I Can FoundationCONTRIBUTION | Los Angeles, CA | $5K | 2023 |
| Mahindra FoundationVARIOUS PURPOSES | San Jose, CA | $2K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA