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Otter Cove Foundation is a private corporation based in CARMEL, CA. The foundation received its IRS ruling in 1998. The principal officer is % Peter Read. It holds total assets of $9.4M. Annual income is reported at $1.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Otter Cove Foundation has made 36 grants totaling $1.9M, with a median grant of $33K. Annual giving has grown from $300K in 2020 to $465K in 2023. Grantmaking activity was highest in 2022 with $920K distributed across 16 grants. Individual grants have ranged from $5K to $100K, with an average award of $53K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in California and Oregon and Virginia. Contributions to this foundation are tax-deductible.
Otter Cove Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in CA, OR, VA.
Otter Cove Foundation has distributed a total of $1.9M across 36 grants. The median grant size is $33K, with an average of $53K. Individual grants have ranged from $5K to $100K.
Otter Cove Foundation typically selects its grantees rather than accepting unsolicited proposals.
Otter Cove Foundation is headquartered in CARMEL, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gilan M Read | DIRECTOR/CFO | $55K | $0 | $55K |
| James P Read Jr | PRESIDENT | $0 | $0 | $0 |
| Mark Plumley | Secretary | $0 | $0 | $0 |
| Megan G Lindberg | DIRECTOR | $0 | $0 | $0 |
Total Giving
$537K
Total Assets
$8.5M
Fair Market Value
$12.9M
Net Worth
$8.5M
Grants Paid
$465K
Contributions
$0
Net Investment Income
$606K
Distribution Amount
$579K
Total Grants
36
Total Giving
$1.9M
Average Grant
$53K
Median Grant
$33K
Unique Recipients
13
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Marine Mammal CenterMarine mammal rescue and rehabilitation, research and education | Sausalito, CA | $100K | 2023 |
| Think WildThink Wild provides a wildlife support system in Central Oregon | Bend, OR | $100K | 2023 |
| Robert Louis Stevenson SchoolTO SUPPORT THE ADVANCEMENT OF EDUCATION | Pebble Beach, CA | $100K | 2023 |
| The Spca Of Monterey CountyTO PROVIDE FOR A MORE SECURE FUTURE FOR THE WELL-BEING OF HUMANS AND ANIMALS ALIKE | Monterey, CA | $70K | 2023 |
| Meals On Wheels Of The Monterey PenEmpower and support seniors, disabled adults and veterans with nourishment so they may remain independent. Supporting those in need with food delivered. |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Pacific Grove, CA |
| $25K |
| 2023 |
| Xenophon Therapeutic Riding CenterTO PROVIDE THERAPY FOR HANDICAPPED INDIVIDUALS THROUGH DIRECT INTERACTION WITH HORSES | Orinda, CA | $25K | 2023 |
| California Ocean Science TrustScience accelerating progress for a healthy coast and ocean | Sacramento, CA | $20K | 2023 |
| Cal Polytechnic State UniversityTo support athletic scholarship program | San Luis Obispo, CA | $20K | 2023 |
| Peace Of Mind Dog RescueRescuing and advocating for senior dogs and people on the CA Central Coast | Pacific Grove, CA | $5K | 2023 |
| All Saint Episcopal Day SchoolTO SUPPORT THE ADVANCEMENT OF EDUCATION | Carmel, CA | $100K | 2022 |
| Sweet Briar CollegeTo support the advancement of education | Sweet Briar, VA | $20K | 2022 |
| California Rangeland TrustConservation of Rangeland in California | Sacramento, CA | $20K | 2022 |
| Animal Assisted HappinessTo enrich the lives of youth with needs through barnyard animal interactions | Sunnyvale, CA | $10K | 2022 |
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