//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Salt Water Fund is a private corporation based in LOUISVILLE, KY. The foundation received its IRS ruling in 2018. It holds total assets of $8.7M. Annual income is reported at $3.9M. Total assets have grown from $4.2M in 2018 to $8.7M in 2024. The foundation is governed by 2 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 2018 to 2024. Grantmaking is concentrated in North Carolina. According to available records, Salt Water Fund has made 38 grants totaling $14.9M, with a median grant of $108K. Annual giving has grown from $1M in 2020 to $5.5M in 2023. Grantmaking activity was highest in 2022 with $8.4M distributed across 14 grants. Individual grants have ranged from $1K to $3M, with an average award of $391K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, Kentucky, which account for 92% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$18K
Average Grant
$84K
Largest Grant
$500K
Based on 12 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.
Salt Water Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in NC, VA, KY.
Salt Water Fund has distributed a total of $14.9M across 38 grants. The median grant size is $108K, with an average of $391K. Individual grants have ranged from $1K to $3M.
Salt Water Fund typically selects its grantees rather than accepting unsolicited proposals.
Salt Water Fund is headquartered in LOUISVILLE, KY. While based in KY, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James S Mahan Iii | CHAIRMAN | $0 | $0 | N/A |
| Marguerite D Mahan | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$8.7M
Fair Market Value
N/A
Net Worth
$8.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
38
Total Giving
$14.9M
Average Grant
$391K
Median Grant
$108K
Unique Recipients
23
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of KentuckyGENERAL CONTRIBUTION | Lexington, KY | $49K | 2020 |
| Beacon EducationGENERAL CONTRIBUTION | Wilmington, NC | $2.9M | 2023 |
| Glow NcGENERAL CONTRIBUTION | Wilmington, NC | $903K | 2023 |
| Crossnore Communities For ChildrenGENERAL CONTRIBUTION | Newland, NC | $230K | 2023 |
| Collective Impact In New Hanover County IncGENERAL CONTRIBUTION | Wilmington, NC | $200K | 2023 |
| Good Shepherd Center WilmingtonGENERAL CONTRIBUTION | Wilmington, NC | $100K | 2023 |
| Ymca Of The Triangle Area IncGENERAL CONTRIBUTION | Raleigh, NC | $50K | 2023 |
| Juvenile Diabetes Research FoundationGENERAL CONTRIBUTION | New York, NY | $10K | 2023 |
| Williams Ymca Of Avery CountyGENERAL CONTRIBUTION | Linville, NC | $5K | 2023 |
| Burgwin Wright House & GardensGENERAL CONTRIBUTION | Wilmington, NC | $4K | 2023 |
| Dominican Republic Mission Team IncGENERAL CONTRIBUTION | Wilmington, CT | $2K | 2023 |
| Wilmington Area Rebuilding MinistryGENERAL CONTRIBUTION | Wilmington, NC | $400K | 2022 |
| The Carousel CenterGENERAL CONTRIBUTION | Wilmington, NC | $300K | 2022 |
| Cape Fear AcademyGENERAL CONTRIBUTION | Wilmington, NC | $250K | 2022 |
| Step Up WilmingtonGENERAL CONTRIBUTION | Wilmington, NC | $50K | 2022 |
| Camp SchreiberGENERAL CONTRIBUTION | Wilmington, NC | $30K | 2022 |
| OrphanetworkGENERAL CONTRIBUTION | Virginia Beach, VA | $250K | 2020 |
| The Crossnore SchoolGENERAL CONTRIBUTION | Crossnore, NC | $115K | 2020 |
| Camp Sea Gull SeafarerGENERAL CONTRIBUTION | Arapahoe, NC | $50K | 2020 |
| Nourish NcGENERAL CONTRIBUTION | Wilmington, NC | $25K | 2020 |
| Young LifeGENERAL CONTRIBUTION | Prescott, AZ | $1K | 2020 |
| Dreams Of WilmingtonGENERAL CONTRIBUTION | Wilmington, NC | $1K | 2020 |
| Ymca Of Southeastern North CarolinaGENERAL CONTRIBUTION | Wilmington, NC | $1K | 2020 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY