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Water Cove Charitable Foundation is a private corporation based in NAPLES, FL. The foundation received its IRS ruling in 2000. The principal officer is % Ayco Co Lpnational Tax Gro. It holds total assets of $16.2M. Annual income is reported at $5.3M. PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT,BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. According to available records, Water Cove Charitable Foundation has made 45 grants totaling $1.7M, with a median grant of $2K. Annual giving has decreased from $1.1M in 2020 to $544K in 2022. Individual grants have ranged from $265 to $1.1M, with an average award of $37K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in New York, Florida, Pennsylvania, which account for 51% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT,BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. Based on available records, the foundation has funded 45 grants. Its grantmaking reaches organizations primarily in NY, FL, PA.
Water Cove Charitable Foundation has distributed a total of $1.7M across 45 grants. The median grant size is $2K, with an average of $37K. Individual grants have ranged from $265 to $1.1M.
Water Cove Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Water Cove Charitable Foundation is headquartered in NAPLES, FL. While based in FL, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kimberlie T Sachs | TRUSTEE | $0 | $0 | $0 |
| Bruce I Sachs | TRUSTEE | $0 | $0 | $0 |
Total Giving
$1.4M
Total Assets
$14M
Fair Market Value
$17.1M
Net Worth
$14M
Grants Paid
$1.3M
Contributions
$877K
Net Investment Income
$2.3M
Distribution Amount
$691K
Total Grants
45
Total Giving
$1.7M
Average Grant
$37K
Median Grant
$2K
Unique Recipients
23
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Diabetes AssociationPROGRAM SUPPORT | Merrifield, VA | $10K | 2022 |
| National Ms SocietyPROGRAM SUPPORT | New York, NY | $155K | 2022 |
| American Red CrossPROGRAM SUPPORT | Fort Myers, FL | $25K | 2022 |
| Bucknell UniversityPROGRAM SUPPORT | Lewisburg, PA | $25K | 2022 |
| YearupPROGRAM SUPPORT | Boston, MA | $10K |
CARMEL VALLEY, CA
NEW YORK, NY
BATON ROUGE, LA
WELLINGTON, FL
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
| 2019 | 990PF | View |
| 2022 |
| American Heart AssociationPROGRAM SUPPORT | Dallas, TX | $10K | 2022 |
| Dana Farber Cancer InstitutePROGRAM SUPPORT | Naples, FL | $10K | 2022 |
| The Boston HomePROGRAM SUPPORT | Boston, MA | $10K | 2022 |
| Jimmy Fund - Harrin ZievePROGRAM SUPPORT | Naples, FL | $3K | 2022 |
| Jimmy Fund - Jacalyn LesserPROGRAM SUPPORT | Naples, FL | $3K | 2022 |
| The Salvation ArmyPROGRAM SUPPORT | Lutz, FL | $2K | 2022 |
| Starability FoundationPROGRAM SUPPORT | Naples, FL | $2K | 2022 |
| Dfci - Pan Mass Challenge - Bruce CohenPROGRAM SUPPORT | Naples, FL | $1K | 2022 |
| Boys And Girls Club Of Collier CountyPROGRAM SUPPORT | Naples, FL | $1K | 2022 |
| Alzheimers AssociationPROGRAM SUPPORT | Waltham, MA | $1K | 2022 |
| Harry Chapin Food BankPROGRAM SUPPORT | Fort Myers, FL | $1K | 2022 |
| Orr'S Bailey Island Fire DeptPROGRAM SUPPORT | Orrs Island, ME | $1K | 2022 |
| Pine Street InnPROGRAM SUPPORT | Boston, MA | $1K | 2022 |
| Greater Boston Food BankPROGRAM SUPPORT | Boston, MA | $518 | 2022 |
| Holbrook Community FoundationPROGRAM SUPPORT | Harpswell, ME | $500 | 2022 |
| Harpswell Santa FundPROGRAM SUPPORT | Harpswell, ME | $500 | 2022 |
| Orr'S Island SchoolhousePROGRAM SUPPORT | Orrs Island, ME | $265 | 2022 |
| See Attached ListFor general charitable purposes | Albany, NY | $1.1M | 2020 |
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