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Waterproof Foundation Inc. is a private corporation based in W LAKE HILLS, TX. The foundation received its IRS ruling in 2011. The principal officer is Will Johnson. It holds total assets of $1.8M. Annual income is reported at $194K. Total assets have grown from $1.6M in 2011 to $2.2M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Waterproof Foundation Inc. has made 127 grants totaling $2.4M, with a median grant of $5K. The foundation has distributed between $437K and $1.1M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 54 grants. Individual grants have ranged from $1K to $305K, with an average award of $19K. The foundation has supported 38 unique organizations. The foundation primarily supports organizations in North Carolina, Texas, New York, which account for 78% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$18K
Largest Grant
$300K
Based on 24 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.
Waterproof Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 127 grants. Its grantmaking reaches organizations primarily in NC, TX, NY.
Waterproof Foundation Inc. has distributed a total of $2.4M across 127 grants. The median grant size is $5K, with an average of $19K. Individual grants have ranged from $1K to $305K.
Must meet the definition within internal revenue code 501(c)(3).
Waterproof Foundation Inc. is headquartered in W LAKE HILLS, TX. While based in TX, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Reginald Hargrove | SECRETARY | $0 | $0 | N/A |
| Patrick Chalmers | TREASURER | $0 | $0 | N/A |
| Elizabeth Scott Loewenbaum | CHAIRMAN AND VP | $0 | $0 | N/A |
| Anna Loewenbaum Hargrove | PRESIDENT | $0 | $0 | N/A |
Total Giving
$450K
Total Assets
$2.2M
Fair Market Value
$2.4M
Net Worth
$2.2M
Grants Paid
$439K
Contributions
N/A
Net Investment Income
$93K
Distribution Amount
$131K
Total: $1.2M
Total Grants
127
Total Giving
$2.4M
Average Grant
$19K
Median Grant
$5K
Unique Recipients
38
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Miracle FoundationSOCIAL WELFARE | Austin, TX | $10K | 2023 |
| Unc-Chapel HillEDUCATION | Chapel Hill, NC | $200K | 2023 |
| UatxEDUCATION | Austin, TX | $100K | 2023 |
| Heartgift FoundationMEDICAL TREATMENT | Austin, TX | $15K | 2023 |
| St Andrew'S Episcopal SchoolEDUCATION | Austin, TX | $13K | 2023 |
| Austin Community FoundationSOCIAL WELFARE | Austin, TX | $10K | 2023 |
| Hillsdale CollegeEDUCATION | Hillsdale, MI | $10K | 2023 |
| Cleveland ClinicMEDICAL TREATMENT | Cleveland, OH | $10K | 2023 |
| Feed The Hungry San Miguel IncPROVIDE FOOD, EDUCATION AND COMMUNITY DEVELOPMENT | Laredo, TX | $10K | 2023 |
| Md AndersonMEDICAL RESEARCH | Houston, TX | $10K | 2023 |
| Texas Wildlife Association FoundationWILDLIFE CONSERVATION | New Braunfels, TX | $10K | 2023 |
| Kipp Austin Public SchoolsEDUCATION | Austin, TX | $5K | 2023 |
| The Seton FundMEDICAL TREATMENT | Austin, TX | $5K | 2023 |
| Pease Park ConservancyPARK CONSERVATION | Austin, TX | $5K | 2023 |
| Wonders & WorriesCOUNSELING AND BEREAVEMENT SUPPORT | Austin, TX | $5K | 2023 |
| Dubin Breast Cancer CenterMEDICAL RESEARCH | New York, NY | $5K | 2023 |
| Memorial Sloan Kettering Cancer CenterMEDICAL TREATMENT AND RESEARCH | New York, NY | $5K | 2023 |
| WayaEDUCATION/SOCIAL WELFARE | Austin, TX | $3K | 2023 |
| The Episcopal Church Of The Good ShepherdRELIGIOUS | Austin, TX | $3K | 2023 |
| University Of Montana FoundationEDUCATION | Missoula, MT | $2K | 2023 |
| Flathead LakersWATER CONSERVATION | Polson, MT | $1K | 2023 |
| Foundation For Individual Rights And ExpressionEDUCATIONAL | Philadelphia, PA | $1K | 2023 |
| Hillside Early Childhood CenterEDUCATION | Austin, TX | $1K | 2023 |
| Explore AustinLEADERSHIP, MENTORING | Austin, TX | $1K | 2023 |
| International Rescue CommitteeHUMANITARIAN ASSISTANCE | New York, NY | $100K | 2022 |
| LedaEDUCATION | New York, NY | $10K | 2022 |
| Red ArenaTHERAPY | Dripping Springs, TX | $5K | 2022 |