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California · Private foundation

Project Bluewater Racing

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$66k
Granted FY2024(still arriving)
7
Grants FY2024
1
Organizations funded FY2023
100%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$10,000
Largest grant, FY2024
$20,000
Organizations funded a year
1 to 7
FY2017 to FY2023
States reached, FY2024
3
Total assets, FY2024
$706k
Applications
Preselected organizations only
Per its most recent filing; check its own site

How open it is to new grantees

In FY2023, 100% of the organizations Project Bluewater Racing funded were first-time grantees, receiving 100% of its grant dollars.

New vs renewed · share of each year

In FY2023, 0% of grant dollars renewed an existing relationship; $20k went to new ones.

50%100%’18’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23
HealthEducationOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving7$66k86%
FY20231$20k100%
FY20223$53k100%
FY20215$71k100%
FY20203$45k100%
FY20196$74k83%
FY20187$70k100%
FY20173$28kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$306kEducation$45kEnvironment$25kScience & Tech$24kArts & Culture$17kRecreation & Sports$10k

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

IL
NY
OH
PA
RI
CA
OK
AL
GA

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Georgia Tech Research Corporation$20,00020%
Clean Oceans International$20,000114%
Villanova University$15,00010%
Rush University Medical Center$14,72510%
Herreshoff Marine Museum$12,00011%
Winifred Masterson Burke Medical Research$10,00010%
University of the Pacific$10,00010%
Cortez Racing Association$10,00019%
Hearing Health Foundation$10,00010%
The Board of Trustees of the University of Illinois$10,0001n/a
Show all 13 grantees
All grantees of Project Bluewater Racing by total granted
GranteeTotal grantedYearsShare of their budget
Georgia Tech Research Corporation$20,00020%
Clean Oceans International$20,000114%
Villanova University$15,00010%
Rush University Medical Center$14,72510%
Herreshoff Marine Museum$12,00011%
Winifred Masterson Burke Medical Research$10,00010%
University of the Pacific$10,00010%
Cortez Racing Association$10,00019%
Hearing Health Foundation$10,00010%
The Board of Trustees of the University of Illinois$10,0001n/a
Georgia Institute of Technology$10,0001n/a
Ocean Voyages Institute$5,00011%
Samuel Lawrence Foundation$5,00012%

Plus 20 recipients with no EIN on record ($275k), not named here.

Where it is load-bearing

Each grantee by its size and the share of its budget Project Bluewater Racing supplied at peak.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetGeorgia Tech Research Corporation: $20,000 over 2y, 0.0% of budgetClean Oceans International: $20,000 over 1y, 14% of budgetVillanova University: $15,000 over 1y, 0.0% of budgetRush University Medical Center: $14,725 over 1y, 0.0% of budgetHerreshoff Marine Museum: $12,000 over 1y, 0.7% of budgetWinifred Masterson Burke Medical Research: $10,000 over 1y, 0.1% of budgetUniversity of the Pacific: $10,000 over 1y, 0.0% of budgetCortez Racing Association: $10,000 over 1y, 9.3% of budgetHearing Health Foundation: $10,000 over 1y, 0.4% of budgetOcean Voyages Institute: $5,000 over 1y, 0.9% of budgetSamuel Lawrence Foundation: $5,000 over 1y, 1.7% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 11.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Fidelity Investments Charitable Gift FundMA4.7× affinity4 shared granteesties to 1 of 1Hover any node to trace its alignments.Compare side by side →

Open a dossier: Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare Project Bluewater Racing with peer funders

About Project Bluewater Racing

How much does Project Bluewater Racing give?
Project Bluewater Racing reported 7 grants totaling $66,000 in its FY2024 IRS filing. It funded between 1 and 7 organizations a year over FY2017 to FY2023.
What does Project Bluewater Racing fund?
By grant dollars over FY2017 to FY2024, its largest causes are Health (72%), Education (11%), Environment (6%).
Who are Project Bluewater Racing's largest grantees?
By total granted over FY2017 to FY2024: Georgia Tech Research Corporation ($20k), Clean Oceans International ($20k), Villanova University ($15k).
Does Project Bluewater Racing fund new organizations?
In FY2023, 100% of the organizations it funded were first-time grantees.
Does Project Bluewater Racing accept unsolicited applications?
Its most recent filing reports that it funds preselected organizations and does not take unsolicited requests. Check the foundation's own site before ruling it out.
Which funders back the same organizations as Project Bluewater Racing?
Its strongest co-funders, measured against what their size predicts, include Fidelity Investments Charitable Gift Fund, Amazonsmile Foundation.
Where is Project Bluewater Racing based?
Project Bluewater Racing is based in CA.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 33 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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