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Project Bluewater Racing at a glance

· 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 FY2024still arriving
7
Grants FY2024still arriving
3
States reached
$20k
Largest
01What it fundsRead
02The needRead
03Its fieldRead
01What it funds
01100% 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
02FY2024 · 7 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k3 grants · $14k
  • $10k–50k4 grants · $52k
$10,000
Median grant
3
States reached
$706k
Total assets
Largest grants
RecipientAmount
CLEAN OCEANS INTERNATIONAL$20,000
HERRSHOFF MARINE MUSEUM$12,000
GEORGIA TECH RESEARCH CORPORATION$10,000
CORTEZ RACING ASSOCIATION$10,000
SAMUEL LAWRENCE FOUNDATION$5,000
OCEAN VOYAGES INSTITUTE$5,000
WALTER MUNK FOUNDATION$4,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

US giving: 68% of grant dollars ($289k). The need read here covers only this US portion; the 32% that went abroad ($138k) is mapped below.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 70% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%VILLANOVA UNIVERSITY: $15k → 10%OCEAN VOYAGES INSTITUTE: $5k → 8%WALTER MUNK FOUNDATION: $4k → 11%UNIVERSITY OF THE PACIFIC: $10k → 12%CLEAN OCEANS INTERNATIONAL: $20k → 13%BURKE NEUROLOGICAL INSTITUTE ATTN VICTOR WONG PHD: $10k → 9%HEARING HEALTH FOUNDATION: $10k → 17%AUBURN UNIVERSITY: $8k → 15%PELIN KOCDOR MD BASKENT UNIVERSITY TURKEY: $18k → 9%HERRSHOFF MARINE MUSEUM: $12k → 7%BRIAN M MCDERMOTT JR PHD CASE WESTERN RESERVE UNIVERSITY: $20k → 17%NORTHERN ILLINOIS UNIVERSITY: $10k → 13%RUSH UNIVERSITY MEDICAL CENTER: $15k → 14%SAMUEL LAWRENCE FOUNDATION: $5k → 11%BURKE MEDICAL RESEARCH INSTITUTE: $10k → 9%MATTHEW J WILSON PHD NORTHERN ILLINOIS UNIVERSITY: $525 → 13%CORTEZ RACING ASSOCIATION: $10k → 11%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

IL
NY
OH
PA
RI
CA
OK
AL
GA

Beyond the US: 32% of all-years giving ($138k)

6 countries, by the recipient’s country on the filing.

grant dollars sentlessmore
Australia$40k · 2 grants
Italy$35k · 3 grants
Israel$20k · 1 grant
Turkey$18k · 1 grant
Canada$14k · 2 grants
Sweden$10k · 1 grant
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. International giving is mapped by the recipient’s country from the same 990 filings; comparable need data isn’t available at that grain.
04

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 6% of Project Bluewater Racing’s grant dollars are earmarked for a different county than the recipient’s own address. By recipient address, 13% of the giving stays in CA; by stated purpose, 10%.

Project Bluewater Racinglessmore of its giving
Placed by recipient address · 35% directed abroad (not shown)
How this is measured
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.
03Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Schmidt Ocean Institute
Science & Tech
2
Marine Biological Laboratory

The Marine Biological Laboratory (MBL) is a world-renowned center for biological discovery and training that is notably affiliated with more than 60 Nobel Prize winners. Research is conducted by full-time faculty as well as hundreds of the…

Science & Tech
3
William Marsh Rice University

As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to path breaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this…

Education
4
The Coral Reef and Marine Science Foundation Inc C/O James Bildner
—
5
United States Naval Institute

Provide an independent forum for those who dare to read, think, speak, and write to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

—
6
Monterey Bay Aquarium Research Institute
—
7
Trustees of Dartmouth College

Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge.

Education
8
California Institute for BioMedical Research

Our mission is to build a unique institute that bridges basic research and drug discovery, and that attracts the best and brightest scientists, physicians and students to work together synergistically to find cures for neglected human…

—
9
University of Miami

See Form 990, Part I, Line 1, Description of Organization Mission.

Education
10
Ocean Genome Atlas Project

The Ocean Genome Atlas Project OGAP aims to collect, classify, sequence and map the genomic information of organisms representing at least 80 of the extant marine species worldwide. Deploying a fleet of advanced but cost effective research…

Science & Tech
11
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
12
Vanderbilt University

See Disclosure Above.

Education
How this is measured
The grantee most central to the portfolio’s shape is University of the Pacific; the most unlike its peers is Cortez Racing Association. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
05the grantee network

11 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 11 of the 33 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
2
Early backer (in before they grew)
11/11
Grantees still filing
7/11
Grew since first funded

Where the money sits, by cause and then by grantee

BRIAN M MCDERMOTT JR PHD CASE WESTERN RESERVE UNIVERSITY: $20,000 · OtherBRIAN M MCDERMOTT JR PHD CASE WESTERN RESERVE UNIVERSITYSAAD M BHAMLA PHD GEORGIA TECH RESEARCH CORPORATION: $20,000 · OtherSAAD M BHAMLA PHD GEORGIA TECH RESEARCH CORPORATIONTEL AVIV UNIVERSITY ATTN KAREN AVRAHAM PHD: $20,000 · OtherTEL AVIV UNIVERSITY ATTN KAREN AVRAHAM PHDMACQUARIE UNIVESITY NSW AUSTRALIA ATT MRIDULA SHARMA PHD: $20,000 · OtherMACQUARIE UNIVESITY NSW AUSTRALIA ATT MRIDULA SHARMA PHDCHRISTOPHER WATERWORTH PHD THE UNIVERSITY OF MELBOURNE AUSTRALIA: $20,000 · OtherCHRISTOPHER WATERWORTH PHD THE UNIVERSITY OF MELBOURNE AUSTRALIASAAD M BHAMLA PHD GEORGIA TECH UNIVERSITY: $20,000 · OtherSAAD M BHAMLA PHD GEORGIA TECH UNIVERSITYVIBHUTI AGRAHARI PHD UNIVERSITY OF OKLAHOMA: $20,000 · OtherVIBHUTI AGRAHARI PHD UNIVERSITY OF OKLAHOMAPELIN KOCDOR MD BASKENT UNIVERSITY TURKEY: $18,390 · OtherPELIN KOCDOR MD BASKENT UNIVERSITY TURKEYJOHN HOPKINS UNIVERSITY SCHOOL OF MEDICINE ATT DANIEL Q SUN MD: $15,000 · OtherALESSIA PAGLIALONGA PHD NATIONAL RESEARCH COUNCIL OF ITALY: $15,000 · OtherUNIVERSITY OF OTTAWA: $14,197 · OtherVALERIO MAGNAGHI PHD UNIVERSITY OF MILAN: $10,000 · OtherKAROLINSKA INSTITUTET: $10,000 · OtherUNIVERSITA DEGLI STUDI DI MILANO: $10,000 · OtherNORTHERN ILLINOIS UNIVERSITY: $10,000 · OtherTHE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS: $10,000 · OtherSTATE UNIV OF NEW YORK (SUNY) AT BUFFALO ATTN SOROUSH SADEGHI MD PH: $10,000 · OtherBURKE NEUROLOGICAL INSTITUTE ATTN VICTOR WONG PHD: $10,000 · OtherGEORGIA INSTITUTE OF TECHNOLOGY: $10,000 · Other+4 more: $17,275 · Other+4 moreGEORGIA TECH RESEARCH CORPORATION: $20,000 · HealthGEORGIA TECH R…Rush University Medical Center: $14,725 · HealthRush Universit…Winifred Masterson Burke Medical Research: $10,000 · HealthWinifred Maste…HEARING HEALTH FOUNDATION: $10,000 · HealthHEARING HEALTH…VILLANOVA UNIVERSITY: $15,000 · EducationUniversity of the Pacific: $10,000 · EducationCLEAN OCEANS INTERNATIONAL: $20,000 · Science & TechHERRESHOFF MARINE MUSEUM: $12,000 · Arts & CultureSAMUEL LAWRENCE FOUNDATION: $5,000 · Arts & CultureCORTEZ RACING ASSOCIATION: $10,000 · Recreation & Sports
Other$299,862Health$54,725Education$25,000Science & Tech$20,000Arts & Culture$17,000Recreation & Sports$10,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

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
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds GEORGIA TECH RESEARCH CORPORATION ↗
  • Who funds CLEAN OCEANS INTERNATIONAL ↗
  • Who funds VILLANOVA UNIVERSITY ↗
  • Who funds Rush University Medical Center ↗
  • Who funds HERRESHOFF MARINE MUSEUM ↗
  • Who funds Winifred Masterson Burke Medical Research ↗
  • Who funds University of the Pacific ↗
  • Who funds CORTEZ RACING ASSOCIATION ↗
  • Who funds HEARING HEALTH FOUNDATION ↗
  • Who funds Ocean Voyages Institute ↗
  • Who funds SAMUEL LAWRENCE FOUNDATION ↗

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 …Amazonsmile Foundation
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.

How much its grantees rely on government

Each dot is one organization Project Bluewater Racing funds: left to right is the share of its income from government, bottom to top the share from Project Bluewater Racing. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%4%8%15%funder's share of their income ↑0%23%45%68%90%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    2report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–90%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    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

    Play a game based on Project Bluewater Racing’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home