Kentucky · Private foundation
Salt Water Fund
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.
- $2.3M
- Granted FY2024(still arriving)
- 8
- Grants FY2024
- 2
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2024
- $60,000
- Largest grant, FY2024
- $1,050,000
- Organizations funded a year
- 2 to 16
- FY2018 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $8.7M
- Applications
- Preselected organizations only
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2023, 50% of the organizations Salt Water Fund funded were first-time grantees, receiving 0% of its grant dollars.
New vs renewed · share of each year
In FY2023, 100% of grant dollars renewed an existing relationship; $4k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 7 | $2.3M | 71% |
| FY2023 | 2 | $1.1M | 50% |
| FY2022 | 7 | $4.2M | 43% |
| FY2021 | 4 | $2.7M | 25% |
| FY2020 | 12 | $1.0M | 33% |
| FY2019 | 8 | $923k | 50% |
| FY2018 | 16 | $3.4M | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2024.
Top grantees
Largest recipients by total granted, FY2018 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Beacon Education Inc | $8,379,682 | 7 | 45% |
| Boys & Girls Clubs of Southeastern North Carolina Inc | $1,050,000 | 1 | 20% |
| Grandfather Mountain Stewardship Foundation Inc | $1,000,000 | 1 | 8% |
| The Orphanetwork | $517,500 | 3 | 4% |
| Wilmington Area Rebuilding Ministry Inc | $400,000 | 1 | 10% |
| The Carousel Center Inc | $310,000 | 2 | 11% |
| Paws4people Inc | $250,000 | 1 | 9% |
| Cape Fear Academy | $250,000 | 1 | 2% |
| Collective Impact in New Hanover County | $200,000 | 1 | 12% |
| Breakthrough T1d | $75,000 | 2 | 0% |
Show all 23 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Beacon Education Inc | $8,379,682 | 7 | 45% |
| Boys & Girls Clubs of Southeastern North Carolina Inc | $1,050,000 | 1 | 20% |
| Grandfather Mountain Stewardship Foundation Inc | $1,000,000 | 1 | 8% |
| The Orphanetwork | $517,500 | 3 | 4% |
| Wilmington Area Rebuilding Ministry Inc | $400,000 | 1 | 10% |
| The Carousel Center Inc | $310,000 | 2 | 11% |
| Paws4people Inc | $250,000 | 1 | 9% |
| Cape Fear Academy | $250,000 | 1 | 2% |
| Collective Impact in New Hanover County | $200,000 | 1 | 12% |
| Breakthrough T1d | $75,000 | 2 | 0% |
| Phoenix Employment Services of Wilmingto Inc DBA StepUp Wilmington | $67,500 | 3 | 4% |
| Williams YMCA of Avery County | $62,500 | 2 | 1% |
| Woodberry Forest School | $50,000 | 1 | 0% |
| NourishNC Inc | $25,000 | 1 | 2% |
| Linville Foundation Inc | $20,000 | 1 | 4% |
| Young Life | $11,000 | 2 | 0% |
| Crossnore Communities for Children | $10,000 | 1 | 0% |
| Smart Start of New Hanover County | $10,000 | 1 | 1% |
| Samaritan's Purse | $9,000 | 1 | 0% |
| Open the Bible | $9,000 | 1 | n/a |
| Cape Fear Guardian ad Litem Association | $6,000 | 1 | n/a |
| Dreams of Wilmington Inc | $6,000 | 2 | 1% |
| North Carolina Business Leaders for Educ | $5,000 | 1 | 1% |
Plus 11 recipients with no EIN on record ($2.9M), not named here.
Where it is load-bearing
Salt Water Fund supplied at least a quarter of the budget for 1 of its grantees at some point. The chart plots its 21 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
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.
Open a dossier: New Hanover Community Endowment Inc · North Carolina Community Foundation · The Landfall Foundation Inc · Duke Energy Foundation · The Eshelman Foundation · United Way of the Cape Fear Area Inc · Corning Incorporated Foundation · Ge Aerospace Foundation · Cape Fear Memorial Foundation · Novant Health Inc · The Cynthia & George Mitchell Foundation · Foundation for the Carolinas
How this is measured
About Salt Water Fund
- How much does Salt Water Fund give?
- Salt Water Fund reported 8 grants totaling $2,338,645 in its FY2024 IRS filing. It funded between 2 and 16 organizations a year over FY2018 to FY2023.
- What does Salt Water Fund fund?
- By grant dollars over FY2018 to FY2024, its largest causes are Education (59%), Animals (9%), Youth Development (7%).
- Who are Salt Water Fund's largest grantees?
- By total granted over FY2018 to FY2024: Beacon Education Inc ($8.4M), Boys & Girls Clubs of Southeastern North Carolina Inc ($1.1M), Grandfather Mountain Stewardship Foundation Inc ($1.0M).
- Does Salt Water Fund fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Does Salt Water Fund 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 Salt Water Fund?
- Its strongest co-funders, measured against what their size predicts, include New Hanover Community Endowment Inc, North Carolina Community Foundation, The Landfall Foundation Inc.
- Where is Salt Water Fund based?
- Salt Water Fund is based in KY.
Play a game based on Salt Water’s filings →