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· Private foundation

The Water Cove Charitable Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$2.2M
Granted FY2025still arriving
26
Grants FY2025still arriving
8
States reached
$2.0M
Largest
01What it funds
0193% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2024.

Health$2.8MEducation$464kPublic Safety & Disaster$53kEmployment$30kPhilanthropy$16kHuman Services$8kYouth Development$5kFood & Nutrition$5kOther$0
02FY2025 · 26 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k15 grants · $22k
  • $10k–50k10 grants · $135k
  • $250k+1 grant · $2.0M
$3,000
Median grant
8
States reached
$18M
Total assets
Largest grants
RecipientAmount
BRIGHAM & WOMEN'S HOSPITAL$1,993,000
BUCKNELL UNIVERSITY$25,000
HARPSWELL SANTA FUND$25,000
YEARUP$15,000
DANA FARBER CANCER INSTITUTE$10,000
GLOBAL EMPOWERMENT MISSION - JAMAICA RELIEF$10,000
AMERICAN DIABETES ASSOCIATION$10,000
NAPLES NORTH ROTARY CLUB FOUNDATION - JAMAICA RELIEF$10,000
AMERICAN HEART ASSOCIATION$10,000
NMSS - MICHAEL WILSON PROJECT$10,000
THE BOSTON HOME$10,000
MCHPP - AMERICAN ONLINE GIVING FOUNDATION$3,000
ORR'S BAILEY ISLAND FIRE DEPT$3,000
JIMMY FUND - HARRIN ZIEVE$2,500
JIMMY FUND - JACALYN LESSER$2,500
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.

show:

Its human-services grants (FY22–25, $31k) land where the poverty rate runs at 8%, against an area that typically sits at 9%. 13% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 9%PINE STREET INN: $1k → 16%PINE STREET INN: $1k → 16%PINE STREET INN: $1k → 16%HARPSWELL SANTA FUND: $25k → 7%PINE STREET INN: $1k → 16%HARPSWELL SANTA FUND: $500 → 7%HARPSWELL SANTA FUND: $500 → 7%HARPSWELL SANTA FUND: $500 → 7%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

ME
NY
MA
PA
NJ
CA
VA
DE
DC
TX
FL
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.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

96%of every dollar goes to organizations it has funded before.
$5.0M · 26 repeat orgs$228k to everyone else

26 repeat relationships: 24 still active in FY2025, 2 since wound down; 2 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

26
4

Total granted

$5.0M
$208k

Still filing today

50%
0%

New vs renewed · share of each year

In FY2025, 99% of grant dollars renewed an existing relationship; $20k went to new ones.

50%100%’22’23’24’25
RenewedFirst-time

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

’22’23’24’25
HealthEducationHuman ServicesPhilanthropyYouth DevelopmentFood & NutritionOther
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.

Backed again, and grew

  • Bucknell University
    4× · 2022–2025 · $100k · revenue +47%
  • Dana-Farber Cancer Institute Inc
    4× · 2022–2025 · $40k · revenue +47%
  • American Diabetes Association
    4× · 2022–2025 · $40k · revenue +28%

Funded once

  • NM
    NATIONAL MS SOCIETY
    one grant, 2022 · $155k
  • AR
    AMERICAN RED CROSS
    one grant, 2022 · $25k
  • AR
    AMERICAN RED CROSS - HURRICANE MILTON
    one grant, 2024 · $25k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its 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
Sanford Burnham Prebys Medical Discovery Institute

Sanford burnham prebys medical discovery institute's mission is to advance the biomedical sciences by cultivating the next generation of scientific leaders, providing meaningful opportunities for researchers of all backgrounds to learn,…

Health
2
The Broad Institute Inc

The mission of the broad institute is to propel progress in biomedicine, through research aimed at the understanding and treatment of disease and the dissemination of scientific knowledge to the scientific community to benefit the public.…

Health
3
Bentley University

Organization's mission bentley university believes good business can impact more than the bottom line - it can change the world. bentley is a community of future business leaders who will deliver value in the marketplace and lasting…

Education
4
Target Als Foundation Inc

Our mission is to break down barriers to als research to find effective treatments. by uniting academia, the pharma and biotech industry, government, venture capital, related nonprofits, and the als community, we aim to overcome the…

Education
5
Lowell Observatory

The mission of lowell observatory is to pursue the study of astronomy, especially the study of our solar system and its evolution; to conduct pure research in astronomical phenomena; and to maintain quality public education and outreach…

Science & Tech
6
New York University

Nyu is a private university with approximately 60,000 matriculating students in 20 schools and institutes. nyu's primary missions are education, research and scholarship, and patient care.

Education
7
Food Allergy Science Initiative Inc

To accelerate the development of breakthrough discoveries that will transform the lives of people living with food allergies.

—
8
The Danbury Hospital

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

Health
9
New York Genome Center Inc

Operate a state-of-the-art, world-class genomic research center that creates and uses advanced genomics to understand the genetic basis of disease. for more information, see schedule o.

Health
10
The Susan G Komen Breast Cancer Fdn Group

Susan g. komen 's mission is to save lives by meeting the most critical needs in our communities & investing in breakthrough research to prevent & cure breast cancer.

—
11
Memorial Sloan-Kettering Cancer Center

Leadership in the prevention, treatment, and cure of cancer through excellence, vision and cost effectiveness in patient care, outreach programs, research, and education.

Health
12
Howard Hughes Medical Institute

The mission of the institute has remained constant since its founding in 1953. as its restated articles of incorporation state the primary purpose and objective of the howard hughes medical institute shall be the promotion of human…

Health
How this is measured
The grantee most central to the portfolio’s shape is The Boston Home Inc; the most unlike its peers is American Diabetes Association. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

15 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. 15 of the 34 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)
15/15
Grantees still filing
11/15
Grew since first funded

Where the money sits, by cause and then by grantee

MASS GENERAL BRIGHAM INCORPORATED: $4,543,383 · OtherMASS GENERAL BRIGHAM INCORPORATED+20 more: $302,940 · Other+20 moreTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $378,000 · EducationTHE BOARD …Bucknell University: $100,000 · EducationBucknell U…YEAR UP INC: $45,000 · EducationYEAR UP IN…Dana-Farber Cancer Institute Inc: $40,000 · HealthAmerican Diabetes Association: $40,000 · HealthAmerican Heart Association Inc: $40,000 · HealthTHE BOSTON HOME INC: $40,000 · HealthHARPSWELL SANTA FUND INC: $26,500 · Human ServicesPINE STREET INN INC: $4,000 · Human ServicesSTARABILITY FOUNDATION INC: $16,080 · PhilanthropyBOYS & GIRLS CLUB OF COLLIER COUNTY FLOR: $4,000 · Youth DevelopmentHARRY CHAPIN FOOD BANK OF SOUTHWEST FLORIDA INC: $4,000 · Food & NutritionHOLBROOK COMMUNITY FOUNDATION: $500 · Arts & Culture
Other$4,846,323Education$523,000Health$160,000Human Services$30,500Philanthropy$16,080Youth Development$4,000Food & Nutrition$4,000Arts & Culture$500

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 budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $378,000 over 1y, 0.0% of budgetBucknell University: $100,000 over 4y, 0.0% of budgetYEAR UP INC: $45,000 over 4y, 0.0% of budgetDana-Farber Cancer Institute Inc: $40,000 over 4y, 0.0% of budgetAmerican Diabetes Association: $40,000 over 4y, 0.0% of budgetAmerican Heart Association Inc: $40,000 over 4y, 0.0% of budgetTHE BOSTON HOME INC: $40,000 over 4y, 0.1% of budgetHARPSWELL SANTA FUND INC: $26,500 over 4y, 11% of budgetSTARABILITY FOUNDATION INC: $16,080 over 4y, 0.1% of budgetBOYS & GIRLS CLUB OF COLLIER COUNTY FLOR: $4,000 over 4y, 0.0% of budgetHARRY CHAPIN FOOD BANK OF SOUTHWEST FLORIDA INC: $4,000 over 4y, 0.0% of budgetPINE STREET INN INC: $4,000 over 4y, 0.0% of budgetGREATER BOSTON FOOD BANK INC: $3,018 over 4y, 0.0% of budgetORRS ISLAND LIBRARY INC: $500 over 2y, 0.3% of budgetHOLBROOK COMMUNITY FOUNDATION: $500 over 1y, 0.3% 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 THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY ↗
  • Who funds Bucknell University ↗
  • Who funds YEAR UP INC ↗
  • Who funds Dana-Farber Cancer Institute Inc ↗
  • Who funds American Diabetes Association ↗
  • Who funds American Heart Association Inc ↗
  • Who funds THE BOSTON HOME INC ↗
  • Who funds HARPSWELL SANTA FUND INC ↗
  • Who funds STARABILITY FOUNDATION INC ↗
  • Who funds BOYS & GIRLS CLUB OF COLLIER COUNTY FLOR ↗
  • Who funds HARRY CHAPIN FOOD BANK OF SOUTHWEST FLORIDA INC ↗
  • Who funds PINE STREET INN INC ↗
  • Who funds GREATER BOSTON FOOD BANK INC ↗
  • Who funds ORRS ISLAND LIBRARY INC ↗
  • Who funds HOLBROOK COMMUNITY 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.

Boston Foundation IncMA12.9× affinity4 shared granteesties to 3 of 3Hover any node to trace its alignments.Compare side by side →

Open a dossier: Boston Foundation Inc · Donor Advised Charitable Giving Inc · 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 The Water Cove Charitable Foundation funds: left to right is the share of its income from government, bottom to top the share from The Water Cove Charitable Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 11%
  • The Boston Home Inc: 45% of income from government
  • Greater Boston Food Bank Inc: 22% of income from government
  • Pine Street Inn Inc: 11% of income from government
  • Dana-Farber Cancer Institute Inc: 7% of income from government
  • Year Up Inc: 0% of income from government
no gov moneyreceives it· size = income
1get no government money at all
3report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–75%
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 34 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 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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