Blue Water Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 1 grants totaling $300K. Net investment income was $294K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+7.6% YoY
Annual Giving
$300K
+20.0% YoY
Grant Count
1
-83.3% YoY
Avg Grant Size
$300K
+620.0% YoY
About Blue Water Foundation
Based on IRS filings
Blue Water Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 1 grants totaling $300K. Net investment income was $294K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,104,316 | $6,599,462 | $6,192,548 |
| Revenue | $321,990 | $596,180 | $3,304,187 |
| Expenses | $332,748 | $290,180 | $59,333 |
| Qualifying Distributions | $300,788 | $253,466 | $57,251 |
| Net Investment Income | $294,267 | $560,399 | $75,054 |
| Distributable Amount | $332,679 | $279,931 | $223,413 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT SABES | PRESIDENT | 1 | — |
| JANET SABES | SECRETARY | 1 | — |
| JON SABES | DIRECTOR | 1 | — |
| ROSS SABES | DIRECTOR | 1 | — |
| STEVEN SABES | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
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The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
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Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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