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
Under IRS private-foundation payout rules, Blue Water Foundation reported a distributable amount of $333K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Daf 1 Llc ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DAF 1 LLC LAS VEGAS, NV | GENERAL SUPPORT | $300,000 |
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
Frequently Asked Questions
What is Blue Water Foundation?
Blue Water Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. It holds $7.1M in total assets as of 2024.
How large is Blue Water Foundation?
As of 2024, Blue Water Foundation holds $7.1M in total assets with $322K in annual revenue. It awarded 1 grants totaling $300K in 2024.
Where does Blue Water Foundation operate?
Blue Water Foundation has awarded grants in Minnesota, Nevada, Ohio.
What size grants does Blue Water Foundation award?
In 2024, Blue Water Foundation awarded 1 grants totaling $300K — an average of about $300K per grant, based on its IRS Form 990 filings.
How much is Blue Water Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Blue Water Foundation reported a distributable amount of $333K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Blue Water Foundation's EIN?
Blue Water Foundation's EIN (Employer Identification Number) is 86-1574830. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Blue Water Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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