Make Waves Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBOROUGH, MA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.6M in total assets. In 2023, it awarded 1 grants totaling $20K. Net investment income was $35K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$1.6M
-2.4% YoY
Annual Giving
$20K
-92.6% YoY
Grant Count
1
-75.0% YoY
Avg Grant Size
$20K
-70.5% YoY
Under IRS private-foundation payout rules, Make Waves Foundation reported a distributable amount of $149K for 2023 — the minimum it must pay out in qualifying distributions.
About Make Waves Foundation
Based on IRS filings
Make Waves Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBOROUGH, MA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.6M in total assets. In 2023, it awarded 1 grants totaling $20K. Net investment income was $35K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,564,536 | $1,602,475 | $1,825,332 |
| Revenue | $76,266 | $131,529 | $286,578 |
| Expenses | $114,205 | $354,386 | $459,530 |
| Qualifying Distributions | $72,750 | $313,890 | $420,178 |
| Net Investment Income | $34,811 | $91,033 | $247,227 |
| Distributable Amount | $148,541 | $149,837 | $173,440 |
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 2023
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Cape Cod Healthcare Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAPE COD HEALTHCARE FOUNDATION HYANNIS, MA | GENERAL FUND | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAMELA J EGAN | PRESIDENT/TREASURER/MEMBER | 10 | — |
| JOHN R EGAN | VICE PRES./SECRETARY/MEMBE | 10 | — |
| JOHN R EGAN JR | DIRECTOR | 10 | — |
| AMANDA E EGAN | DIRECTOR | 10 | — |
| KATHLEEN T EGAN | DIRECTOR | 10 | — |
| KRISTEN BOOMER | EXECUTIVE DIRECTOR | 30 | $67,381 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Make Waves Foundation?
Make Waves Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBOROUGH, MA. It holds $1.6M in total assets as of 2023.
How large is Make Waves Foundation?
As of 2023, Make Waves Foundation holds $1.6M in total assets with $76K in annual revenue. It awarded 1 grants totaling $20K in 2023.
Where does Make Waves Foundation operate?
Make Waves Foundation has awarded grants in Massachusetts, Maryland, North Carolina, New York.
What size grants does Make Waves Foundation award?
In 2023, Make Waves Foundation awarded 1 grants totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Make Waves Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Make Waves Foundation reported a distributable amount of $149K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Make Waves Foundation's EIN?
Make Waves Foundation's EIN (Employer Identification Number) is 81-3732775. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Make Waves 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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