Otter Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.4M in total assets. In 2024, it awarded 4 grants totaling $325K. Net investment income was $1.3M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
+10.6% YoY
Annual Giving
$325K
-30.1% YoY
Grant Count
4
-55.6% YoY
Avg Grant Size
$81K
+57.3% YoY
Under IRS private-foundation payout rules, Otter Cove Foundation reported a distributable amount of $670K for 2024 — the minimum it must pay out in qualifying distributions.
About Otter Cove Foundation
Based on IRS filings
Otter Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.4M in total assets. In 2024, it awarded 4 grants totaling $325K. Net investment income was $1.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,394,757 | $8,497,603 | $8,407,260 |
| Revenue | $1,291,614 | $627,101 | $196,425 |
| Expenses | $394,440 | $536,758 | $543,731 |
| Qualifying Distributions | $374,152 | $515,256 | $511,115 |
| Net Investment Income | $1,271,326 | $605,599 | $626,851 |
| Distributable Amount | $669,721 | $579,393 | $593,625 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stevenson School ($100,000), Think Wild ($100,000), The Marine Mammal Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STEVENSON SCHOOL PEBBLE BEACH, CA | TO SUPPORT THE ADVANCEMENT OF EDUCATION, Scholarship program | $100,000 |
| Think Wild BEND, OR | Think Wild provides a wildlife support system in Central Oregon | $100,000 |
| The Marine Mammal Center Sausalito, CA | Marine mammal rescue and rehabilitation, research and education | $100,000 |
| Community Foundation for Monterey C Monterey, CA | To support programs in the local community | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES P READ JR | PRESIDENT | 3 | — |
| MARK PLUMLEY | Secretary | 1 | — |
| MEGAN G LINDBERG | DIRECTOR | 3 | — |
| GILAN M READ | DIRECTOR/CFO | 25 | $55,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Otter Cove Foundation?
Otter Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, CA. It holds $9.4M in total assets as of 2024.
How large is Otter Cove Foundation?
As of 2024, Otter Cove Foundation holds $9.4M in total assets with $1.3M in annual revenue. It awarded 4 grants totaling $325K in 2024.
Where does Otter Cove Foundation operate?
Otter Cove Foundation has awarded grants in California, Oregon, Virginia.
What size grants does Otter Cove Foundation award?
In 2024, Otter Cove Foundation awarded 4 grants totaling $325K — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is Otter Cove Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Otter Cove Foundation reported a distributable amount of $670K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Otter Cove Foundation's EIN?
Otter Cove Foundation's EIN (Employer Identification Number) is 94-3287969. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Otter Cove 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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