Rizing Tide Foundation
Rizing Tide Foundation is a private foundation based in Wilmington, Delaware, that supports scholarships and career development for people pursuing careers in physical therapy. Its work is intended to advance diversity and inclusiveness in the physical therapy workforce.
Rizing Tide Foundation at a glance
In short: Rizing Tide Foundation gave $476K across 91 grants in 2024 (avg $5K), top state North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $476,372
- +36.7% vs 2023
- Grants made (2024)
- 91
- +56.9% vs 2023
- Average grant
- $5,235
- -12.9% vs 2023
- Median grant
- $5,000
- Total assets
- $2,190,997
- -18.3% vs 2023
- Primary geography
- North Carolina (17% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Rizing Tide Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The website separately provides application processes for its Crest and Surge scholarships.
- Review Cycle
- The website lists the 2026 Crest application window as April 1–May 31 and the 2026 Surge window as August 1–October 6.
- Deadline
- The website lists the 2026 Crest application window as April 1–May 31 and the 2026 Surge window as August 1–October 6.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Website: https://rizing-tide.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Rizing Tide Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was F Barreda ($15K across 2 grants). Together the top 10 received $145K.
Organizations only. It also paid 3 grants to individuals ($2,095), which are not listed by name.
Grant Size Distribution
179 grants across all recorded years
The most common grant size was under $50K: 179 grants of 179 (100%).
Geographic Focus
Where this funder awards grants
The scholarship programs require attendance at qualifying physical therapy or residency programs in the United States. In 2024, the largest shares of grant dollars by recipient state were North Carolina (17%), California (13%), Illinois (9%), Texas (8%), and Alabama (7%).
Grant Distribution by State
Share of 2024 grant dollars across all 91 itemized grants.
States
Cities
How Rizing Tide Foundation gives
- Giving grew 423% from 2021 to 2024. Method
- In 2024 it paid out 576% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $91K (2021) to $476K (2024). In 2024 it made 91 grants totaling $476K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| S Dilshad Northridge, CA | Scholarship Grant | $14,000 |
| J Gorman Omaha, NE | Scholarship Grant | $14,000 |
| L Chen Durham, NC | Scholarship Grant | $14,000 |
| F Barreda Elon, NC | Scholarship Grant | $14,000 |
| S Caballero Elon, NC | Scholarship Grant | $14,000 |
| M Cromartie Tallahassee, FL | Scholarship Grant | $14,000 |
| Z Chen Ashburn, VA | Scholarship Grant | $14,000 |
| J Raymond Kansas City, MO | Scholarship Grant | $14,000 |
| E Noye Naperville, IL | Scholarship Grant | $14,000 |
| O Artiga Chicago, IL | Scholarship Grant | $14,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,190,997 | $310,750 | $801,189 | $476,372 | 91 | $775,290 | $186,620 | $134,493 |
| 2023 | $2,680,936 | $592,970 | $544,467 | $348,476 | 58 | $527,686 | $390,516 | $122,039 |
| 2022 | $2,632,433 | $93,327 | $359,337 | $211,649 | 21 | $340,386 | $60,625 | $133,951 |
| 2021 | $2,898,443 | $78,458 | $158,806 | $91,000 | 9 | $141,404 | $61,056 | $160,475 |
| 2020 | $2,978,791 | $14,137 | $35,647 | — | — | — | — | $152,782 |
Under IRS private-foundation payout rules, Rizing Tide Foundation reported a distributable amount of $134K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Rizing Tide’s stated mission is to empower a new generation of physical therapist leaders from diverse and underrepresented backgrounds through scholarships and career development. Its vision is to broaden the reach, impact, and accessibility of physical therapy by advancing diversity and inclusiveness in the profession.
The website describes two scholarship programs. Crest supports first- or second-year DPT students and students entering a PTA-to-DPT bridge program. Surge supports graduating physical therapy students or licensed physical therapists entering a residency program. The foundation also describes mentorship, educational sessions, and networking opportunities for scholars.
Grantmaking
In 2024, Rizing Tide reported 91 grants totaling $476,372. Grant amounts ranged from $168 to $14,000, with a median of $5,000. The filing identifies the grants as scholarship grants.
The website says Crest annually awards 20 scholarships: 10 of up to $14,000 and 10 Rizing Star awards of up to $5,000. Both may be renewed twice. Surge annually awards three one-time scholarships of up to $10,000. These are scholarships for program participants, distinct from grants to charitable organizations.
For Crest, applicants must meet the program’s stated academic, background, enrollment, and citizenship or DACA eligibility requirements. The application requires three essays of 500 words each, an official transcript, a program acceptance letter, and two recommendation letters. For Surge, the stated requirements include graduating from a CAPTE-accredited physical therapy program, attending a U.S. residency program, meeting the background criteria, and having at least a 3.2 cumulative GPA in the physical therapy program.
Leadership & Key People
Leadership team and compensation from IRS filings
Heidi Jannenga is listed as director, president, secretary, and treasurer on the 2024 filing.
Rizing Tide Foundation is led by Heidi Jannenga, Director, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Heidi Jannenga
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Rizing Tide Foundation
How much does Rizing Tide Foundation give each year?
Rizing Tide Foundation gave $476K across 91 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $348K across 58 grants.
What is Rizing Tide Foundation's typical grant size?
Rizing Tide Foundation's median grant in 2024 was $5,000, and its average grant was $5,235, across 91 grants on its 2024 IRS Form 990-PF.
Where does Rizing Tide Foundation give grants?
Rizing Tide Foundation's top state is North Carolina, with 17% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (13%) and Illinois (9%). The most frequent recipient cities were Durham, NC (9 grants), Birmingham, AL (6 grants), Tallahassee, FL (4 grants) and Northridge, CA (4 grants).
Does Rizing Tide Foundation give general operating support?
Occasionally: 1% of Rizing Tide Foundation's 2024 grants with a stated purpose (1 of 91) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship Grant" (50 grants) and "Travel, Study, or Similar Purpose" (40 grants).
Who are Rizing Tide Foundation's largest grantees?
Rizing Tide Foundation's largest 2024 grantees include F Barreda ($14,772 across 2 grants), M Cromartie ($14,756 across 2 grants) and L Chen ($14,547 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 3 grants to individuals ($2,095), which are not listed by name. Together they received 9% of its itemized 2024 grant dollars.
How large is Rizing Tide Foundation?
Rizing Tide Foundation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $775K in qualifying distributions that year, against a required minimum of $134K (roughly 5% of its investment assets).
What does Rizing Tide Foundation fund?
Rizing Tide’s stated mission is to empower a new generation of physical therapist leaders from diverse and underrepresented backgrounds through scholarships and career development. See mission & focus areas ↑
How do I apply for a grant from Rizing Tide Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Rizing Tide Foundation's EIN?
Rizing Tide Foundation's EIN (Employer Identification Number) is 84-3125137. IRS Form 990 filing data is available on this page for 2020–2024.
Does Rizing Tide Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Rizing Tide Foundation funds
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