Rizing Tide Foundation

WILMINGTON, DE EIN: 84-3125137 Website

Rizing Tide Foundation is a private foundation (501(c)(3)) headquartered in Wilmington, Delaware, with operations in Phoenix, Arizona. Founded in 2020 by Dr. Heidi Jannenga, a physical therapist and co-founder of WebPT, the foundation operates as a scholarship and career development program focused on the physical therapy profession. The organization works to advance diversity and inclusiveness in the physical therapy workforce through scholarships, mentorship, and networking connections.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2M

-18.3% YoY

Annual Giving

$476K

+36.7% YoY

Grant Count

+56.9% YoY

Avg Grant Size

$5K

-12.9% YoY

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 April 2026.

Mission & Focus Areas

Mission: Rizing Tide is a scholarship and career development program designed to empower a new generation of physical therapist leaders from diverse and underrepresented backgrounds.

Vision: To broaden the reach, impact, and accessibility of physical therapy by advancing diversity and inclusiveness in the PT workforce.

Core Values:

Community (Rize Together): Building strong community ties and fostering career-long relationships among scholarship recipients
Equity (Make Waves): Ensuring everyone has a fair opportunity to become a physical therapist and that patients have access to providers who represent them
Inclusiveness (Embrace Our Differences): Creating supportive cultures that foster a sense of belonging
Investment (Look Forward): Supporting students as an investment in the future of the PT profession

The foundation specifically targets students and professionals of underrepresented racial and ethnic backgrounds pursuing careers in physical therapy.

Grantmaking

In 2024, the foundation made nine grants. A documented grant of $500 was awarded to Movement Network for general and unrestricted purposes in December 2024.

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Geographic Focus

Where this funder awards grants

The foundation funds physical therapy students and residents within the United States, with a requirement that recipients attend CAPTE-accredited programs within the U.S.

Grant Distribution by State

Illinois $156K (20%)

North Carolina $127K (16%)

Florida $79K (10%)

California $70K (9%)

Missouri $68K (9%)

Alabama $49K (6%)

Arizona $40K (5%)

Colorado $31K (4%)

+16 more states

Cities

AbileneAlexandriaArcadiaAshburnAtlantaAzusaBaldwinBaltimoreBirminghamBostonBurbankChapel HillChicagoClinton TwpCoral GablesDenverDetroitDurhamElonEvanston

Financial History

Multi-year comparison from IRS filings

As of December 31, 2024:

Total Assets: $2,190,997
Total Revenues: $310,750
Total Expenses: $801,189
Total Grants, Contributions, etc.: $104,931
Investment Income and Dividends: $59,360
Number of Employees: 0

As of December 31, 2023:

Total Grants, Contributions, etc.: $538,285

Funding Sources: The foundation received a $25,000 contribution from the Alliance for Physical Therapy Quality in 2023.

EIN: 84-3125137

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,190,997	$2,680,936	$2,632,433
Revenue	$310,750	$592,970	$93,327
Expenses	$801,189	$544,467	$359,337
Qualifying Distributions	$775,290	$527,686	$340,386
Net Investment Income	$186,620	$390,516	$60,625
Distributable Amount	$134,493	$122,039	$133,951

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

130 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include S Dilshad ($14,000), J Gorman ($14,000), L Chen ($14,000).

Recipient	Purpose	Amount
L Parker LA CROSSE, WI	Scholarship Grant	$400
A NEBEDUM Clinton TWP, MI	TRAVEL, STUDY, OR SIMILAR PURPOSE	$168
C Espinoza AZUSA, CA	Scholarship Grant	$10,000
B GUERRERO NORTHRIDGE, CA	TRAVEL, STUDY, OR SIMILAR PURPOSE	$351
B BALLENTINE BALTIMORE, MD	TRAVEL, STUDY, OR SIMILAR PURPOSE	$624
S Dilshad NORTHRIDGE, CA	SCHOLARSHIP GRANT	$14,000
B GUERRERO NORTHRIDGE, CA	SCHOLARSHIP GRANT	$5,000
Y TAMIMI PITTSBURGH, PA	SCHOLARSHIP GRANT	$5,000
C MILAN TALLAHASSEE, FL	TRAVEL, STUDY, OR SIMILAR PURPOSE	$959
C ESPINOZA AZUSA, CA	TRAVEL, STUDY, OR SIMILAR PURPOSE	$465

Leadership & Key People

Leadership team and compensation from IRS filings

Founder: Dr. Heidi Jannenga, physical therapist and co-founder of WebPT

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Heidi Jannenga	Dir, Pres, Sec, Treas	1	—

Recent News & Activity

Recent developments and announcements

2025

**2025 Crest Scholarships:** The foundation pledged $570,000 in Crest scholarships to 20 Doctor of Physical Therapy students in 2025

Rizing Tide Foundation 2025 Surge Scholarship Recipients Announced - Physical

2025

**2025 Surge Scholarship Recipients:** Announced recipients for the 2025 Surge scholarship cycle

Scholarships - Rizing Tide

2024

**2024 Surge Scholarship Recipients:** Announced recipients for the 2024 Surge scholarship cycle

Scholarships - Rizing Tide

**Tide Pool Launch:** Rizing Tide launched Tide Pool, a digital community platform designed for the next generation of physical therapists

Rizing Tide Launches Tide Pool, a Digital Community for the Next Generation

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Rizing Tide Foundation fund?

**Mission:** Rizing Tide is a scholarship and career development program designed to empower a new generation of physical therapist leaders from diverse and underrepresented backgrounds. **Vision:** To broaden the reach, impact, and accessibility of physical therapy by advancing diversity and inclusiveness in the PT workforce. **Core Values:** • **Community (Rize Together):** Building strong community ties and fostering career-long relationships among scholarship recipients • **Equity (Make Wav…

How do I apply for a grant from Rizing Tide Foundation?

**Crest Scholarship** • **Eligibility:** First- or second-year DPT students or PTAs entering a bridge program from underrepresented racial or ethnic backgrounds • **Award Structure:** 20 scholarships annually—10 awards up to $14,000 and 10 "Rizing Star" runner-up scholarships up to $5,000 • **Renewal:** Both award types may be renewed twice while the scholar remains in DPT school • **Application Window:** April 1–May 31 (2026 cycle) • **Requirements:** • Minimum 3.2 cumulative GPA in undergradu…

Where does Rizing Tide Foundation make grants?

The foundation funds physical therapy students and residents within the United States, with a requirement that recipients attend CAPTE-accredited programs within the U.S.

What size grants does Rizing Tide Foundation award?

In 2024, Rizing Tide Foundation awarded 91 grants totaling $476K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Rizing Tide Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rizing Tide Foundation reported a distributable amount of $134K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.