The Water Cove Charitable Foundation
The Water Cove Charitable Foundation is a private foundation based in Naples, Florida. It makes contributions to charitable organizations exempt under Section 501(c)(3) of the Internal Revenue Code and states that it is not involved in direct charitable activities.
The Water Cove Charitable Foundation at a glance
In short: The Water Cove Charitable Foundation gave $2.2M across 26 grants in 2025 (avg $83K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,150,402
- +17.3% vs 2024
- Grants made (2025)
- 26
- -7.1% vs 2024
- Average grant
- $82,708
- +26.3% vs 2024
- Median grant
- $2,750
- Total assets
- $18,124,781
- +11.8% vs 2024
- Primary geography
- Massachusetts (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Water Cove Charitable Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 20 1St Ave S, Naples, FL 34102-5945
Phone: (518) 640-5000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Water Cove Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Brigham & Women's Hospital ($2.0M). Together the top 10 received $2.1M.
Grant Size Distribution
100 grants across all recorded years
The most common grant size was under $50K: 94 grants of 100 (94%).
Geographic Focus
Where this funder awards grants
The foundation is based in Naples, Florida. In 2025, Massachusetts organizations received 94% of grant dollars, followed by Florida (2%), Maine (1%), Pennsylvania (1%), and Virginia (1%). The largest 2025 grant went to an organization in Boston, Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
States
Cities
How The Water Cove Charitable Foundation gives
- 92% of 2025 grantees were also funded in 2024. Method
- Giving grew 691% from 2022 to 2025. Method
- In 2025 it paid out 217% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $81K (2021) to $2.2M (2025). In 2025 it made 26 grants totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brigham & Women's Hospital Boston, MA | Program Support | $1,993,000 |
| Bucknell University Lewisburg, PA | Program Support | $25,000 |
| Harpswell Santa Fund Harpswell, ME | Program Support | $25,000 |
| Yearup Boston, MA | Program Support | $15,000 |
| American Diabetes Association Merrifield, VA | Program Support | $10,000 |
| American Heart Association Dallas, TX | Program Support | $10,000 |
| Dana Farber Cancer Institute Naples, FL | Program Support | $10,000 |
| Global Empowerment Mission - Jamaica Relief Doral, FL | Program Support | $10,000 |
| Naples North Rotary Club Foundation - Jamaica Relief Naples, FL | Program Support | $10,000 |
| NMSS - Michael Wilson Project New York, NY | Program Support | $10,000 |
Ready to take the next step with The Water Cove Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $18,124,781 | $6,486,747 | $2,259,244 | $2,150,402 | 26 | $2,150,402 | $3,967,890 | $992,464 |
| 2024 | $16,209,685 | $4,250,408 | $1,969,361 | $1,833,238 | 28 | $1,833,238 | $4,076,160 | $870,057 |
| 2023 | $13,994,391 | $3,246,428 | $1,386,410 | $1,328,797 | 23 | $1,328,797 | $2,332,886 | $690,808 |
| 2022 | $13,139,859 | $955,082 | $325,892 | $271,966 | 22 | $271,966 | $919,606 | $680,633 |
| 2021 | $12,057,274 | $5,091,699 | $157,435 | $81,487 | 1 | $81,487 | $2,917,449 | $680,843 |
| 2020 | $9,258,457 | $3,840,470 | $1,170,623 | $1,133,000 | 1 | — | $549,470 | $419,741 |
| 2019 | $7,715,428 | $2,223,866 | $1,146,411 | $1,108,250 | 1 | — | $2,206,165 | $387,331 |
Under IRS private-foundation payout rules, The Water Cove Charitable Foundation reported a distributable amount of $992K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation does not state a specific charitable mission beyond supporting other charitable organizations through contributions. Its 2025 grants included support for Brigham and Women’s Hospital, as well as organizations working in areas such as health, disability services, food assistance, housing, education, and community support. These are areas reflected in the grantees’ work, not stated funding priorities of the foundation.
For example, The Boston Home says it seeks to improve the lives of adults with advanced multiple sclerosis and other neurological disorders. The Greater Boston Food Bank describes distributing food through member agencies and direct distribution sites, while Pine Street Inn says its mission is to end homelessness. Starability Foundation describes providing social, vocational, and educational connections for people with disabilities.
Grantmaking
In 2025, the foundation reported 26 grants totaling $2,150,402. Grant amounts ranged from $250 to $1,993,000, with a median of $2,750. The largest grant was $1,993,000 to Brigham & Women’s Hospital for program support. Other notable grants included $25,000 each to Bucknell University and Harpswell Santa Fund, and $15,000 to Year Up, all for program support. The Harpswell Santa Fund says it works with local schools, places of worship, and volunteers to identify people in need and distribute items including clothing, toys, and home heating fuel.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bruce I. Sachs and Kimberlie T. Sachs as trustees.
The Water Cove Charitable Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce I. Sachs
Trustee
On filings since 2019
1 hr/week
No compensation reported
Kimberlie T. Sachs
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Water Cove Charitable Foundation
How much does The Water Cove Charitable Foundation give each year?
The Water Cove Charitable Foundation gave $2.2M across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.8M across 28 grants.
What is The Water Cove Charitable Foundation's typical grant size?
The Water Cove Charitable Foundation's median grant in 2025 was $2,750, and its average grant was $82,708, across 26 grants on its 2025 IRS Form 990-PF.
Where does The Water Cove Charitable Foundation give grants?
The Water Cove Charitable Foundation gives mostly in Massachusetts: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Naples, FL (7 grants), Boston, MA (5 grants), Orrs Island, ME (3 grants) and Harpswell, ME (2 grants).
Does The Water Cove Charitable Foundation give general operating support?
Not in 2025: none of the 26 grants with a stated purpose on The Water Cove Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (26 grants).
Who are The Water Cove Charitable Foundation's largest grantees?
The Water Cove Charitable Foundation's largest 2025 grantees include Brigham & Women's Hospital ($1,993,000), Bucknell University ($25,000) and Harpswell Santa Fund ($25,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is The Water Cove Charitable Foundation?
The Water Cove Charitable Foundation reported $18.1M in total assets on its 2025 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $992K (roughly 5% of its investment assets).
What does The Water Cove Charitable Foundation fund?
The foundation does not state a specific charitable mission beyond supporting other charitable organizations through contributions. See mission & focus areas ↑
How do I apply for a grant from The Water Cove Charitable Foundation?
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Water Cove Charitable Foundation's EIN?
The Water Cove Charitable Foundation's EIN (Employer Identification Number) is 04-6905190. IRS Form 990 filing data is available on this page for 2019–2025.
Does The Water Cove Charitable 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 20, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Water Cove Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Water Cove Charitable Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/the-water-cove-charitable-foundation-morg_f1b359f31a214a03b66788f1a6192216
BibTeX
@misc{grantable_046905190_2026,
author = {{Grantable}},
title = {{The Water Cove Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-water-cove-charitable-foundation-morg_f1b359f31a214a03b66788f1a6192216},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Water Cove Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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