Tsunami Foundation
The Tsunami Foundation is a private family foundation established in 1993 in Connecticut and currently based in Wilmington, Delaware. It operates as a 501(c)(3) organization with tax-exempt status since May 1994. The foundation is a grantmaking organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.3M
+1.4% YoY
Annual Giving
$1.6M
+2.9% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$81K
-2.3% YoY
Under IRS private-foundation payout rules, Tsunami Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for education, conservation, health, and human services. The foundation's grantmaking reflects a particular emphasis on education and youth development, with notable support for K-12 education and college readiness initiatives.
Grantmaking
The foundation made 24 grants in 2024. Recent grants include:
How to Apply
. Grantseekers must contact the foundation through its physical address.
Ready to take the next step with Tsunami Foundation?
Geographic Focus
Where this funder awards grants
The foundation has historically supported organizations in New York City, with particular emphasis on youth, education, arts, and human services. The foundation has also expanded its focus to include Palm Beach and Martin counties in Florida through a leadership fund that provides community services.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Total Revenue: $2,385,962
- Total Expenses: $2,028,320
- Net Income: $357,642
- Total Assets: $26,306,848
- Total Liabilities: $0
Revenue Composition (2024):
- Investment income and dividends: $915,547
- Net gain from sale of non-inventory assets: $1,277,495
- Contributions received: $0
Fiscal Year 2023:
- Total grants, contributions, etc.: $75,000
- Investment income and dividends: $572,849
- Net gain from sale of non-inventory assets: $634,519
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,306,848 | $25,949,206 | $26,341,556 |
| Revenue | $2,385,962 | $1,541,861 | $649,220 |
| Expenses | $2,028,320 | $1,934,211 | $2,108,365 |
| Qualifying Distributions | $1,687,173 | $1,651,218 | $1,735,712 |
| Net Investment Income | $2,041,453 | $1,209,455 | $253,919 |
| Distributable Amount | $1,770,621 | $1,598,743 | $1,565,957 |
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
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Readworks Inc ($150,000), River Fund New York Inc ($150,000), Baby Buggy Inc ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BABY BUGGY INC NEW YORK, NY | General & Unrestricted | $125,000 |
| BRANDYWINE CONSERVANCY & MUSEUM OF ART CHADDS FORD, PA | General & Unrestricted | $50,000 |
| CONNECT US INC BRIDGEPORT, CT | General & Unrestricted | $25,000 |
| CORNELL UNIVERSITY NEW YORK, NY | Weill Cornell's Neurosurgery Training | $100,000 |
| COVENANT HOUSE NEW YORK, NY | General & Unrestricted | $125,000 |
| EXODUS SCHOOL NEW YORK, NY | General & Unrestricted | $100,000 |
| FRIENDS OF THE HIGH LINE INC NEW YORK, NY | General & Unrestricted | $100,000 |
| HARLEM ACADEMY NEW YORK, NY | General & Unrestricted | $100,000 |
| HEAD STRONG PROJECT INC BOSTON, MA | General & Unrestricted | $75,000 |
| HELPUSADOPT ORG INC NEW YORK, NY | General & Unrestricted | $75,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The Tsunami Foundation was created by Anson Beard, a veteran financier and Morgan Stanley alumnus who worked at the company for approximately two decades helping build their equity division worldwide. Anson M. Beard is a Yale University graduate who previously worked at Citibank and Donaldson, Lufkin & Jenrette Securities Corp. before joining Morgan Stanley in 1977. His wife, Debra, is also involved in the foundation's philanthropic activities. Anson Beard serves as a life director of the Posse Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Philip Andryc | Trustee | 1 | — |
| Debra Beard | Trustee | 1 | — |
| James M Beard | Trustee | 1 | — |
| Veronica Swanson Beard | Trustee | 1 | — |
| Anson M Beard Jr | Trustee | 1 | — |
Contact Information
Address: Foundation Source, 501 Silverside Road, Wilmington, DE 19809
Telephone: 800-839-1754
Frequently Asked Questions
What does Tsunami Foundation fund?
The foundation gives primarily for education, conservation, health, and human services. The foundation's grantmaking reflects a particular emphasis on education and youth development, with notable support for K-12 education and college readiness initiatives.
How do I apply for a grant from Tsunami Foundation?
The foundation made 24 grants in 2024. Recent grants include: • The River Fund New York: $150,000 (General & Unrestricted, 2024) • ReadWorks: $150,000 (General & Unrestricted, 2024) • Good Plus Foundation: $125,000 (General & Unrestricted, 2024) The foundation does not maintain a website or provide a formal application process. Grantseekers must contact the foundation through its physical address.
Where does Tsunami Foundation make grants?
The foundation has historically supported organizations in New York City, with particular emphasis on youth, education, arts, and human services. The foundation has also expanded its focus to include Palm Beach and Martin counties in Florida through a leadership fund that provides community services.
What size grants does Tsunami Foundation award?
In 2024, Tsunami Foundation awarded 20 grants totaling $1.6M — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is Tsunami Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tsunami Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tsunami Foundation's EIN?
Tsunami Foundation's EIN (Employer Identification Number) is 13-7019761. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tsunami Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Westly Foundation
WILMINGTON, DE
Assets
$4.1M
Grants
55
Total Given
$1.2M
Scott and Jessica McClintock Foundation
WILMINGTON, DE
Assets
$8.9M
Grants
22
Total Given
$392K
The John C Griswold Family Foundation
WILMINGTON, DE
Assets
$13.4M
Grants
68
Total Given
$534K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Tsunami Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Tsunami Foundation to a real strategy.