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
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.
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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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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