Waterproof Foundation Inc
Waterproof Foundation Inc is a private foundation based in Austin, Texas. Its 2024 grants supported organizations working in areas including education, medical treatment and research, social welfare, wildlife conservation, and park conservation.
Waterproof Foundation Inc at a glance
In short: Waterproof Foundation Inc gave $462K across 23 grants in 2024 (avg $20K), mostly in Texas. 13% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $461,505
- +5.2% vs 2023
- Grants made (2024)
- 23
- -4.2% vs 2023
- Average grant
- $20,065
- +9.8% vs 2023
- Median grant
- $5,000
- Total assets
- $1,834,428
- -17.1% vs 2023
- New grantees (estimate)
- 13% first-time grantees (3 of 23, 2024; small sample)
- Primary geography
- Texas (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Waterproof Foundation Inc
- How to Apply
-
Submit a grant application letter with the materials listed above.
- Contact
Application contact: Patrick Chalmers
Mailing address: 1000 Westbank Drive Suite 2A, Austin, TX 78746
Phone: (512) 637-3540
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Waterproof Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was UNC-Chapel Hill ($200K). Together the top 10 received $425K.
Grant Size Distribution
123 grants across all recorded years
The most common grant size was under $50K: 113 grants of 123 (92%).
Geographic Focus
Where this funder awards grants
In 2024, 51% of grant dollars went to recipients in Texas and 43% to recipients in North Carolina. The remaining shares went to Ohio (2%), Michigan (1%), and the District of Columbia (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
States
Cities
Is Waterproof Foundation Inc open to new grantees?
13%
first-time grantees, 2024
In 2024, 3 of 23 grantees (13%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $3K; repeat grants $23K. How we count
Medians: $3K first-time, $5K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 394% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). 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 2024, annual grant giving ranged from $428K (2019) to $535K (2022). In 2024 it made 23 grants totaling $462K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNC-Chapel Hill Chapel Hill, NC | Education | $200,000 |
| Uatx Austin, TX | Education | $100,000 |
| St Andrew's Episcopal School Austin, TX | Education | $60,000 |
| Heartgift Foundation Austin, TX | Medical Treatment | $15,005 |
| Cleveland Clinic Cleveland, OH | Medical Treatment | $10,000 |
| MD Anderson Houston, TX | Medical Research | $10,000 |
| Miracle Foundation Austin, TX | Social Welfare | $10,000 |
| Texas Wildlife Association Foundation New Braunfels, TX | Wildlife Conservation | $10,000 |
| Austin Community Foundation Austin, TX | Social Welfare | $5,000 |
| Hillsdale College Hillsdale, MI | Education | $5,000 |
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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 | $1,834,428 | $96,673 | $474,621 | $461,505 | 23 | $467,627 | $90,550 | $118,552 |
| 2023 | $2,212,201 | $70,157 | $450,201 | $438,500 | 24 | $444,350 | $93,239 | $130,948 |
| 2022 | $2,593,644 | $58,770 | $569,047 | $535,000 | 27 | $539,442 | $54,327 | $151,993 |
| 2021 | $3,106,267 | $1,494,220 | $468,147 | $447,000 | 25 | $452,875 | $2,122,112 | $134,089 |
| 2020 | $2,080,194 | $-1,062,578 | $446,687 | $436,500 | 24 | — | $499,604 | $111,268 |
| 2019 | $3,589,459 | $-217,030 | $449,936 | $428,000 | 21 | — | $217,206 | $140,841 |
Under IRS private-foundation payout rules, Waterproof Foundation Inc reported a distributable amount of $119K 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
No mission statement is provided. The 2024 grants show support for education, medical treatment and research, social welfare, wildlife conservation, and park conservation.
Among the recipients, UATX describes its mission as building a liberal arts university committed to freedom of inquiry, freedom of conscience, and civil discourse. HeartGift Foundation says it provides lifesaving heart surgery to children who lack access to specialized medical treatment. Pease Park Conservancy says it works to restore, enhance, and maintain Pease Park for sustainable use and enjoyment. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation gave $461,505 through 23 grants. Grant amounts ranged from $500 to $200,000, with a median of $5,000. Its largest listed grants were $200,000 to UNC-Chapel Hill for education, $100,000 to UATX for education, and $60,000 to St. Andrew’s Episcopal School for education. Other listed grants included $15,005 to HeartGift Foundation for medical treatment and $10,000 each to Cleveland Clinic for medical treatment, MD Anderson for medical research, Miracle Foundation for social welfare, and Texas Wildlife Association Foundation for wildlife conservation.
The foundation’s filing says it does not restrict giving to preselected organizations. Its application instructions call for a grant request in the form of a letter, including the applicant’s board list; a summary of the organization and proposed project; the project’s total funding need and amount requested; the organization’s most recent Form 990; and its IRS determination letter showing 501(c)(3) status and classification as a public charity. Awards must meet the filing’s stated 501(c)(3) restriction.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Elizabeth Scott Loewenbaum as chairman and vice president, Anna Loewenbaum Hargrove as president, Reginald Hargrove as secretary, and Patrick Chalmers as treasurer.
Waterproof Foundation Inc is led by Anna Loewenbaum Hargrove, President on every filing since 2019; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Anna Loewenbaum Hargrove
President
On filings since 2019
1 hr/week
No compensation reported
Elizabeth Scott Loewenbaum
Chairman & Vice President
On filings since 2019
1 hr/week
No compensation reported
Patrick Chalmers
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Reginald Hargrove
Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Waterproof Foundation Inc
How much does Waterproof Foundation Inc give each year?
Waterproof Foundation Inc gave $462K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $439K across 24 grants.
What is Waterproof Foundation Inc's typical grant size?
Waterproof Foundation Inc's median grant in 2024 was $5,000, and its average grant was $20,065, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Waterproof Foundation Inc that year got $3K on average.
Where does Waterproof Foundation Inc give grants?
Waterproof Foundation Inc gives mostly in Texas: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (43%). The most frequent recipient cities were Austin, TX (11 grants).
Does Waterproof Foundation Inc give general operating support?
Not in 2024: none of the 23 grants with a stated purpose on Waterproof Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (6 grants), "Social Welfare" (3 grants) and "Medical Treatment" (3 grants).
Who are Waterproof Foundation Inc's largest grantees?
Waterproof Foundation Inc's largest 2024 grantees include UNC-Chapel Hill ($200,000), Uatx ($100,000) and St Andrew's Episcopal School ($60,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Waterproof Foundation Inc?
Waterproof Foundation Inc reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $468K in qualifying distributions that year, against a required minimum of $119K (roughly 5% of its investment assets).
What does Waterproof Foundation Inc fund?
No mission statement is provided. The 2024 grants show support for education, medical treatment and research, social welfare, wildlife conservation, and park conservation. See mission & focus areas ↑
How do I apply for a grant from Waterproof Foundation Inc?
Submit a grant application letter with the materials listed above. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Waterproof Foundation Inc's EIN?
Waterproof Foundation Inc's EIN (Employer Identification Number) is 27-3816047. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 12, 2020)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Waterproof Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Waterproof Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Waterproof Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/waterproof-foundation-inc-morg_bbda06e8505e436f9bf421c314b0e6d7
BibTeX
@misc{grantable_273816047_2026,
author = {{Grantable}},
title = {{Waterproof Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/waterproof-foundation-inc-morg_bbda06e8505e436f9bf421c314b0e6d7},
note = {Accessed 2026-10-16. 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 Waterproof Foundation Inc'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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