Wave in Water Foundation
Wave in Water Foundation is a private foundation, based in Huntersville, NC. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $47K in total assets. In 2024, it awarded 1 grant totaling $7K. Net investment income was $2K.
Wave in Water Foundation at a glance
In short: Wave in Water Foundation gave $7K across 1 grant in 2024 (avg $7K), mostly in Vermont. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,630
- -67.7% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $6,630
- -35.3% vs 2023
- Median grant
- $6,630
- Total assets
- $46,887
- -21.1% vs 2023
- Primary geography
- Vermont (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Wave in Water Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Ferrisburgh Historical Society ($7K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Wave in Water Foundation gives
- In 2024 it paid out 297% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $7K (2024) to $21K (2023). In 2024 it made 1 grant totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ferrisburgh Historical Society Ferrisburgh, VT | For the writing and publication of a historical book | $6,630 |
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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 | $46,887 | $2,239 | $14,787 | $6,630 | 1 | $7,481 | $1,980 | $2,516 |
| 2023 | $59,435 | $220 | $30,125 | $20,500 | 2 | $21,467 | — | $3,605 |
Under IRS private-foundation payout rules, Wave in Water Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wave in Water Foundation is led by Alexandra Spichtig, President on every filing since 2023; 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Alexandra Spichtig
President
On filings since 2023
1 hr/week
$1K (2024)
Nancy Brower
Vice President
On filings since 2023
1 hr/week
$3K (2023) → $1K (2024)
Marisha Taylor
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1K, to Alexandra Spichtig (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Wave in Water Foundation
How much does Wave in Water Foundation give each year?
Wave in Water Foundation gave $7K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $21K across 2 grants.
How large is Wave in Water Foundation?
Wave in Water Foundation reported $47K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
Where does Wave in Water Foundation operate?
Wave in Water Foundation has awarded grants in Massachusetts, New York, Vermont.
What is Wave in Water Foundation's EIN?
Wave in Water Foundation's EIN (Employer Identification Number) is 87-2995190. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Explore Open Grants
Browse active grant opportunities in Wave in Water Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Wave in Water Foundation funder profile. GrantGraph. Retrieved October 9, 2026, from https://grantable.co/funders/wave-in-water-foundation-morg_904e93eb444e41b8a25d6bb61518fd28
BibTeX
@misc{grantable_872995190_2026,
author = {{Grantable}},
title = {{Wave in Water Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wave-in-water-foundation-morg_904e93eb444e41b8a25d6bb61518fd28},
note = {Accessed 2026-10-09. 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 Wave in Water 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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