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Form 990-PFTax year 2024EIN 20-1685136

Project Bluewater Racing

A private foundation in La Mesa, CA. Its return for tax year 2024 lists 7 grants and $66,000 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $66,000

    Grants listed
    7
    Assets, end of year
    $705,732
  • Tax year 2023

    $20,000

    Grants listed
    1
    Assets, end of year
    $888,749
  • Tax year 2022

    $53,390

    Grants listed
    3
    Assets, end of year
    $856,248
  • Tax year 2021

    $70,525

    Grants listed
    5
    Assets, end of year
    $872,384
  • Tax year 2020

    $45,000

    Grants listed
    3
    Assets, end of year
    $927,568
  • Tax year 2019

    $73,922

    Grants listed
    6
    Assets, end of year
    $997,264
  • Tax year 2018

    $70,000

    Grants listed
    7
    Assets, end of year
    $1,078,416

Grants paid in 2024

7 grants, largest first

As listed on the return.

  1. Clean Oceans InternationalSanta Cruz, CA

    Reduce oceanic plastic pollution through research, innovation and direct action. Funds to be used to support design and fabrication of a portable plastic waste conversion (PPWC) system capable of converting plastic waste in the water surrounding ulithi atoll into usable diesel fuel and inert char for compost.

    $20,000
  2. Herrshoff Marine MuseumBristol, RI

    Support for their STEM program providing inclusive education that fosters innovation and creative problem solving.

    $12,000
  3. Georgia Tech Research CorporationAtlanta, GA

    A low-cost, open-source and self-fitting hearing aid

    $10,000
  4. Cortez Racing AssociationSan Diego, CA

    General use of funds for promoting low-cost access to local, regional and international corinthian sailboat racing and to broaden participation in the sport of sailing.

    $10,000
  5. Ocean Voyages InstituteSausalito, CA

    With employed satellite tracking, locate and recover some of the largest and most destructive of all plastic pollution-enormous "ghost nets," derelict fishing gear, that drifts below the ocean's surface, entangling ships and entrapping wildlife.

    $5,000
  6. Samuel Lawrence FoundationDel Mar, CA

    Advocating for safe nuclear waste storage, accurate radiation monitoring and the eventual moving of 3.6 million LBS. Of deadly toxic nuclear waste currently stored at san onofre.

    $5,000
  7. Walter Munk FoundationLa Jolla, CA

    Support for the organization's efforts continuing walter munk's legacy of daring exploration and discovery through scientific research, education and ocean conservation. Funds to be used for education and related travel expenses of underserved students.

    $4,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Science and technology1 grant $20,00044% of the total
  2. Health1 grant $10,00022% of the total
  3. Sports and recreation1 grant $10,00022% of the total
  4. Arts and culture1 grant $5,00011% of the total

By State

Grants to organizations with a US address, latest year.

  1. California5 grants $44,000
  2. Rhode Island1 grant $12,000
  3. Georgia1 grant $10,000

Officers, directors and trustees

7 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Robert E CapitaPRESIDENT/CEO Hours 32Pay $63,364
  • Nicholas DornVICE PRESIDENT Hours 4Pay $0
  • Marianna N CapitaTREASURER Hours 2Pay $0
  • Tobie BloomSECRETARY Hours 14Pay $0
  • Canyon BreyerTRUSTEE Hours 10Pay $0
  • Schuyler D CapitaTRUSTEE Hours 1Pay $0
  • Braddon R CapitaTRUSTEE Hours 1Pay $0

The return

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