The Old State Capitol in Frankfort, Kentucky
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Form 990-PFTax year 2024EIN 81-0698838

Salt Water Fund

A private foundation in Louisville, KY. Its return for tax year 2024 lists 8 grants and $2.3 million paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

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

8 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $2,338,645

    Grants listed
    8
    Assets, end of year
    $8,687,365

  • Tax year 2023

    $1,068,288

    Grants listed
    3
    Assets, end of year
    $10,473,417

  • Tax year 2022

    $4,385,404

    Grants listed
    9
    Assets, end of year
    $11,294,611

  • Tax year 2021

    $4,205,000

    Grants listed
    7
    Assets, end of year
    $16,416,547

  • Tax year 2020

    $2,670,000

    Grants listed
    4
    Assets, end of year
    $21,450,589

  • Tax year 2019

    $1,009,940

    Grants listed
    12
    Assets, end of year
    $2,491,304

  • Tax year 2018

    $922,500

    Grants listed
    8
    Assets, end of year
    $4,175,179

  • Tax year 2017

    $3,434,689

    Grants listed
    16
    Assets, end of year
    $3,958,679

Grants paid in 2024

8 grants, largest first

As listed on the return.

  1. Boys and Girls Clubs of Southeastern North CarolinaWilmington, NC

    General contribution

    $1,050,000
  2. Cape Fear CollectiveWilmington, NC

    General contribution

    $1,000,000
  3. Cape Fear CollectiveWilmington, NC

    General contribution

    $125,000
  4. Williams YMCA of Avery CountyLinville, NC

    General contribution

    $60,000
  5. Beacon EducationWilmington, NC

    General contribution

    $53,645
  6. Kentucky Christian FoundationAlpharetta, GA

    General contribution

    $25,000
  7. Grandfather MountainLinville, NC

    General contribution

    $15,000
  8. Crossnore Communities for ChildrenNewland, NC

    General contribution

    $10,000

Where the money goes

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

  1. Youth development1 grant $60,00049% of the total
  2. Education1 grant $53,64543% of the total
  3. Mental health1 grant $10,0008% of the total

By State

Grants to organizations with a US address, latest year.

  1. North Carolina7 grants $2,313,645
  2. Georgia1 grant $25,000

Officers, directors and trustees

2 people as filed

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

  • James S Mahan IIICHAIRMAN Hours 0Pay $0
  • Marguerite D MahanSECRETARY Hours 0Pay $0

The return

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