FundersTexas

Waterproof Foundation Inc

Austin, TX · EIN 27-3816047. Reported 99 grants totalling $1,882,005 to 39 organizations across tax years 2021-2024. This foundation did not tell the IRS it funds only preselected organizations.

Yesaccepts unsolicited requests
$5,000median grant
$1,882,005granted, 2021-2024
39organizations funded
74%of grantees funded again the next year
$2,043,776assets, latest filing

Does this foundation accept applications?

Yes -- on its own tax return. Form 990-PF asks every private foundation whether it makes grants only to organizations it selects itself. Of the 91,758 foundations in our data that made a grant and answered, 78% said yes -- and applying to those is wasted effort. Waterproof Foundation Inc did not check that box on its most recent filing, which puts it in the minority that is at least open to being approached.

This is the foundation's own statement to the IRS, not our judgement, and it says nothing about whether they have a form, a deadline, or an appetite for new grantees. Treat it as the reason this foundation is worth your research time, not as an invitation. Many small foundations of this kind have no website and no application process -- a letter of inquiry is the normal first step.

How big are its grants?

The median grant is $5,000. Half of everything it gave fell between $2,500 and $10,000; the smallest was $500 and the largest $305,000. If you are asking for materially more than the top of that range, you are asking the wrong foundation.

Under $1,000
1 grant
$1,000 - $5,000
29 grants
$5,000 - $10,000
29 grants
$10,000 - $25,000
31 grants
$50,000 - $100,000
1 grant
$100,000 and Up
8 grants

Every organization it funded

This is the complete list from its filings, largest first. Years funded is the number of separate tax years in which the organization received money -- more than one means a real relationship rather than a one-off.

OrganizationLocationTotal receivedGrantsYears fundedLast
Unc-Chapel HillChapel Hill, NC$905,000442024
UatxAustin, TX$300,000332024
International Rescue CommitteeNew York, NY$100,000112022
St Andrew's Episcopal SchoolAustin, TX$92,500442024
Heartgift FoundationAustin, TX$45,005442024
Cleveland ClinicCleveland, OH$40,000442024
MD AndersonHouston, TX$40,000442024
Texas Wildlife Association FoundationNew Braunfels, TX$40,000442024
Hillsdale CollegeHillsdale, MI$35,000442024
Feed the Hungry San Miguel IncLaredo, TX$30,000332023
LedaNew York, NY$20,000222022
Miracle FoundationAustin, TX$20,000222024
Wonders & WorriesAustin, TX$20,000442024
The Episcopal Church of the Good ShepherdAustin, TX$16,000442024
Austin Community FoundationAustin, TX$15,000222024
Dubin Breast Cancer CenterNew York, NY$15,000332023
KIPP Austin Public SchoolsAustin, TX$15,000332023
Memorial Sloan Kettering Cancer CenterNew York, NY$15,000332023
Pease Park ConservancyAustin, TX$15,000332024
The Seton FundAustin, TX$15,000332023
Cicero InstituteAustin, TX$10,000112021
Texas Book FestivalAustin, TX$10,000222024
The Nature ConservancyArlington, VA$10,000112021
American Friends of Sheba Medical CenterLos Angeles, CA$6,000222024
University of Montana FoundationMissoula, MT$6,000332023
America Gives IncWashington, DC$5,000112024
Beyond Batten Disease FoundationAustin, TX$5,000222022
Red ArenaDripping Springs, TX$5,000112022
St Andrew's SchoolMiddletown, DE$5,000222024
Westcave Outdoor Discovery CenterRound Mountain, TX$5,000222022
Explore AustinAustin, TX$4,000442024
Flathead LakersPolson, MT$4,000442024
Dell Children's FoundationAustin, TX$2,500112024
WayaAustin, TX$2,500112023
Do No HarmGlen Allen, VA$2,000112024
Foundation for Individual Rights and ExpressionPhiladelphia, PA$2,000222024
Hillside Early Childhood CenterAustin, TX$2,000222023
Jewish Community CenterOverland Park, KS$1,500222024
Helping Hand Home for ChildrenAustin, TX$1,000112021

30 of 39 (77%) received money in more than one year over the 4 years we hold.

Measured the way we measure every foundation -- what share of one year's grantees are funded again the next -- this one retains 74%, across 3 year-to-year transitions. The median foundation retains about 67%, so this one is about typical. A high number means its list is close to settled and a newcomer has to displace someone; a low one means it is still moving money around, which is where an opening is.

What the money was for

Taken verbatim from the purpose field of its filings. This is the closest thing to a statement of what this foundation cares about, in its own words.

What kind of organizations it funds

By the recipient's own IRS classification, for the 63 grants where we could identify the organization. These are assigned categories, not our guesses.

Education
26 grants
Environment
6 grants
Diseases & Disorders
6 grants
Recreation & Sports
5 grants
Human Services
5 grants
Philanthropy & Grantmaking
5 grants
Food & Nutrition
3 grants
Civil Rights
2 grants

Giving by year

Tax yearGrantsTotalMedian grant
202125$447,000$5,000
202227$535,000$5,000
202324$438,500$5,000
202423$461,505$5,000

Tax years, not calendar years, and the most recent year is usually incomplete -- filings arrive about a year late, so a low final year means late paperwork rather than a foundation winding down.

Where its money goes

Foundations concentrate geographically far more than their mission statements suggest. 48% of this one's giving went to organizations in North Carolina. If you are outside its footprint, that matters more than how well your programme fits.

North Carolina
$905K
Texas
$711K
New York
$150K
Ohio
$40K
Michigan
$35K
Virginia
$12K
Montana
$10K
California
$6K

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Funders that support the same organizations

These funders gave to organizations this one also funded -- some private foundations, some community foundations and other grantmaking charities. Shared grantees are the strongest available signal that two funders have overlapping priorities, and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.

Donor Advised Charitable Giving Inc26 shared recipientsFidelity Investments Charitable Gift Fund25 shared recipientsAmerican Online Giving Foundation Inc22 shared recipientsVanguard Charitable Endowment Program21 shared recipientsNational Philanthropic Trust21 shared recipientsMorgan Stanley Global Impact Funding Trust Inc17 shared recipients

How to approach this foundation

  1. Check you are its size. The median grant is $5,000. Asking for ten times that is the most common way small organizations waste a submission.
  2. Check you are in its geography. Its giving is concentrated in North Carolina.
  3. Read the recipient list above for organizations like yours. If nothing on it resembles your work, that is a real answer, and a cheap one to get.
  4. Look up the current filing before writing. The 990-PF names the foundation's officers and, where one exists, its application procedure. We link it below.

Related guides

Foundations funding education in North CarolinaEvery funder in this group, rankedFoundations funding education in TexasEvery funder in this group, ranked

Where these numbers come from

Everything above is taken from Waterproof Foundation Inc's own Form 990-PF filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred, or estimated.

Address of record on the latest return: 1000 Westbank Drive 2A, Austin, TX, 78746. This is the address the foundation gave the IRS; many small foundations file through an accountant or a bank trust department, so it may not be where post to a programme officer should go.

EIN 27-3816047 · See the original filings on ProPublica · How we build this

This is history, not an open call. Foundation returns are published about a year after the tax year ends. Nothing on this page is a deadline. It is a record of who this foundation has actually funded, which is the best available predictor of who it will fund next -- and a much better basis for deciding whether to write to them than a mission statement.

Is something here wrong about your foundation? Email [email protected] and we will correct it.