Salt Water Fund
LOUISVILLE, KY EIN: 81-0698838
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$8.7M
-23.1% YoY
Annual Giving
$2.3M
-46.7% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$292K
-40.0% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,687,365 | $11,294,611 | $16,416,547 |
| Revenue | $1,084,789 | $-259,809 | $-449,035 |
| Expenses | $2,601,415 | $4,466,934 | $4,589,633 |
| Qualifying Distributions | $2,338,645 | $4,385,404 | $4,205,000 |
| Net Investment Income | $1,084,789 | $387,052 | $402,005 |
| Distributable Amount | $502,093 | $573,674 | $928,804 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Salt Water Fund fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES S MAHAN III | CHAIRMAN | — | — |
| MARGUERITE D MAHAN | SECRETARY | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
North Carolina $14.3M (98%)
Virginia $250K (2%)
Kentucky $49K (0%)
Georgia $25K (0%)
New York $10K (0%)
Connecticut $2K (0%)
Arizona $1K (0%)
Cities
AlpharettaArapahoeCrossnoreLexingtonLinvilleNew YorkNewlandPrescottRaleighVirginia BeachWilmington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with Salt Water Fund on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry