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Filing year 2024

SHEARWATER FOUNDATION INC

Norfolk, Virginia·EIN 20-8075507·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$27.8M
Total assets
$16.6M
Total expenses
$4.8M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. SHEARWATER FOUNDATION INC reported 4 unpaid officers and board members on its 990-PF.

Director
Director
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$4.7M

Itemized grants

27

Median grant

$10k

RecipientLocationPurposeAmount
VIRGINIA MUSEUM OF HISTORY & CULTURERICHMOND, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$1.5M
NORFOLK STATE UNIVERSITYNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$1.5M
ACCESS COLLEGE FOUNDATIONNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$735k
COLONIAL WILLIAMSBURG FOUNDATIONWILLIAMSBURG, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$525k
VMI FOUNDATIONLEXINGTON, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$250k
BUCKLEY COUNTRY DAY SCHOOLROSLYN, NYTO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$30k
EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATIONNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$25k
TIDEWATER FRIENDS OF FOSTER CARENORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$25k
UNITED WAY OF SOUTH HAMPTON ROADSNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$25k
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS (CHKD)NORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
ELIZABETH RIVER PROJECTPORTSMOUTH, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
FOODBANK OF SOUTHEASTERN VANORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
MATHEWS COMMUNITY FOUNDATIONMATHEWS, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
NORFOLK ACADEMYNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
THE SALVATION ARMYRICHMOND, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
THE UNION MISSIONNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
THE UP CENTERNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$10k
THE DEERWOOD FOUNDATIONLEXINGTON, MATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$8k
CHRYSLER MUSEUM OF ARTNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
JAMESTOWN-YORKTOWN FOUNDATIONWILLIAMSBURG, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
MUSEUM OF THE AMERICAN REVOLUTIONYORKTOWN, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
NORFOLK BOTANICAL GARDENSNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
THE MARINERS' MUSEUM AND PARKNEWPORT NEWS, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
VIRGINIA SYMPHONY ORCHESTRANORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
VIRGINIA ZOOLOGICAL SOCIETYNORFOLK, VATO SUPPORT TAX-EXEMPT PURPOSE OF ORGANIZATION$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

SHEARWATER FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$869k
$277k
2023
$27.8M
$4.8M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

SHEARWATER FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about SHEARWATER FOUNDATION INC

What are SHEARWATER FOUNDATION INC's revenue and expenses?

In 2024, SHEARWATER FOUNDATION INC reported $27.8M in total revenue and $4.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.