Private foundation · EIN 94-3287969 · Carmel, California · Philanthropy & grantmaking

Otter Cove Foundation

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2024 Form 990-PF: 4 grants paid, $325K total, median $100K. 75% of grants stayed in California.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2024
4
$325K
Median grant
$100K
Stays in CA
75%
of grants
Deadline
—
Assets
$9.4M

Grants paid in 2024

Top 3 of 4 grants by amount · from Form 990-PF Part XV

RecipientPurposeAmount
Think WildBend, ORThink Wild provides a wildlife support system in Central Oregon$100K
The Marine Mammal CenterSausalito, CAMarine mammal rescue and rehabilitation, research and education$100K
Community Foundation for Monterey CMonterey, CATo support programs in the local community$25K

By state: California 3 · Oregon 1

About this foundation

Otter Cove Foundation is a private grantmaking foundation in Carmel, California, administered in care of Peter Read, tax-exempt since 1998. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Otter Cove Foundation accept grant applications?

No. On its 2024 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Otter Cove Foundation give each year?

In tax year 2024 it paid $325K across 4 grants, a median of $100K.

Where does Otter Cove Foundation give?

California (3 grants), Oregon (1 grants), per its latest filing.

More foundations near Carmel that accept applications

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