Water Cove Charitable Foundation
/OVERVIEW: The Water Cove Charitable Foundation primarily funds grantmaking related to health and medical research. It also earmarks funds for education and youth organizations.
IP TAKE: The foundation keeps a low public profile, which limits information available on its grantmaking priorities and activities.
PROFILE: Established in 1999, the Water Cove Charitable Foundation was founded by Bruce and Kim Sachs. Bruce is a general partner at the firm Charles River Ventures. The foundation lacks transparency and restricts public information about its grant priorities and strategies. According to tax records, the Water Cove Charitable Foundation primarily funds grantmaking related to health and medical research. It also earmarks funds for education and youth organizations.
The Sachses have strongly supported Accelerated Cure Project for MS. The forces here are personal as his wife was diagnosed with the disease.
Grants range from $5 to $150,000. In a recent fiscal year, the foundation gave away around $234,000. Past grantees have included Dana Farber Cancer Institute, Alzheimer’s Association, and Year Up.
The foundation keeps a low profile and does not accept unsolicited proposals.
PEOPLE:
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CONTACT:
The Water Cove Charitable Foundation
c/o Ayco, PO Box 15014
Albany, NY 12212
