The Trust for Public Land and the Seabrook Village Foundation.
The organizations will share $1 million in grants under the program.
The program invests in water resource focused projects that result in measurable benefits to environments and communities in Georgia including projects to preserve and restore the state's waterways, lakes and rivers.
The Georgia Power Foundation expects to initiate the next funding cycle in 2025.
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Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.