Arthur F Walters & Selma C Walters
Arthur F Walters & Selma C Walters is a private foundation focused on Education, based in Pittsburgh, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.6M in total assets. In 2025, it awarded 1 grant totaling $331K. Net investment income was $447K.
Arthur F Walters & Selma C Walters at a glance
In short: Arthur F Walters & Selma C Walters gave $331K across 1 grant in 2025 (avg $331K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $330,609
- +11.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $330,609
- +11.8% vs 2024
- Median grant
- $330,609
- Total assets
- $5,626,098
- +1.7% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Arthur F Walters & Selma C Walters funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Franklin & Marshall College ($331K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Arthur F Walters & Selma C Walters gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $237K (2019) to $340K (2022). In 2025 it made 1 grant totaling $331K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Franklin & Marshall College Lancaster, PA | General Support | $330,609 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,626,098 | $507,129 | $410,473 | $330,609 | 1 | $344,422 | $446,886 | $364,394 |
| 2024 | $5,529,739 | $390,268 | $367,614 | $295,738 | 1 | $308,811 | $333,099 | $343,682 |
| 2023 | $5,507,299 | $233,172 | $372,544 | $305,731 | 1 | $320,814 | $176,589 | $310,821 |
| 2022 | $5,646,981 | $237,555 | $419,049 | $339,950 | 1 | $355,584 | $183,615 | $321,365 |
| 2021 | $5,826,538 | $611,248 | $349,686 | $267,649 | 1 | $284,544 | $553,932 | $356,846 |
| 2020 | $5,568,059 | $444,606 | $311,873 | $246,773 | 1 | — | $386,006 | $302,783 |
| 2019 | $5,438,196 | $164,610 | $314,303 | $236,903 | 1 | — | $120,256 | $299,981 |
Under IRS private-foundation payout rules, Arthur F Walters & Selma C Walters reported a distributable amount of $364K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Arthur F Walters & Selma C Walters's only listed officer is PNC Bank NA, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
PNC Bank NA
Trustee
On filings since 2019
1 hr/week
$57K (2019) → $69K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $69K, to PNC Bank NA (Trustee).
Frequently asked questions about Arthur F Walters & Selma C Walters
How much does Arthur F Walters & Selma C Walters give each year?
Arthur F Walters & Selma C Walters gave $331K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $296K across 1 grant.
How large is Arthur F Walters & Selma C Walters?
Arthur F Walters & Selma C Walters reported $5.6M in total assets on its 2025 IRS Form 990-PF. It paid out $344K in qualifying distributions that year, against a required minimum of $364K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Arthur F Walters & Selma C Walters?
Arthur F Walters & Selma C Walters is a private foundation focused on Education, based in Pittsburgh, PA. It holds $5.6M in total assets as of 2025.
Where does Arthur F Walters & Selma C Walters operate?
Arthur F Walters & Selma C Walters has awarded grants in Pennsylvania.
What is Arthur F Walters & Selma C Walters's EIN?
Arthur F Walters & Selma C Walters's EIN (Employer Identification Number) is 56-6624021. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
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