Bitterroot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $143K in total assets. In 2024, it awarded 18 grants totaling $246K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$143K
-62.4% YoY
Annual Giving
$246K
+67.3% YoY
Grant Count
18
+50.0% YoY
Avg Grant Size
$14K
+11.5% YoY
Under IRS private-foundation payout rules, Bitterroot Fund reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Bitterroot Fund
Based on IRS filings
Bitterroot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $143K in total assets. In 2024, it awarded 18 grants totaling $246K. Net investment income was $8K.
Focus Areas
Ready to take the next step with Bitterroot Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $143,270 | $381,218 | $513,666 |
| Revenue | $12,003 | $19,801 | $6,321 |
| Expenses | $249,951 | $152,249 | $129,278 |
| Qualifying Distributions | $245,900 | $147,000 | $125,000 |
| Net Investment Income | $7,952 | $14,539 | $2,043 |
| Distributable Amount | $12,683 | $20,795 | $28,170 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Random Acts of Silliness ($60,000), Read Montana ($30,000), Gallatin Valley Land Trust ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOZEMAN ACTORS THEATRE BOZEMAN, MT | CHARITABLE SUPPORT | $2,900 |
| BOZEMAN ART MUSEUM BOZEMAN, MT | CHARITABLE SUPPORT | $5,000 |
| BOZEMAN SYMPHONY BOZEMAN, MT | CHARITABLE SUPPORT | $5,000 |
| BRIDGERCARE BOZEMAN, MT | CHARITABLE SUPPORT | $10,000 |
| CASAGAL OF GALLATIN COUNTY PROGRAM BOZEMAN, MT | CHARITABLE SUPPORT | $15,000 |
| COMMUNITY HEALTH PARTNERS LIVINGSTON, MT | CHARITABLE SUPPORT | $5,000 |
| GALLATIN VALLEY LAND TRUST BOZEMAN, MT | CHARITABLE SUPPORT | $20,000 |
| HEART OF THE VALLEY ANIMAL SHELTER BOZEMAN, MT | CHARITABLE SUPPORT | $5,000 |
| HELP CENTER INC BOZEMAN, MT | CHARITABLE SUPPORT | $5,000 |
| MONTANA INTERMOUNTAIN OPERA BOZEMAN, MT | CHARITABLE SUPPORT | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK T WATERSON III | PRESIDENT & TREASURER | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bitterroot Fund?
Bitterroot Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. It holds $143K in total assets as of 2024.
How large is Bitterroot Fund?
As of 2024, Bitterroot Fund holds $143K in total assets with $12K in annual revenue. It awarded 18 grants totaling $246K in 2024.
Where does Bitterroot Fund operate?
Bitterroot Fund has awarded grants in Montana.
What size grants does Bitterroot Fund award?
In 2024, Bitterroot Fund awarded 18 grants totaling $246K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Bitterroot Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bitterroot Fund reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bitterroot Fund's EIN?
Bitterroot Fund's EIN (Employer Identification Number) is 85-0717802. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bitterroot Fund's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The O Wayne Rollins Foundation
ATLANTA, GA
Assets
$432.0M
Grants
29
Total Given
$39.5M
Rhedcloud Foundation Inc
DECATUR, GA
Assets
$6K
Grants
1
Total Given
$13K
Atlanta Committee for Progress Inc
ATLANTA, GA
Assets
$2.1M
Grants
1
Total Given
$15K
Atlanta Postal Credit Union
ATLANTA, GA
Assets
$2.4B
Grants
4
Total Given
$308K
Justice for Children Foundation Inc
SAVANNAH, GA
Assets
$24K
Grants
0
Total Given
—
Southeast Area Blood Bankers
PEACHTREE CITY, GA
Assets
$33K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Bitterroot Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Bitterroot Fund to a real strategy.