George & Elizabeth Waters Trust

Private foundation · Grantmaker Pittsburgh, PA EIN: 23-7007737
EducationHealthHuman servicesYouth development

George & Elizabeth Waters Trust 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 $1.3M in total assets. In 2025, it awarded 6 grants totaling $68K. Net investment income was $99K.

George & Elizabeth Waters Trust at a glance

In short: George & Elizabeth Waters Trust gave $68K across 6 grants in 2025 (avg $11K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$68,006
+20.6% vs 2024
Grants made (2025)
6
+0.0% vs 2024
Average grant
$11,334
+20.6% vs 2024
Median grant
$9,715
Total assets
$1,294,753
+2.1% 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 September 2026.

Who George & Elizabeth Waters Trust funds

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Boys Girls Club of Western PA: $23KBoys Girls Club of Western PA$23KCarnegie Library of McKeesport: $11KCarnegie Library of McKeesport$11KUPMC MC Keesport Hospital: $10KUPMC MC Keesport Hospital$10KMcKeesport Presbyterian Church: $10KMcKeesport Presbyterian Church$10KYMCA of Greater Pittsburgh: $9KYMCA of Greater Pittsburgh$9KCenter for Victims: $6KCenter for Victims$6K

The largest 2025 recipient was Boys Girls Club of Western PA ($23K). Together the top 6 received $68K.

Grant Size Distribution

30 grants across all recorded years

30<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 30 grants of 30 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 6 itemized grants.

States

Cities

McKeesportPittsburgh

How George & Elizabeth Waters Trust gives

  • Giving held roughly steady from 2022 to 2025 (+1%). Method
  • In 2025 it paid out 96% 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

$0$20K$40K$60K$80K6 grants2019 6 grants2020 6 grants2021 6 grants2022 6 grants2023 6 grants2024 6 grants2025

From 2019 to 2025, annual grant giving ranged from $56K (2024) to $68K (2025). In 2025 it made 6 grants totaling $68K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Boys Girls Club of Western PA Pittsburgh, PAGeneral Support$22,669
Carnegie Library of McKeesport McKeesport, PAGeneral Support$11,334
UPMC MC Keesport Hospital Pittsburgh, PAGeneral Support$9,715
McKeesport Presbyterian Church McKeesport, PAGeneral Support$9,715
YMCA of Greater Pittsburgh Pittsburgh, PAGeneral Support$8,906
Center for Victims McKeesport, PAGeneral Support$5,667
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$1,294,753$117,396$91,522$68,0066$72,356$99,152$75,407
2024$1,268,526$67,558$77,901$56,3756$60,507$50,301$72,152
2023$1,279,003$31,308$77,818$58,8436$68,187$23,299$65,705
2022$1,324,729$2,546$90,157$67,2196$77,146$19,958$68,771
2021$1,409,785$129,427$80,175$57,0616$68,428$114,625$78,890
2020$1,361,927$45,140$85,790$59,6276—$34,281$69,196
2019$1,405,264$209,901$79,829$58,0036—$200,605$66,203

Under IRS private-foundation payout rules, George & Elizabeth Waters Trust reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

George & Elizabeth Waters Trust's only listed officer is PNC Bank N A, Trustee on every filing since 2019 (compensated).

Officers on the 2025 filing

  • PNC Bank N A

    Trustee

    On filings since 2019

    1 hr/week

    $19K (2019) → $22K (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

PNC Bank N a — Trustee: $22KPNC Bank N aTrustee$22K

The highest reported compensation on the 2025 filing was $22K, to PNC Bank N a (Trustee).

Frequently asked questions about George & Elizabeth Waters Trust

How much does George & Elizabeth Waters Trust give each year?

George & Elizabeth Waters Trust gave $68K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 6 grants.

What is George & Elizabeth Waters Trust's typical grant size?

George & Elizabeth Waters Trust's median grant in 2025 was $9,715, and its average grant was $11,334, across 6 grants on its 2025 IRS Form 990-PF.

Where does George & Elizabeth Waters Trust give grants?

George & Elizabeth Waters Trust gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Pittsburgh, PA (3 grants) and McKeesport, PA (3 grants).

Does George & Elizabeth Waters Trust give general operating support?

Yes: 100% of George & Elizabeth Waters Trust's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are George & Elizabeth Waters Trust's largest grantees?

George & Elizabeth Waters Trust's largest 2025 grantees include Boys Girls Club of Western PA ($22,669), Carnegie Library of McKeesport ($11,334) and UPMC MC Keesport Hospital ($9,715), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.

How large is George & Elizabeth Waters Trust?

George & Elizabeth Waters Trust reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $75K (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 George & Elizabeth Waters Trust?

George & Elizabeth Waters Trust is a private foundation focused on Education, based in Pittsburgh, PA. It holds $1.3M in total assets as of 2025.

What is George & Elizabeth Waters Trust's EIN?

George & Elizabeth Waters Trust's EIN (Employer Identification Number) is 23-7007737. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(3)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS March 30, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
  3. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from George & Elizabeth Waters Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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