Hubbell-Waterman Fndn
Hubbell-Waterman Foundation is a private foundation based in the Quad Cities region, serving the Davenport, Iowa area and surrounding communities.
Key facts about Hubbell-Waterman Fndn
- EIN
- 42-6126467
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,874,594
- Grants made (2024)
- 40
- Average grant
- $46,865
- Median grant
- $20,000
- New grantees (estimate)
- 30% first-time grantees (12 of 40, 2024)
- Primary geography
- Illinois (68% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Hubbell-Waterman Fndn funds
By grant dollars, the top recipient states for Hubbell-Waterman Fndn's 40 itemized 2024 grants were Illinois (68%) and Iowa (32%). The most frequent recipient cities were Davenport, IA (17 grants), Moline, IL (9 grants), Rock Island, IL (7 grants) and East Moline, IL (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is Hubbell-Waterman Fndn open to new grantees?
30%
first-time grantees, 2024
In 2024, 12 of 40 grantees (30%) were first-time recipients. First grants averaged $21K; repeat grants $58K. How we count
Medians: $15K first-time, $20K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Hubbell-Waterman Fndn
- How to evaluate Hubbell-Waterman Fndn as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.9M
-7.6% YoY
Grant Count
40
+0.0% YoY
Avg Grant Size
$47K
-7.6% YoY
Grantmaking
The foundation makes grants to nonprofit organizations across the Quad Cities region. Recent grantmaking activity includes:
Grant Range
s range from approximately $12,500 to $15,900 based on recent awards
Ready to take the next step with Hubbell-Waterman Fndn?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the Quad Cities region, including Davenport, Moline, and Rock Island in Iowa and Illinois.
Grant Distribution by State
Share of all 40 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
174 grants across all recorded years
Open Grants
1 open opportunity from Hubbell-Waterman Fndn
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Quad Cities Golf Classic Charitable ($852,000), Putnam Museum and Sciences Center ($140,000), Two Rivers YMCA Inc ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| QUAD CITIES GOLF CLASSIC CHARITABLE East Moline, IL | GENERAL OPERATING | $852,000 |
| PUTNAM MUSEUM AND SCIENCES CENTER Davenport, IA | GENERAL OPERATING | $140,000 |
| TWO RIVERS YMCA INC Moline, IL | GENERAL OPERATING | $75,000 |
| VERA FRENCH COMMUNITY MENTAL HEALTH CENTER Davenport, IA | GENERAL OPERATING | $75,000 |
| YWCA Rock Island, IL | GENERAL OPERATING | $65,000 |
| IOWA LEGAL AID Davenport, IA | GENERAL OPERATING | $60,000 |
| TOGETHER MAKING A BETTER COMMUNITY Davenport, IA | GENERAL OPERATING | $50,000 |
| WORLD RELIEF QUAD CITIES Moline, IL | GENERAL OPERATING | $50,000 |
| FRIENDS OF THE DAVENPORT PUBLIC LIBRARY Davenport, IA | GENERAL OPERATING | $37,500 |
| QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION Davenport, IA | GENERAL OPERATING | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C Dana Waterman III | Trustee/Secretary | 5 | — |
| Robert VP Waterman Jr | Trustee/Board Chair | 2.5 | — |
| David W Lundy Jr | Trustee/Board Vice Chair/Gov Committee | 2 | — |
| Christopher M Berglund | Trustee/Treasurer/Finance Committee | 2 | — |
| Sari W Blum | Trustee/Grants Committee Chair | 2.5 | — |
| Meghan W Baker | Trustee | 1 | — |
| Lynn W Blum | Trustee | 1 | — |
| Leslie W Bryan | Trustee | 1 | — |
| Melissa B Jack | Trustee | 1 | — |
| Peter LL Lundy | Trustee | 1 | — |
| Courtney B Stiefel | Trustee | 1 | — |
| Jennifer W Waterman | Trustee | 1 | — |
| Larned a Waterman Jr | Trustee | 1 | — |
Recent News & Activity
Recent developments and announcements
The Hubbell-Waterman Foundation announced a major grant distribution of over $2 million to 67 nonprofit organizations in the Quad Cities area, demonstrating significant philanthropic activity and commitment to the region's nonprofit sector.
Hubbell-Waterman Foundation grants over $2 million \u2014 Quad Cities\Frequently Asked Questions
How do I apply for a grant from Hubbell-Waterman Fndn?
The foundation makes grants to nonprofit organizations across the Quad Cities region. Recent grantmaking activity includes: • Awarded over $2 million in grants to 67 nonprofit organizations in a recent funding cycle • Grant sizes range from approximately $12,500 to $15,900 based on recent awards • Supports general operating expenses for recipient organizations Recent grantees include: • West End Alano Club: $15,900 for general operating support (2024)
Where does Hubbell-Waterman Fndn make grants?
The foundation primarily funds organizations in the Quad Cities region, including Davenport, Moline, and Rock Island in Iowa and Illinois.
What size grants does Hubbell-Waterman Fndn award?
In 2024, Hubbell-Waterman Fndn awarded 40 grants totaling $1.9M — an average of about $47K per grant, based on its IRS Form 990 filings.
What is Hubbell-Waterman Fndn's EIN?
Hubbell-Waterman Fndn's EIN (Employer Identification Number) is 42-6126467. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.