Philip M Waterman Foundation Inc
Philip M Waterman Foundation Inc is a private foundation based in New York, New York. Its 2025 filing reports 11 grants totaling $37,630 to charitable and educational organizations, including arts and cultural institutions, a parks organization, a hospital foundation, and schools.
Philip M Waterman Foundation Inc at a glance
In short: Philip M Waterman Foundation Inc gave $38K across 11 grants in 2025 (avg $3K), mostly in New York. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $37,630
- +1.6% vs 2024
- Grants made (2025)
- 11
- -35.3% vs 2024
- Average grant
- $3,421
- +57.1% vs 2024
- Median grant
- $1,000
- Total assets
- $13,023
- -56.6% vs 2024
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2025; small sample)
- Primary geography
- New York (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Philip M Waterman Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests; it states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 1100 Park Avenue 7B, New York, NY 10028
Phone: (212) 921-9000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Philip M Waterman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was City Parks Foundation ($15K). Together the top 10 received $38K.
Grant Size Distribution
70 grants across all recorded years
The most common grant size was under $50K: 70 grants of 70 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 87% of grant dollars went to recipients in New York and 13% to recipients in Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Is Philip M Waterman Foundation Inc open to new grantees?
18%
first-time grantees, 2025
In 2025, 2 of 11 grantees (18%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $375; repeat grants $4K. How we count
Medians: $375 first-time, $3K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving grew 410% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $7K (2022) to $46K (2021). In 2025 it made 11 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City Parks Foundation New York, NY | Charitable Purpose | $15,000 |
| Congregation Emanu-El of Westchester Rye, NY | Charitable Purpose | $9,780 |
| American Jewish Committee Philadelphia, PA | Charitable Purpose | $5,000 |
| Metro Museum of Art New York, NY | Charitable Purpose | $2,500 |
| The Jewish Museum New York, NY | Charitable Purpose | $2,500 |
| Northern Westchester Hospital Foundation Mt Kisco, NY | Charitable Purpose | $1,000 |
| Institute of Classical Architecture & Art New York, NY | Charitable Purpose | $600 |
| Riverdale Country School The Bronx, NY | Educational Charitable and Religious | $500 |
| The Dalton School New York, NY | Charitable Purpose | $500 |
| The Frick Collection New York, NY | Charitable Purpose | $150 |
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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 | $13,023 | $22,710 | $39,706 | $37,630 | 11 | $38,587 | $21,852 | $2,015 |
| 2024 | $30,019 | $18,764 | $37,567 | $37,026 | 17 | $37,076 | $18,764 | $3,474 |
| 2023 | $48,821 | $35,299 | $35,422 | $35,240 | 12 | $35,340 | $35,299 | $4,427 |
| 2022 | $48,944 | $5,971 | $7,921 | $7,375 | 13 | $7,375 | $5,921 | $4,847 |
| 2021 | $50,894 | $39,090 | $48,316 | $45,975 | 17 | — | $35,653 | $4,887 |
Under IRS private-foundation payout rules, Philip M Waterman Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations working in areas including parks and community programs, Jewish culture, visual arts, education, and health care. For example, City Parks Foundation says it works to make parks centers of urban life through sports, arts, community building, and education programs. The Jewish Museum says its mission is to collect, preserve, exhibit, and interpret art and Jewish culture; Riverdale Country School describes itself as a pre-K–12 independent school focused on learning, character, and community.
Grantmaking
In 2025, the foundation awarded 11 grants totaling $37,630. Grant amounts ranged from $100 to $15,000, with a median of $1,000. Its largest grants were $15,000 to City Parks Foundation, $9,780 to Congregation Emanu-El of Westchester, $5,000 to the American Jewish Committee, and $2,500 each to the Metropolitan Museum of Art and The Jewish Museum. Other recipients included Northern Westchester Hospital Foundation ($1,000), Institute of Classical Architecture & Art ($600), Riverdale Country School ($500), The Dalton School ($500), The Frick Collection ($150), and Society of Illustrators ($100). The filing lists grant purposes as charitable, except Riverdale Country School’s grant, listed as educational, charitable, and religious.
The foundation states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jane Waterman as president and Philip Waterman as treasurer.
Philip M Waterman Foundation Inc is led by Jane Waterman, President on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jane Waterman
President
On filings since 2021
1 hr/week
No compensation reported
Philip M. Waterman III
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Philip M Waterman Foundation Inc
How much does Philip M Waterman Foundation Inc give each year?
Philip M Waterman Foundation Inc gave $38K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $37K across 17 grants.
What is Philip M Waterman Foundation Inc's typical grant size?
Philip M Waterman Foundation Inc's median grant in 2025 was $1,000, and its average grant was $3,421, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Philip M Waterman Foundation Inc that year got $375 on average.
Where does Philip M Waterman Foundation Inc give grants?
Philip M Waterman Foundation Inc gives mostly in New York: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (13%). The most frequent recipient cities were New York, NY (7 grants).
Who are Philip M Waterman Foundation Inc's largest grantees?
Philip M Waterman Foundation Inc's largest 2025 grantees include City Parks Foundation ($15,000), Congregation Emanu-El of Westchester ($9,780) and American Jewish Committee ($5,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is Philip M Waterman Foundation Inc?
Philip M Waterman Foundation Inc reported $13K in total assets on its 2025 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What does Philip M Waterman Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations working in areas including parks and community programs, Jewish culture, visual arts, education, and health care. See mission & focus areas ↑
How do I apply for a grant from Philip M Waterman Foundation Inc?
The foundation does not accept unsolicited requests; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Philip M Waterman Foundation Inc's EIN?
Philip M Waterman Foundation Inc's EIN (Employer Identification Number) is 13-6059475. IRS Form 990 filing data is available on this page for 2021–2025.
Does Philip M Waterman Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Figures come from Philip M Waterman Foundation Inc'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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