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. Its 2026 filing, the latest on this page, reports 10 grants totaling $27,580.
Philip M Waterman Foundation Inc at a glance
In short: Philip M Waterman Foundation Inc gave $28K across 10 grants in 2026 (avg $3K), mostly in New York. 20% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $27,580
- -26.7% vs 2025
- Grants made (2026)
- 10
- -9.1% vs 2025
- Average grant
- $2,758
- -19.4% vs 2025
- Median grant
- $500
- Total assets
- $13,246
- +1.7% vs 2025
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2026; small sample)
- Primary geography
- New York (82% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 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 2026
The largest 2026 recipient was Congregation Emanu-El of Westchester ($10K). Together the top 10 received $28K.
Grant Size Distribution
63 grants across all recorded years
The most common grant size was under $50K: 63 grants of 63 (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 2026 grant dollars across all 10 itemized grants.
Cities
Is Philip M Waterman Foundation Inc open to new grantees?
20%
first-time grantees, 2026
In 2026, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $275; repeat grants $3K. How we count
Medians: $275 first-time, $500 repeat.
- 70% of 2026 grantees were also funded in 2025. Method
- Giving fell 22% from 2023 to 2026. Method
- In 2026 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2026). 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 2026, annual grant giving ranged from $7K (2022) to $46K (2021). In 2026 it made 10 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Congregation Emanu-El of Westchester Rye, NY | Charitable Purpose | $10,180 |
| City Parks Foundation New York, NY | Charitable Purpose | $10,000 |
| American Jewish Committee Philadelphia, PA | Charitable Purpose | $5,000 |
| Northern Westchester Hospital Foundation Mt Kisco, NY | Charitable Purpose | $500 |
| Riverdale Country School The Bronx, NY | Educational Charitable and Religious | $500 |
| The Dalton School New York, NY | Charitable Purpose | $500 |
| Hostos Community College Foundation Bronx, NY | Charitable Purpose | $500 |
| Bedford Hills Fire Dept Bedford Hills, NY | Charitable Purpose | $200 |
| The Frick Collection New York, NY | Charitable Purpose | $150 |
| The Garden Conservancy Greenwich, CT | Charitable Purpose | $50 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $13,246 | $100,829 | $27,909 | $27,580 | 10 | $27,580 | $25,650 | $1,816 |
| 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 2026 — 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. Its 2026 filing, the latest on this page, reports 10 grants totaling $27,580.
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 2026 report compensation.
Officers on the 2026 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, 2021–2026. "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 $28K across 10 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $38K across 11 grants.
What is Philip M Waterman Foundation Inc's typical grant size?
Philip M Waterman Foundation Inc's median grant in 2026 was $500, and its average grant was $2,758, across 10 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Philip M Waterman Foundation Inc that year got $275 on average.
Where does Philip M Waterman Foundation Inc give grants?
Philip M Waterman Foundation Inc gives mostly in New York: 82% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (18%). The most frequent recipient cities were New York, NY (3 grants).
Who are Philip M Waterman Foundation Inc's largest grantees?
Philip M Waterman Foundation Inc's largest 2026 grantees include Congregation Emanu-El of Westchester ($10,180), City Parks Foundation ($10,000) and American Jewish Committee ($5,000), according to its 2026 IRS Form 990-PF. Together they received 91% of its itemized 2026 grant dollars.
How large is Philip M Waterman Foundation Inc?
Philip M Waterman Foundation Inc reported $13K in total assets on its 2026 IRS Form 990-PF. It paid out $28K 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 2021–2026.
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 November 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 11, 2026)
- IRS filings on file for fiscal years 2021–2025
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