Philip M Waterman Foundation Inc
Philip M Waterman Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $13K in total assets. In 2025, it awarded 11 grants totaling $38K. Net investment income was $22K.
Key facts about Philip M Waterman Foundation Inc
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.
- EIN
- 13-6059475
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $37,630
- Grants made (2025)
- 11
- Average grant
- $3,421
- Median grant
- $1,000
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2025)
- Total assets
- $13,023
- Primary geography
- New York (87% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$13K
-56.6% YoY
Annual Giving
$38K
+1.6% YoY
Grant Count
11
-35.3% YoY
Avg Grant Size
$3K
+57.1% YoY
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.
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. 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
70 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $13,023 | $30,019 | $48,821 |
| Revenue | $22,710 | $18,764 | $35,299 |
| Expenses | $39,706 | $37,567 | $35,422 |
| Qualifying Distributions | $38,587 | $37,076 | $35,340 |
| Net Investment Income | $21,852 | $18,764 | $35,299 |
| Distributable Amount | $2,015 | $3,474 | $4,427 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
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 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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Philip M Waterman Foundation Inc by hand.
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