Quiet Waters Foundation

Foundation · Grantmaker Wilmington, DE EIN: 81-3017984

Quiet Waters Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $640K in total assets. In 2024, it awarded 5 grants totaling $60K. Net investment income was $198.

Key facts about Quiet Waters Foundation

EIN: 81-3017984
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $59,500
Grants made (2024): 5
Average grant: $11,900
Median grant: $5,000
Total assets: $639,953
Primary geography: Minnesota (42% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Quiet Waters Foundation funds

By grant dollars, the top recipient states for Quiet Waters Foundation's 5 itemized 2024 grants were Minnesota (42%), New York (34%) and New Jersey (24%). 60% of grants with a stated purpose were for general or operating support.

How Quiet Waters Foundation gives

In 2024 it paid out 320% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$640K

+40.0% YoY

Annual Giving

$60K

+183.3% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$12K

+13.3% YoY

Under IRS private-foundation payout rules, Quiet Waters Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About Quiet Waters Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $25K (42%)

New York $21K (34%)

New Jersey $14K (24%)

Share of all 5 itemized 2024 grant dollars.

States

Minnesota New Jersey New York Pennsylvania

Cities

HawthorneAllentownAsbury ParkBay HeadDunellenNeptuneSt Louis ParkWarren

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$639,953	$457,058	$485,481
Revenue	$250,288	$316	$185
Expenses	$67,393	$28,739	$52,339
Qualifying Distributions	$67,303	$28,739	$52,279
Net Investment Income	$198	$316	$125
Distributable Amount	$21,015	$22,908	$25,561

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 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 5 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Minneapolis Jewish Federation ($25,000), Westchester Arc Foundation Inc ($20,500), Dunellen-Green Brook Rotary Foundation ($5,000).

Recipient	Purpose	Amount
MINNEAPOLIS JEWISH FEDERATION St Louis Park, MN	General & Unrestricted	$25,000
WESTCHESTER ARC FOUNDATION INC Hawthorne, NY	General & Unrestricted	$20,500
DUNELLEN-GREEN BROOK ROTARY FOUNDATION Dunellen, NJ	Paul Harris Scholarship Fund	$5,000
NEW JERSEY FAMILY FOUNDATION Warren, NJ	General & Unrestricted	$5,000
MERCY CENTER CORPORATION Asbury Park, NJ	Charitable Event	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
James L Johnston	Dir, Pres	1	—
Marilyn P Johnston	Dir, Sec, Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Quiet Waters Foundation?

Quiet Waters Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $640K in total assets as of 2024.

How large is Quiet Waters Foundation?

As of 2024, Quiet Waters Foundation holds $640K in total assets with $250K in annual revenue. It awarded 5 grants totaling $60K in 2024.

Where does Quiet Waters Foundation operate?

Quiet Waters Foundation has awarded grants in Minnesota, New Jersey, New York, Pennsylvania.

What size grants does Quiet Waters Foundation award?

In 2024, Quiet Waters Foundation awarded 5 grants totaling $60K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Quiet Waters Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Quiet Waters Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.