Richard Waterman Trust

CRANSTON, RI EIN: 05-6040728

Richard Waterman Trust is a private foundation, based in CRANSTON, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 2 grants totaling $69K. Net investment income was $96K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

-8.9% YoY

Annual Giving

$69K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$35K

+0.0% YoY

Under IRS private-foundation payout rules, Richard Waterman Trust reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard Waterman Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $353K (100%)

States

Rhode Island

Cities

Foster

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,361,112	$1,494,052	$1,508,929
Revenue	$110,678	$122,761	$103,595
Expenses	$115,675	$121,675	$126,558
Qualifying Distributions	$71,500	$71,500	$71,400
Net Investment Income	$96,079	$103,928	$85,869
Distributable Amount	$70,155	$67,052	$78,181

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 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 include Mount Vernon Larger Parish ($60,000), Mount Vernon Baptist Church ($9,000).

Recipient	Purpose	Amount
MOUNT VERNON BAPTIST CHURCH FOSTER, RI	OPERATING EXPENSES	$9,000
MOUNT VERNON LARGER PARISH FOSTER, RI	PASTORAL SUPPORT	$60,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WALTER D WATERMAN III	PRINCIPAL MANAGER	2	$20,000
HOLDEN T WATERMAN	TRUSTEE	1	$12,000
PRISCILLA WATERMAN PAVEL	TRUSTEE	1	$12,000

Frequently Asked Questions

How large is Richard Waterman Trust?

As of 2024, Richard Waterman Trust holds $1.4M in total assets with $111K in annual revenue. It awarded 2 grants totaling $69K in 2024.

Where does Richard Waterman Trust operate?

Richard Waterman Trust has awarded grants in Rhode Island.

What size grants does Richard Waterman Trust award?

In 2024, Richard Waterman Trust awarded 2 grants totaling $69K — an average of about $35K per grant, based on its IRS Form 990 filings.

How much is Richard Waterman Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Waterman Trust reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.