The Bridgewater Foundation
The Bridgewater Foundation is a private foundation, based in Greensboro, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 4 grants totaling $119K. Net investment income was $194K.
The Bridgewater Foundation at a glance
In short: The Bridgewater Foundation gave $119K across 4 grants in 2025 (avg $30K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $119,088
- +8.9% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $29,772
- -45.6% vs 2024
- Median grant
- $9,494
- Total assets
- $2,232,737
- +8.0% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Bridgewater Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Piedmont Land Conservancy ($100K). Together the top 4 received $119K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 23 grants of 27 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Bridgewater Foundation gives
- Giving grew 58% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $50K (2019) to $119K (2025). In 2025 it made 4 grants totaling $119K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Piedmont Land Conservancy Greensboro, NC | Conserve Waterways, Natural Areas, Wildlife Habitat | $100,000 |
| Community Foundation of Greater Greensboro Greensboro, NC | To inspire giving, maximize opportunites and strengthen communities for present and future generations | $17,988 |
| Blue Ridge Conservancy Boone, NC | To partner with landowners and local communities to permanently protect natural resources with agricultural, cultural, recreational, ecological and scenic value in northwest North Carolina. | $1,000 |
| Blue Ridge Parkway Foundation Winston-Salem, NC | To provide support for initiatives along the 469-mile route, including historical and cultural preservation, environmental protection, visitor amenities, and educational outreach. | $100 |
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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 | $2,232,737 | $306,799 | $141,129 | $119,088 | 4 | $119,088 | $193,523 | $127,308 |
| 2024 | $2,067,067 | $174,941 | $126,980 | $109,372 | 2 | $109,372 | $174,941 | $119,088 |
| 2023 | $2,019,106 | $67,870 | $128,921 | $113,100 | 5 | $113,100 | $67,870 | $109,400 |
| 2022 | $2,080,157 | $18,325 | $102,641 | $75,160 | 16 | $75,160 | $50,724 | $113,075 |
| 2021 | $2,164,473 | $453,497 | $18,818 | — | — | — | $430,408 | $107,633 |
| 2020 | $1,729,794 | $90,823 | $19,033 | — | — | — | $86,746 | $87,759 |
| 2019 | $1,658,004 | $345,160 | $66,768 | $50,000 | 1 | — | $93,370 | $73,318 |
Under IRS private-foundation payout rules, The Bridgewater Foundation reported a distributable amount of $127K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bridgewater Foundation is led by Mary B. Magrinat, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mary B. Magrinat
President
On filings since 2019
No compensation reported
Gustav C. Magrinat
Treasurer
On filings since 2019
No compensation reported
Thomas E. Magrinat
Secretary
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Bridgewater Foundation
How much does The Bridgewater Foundation give each year?
The Bridgewater Foundation gave $119K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $109K across 2 grants.
What is The Bridgewater Foundation's typical grant size?
The Bridgewater Foundation's median grant in 2025 was $9,494, and its average grant was $29,772, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Bridgewater Foundation give grants?
The Bridgewater Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greensboro, NC (2 grants).
Does The Bridgewater Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Bridgewater Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Bridgewater Foundation?
The Bridgewater Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $127K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Bridgewater Foundation's EIN?
The Bridgewater Foundation's EIN (Employer Identification Number) is 26-3620308. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS September 2, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
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