The Bridgewater Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 2 grants totaling $109K. Net investment income was $175K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+2.4% YoY
Annual Giving
$109K
-3.3% YoY
Grant Count
2
-60.0% YoY
Avg Grant Size
$55K
+141.8% YoY
Under IRS private-foundation payout rules, The Bridgewater Foundation reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bridgewater Foundation
Based on IRS filings
The Bridgewater Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 2 grants totaling $109K. Net investment income was $175K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,067,067 | $2,019,106 | $2,080,157 |
| Revenue | $174,941 | $67,870 | $18,325 |
| Expenses | $126,980 | $128,921 | $102,641 |
| Qualifying Distributions | $109,372 | $113,100 | $75,160 |
| Net Investment Income | $174,941 | $67,870 | $50,724 |
| Distributable Amount | $119,088 | $109,400 | $113,075 |
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
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation of Greater Greensboro ($59,372), Cone Health Healing Gardens ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY FOUNDATION OF GREATER GREENSBORO GREENSBORO, NC | TO INSPIRE GIVING, MAXIMIZE OPPORTUNITES AND STRENGTHEN COMMUNITIES FOR PRESENT AND FUTURE GENERATIONS | $59,372 |
| CONE HEALTH HEALING GARDENS GREENSBORO, NC | GRANTS TO BUILD HEALING GARDEN AT THE CONE HEALTH CANCER CENTER TO ENHANCE HEALING. | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GUSTAV C MAGRINAT | TREASURER | — | — |
| MARY B MAGRINAT | PRESIDENT | — | — |
| THOMAS E MAGRINAT | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bridgewater Foundation?
The Bridgewater Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. It holds $2.1M in total assets as of 2024.
How large is The Bridgewater Foundation?
As of 2024, The Bridgewater Foundation holds $2.1M in total assets with $175K in annual revenue. It awarded 2 grants totaling $109K in 2024.
Where does The Bridgewater Foundation operate?
The Bridgewater Foundation has awarded grants in Colorado, Illinois, Indiana, North Carolina, Texas.
What size grants does The Bridgewater Foundation award?
In 2024, The Bridgewater Foundation awarded 2 grants totaling $109K — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is The Bridgewater Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bridgewater Foundation reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bridgewater Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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