The Mcwaters Family Foundation
The Mcwaters Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESAPEAKE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $520K in total assets. In 2024, it awarded 15 grants totaling $98K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$520K
-12.6% YoY
Annual Giving
$98K
-58.0% YoY
Grant Count
15
-16.7% YoY
Avg Grant Size
$7K
-49.7% YoY
Under IRS private-foundation payout rules, The Mcwaters Family Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mcwaters Family Foundation
Based on IRS filings
The Mcwaters Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESAPEAKE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $520K in total assets. In 2024, it awarded 15 grants totaling $98K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $520,254 | $595,509 | $815,796 |
| Revenue | $17,112 | $7,940 | $3,655 |
| Expenses | $102,182 | $239,386 | $213,751 |
| Qualifying Distributions | $98,050 | $236,700 | $207,350 |
| Net Investment Income | $6,980 | $15,019 | $2,406 |
| Distributable Amount | $27,785 | $35,221 | $46,723 |
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 2024
Grant Size Distribution
86 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mosaic Church ($40,000), Ducks Unlimited ($16,000), Norfolk Christian School ($7,100).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS CLUB OF SOUTHEAST VIRGINIA VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $5,000 |
| CHRIST CENTRAL CHURCH LABELLE, FL | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $4,200 |
| CRISIS PREGNANCY CENTER OF TIDEWATER CHESAPEAKE, VA | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $1,000 |
| DUCKS UNLIMITED MEMPHIS, TN | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $16,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $2,000 |
| NORFOLK CHRISTIAN SCHOOL VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $7,100 |
| RECOVERY FOR LIFE VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $5,000 |
| ROCK THE OCEAN FOUNDATION NASHVILLE, TN | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $5,000 |
| SAMARITAN'S PURSE BOONE, NC | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $5,000 |
| TOGO NETWORK VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFERY L MCWATERS | PRESIDENT | 4 | — |
| CYNTHIA L MCWATERS | SECRETARY/TREASURER | 4 | — |
| MEGAN RATHBONE | VICE PRESIDENT | 4 | — |
| HUNTER MCWATERS | VICE PRESIDENT | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mcwaters Family Foundation?
The Mcwaters Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESAPEAKE, VA. It holds $520K in total assets as of 2024.
How large is The Mcwaters Family Foundation?
As of 2024, The Mcwaters Family Foundation holds $520K in total assets with $17K in annual revenue. It awarded 15 grants totaling $98K in 2024.
Where does The Mcwaters Family Foundation operate?
The Mcwaters Family Foundation has awarded grants in California, Colorado, Florida, Georgia, Kentucky, Maryland, Missouri, North Carolina, New York, Tennessee, Texas, Virginia.
What size grants does The Mcwaters Family Foundation award?
In 2024, The Mcwaters Family Foundation awarded 15 grants totaling $98K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Mcwaters Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mcwaters Family Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mcwaters Family Foundation's EIN?
The Mcwaters Family Foundation's EIN (Employer Identification Number) is 20-1053280. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mcwaters Family 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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