The Waterfield Foundation Inc
The Waterfield Foundation Inc is a private 501(c)(3) foundation established in 1992 and based in Fort Wayne, Indiana. The organization is an Indiana not-for-profit corporation empowered to make grants for charitable and educational purposes across a range of nonprofit activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-15.5% YoY
Annual Giving
$398K
+2.7% YoY
Grant Count
53
-25.4% YoY
Avg Grant Size
$8K
+37.6% YoY
Under IRS private-foundation payout rules, The Waterfield Foundation Inc reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's mission emphasizes giving primarily for:
- Housing
- Recreation
- Youth development
- The environment
- Services for people who are handicapped
- Health and human services
- Education
- Arts and humanities
- Community development
Grantmaking
Applicants must complete the Waterfield Foundation Grant Request Information Sheet and submit it along with supporting documentation. The completed form can be mailed or submitted by email to the executive director at beckyt@waterfieldcapital.com or by calling 260-434-8512 for information about the next Foundation meeting and submission deadline.
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation has a strong commitment to Fort Wayne, Indiana and its surrounding community. Grants are not generally made for the purpose of providing services in other areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $1,312,543
- Total Revenue: $262,145
- Total Expenses: $465,111
- Net Income: -$202,966
- Total Liabilities: $0
Revenue Composition (2024):
- Contributions: $50,754
- Investment income and dividends: $44,868
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,312,543 | $1,553,617 | $1,508,743 |
| Revenue | $262,145 | $800,753 | $96,680 |
| Expenses | $465,111 | $442,856 | $316,570 |
| Qualifying Distributions | $407,302 | $390,893 | $261,094 |
| Net Investment Income | $155,695 | $190,023 | $28,897 |
| Distributable Amount | $88,443 | $78,423 | $83,915 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Waterfield Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Clear Lake Twp Land Conservancy ($166,407), Columbia University ($65,000), Sundance Institute ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEAR LAKE TWP LAND CONSERVANCY FREMONT, IN | LAND PRESERVE | $166,407 |
| COLUMBIA UNIVERSITY NEW YORK, NY | ENDOWMENT | $65,000 |
| SUNDANCE INSTITUTE PARK CITY, UT | GENERAL OPERATIONS | $25,000 |
| COM FDN OF GREATER FORT WAYNE FORT WAYNE, IN | BOOK FUND | $10,000 |
| BRIDGE OF GRACE FORT WAYNE, IN | GENERAL OPERATIONS | $9,750 |
| AMANI FAMILY SERVICES INC FORT WAYNE, IN | GENERAL OPERATIONS | $5,000 |
| BLUE JACKET INC FORT WAYNE, IN | GENERAL OPERATIONS | $5,000 |
| CASS HOUSING INC FORT WAYNE, IN | GENERAL OPERATIONS | $5,000 |
| LITERARY ALLIANCE FORT WAYNE, IN | GENERAL OPERATIONS | $5,000 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | SCHOLARSHIPS | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Richard D Waterfield - Chair and Treasurer (as of 2024)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANCES W LEMAY | VICE PRESIDENT/DIRECTOR | 1 | — |
| HOWARD L CHAPMAN | PRESIDENT/SECRETARY/DIRECTOR | 2 | — |
| RICHARD D WATERFIELD | CHAIR/TREASURER/DIRECTOR | 5 | — |
| REBECCA TEAGARDEN | EXECUTIVE DIRECTOR | 5 | $23,900 |
Contact Information
Address: 7221 Engle Rd Ste 250 Fort Wayne, IN 46804-2237
Phone: 260-434-8512
Website: www.waterfieldcapital.com
Email: beckyt@waterfieldcapital.com
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Waterfield Foundation Inc fund?
The Foundation's mission emphasizes giving primarily for: • Housing • Recreation • Youth development • The environment • Services for people who are handicapped • Health and human services • Education • Arts and humanities • Community development
How do I apply for a grant from The Waterfield Foundation Inc?
**Grant Characteristics:** • Typical award range: $250–$166,407 • The Foundation made 65 grants in 2024 • Total giving in 2024: $398,297 **Recent Grant Examples (2024):** • Columbia University: $65,000 (Endowment) • Sundance Institute: $25,000 (General Operations) • Amani Family Services: $5,000 (General Operations) **Application Process:** Applicants must complete the Waterfield Foundation Grant Request Information Sheet and submit it along with supporting documentation. The completed form can…
Where does The Waterfield Foundation Inc make grants?
The Foundation has a strong commitment to Fort Wayne, Indiana and its surrounding community. Grants are not generally made for the purpose of providing services in other areas.
What size grants does The Waterfield Foundation Inc award?
In 2024, The Waterfield Foundation Inc awarded 53 grants totaling $398K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Waterfield Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Waterfield Foundation Inc reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Waterfield Foundation Inc's EIN?
The Waterfield Foundation Inc's EIN (Employer Identification Number) is 35-1872984. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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