The Watermans Fund
The Watermans Fund is a private foundation, based in Saint Michaels, MD. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $70K in total assets. In 2026, it made $900 in qualifying distributions. Net investment income was $85.
The Watermans Fund at a glance
- Total assets
- $69,693
- -1.2% vs 2025
- Revenue (2026)
- $985
- -98.1% vs 2025
- Qualifying distributions (2026)
- $900
- -84.5% vs 2025
- Expenses (2026)
- $1,800
- -72.9% vs 2025
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The Watermans Fund funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Watermans Fund gives
- In 2026 it paid out 14% 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
In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chesapeake Multicultural Resource Center Easton, MD | General Funding | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,693 | $985 | $1,800 | — | — | $900 | $85 | $6,243 |
| 2025 | $70,508 | $50,791 | $6,650 | $5,000 | 1 | $5,825 | $53 | $2,147 |
| 2024 | $26,367 | $18 | $3,378 | — | — | $1,664 | — | $1,423 |
| 2023 | $29,727 | $21 | $189 | — | — | $94 | — | $1,238 |
| 2022 | $29,895 | $36,428 | $6,533 | — | — | $3,267 | — | $477 |
Under IRS private-foundation payout rules, The Watermans Fund reported a distributable amount of $6K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Watermans Fund is led by Mary L. Sachs, President & Treasurer since 2022 (on filings since 2021); none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
Mary L. Sachs
President & Treasurer
President → President & Treasurer, 2022
On filings since 2021
1 hr/week
No compensation reported
Charish G. Arthur
Vice President & Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Charish G. Campbell (2021) — Director
Data from IRS Form 990 filings, 2021–2026. "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 Watermans Fund
How large is The Watermans Fund?
The Watermans Fund reported $70K in total assets on its 2026 IRS Form 990-PF. It paid out $900 in qualifying distributions that year, against a required minimum of $6K (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.
Where does The Watermans Fund operate?
The Watermans Fund has awarded grants in Maryland.
What is The Watermans Fund's EIN?
The Watermans Fund's EIN (Employer Identification Number) is 87-2223455. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 18, 2026)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in The Watermans Fund's focus areas in our free grants database
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