The Watermark Foundation is a private foundation focused on Education, based in TRIANGLE, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $246K in total assets. In 2024, it awarded 4 grants totaling $22K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$246K
+45.2% YoY
Annual Giving
$22K
+10.3% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$5K
-17.3% YoY
Under IRS private-foundation payout rules, The Watermark Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About The Watermark Foundation
Based on IRS filings
The Watermark Foundation is a private foundation focused on Education, based in TRIANGLE, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $246K in total assets. In 2024, it awarded 4 grants totaling $22K. Net investment income was $2K.
Focus Areas
Ready to take the next step with The Watermark Foundation?
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 | $246,352 | $169,709 | $100,000 |
| Revenue | $102,546 | $100,326 | $100,000 |
| Expenses | $25,903 | $30,617 | — |
| Qualifying Distributions | $25,238 | $30,230 | — |
| Net Investment Income | $1,881 | — | — |
| Distributable Amount | $8,663 | $4,537 | $368 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Institute for Veterans and Military Families ($10,000), Asis Foundation ($5,000), Habitat for Humanity Dekalb ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIS FOUNDATION ALEXANDRIA, VA | SCHOLARSHIPS FOR MILITARY PERSONNEL | $5,000 |
| HABITAT FOR HUMANITY DEKALB TUCKER, GA | GENERAL SUPPORT | $5,000 |
| SAN ANTONIO VETERANS MOTORCYCLE CLUB TRIANGLE, VA | SCHOOL SUPPLIES FOR UNDERSERVED COMMUNITIES | $1,500 |
| THE INSTITUTE FOR VETERANS AND MILITARY FAMILIES SYRACUSE, NY | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN HODGES | PRESIDENT | 0.5 | — |
| ANGELA HODGES | VICE PRESIDENT | 0.5 | — |
| JACI FISHER | SECRETARY | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Watermark Foundation?
The Watermark Foundation is a private foundation focused on Education, based in TRIANGLE, VA. It holds $246K in total assets as of 2024.
How large is The Watermark Foundation?
As of 2024, The Watermark Foundation holds $246K in total assets with $103K in annual revenue. It awarded 4 grants totaling $22K in 2024.
Where does The Watermark Foundation operate?
The Watermark Foundation has awarded grants in Georgia, New York, Virginia.
What size grants does The Watermark Foundation award?
In 2024, The Watermark Foundation awarded 4 grants totaling $22K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Watermark Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Watermark Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Watermark Foundation's EIN?
The Watermark Foundation's EIN (Employer Identification Number) is 88-4316769. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Watermark Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
THDF II Inc DBA
ATLANTA, GA
Assets
$267.4M
Grants
166
Total Given
$63.7M
The Ben and Shania Grubbs Family
MILTON, GA
Assets
$1.6M
Grants
14
Total Given
$148K
United Way of Greater Atlanta Inc
ATLANTA, GA
Assets
$109.0M
Grants
269
Total Given
$41.0M
The Goldman Sachs Foundation
NEW YORK, NY
Assets
$690.5M
Grants
42
Total Given
$40.3M
Local Initiatives Support Corporation
NEW YORK, NY
Assets
$1.6B
Grants
1,119
Total Given
$102.8M
Publix Super Markets Charities Inc
LAKELAND, FL
Assets
$233.8M
Grants
3,269
Total Given
$52.5M
Natl Christian Charitable Fdn Inc
ALPHARETTA, GA
Assets
$6.1B
Grants
16,327
Total Given
$2.6B
The Imlay Foundation Inc
ATLANTA, GA
Assets
$48.5M
Grants
152
Total Given
$12.1M
Desert Financial Credit Union
PHOENIX, AZ
Assets
$8.8B
Grants
59
Total Given
$2.1M
The Community Foundation for Greater
ATLANTA, GA
Assets
$1.5B
Grants
1,414
Total Given
$152.3M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Mightycause Charitable Foundation
MARIANNA, FL
Assets
$6.6M
Grants
3,309
Total Given
$82.3M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Watermark Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities