The Watermark Foundation
The Watermark Foundation is a private foundation focused on Education, based in Triangle, VA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $313K in total assets. In 2025, it awarded 7 grants totaling $31K. Net investment income was $3K.
The Watermark Foundation at a glance
In short: The Watermark Foundation gave $31K across 7 grants in 2025 (avg $4K), top state Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,500
- +41.9% vs 2024
- Grants made (2025)
- 7
- +75.0% vs 2024
- Average grant
- $4,357
- -18.9% vs 2024
- Median grant
- $5,000
- Total assets
- $313,367
- +27.2% vs 2024
- Primary geography
- Virginia (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Watermark Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Guitars for Vets Inc ($6K). Together the top 7 received $31K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How The Watermark Foundation gives
- In 2025 it paid out 287% of its IRS minimum distribution (the 5% rule). 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
From 2023 to 2025, annual grant giving ranged from $20K (2023) to $31K (2025). In 2025 it made 7 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Guitars for Vets Inc Brookfield, WI | General Support | $6,000 |
| Kids on Point Inc Charleston, SC | General Support | $6,000 |
| Serve Our Willing Warriors (DBA - Willing Warriors) Haymarket, VA | General Support | $6,000 |
| Asis Foundation Inc Alexandria, VA | Scholarships for Military Personnel | $5,000 |
| The Institute for Veterans and Military Families Syracuse, NY | General Support | $5,000 |
| San Antonio Veterans Motorcycle Club Triangle, VA | School Supplies for Underserved Communities | $1,500 |
| Air Force Security Forces Foundation Inc Helotes, TX | General Support | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $313,367 | $104,717 | $37,702 | $30,500 | 7 | $36,172 | $3,213 | $12,599 |
| 2024 | $246,352 | $102,546 | $25,903 | $21,500 | 4 | $25,238 | $1,881 | $8,663 |
| 2023 | $169,709 | $100,326 | $30,617 | $19,500 | 3 | $30,230 | — | $4,537 |
| 2022 | $100,000 | $100,000 | — | — | — | — | — | $368 |
Under IRS private-foundation payout rules, The Watermark Foundation reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Watermark Foundation is led by Kevin Hodges, President on every filing since 2022; none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin Hodges
President
On filings since 2022
0.5 hrs/week
No compensation reported
Adam McLeod
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Anisha Zamman
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Fatima Hashimi
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Jeff Overholt
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Jenni Hesterman
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Julie Moffett
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Marek Zgol
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Richie Rodriguez
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Scott Foley
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Sheila Ribiero
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Stephen Padgett
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Angela Hodges
Vice President
On filings since 2022
0.5 hrs/week
No compensation reported
Jaci Fisher
Secretary
On filings since 2022
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Watermark Foundation
How much does The Watermark Foundation give each year?
The Watermark Foundation gave $31K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $22K across 4 grants.
What is The Watermark Foundation's typical grant size?
The Watermark Foundation's median grant in 2025 was $5,000, and its average grant was $4,357, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Watermark Foundation give grants?
The Watermark Foundation's top state is Virginia, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Wisconsin (20%) and South Carolina (20%).
Does The Watermark Foundation give general operating support?
Yes: 71% of The Watermark Foundation's 2025 grants with a stated purpose (5 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Watermark Foundation's largest grantees?
The Watermark Foundation's largest 2025 grantees include Guitars for Vets Inc ($6,000), Kids on Point Inc ($6,000) and Serve Our Willing Warriors (DBA - Willing Warriors) ($6,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
How large is The Watermark Foundation?
The Watermark Foundation reported $313K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
What is The Watermark Foundation?
The Watermark Foundation is a private foundation focused on Education, based in Triangle, VA. It holds $313K in total assets as of 2025.
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 2022–2025.
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 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in The Watermark Foundation's focus areas in our free grants database
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