The Waters Foundation Inc
The Waters Foundation Inc is a private foundation, based in Savannah, GA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $10.9M in total assets. In 2023, it awarded 1 grant totaling $673K. Net investment income was $990K.
The Waters Foundation Inc at a glance
In short: The Waters Foundation Inc gave $673K across 1 grant in 2023 (avg $673K), mostly in Georgia. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $672,640
- -1.8% vs 2022
- Grants made (2023)
- 1
- +0.0% vs 2022
- Average grant
- $672,640
- -1.8% vs 2022
- Median grant
- $672,640
- Total assets
- $10,889,254
- +3.0% vs 2022
- Primary geography
- Georgia (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Waters Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was The Savannah Community Foundation ($673K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How The Waters Foundation Inc gives
- Giving grew 68% from 2020 to 2023. Method
- In 2023 it paid out 101% 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 2020 to 2023, annual grant giving ranged from $400K (2020) to $685K (2022). In 2023 it made 1 grant totaling $673K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Savannah Community Foundation Savannah, GA | Support Charitable Purpsose | $672,640 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $10,889,254 | $1,036,016 | $717,587 | $672,640 | 1 | $672,640 | $990,263 | $664,670 |
| 2022 | $10,570,826 | $751,585 | $719,584 | $685,204 | 1 | $685,204 | $182,823 | $695,515 |
| 2021 | $10,774,000 | $385,004 | $534,519 | $500,000 | 1 | $500,000 | $231,934 | $721,535 |
| 2020 | $10,923,515 | $155,906 | $474,699 | $400,000 | 1 | — | $177,666 | $665,460 |
Under IRS private-foundation payout rules, The Waters Foundation Inc reported a distributable amount of $665K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Waters Foundation Inc is led by Cynthia D. Waters, President on every filing since 2020; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Cynthia D. Waters
President
On filings since 2020
No compensation reported
Don L. Waters
Chairman
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Waters Foundation Inc
How much does The Waters Foundation Inc give each year?
The Waters Foundation Inc gave $673K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $685K across 1 grant.
How large is The Waters Foundation Inc?
The Waters Foundation Inc reported $10.9M in total assets on its 2023 IRS Form 990-PF. It paid out $673K in qualifying distributions that year, against a required minimum of $665K (roughly 5% of its investment assets).
Where does The Waters Foundation Inc operate?
The Waters Foundation Inc has awarded grants in Georgia.
What is The Waters Foundation Inc's EIN?
The Waters Foundation Inc's EIN (Employer Identification Number) is 20-5212596. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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