Walter Christian Development Foundation
Walter Christian Development Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.7M in total assets. In 2024, it awarded 6 grants totaling $1.4M. Net investment income was $1.5M.
Walter Christian Development Foundation at a glance
In short: Walter Christian Development Foundation gave $1.4M across 6 grants in 2024 (avg $233K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,395,000
- -0.4% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $232,500
- -33.6% vs 2023
- Median grant
- $250,000
- Total assets
- $24,699,460
- +0.5% vs 2023
- Primary geography
- Texas (64% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Walter Christian Development Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was College of Biblical Studies - Houston ($400K). Together the top 6 received $1.4M.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was in the $250–500K range: 6 grants of 23 (26%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Walter Christian Development Foundation gives
- Giving grew 31% from 2021 to 2024. Method
- In 2024 it paid out 89% 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
From 2020 to 2024, annual grant giving ranged from $300K (2022) to $1.9M (2020). In 2024 it made 6 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| College of Biblical Studies - Houston Houston, TX | Support | $400,000 |
| The Salvation Army Greater Houston Area Houston, TX | Support | $375,000 |
| Hope International Lancaster, PA | Support | $250,000 |
| Pulse Outreach Minneapolis, MN | Support | $250,000 |
| Star of Hope Mission Houston, TX | Support | $100,000 |
| Houston First Baptist Church Houston, TX | Support | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $24,699,460 | $1,618,160 | $1,501,453 | $1,395,000 | 6 | $1,399,261 | $1,491,054 | $1,568,665 |
| 2023 | $24,582,753 | $820,373 | $1,514,343 | $1,400,000 | 4 | $1,404,139 | $739,969 | $1,430,231 |
| 2022 | $25,276,723 | $940,839 | $405,898 | $300,000 | 3 | $303,533 | $824,913 | $1,431,809 |
| 2021 | $24,741,782 | $1,308,910 | $1,161,878 | $1,065,000 | 3 | $1,068,208 | $1,194,943 | $1,448,742 |
| 2020 | $24,594,750 | $3,735,647 | $1,949,458 | $1,865,004 | 7 | — | $583,894 | $1,295,468 |
Under IRS private-foundation payout rules, Walter Christian Development Foundation reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter Christian Development Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph Charles Walter III
Designating Trustee & Trustee
On filings since 2020
2 hrs/week
No compensation reported
Paula L. Walter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Steven D. Arnold
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Walter Christian Development Foundation
How much does Walter Christian Development Foundation give each year?
Walter Christian Development Foundation gave $1.4M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 4 grants.
What is Walter Christian Development Foundation's typical grant size?
Walter Christian Development Foundation's median grant in 2024 was $250,000, and its average grant was $232,500, across 6 grants on its 2024 IRS Form 990-PF.
Where does Walter Christian Development Foundation give grants?
Walter Christian Development Foundation gives mostly in Texas: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (18%) and Minnesota (18%). The most frequent recipient cities were Houston, TX (4 grants).
Does Walter Christian Development Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Walter Christian Development Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (6 grants).
Who are Walter Christian Development Foundation's largest grantees?
Walter Christian Development Foundation's largest 2024 grantees include College of Biblical Studies - Houston ($400,000), The Salvation Army Greater Houston Area ($375,000) and Hope International ($250,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is Walter Christian Development Foundation?
Walter Christian Development Foundation reported $24.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.6M (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.
What is Walter Christian Development Foundation's EIN?
Walter Christian Development Foundation's EIN (Employer Identification Number) is 20-8481719. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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Cite this profile
Grantable. (2026). Walter Christian Development Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/walter-christian-development-foundation-morg_b7197faadf96414f93f00129c2cbacde
BibTeX
@misc{grantable_208481719_2026,
author = {{Grantable}},
title = {{Walter Christian Development Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/walter-christian-development-foundation-morg_b7197faadf96414f93f00129c2cbacde},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Walter Christian Development Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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