Walter Christian Development Foundation
Walter Christian Development Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.7M
+0.5% YoY
Annual Giving
$1.4M
-0.4% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$233K
-33.6% YoY
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.
About Walter Christian Development Foundation
Based on IRS filings
Walter Christian Development Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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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 | $24,699,460 | $24,582,753 | $25,276,723 |
| Revenue | $1,618,160 | $820,373 | $940,839 |
| Expenses | $1,501,453 | $1,514,343 | $405,898 |
| Qualifying Distributions | $1,399,261 | $1,404,139 | $303,533 |
| Net Investment Income | $1,491,054 | $739,969 | $824,913 |
| Distributable Amount | $1,568,665 | $1,430,231 | $1,431,809 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include College of Biblical Studies - Houston ($400,000), The Salvation Army Greater Houston Area ($375,000), Hope International ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLLEGE OF BIBLICAL STUDIES - HOUSTON HOUSTON, TX | SUPPORT | $400,000 |
| HOPE INTERNATIONAL LANCASTER, PA | SUPPORT | $250,000 |
| PULSE OUTREACH MINNEAPOLIS, MN | SUPPORT | $250,000 |
| STAR OF HOPE MISSION HOUSTON, TX | SUPPORT | $100,000 |
| THE SALVATION ARMY GREATER HOUSTON AREA HOUSTON, TX | SUPPORT | $375,000 |
| HOUSTON FIRST BAPTIST CHURCH HOUSTON, TX | SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH CHARLES WALTER III | DESIGNATING TRUSTEE & TRUS | 2 | — |
| PAULA L WALTER | TRUSTEE | 1 | — |
| STEVEN D ARNOLD | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Walter Christian Development Foundation?
Walter Christian Development Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $24.7M in total assets as of 2024.
How large is Walter Christian Development Foundation?
As of 2024, Walter Christian Development Foundation holds $24.7M in total assets with $1.6M in annual revenue. It awarded 6 grants totaling $1.4M in 2024.
Where does Walter Christian Development Foundation operate?
Walter Christian Development Foundation has awarded grants in California, Colorado, Minnesota, Pennsylvania, Texas.
What size grants does Walter Christian Development Foundation award?
In 2024, Walter Christian Development Foundation awarded 6 grants totaling $1.4M — an average of about $233K per grant, based on its IRS Form 990 filings.
How much is Walter Christian Development Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter Christian Development Foundation reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Walter Christian Development Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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