Walters Collegiate Institute
Walters Collegiate Institute is a private foundation, based in Richmond, KY. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $408K. Net investment income was $37K.
Walters Collegiate Institute at a glance
In short: Walters Collegiate Institute gave $408K across 1 grant in 2023 (avg $408K), mostly in Kentucky. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $407,868
- Grants made (2023)
- 1
- Average grant
- $407,868
- Median grant
- $407,868
- Primary geography
- Kentucky (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 Walters Collegiate Institute funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 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 Walters Collegiate Institute gives
- Giving grew 13496% from 2020 to 2023. Method
- In 2023 it paid out well above 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 2019 to 2023, annual grant giving ranged from $2K (2021) to $408K (2023). In 2023 it made 1 grant totaling $408K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $407,868 |
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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 | — | $38,039 | $414,473 | $407,868 | 1 | $407,868 | $36,539 | $17,134 |
| 2022 | $372,844 | $14,870 | $4,662 | — | — | — | $14,870 | $18,252 |
| 2021 | $333,817 | $21,862 | $3,611 | $2,000 | 1 | $2,000 | $21,862 | $19,433 |
| 2020 | $335,201 | $14,498 | $5,065 | $3,000 | 1 | — | $9,836 | $15,999 |
| 2019 | $334,940 | $14,152 | $3,541 | $6,000 | 1 | — | $14,152 | $13,017 |
Under IRS private-foundation payout rules, Walters Collegiate Institute reported a distributable amount of $17K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walters Collegiate Institute is led by Ben Frank Brown, Chair on the 2023 filing; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Ben Frank Brown
Chair
New on the 2023 filing
1 hr/week
No compensation reported
Alan Long
Vice Chair
New on the 2023 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Frank Brown (2019–2022) — Director
- Former: G. Alan Long (2019–2022) — Director
Data from IRS Form 990 filings, 2019–2023. "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 Walters Collegiate Institute
How much does Walters Collegiate Institute give each year?
Walters Collegiate Institute gave $408K across 1 grant in 2023, according to its 2023 IRS Form 990-PF.
Where does Walters Collegiate Institute operate?
Walters Collegiate Institute has awarded grants in Kentucky.
How much is Walters Collegiate Institute required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Walters Collegiate Institute reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walters Collegiate Institute's EIN?
Walters Collegiate Institute's EIN (Employer Identification Number) is 61-6035705. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2023
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