Walters Collegiate Institute

Private foundation · Grantmaker Richmond, KY EIN: 61-6035705

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

3<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2023 grant dollars on its one itemized grant.

States

Cities

Richmond

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

$0$200K$400K$600K1 grant2019 1 grant2020 1 grant2021 0 grants2022 1 grant2023

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

RecipientPurposeAmount
1 individual scholarship Recipients not named —$407,868
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2023—$38,039$414,473$407,8681$407,868$36,539$17,134
2022$372,844$14,870$4,662———$14,870$18,252
2021$333,817$21,862$3,611$2,0001$2,000$21,862$19,433
2020$335,201$14,498$5,065$3,0001—$9,836$15,999
2019$334,940$14,152$3,541$6,0001—$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

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  4. IRS filings on file for fiscal years 2020–2023

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Walters Collegiate Institute'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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