Walters Family Foundation
Walters Family Foundation is a private foundation, based in Mountainside, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 6 grants totaling $167K. Net investment income was $97K.
Walters Family Foundation at a glance
In short: Walters Family Foundation gave $167K across 6 grants in 2024 (avg $28K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $166,850
- -96.5% vs 2023
- Grants made (2024)
- 6
- +200.0% vs 2023
- Average grant
- $27,808
- -98.8% vs 2023
- Median grant
- $16,713
- Total assets
- $2,413,858
- -3.6% vs 2023
- Primary geography
- New York (63% 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 Walters Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was New York Presbyterian Fund ($100K). Together the top 6 received $167K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 11 grants of 19 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Walters Family Foundation gives
- Giving fell 43% from 2021 to 2024. Method
- In 2024 it paid out 146% 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 2024, annual grant giving ranged from $167K (2024) to $4.7M (2023). In 2024 it made 6 grants totaling $167K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New York Presbyterian Fund New York, NY | Medical | $100,000 |
| Jody and Bruce Friedman Fund Whippany, NJ | General | $27,425 |
| Lori and Steven Klinghoffer Fund Whippany, NJ | General Charitable | $27,425 |
| Temple B'nai Abraham Livingston, NJ | General Charitable | $6,000 |
| Advanced Pulmonary Research Fellowship Fund New York, NY | Medical | $5,000 |
| Foundation for Morristown Medical Center Morristown, NJ | Medical | $1,000 |
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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 | $2,413,858 | $105,661 | $195,321 | $166,850 | 6 | $166,850 | $96,932 | $114,422 |
| 2023 | $2,503,518 | $628,695 | $4,838,722 | $4,736,071 | 2 | $4,741,121 | $554,801 | $322,362 |
| 2022 | $6,713,545 | $253,490 | $307,717 | $260,000 | 2 | $260,000 | $216,929 | $346,350 |
| 2021 | $6,767,772 | $463,812 | $338,591 | $293,500 | 4 | $293,500 | $425,470 | $384,897 |
| 2020 | $6,642,551 | $242,699 | $334,785 | $297,500 | 5 | — | $210,356 | $344,767 |
Under IRS private-foundation payout rules, Walters Family Foundation reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walters Family Foundation is led by Robin K. Walters, Trustee & V. President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Robin K. Walters
Trustee & V. President
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (2)
- Former: Jody Friedman (2020–2023) — Trustee, President & Treasurer -
- Former: Lori K. Klinghoffer (2020–2023) — Trustee, President & Treasurer -
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 Walters Family Foundation
How much does Walters Family Foundation give each year?
Walters Family Foundation gave $167K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.7M across 2 grants.
What is Walters Family Foundation's typical grant size?
Walters Family Foundation's median grant in 2024 was $16,713, and its average grant was $27,808, across 6 grants on its 2024 IRS Form 990-PF.
Where does Walters Family Foundation give grants?
Walters Family Foundation gives mostly in New York: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (37%). The most frequent recipient cities were New York, NY (2 grants) and Whippany, NJ (2 grants).
Does Walters Family Foundation give general operating support?
Yes: 50% of Walters Family Foundation's 2024 grants with a stated purpose (3 of 6) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Medical" (3 grants).
Who are Walters Family Foundation's largest grantees?
Walters Family Foundation's largest 2024 grantees include New York Presbyterian Fund ($100,000), Jody and Bruce Friedman Fund ($27,425) and Lori and Steven Klinghoffer Fund ($27,425), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is Walters Family Foundation?
Walters Family Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $167K in qualifying distributions that year, against a required minimum of $114K (roughly 5% of its investment assets).
What is Walters Family Foundation's EIN?
Walters Family Foundation's EIN (Employer Identification Number) is 22-3518906. 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
Live grants for the work Walters Family Foundation funds
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