Walters Foundation
Walters Foundation is a private foundation, based in Santa Barbara, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 7 grants totaling $105K. Net investment income was $236K.
Walters Foundation at a glance
In short: Walters Foundation gave $105K across 7 grants in 2025 (avg $15K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $105,000
- -68.8% vs 2024
- Grants made (2025)
- 7
- -58.8% vs 2024
- Average grant
- $15,000
- -24.3% vs 2024
- Median grant
- $15,000
- Total assets
- $3,056,674
- +1.0% vs 2024
- Primary geography
- Oregon (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Walters Foundation
Open Grants
1 open opportunity from Walters Foundation
Who Walters Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Miss Oregon Scholarship Program ($30K). Together the top 7 received $105K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 40 grants of 44 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Walters Foundation gives
- Giving fell 26% from 2022 to 2025. Method
- In 2025 it paid out 102% 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 2019 to 2025, annual grant giving ranged from $86K (2019) to $337K (2024). In 2025 it made 7 grants totaling $105K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Miss Oregon Scholarship Program Portland, OR | In Furtherance of 501(C)(3) Exempt Purpose | $30,000 |
| Smart Reading Portland, OR | In Furtherance of 501(C)(3) Exempt Purpose | $15,000 |
| Portland Rescue Mission Portland, OR | In Furtherance of 501(C)(3) Exempt Purpose | $15,000 |
| Kathys Place Portland, OR | In Furtherance of 501(C)(3) Exempt Purpose | $15,000 |
| Assistance League of Eugene Eugene, OR | In Furtherance of 501(C)(3) Exempt Purpose | $10,000 |
| Every Child Lane County Eugene, OR | In Furtherance of 501(C)(3) Exempt Purpose | $10,000 |
| Hosea Youth Services Eugene, OR | In Furtherance of 501(C)(3) Exempt Purpose | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,056,674 | $318,198 | $271,324 | $105,000 | 7 | $213,466 | $236,487 | $210,001 |
| 2024 | $3,025,708 | $302,112 | $453,027 | $336,893 | 17 | $415,873 | $268,445 | $218,121 |
| 2023 | $3,152,403 | $67,151 | $16,806 | — | — | $9,598 | $59,943 | $47,846 |
| 2022 | $3,186,385 | $230,248 | $248,434 | $142,500 | 10 | $208,627 | $194,681 | $202,224 |
| 2021 | $3,204,571 | $282,206 | $247,934 | $140,899 | 10 | — | $227,141 | $211,642 |
| 2020 | $3,181,959 | $-36,520 | $191,879 | $88,261 | 14 | — | $37,407 | $170,315 |
| 2019 | $3,398,698 | $91,346 | $194,208 | $85,600 | 8 | — | $58,522 | $169,455 |
Under IRS private-foundation payout rules, Walters Foundation reported a distributable amount of $210K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walters Foundation is led by Clifford Walters, President on every filing since 2019; 4 of 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Clifford Walters
President
On filings since 2019
8 hrs/week
$11K (2019) → $24K (2025)
Randal Unterseher
Vice President
On filings since 2019
8 hrs/week
$3K (2019) → $24K (2025)
Tamberly Couch
Secretary & Treasurer
Board Member → Secretary, 2021
Secretary → Secretary & Treasurer, 2022
On filings since 2019
0.5 hrs/week
$7K (2019) → $21K (2025)
Wendy Olsen
Board Member
On filings since 2021
0.5 hrs/week
$2K (2021) → $2K (2025)
Sue Neal
Board Member
On filings since 2022
0.5 hrs/week
$200 (2022) → $0 (2025)
Paul Emerson
Board Member
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Jerry Erwin (2019–2022) — Treasurer
- Former: Phillip H. Waller (2019–2021) — Board Member
- Former: S. Jamie Ali (2019–2021) — Board Member
- Former: Mindy Youngs (2019) — Former Vice President · Filing note: Resigned 92019
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $24K, to Clifford Walters (President). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Walters Foundation
How much does Walters Foundation give each year?
Walters Foundation gave $105K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $337K across 17 grants.
What is Walters Foundation's typical grant size?
Walters Foundation's median grant in 2025 was $15,000, and its average grant was $15,000, across 7 grants on its 2025 IRS Form 990-PF.
Where does Walters Foundation give grants?
Walters Foundation gives mostly in Oregon: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Portland, OR (4 grants) and Eugene, OR (3 grants).
Who are Walters Foundation's largest grantees?
Walters Foundation's largest 2025 grantees include Miss Oregon Scholarship Program ($30,000), Smart Reading ($15,000) and Portland Rescue Mission ($15,000), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.
How large is Walters Foundation?
Walters Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $213K in qualifying distributions that year, against a required minimum of $210K (roughly 5% of its investment assets).
What is Walters Foundation's EIN?
Walters Foundation's EIN (Employer Identification Number) is 93-1280994. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 15, 2022)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 1, 2026)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Walters Foundation's focus areas in our free grants database
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