Wateree Dreams Foundation
Wateree Dreams Foundation is a private foundation based in Rock Hill, South Carolina. Its 2025 filing reports grants to charitable organizations in North Carolina, South Carolina, and Georgia, including grants for scholarships and expenses.
Wateree Dreams Foundation at a glance
In short: Wateree Dreams Foundation gave $75K across 11 grants in 2025 (avg $7K), mostly in North Carolina. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $74,600
- +8.3% vs 2024
- Grants made (2025)
- 11
- +22.2% vs 2024
- Average grant
- $6,782
- -11.4% vs 2024
- Median grant
- $3,000
- Total assets
- $935,434
- +1.6% vs 2024
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2025; small sample)
- Primary geography
- North Carolina (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wateree Dreams Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 273 Blue Heron Drive, Rock Hill, SC 29732
Phone: (803) 327-9107
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wateree Dreams Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Reformed Theological Seminary ($44K). Together the top 10 received $74K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 60% of grant dollars went to recipients in North Carolina, 38% to recipients in South Carolina, and 1% to recipients in Georgia.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
Is Wateree Dreams Foundation open to new grantees?
30%
first-time grantees, 2025
In 2025, 3 of 10 grantees (30%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $3K; repeat grants $3K. How we count
Medians: $2K first-time, $3K repeat.
- 70% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−14%). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $69K (2024) to $87K (2022). In 2025 it made 11 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reformed Theological Seminary Charlotte, NC | Scholarships | $44,000 |
| Palmetto Womens Center Rock Hill, SC | Expenses | $6,200 |
| Ebenezer ARP Rock Hill, SC | Expenses | $5,200 |
| Redeeming Grace PCA Lake Wylie, SC | Expenses | $5,000 |
| Medical University of South Carolina Charleston, SC | Expenses | $3,000 |
| Wofford College Spartanburg, SC | Scholarships | $3,000 |
| The Marlie Dru Sullivan Foundation Rock Hill, SC | Expenses | $2,200 |
| Charleston Southern Charleston, SC | Expenses | $2,000 |
| North Charleston Dental Outreach Charleston, SC | Expenses | $2,000 |
| MWE School of Ministry Snellville, GA | Expenses | $1,000 |
Ready to take the next step with Wateree Dreams Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $935,434 | $57,752 | $82,162 | $74,600 | 11 | $74,600 | $57,752 |
| 2024 | $920,764 | $227,461 | $75,723 | $68,900 | 9 | $68,900 | $212,021 |
| 2023 | $858,644 | $31,354 | $82,307 | $74,200 | 10 | $74,200 | $21,006 |
| 2022 | $920,593 | $16,567 | $95,542 | $87,020 | 11 | $87,020 | $16,567 |
| 2021 | $900,004 | $72,402 | $83,151 | $81,400 | 10 | $81,400 | $56,962 |
| 2020 | $968,223 | $98,834 | $82,537 | $80,800 | 9 | — | $98,834 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s 2025 grants went to organizations including a theological seminary, churches, colleges, healthcare organizations, and community service organizations. The grant purposes listed in that filing include scholarships and expenses; the filing does not state a separate mission for the foundation.
Among its grantees, Palmetto Women’s Center describes providing pregnancy counseling, medical services, case management, parenting classes, and material resources at no charge. North Charleston Dental Outreach describes its work as providing dental care to people in need. Wofford College describes its purpose as functioning as a high-quality liberal arts institution, while the Medical University of South Carolina Foundation says it promotes the university’s educational, research, clinical, and other programs.
Grantmaking
In filing year 2025, the foundation reported 11 grants totaling $74,600. Grant amounts ranged from $1,000 to $44,000, with a median grant of $3,000.
The largest 2025 grant was $44,000 to Reformed Theological Seminary in Charlotte, North Carolina, for scholarships. Other grants included $6,200 to Palmetto Women’s Center and $5,200 to Ebenezer ARP, both in Rock Hill, South Carolina; $5,000 to Redeeming Grace PCA in Lake Wylie, South Carolina; and $3,000 each to the Medical University of South Carolina in Charleston and Wofford College in Spartanburg, for expenses and scholarships, respectively.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Richard K Carlisle as president and Kay M Carlisle as secretary.
Wateree Dreams Foundation is led by Richard K Carlisle, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard K Carlisle
President
On filings since 2020
10 hrs/week
No compensation reported
Kay M Carlisle
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Wateree Dreams Foundation
How much does Wateree Dreams Foundation give each year?
Wateree Dreams Foundation gave $75K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $69K across 9 grants.
What is Wateree Dreams Foundation's typical grant size?
Wateree Dreams Foundation's median grant in 2025 was $3,000, and its average grant was $6,782, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Wateree Dreams Foundation that year got $3K on average.
Where does Wateree Dreams Foundation give grants?
Wateree Dreams Foundation gives mostly in North Carolina: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (38%). The most frequent recipient cities were Rock Hill, SC (3 grants), Charleston, SC (3 grants) and Charlotte, NC (2 grants).
Does Wateree Dreams Foundation give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Wateree Dreams Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Expenses" (9 grants).
Who are Wateree Dreams Foundation's largest grantees?
Wateree Dreams Foundation's largest 2025 grantees include Reformed Theological Seminary ($44,000), Palmetto Womens Center ($6,200) and Ebenezer ARP ($5,200), according to its 2025 IRS Form 990-PF. Together they received 74% of its itemized 2025 grant dollars.
How large is Wateree Dreams Foundation?
Wateree Dreams Foundation reported $935K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $58K.
What does Wateree Dreams Foundation fund?
The foundation’s 2025 grants went to organizations including a theological seminary, churches, colleges, healthcare organizations, and community service organizations. See mission & focus areas ↑
How do I apply for a grant from Wateree Dreams Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Wateree Dreams Foundation's EIN?
Wateree Dreams Foundation's EIN (Employer Identification Number) is 56-2112579. IRS Form 990 filing data is available on this page for 2020–2025.
Does Wateree Dreams Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 7, 2024)
- 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 April 3, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Wateree Dreams Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Pee Dee Home Builders Scholarship Foundation
Florence, SC
Assets
$52K
Grants
6
Total Given
$9K
James Benjamin and Agnes M
Lexington, SC
This foundation funds scholarships through universities, colleges, and community colleges, with recent grants ranging from $5,000 to $55,000 and a median of $7,500. Recent funding went primarily to South Carolina and North Carolina, with additional grants in Virginia and Missouri. It provides a standard scholarship application and accepts applicants who contact Craig Clonts; no deadline is listed.
Assets
$2.2M
Grants
10
Total Given
$135K
C G Fuller Foundation
Dallas, TX
The foundation supports South Carolina 501(c)(3) organizations, with grants for community, educational, cultural, and social-service work, including general support and scholarships. In 2025, grants ranged from $2,500 to $30,000, with a median of $5,000. A mandatory grant form is available upon request; the filing does not state whether unsolicited requests are accepted.
Assets
$3.2M
Grants
20
Total Given
$181K
First Citizens Foundation Inc Co First
Raleigh, NC
The foundation supports education, arts and heritage, health, and community organizations, with most of its grant funding going to South Carolina and smaller amounts to North Carolina, California, and Tennessee. Its 2025 grants ranged from $4,000 to $100,000, with a median of $10,000; applicants are directed to contact Peter Bristow and complete a grant request form, and the filing states no award restrictions.
Assets
$12.5M
Grants
42
Total Given
$562K
More similar funders
More Funders in South Carolina
Cite this profile
Grantable. (2026). Wateree Dreams Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/wateree-dreams-foundation-morg_54950e7d126245ffb59a26494334ad7e
BibTeX
@misc{grantable_562112579_2026,
author = {{Grantable}},
title = {{Wateree Dreams Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wateree-dreams-foundation-morg_54950e7d126245ffb59a26494334ad7e},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Wateree Dreams Foundation'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.
Wateree Dreams Foundation down — hundreds of funders to go?