Waterfall Arts Foundation is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 1 grants totaling $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25K
+7781.1% YoY
Annual Giving
$3K
-71.7% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$3K
+41.5% YoY
Under IRS private-foundation payout rules, Waterfall Arts Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Waterfall Arts Foundation
Based on IRS filings
Waterfall Arts Foundation is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 1 grants totaling $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,377 | $322 | $15,932 |
| Revenue | $121,907 | $82,372 | $42,828 |
| Expenses | $96,030 | $82,247 | $42,831 |
| Qualifying Distributions | $68,992 | $77,015 | $37,422 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,148 | $186 | $94 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jinwoo Lee ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Jinwoo Lee | Artist Grant | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kate Jungee Shin | President | 8 | — |
| Hee Sook Clair Fung | Treasurer | 20 | — |
| Dwight Jacobson | Director | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Waterfall Arts Foundation?
Waterfall Arts Foundation is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. It holds $25K in total assets as of 2024.
How large is Waterfall Arts Foundation?
As of 2024, Waterfall Arts Foundation holds $25K in total assets with $122K in annual revenue. It awarded 1 grants totaling $3K in 2024.
Where does Waterfall Arts Foundation operate?
Waterfall Arts Foundation has awarded grants in California, Maryland, New Jersey, New York.
What size grants does Waterfall Arts Foundation award?
In 2024, Waterfall Arts Foundation awarded 1 grants totaling $3K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Waterfall Arts Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Waterfall Arts Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Waterfall Arts Foundation's EIN?
Waterfall Arts Foundation's EIN (Employer Identification Number) is 83-4652160. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Waterfall Arts Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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