Waterfall Foundation
Waterfall Foundation is a private foundation, based in Mesilla, NM. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $476K in total assets. In 2025, it awarded 7 grants totaling $48K. Net investment income was $2K.
Waterfall Foundation at a glance
In short: Waterfall Foundation gave $48K across 7 grants in 2025 (avg $7K), top state New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $48,013
- -27.9% vs 2024
- Grants made (2025)
- 7
- -53.3% vs 2024
- Average grant
- $6,859
- +54.5% vs 2024
- Median grant
- $8,003
- Total assets
- $476,173
- +1.5% vs 2024
- Primary geography
- New Mexico (46% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Waterfall Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Shepherds in Training ($12K). Together the top 7 received $48K.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 48 grants of 48 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Waterfall Foundation gives
- Giving grew 37% from 2022 to 2025. Method
- In 2025 it paid out 118% 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 $30K (2019) to $67K (2024). In 2025 it made 7 grants totaling $48K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shepherds in Training Rio Rancho, NM | Veteran Service Dog Training | $12,003 |
| Earth Percent New York, NY | Help Climate & Biodiversity | $10,000 |
| Rio Grande Honor Flight Las Cruces, NM | To Support Veterans | $10,000 |
| The Weston a Price Foundation Washington, DC | Promote Nutrient Dense Foods | $8,003 |
| Oh My Jaw New York, NY | TMJ and Related Illnesses | $4,000 |
| Charlie Daniels Journey Home Projec Mt Juliet, TN | To Support Veterans | $2,004 |
| NAMI NYC New York, NY | Mental Ilness Assistance | $2,003 |
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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 | $476,173 | $69,443 | $62,433 | $48,013 | 7 | $50,970 | $2,228 | $43,116 |
| 2024 | $469,163 | $49,526 | $80,364 | $66,580 | 15 | $66,580 | — | $40,552 |
| 2023 | $499,999 | $41,521 | $11,687 | $33,091 | 9 | $33,091 | $1,385 | $33,489 |
| 2022 | $470,165 | $33,138 | $44,943 | $35,101 | 11 | $35,101 | $3,181 | $33,091 |
| 2021 | $481,970 | $69,871 | $40,174 | $30,000 | 6 | $30,000 | $4,997 | $35,641 |
| 2020 | $452,273 | $35,198 | $38,699 | $30,000 | 5 | — | $2,903 | $30,504 |
| 2019 | $455,774 | $33,374 | $37,923 | $30,000 | 1 | — | $4,152 | $29,152 |
Under IRS private-foundation payout rules, Waterfall Foundation reported a distributable amount of $43K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Waterfall Foundation is led by Bonnie Poloner, President & Director on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bonnie Poloner
President & Director
On filings since 2019
No compensation reported
Harry Poloner
Vice President & Director
On filings since 2019
No compensation reported
Matthew Poloner
Secretary & Director
On filings since 2019
No compensation reported
Suzanne Stone
Treasurer & Director
On filings since 2019
No compensation reported
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.
Frequently asked questions about Waterfall Foundation
How much does Waterfall Foundation give each year?
Waterfall Foundation gave $48K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 15 grants.
What is Waterfall Foundation's typical grant size?
Waterfall Foundation's median grant in 2025 was $8,003, and its average grant was $6,859, across 7 grants on its 2025 IRS Form 990-PF.
Where does Waterfall Foundation give grants?
Waterfall Foundation's top state is New Mexico, with 46% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (33%) and District of Columbia (17%). The most frequent recipient cities were New York, NY (3 grants).
Does Waterfall Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Waterfall Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Waterfall Foundation's largest grantees?
Waterfall Foundation's largest 2025 grantees include Shepherds in Training ($12,003), Earth Percent ($10,000) and Rio Grande Honor Flight ($10,000), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Waterfall Foundation?
Waterfall Foundation reported $476K in total assets on its 2025 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets).
What is Waterfall Foundation's EIN?
Waterfall Foundation's EIN (Employer Identification Number) is 85-0362898. 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 6, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Waterfall Foundation's focus areas in our free grants database
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