Waterford Foundation
Waterford Foundation is a private foundation based in Fresno, California. Its filings report grants totaling $999,600 to 12 organizations in 2022 and no grants in 2023.
Waterford Foundation at a glance
- Total assets
- $3,209,181
- -2.3% vs 2022
- Revenue (2023)
- $78
- -100.0% vs 2022
- Qualifying distributions (2023)
- $22,418
- -97.8% vs 2022
- Expenses (2023)
- $76,118
- -92.8% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Waterford Foundation
- How to Apply
-
The 2023 filing says applications should be submitted in letter form and include all information the applicant wants considered. Awards may not be made to relatives of officers, directors, or managers.
- Contact
Application contact: Darius Assemi
Mailing address: 5260 N Palm Avenue Suite 421, Fresno, CA 93704
Phone: (559) 436-0900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Waterford Foundation funds
How this funder distributes its grants
Grant Size Distribution
33 grants across all recorded years
The most common grant size was in the $50–100K range: 24 grants of 33 (73%).
Geographic Focus
Where this funder awards grants
The listed 2022 grants went to organizations in Fresno and Clovis, California.
Grant Distribution by State
States
Cities
Is Waterford Foundation open to new grantees?
8%
first-time grantees, 2022
In 2022, 1 of 12 grantees (8%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $96K; repeat grants $82K. How we count
Medians: $96K first-time, $82K repeat.
- 92% of 2022 grantees were also funded in 2021. Method
- In 2023 it paid out 24% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2022). 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 2022, annual grant giving ranged from $800K (2020) to $1000K (2022). In 2022 it made 12 grants totaling $1000K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central California Food Bank Fresno, CA | Support | $143,310 |
| Foundation for Clovis Schools Clovis, CA | Support | $103,410 |
| Fresno Rescue Mission Fresno, CA | Support | $95,510 |
| Breaking the Chains Fresno, CA | Support | $86,110 |
| Foundation for Central Schools Fresno, CA | Support | $83,410 |
| Foundation for Sanger Schools Sanger, CA | Support | $82,910 |
| Angels of Grace Inc Fresno, CA | Support | $82,410 |
| The Art of Life Cancer Foundation Fresno, CA | Support | $80,610 |
| Parents and Addicts in Need Fresno, CA | Support | $75,910 |
| CASA of Fresno and Madera Counties Fresno, CA | Support | $73,710 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $3,209,181 | $78 | $76,118 | — | — | $22,418 | — | $93,784 |
| 2022 | $3,284,330 | $999,634 | $1,061,363 | $999,600 | 12 | $1,014,280 | — | $106,571 |
| 2021 | $3,344,034 | $815,620 | $870,679 | $800,000 | 11 | $817,324 | $9,465 | $93,952 |
| 2020 | $3,410,166 | $794,104 | $897,528 | $800,000 | 10 | — | — | $68,441 |
Under IRS private-foundation payout rules, Waterford Foundation reported a distributable amount of $94K for 2023 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants included support for organizations with varied missions. For example, Central California Food Bank describes its mission as ending hunger in Central California, and the Foundation for Clovis Schools says it funds innovative classroom ideas and educational programs. Fresno Rescue Mission describes providing practical, material, and spiritual assistance to people experiencing homelessness and to neglected or abused children. Breaking the Chains says it provides hope, healing, and restoration to survivors of human trafficking.
Other 2022 grantees included organizations whose stated missions involve student development, foster care, and preventing prescription and other drug abuse while supporting affected individuals and families.
Grantmaking
In 2022, the foundation reported $999,600 in grants across 12 grants, an average of $83,300 per grant. In 2021, it reported $800,000 across 11 grants. The 2023 filing reported no grants.
Notable 2022 grants included $143,310 to Central California Food Bank, $103,410 to Foundation for Clovis Schools, $95,510 to Fresno Rescue Mission Inc, $86,110 to Breaking the Chains, $83,410 to Foundation for Central Schools, $82,410 to Angels of Grace Inc, and $75,910 to Pain Parents and Addicts in Need.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2023 filing are Darius Assemi, president; Farshid Assemi and Farid Assemi, senior vice presidents; Nader Assemi and Neema Assemi, vice presidents; Steven G Rau, secretary; and Jason Hollrah, CFO.
Waterford Foundation is led by Darius Assemi, President on every filing since 2020; none of the 7 officers listed in 2023 report compensation.
Officers on the 2023 filing
Darius Assemi
President
On filings since 2020
1 hr/week
No compensation reported
Farid Assemi
Senior Vice President
On filings since 2020
1 hr/week
No compensation reported
Farshid Assemi
Senior Vice President
On filings since 2020
1 hr/week
No compensation reported
Jason Hollrah
CFO
On filings since 2020
1 hr/week
No compensation reported
Nader Assemi
Vice President
On filings since 2020
1 hr/week
No compensation reported
Neema Assemi
Vice President
On filings since 2020
1 hr/week
No compensation reported
Steven G. Rau
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Kevin Assemi (2020–2021) — Vice President
Data from IRS Form 990 filings, 2020–2023. "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 Waterford Foundation
How large is Waterford Foundation?
Waterford Foundation reported $3.2M in total assets on its 2023 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $94K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Waterford Foundation fund?
No mission statement for the foundation is provided. Its grants included support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Waterford Foundation?
The 2023 filing says applications should be submitted in letter form and include all information the applicant wants considered. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Waterford Foundation make grants?
The listed 2022 grants went to organizations in Fresno and Clovis, California.
What is Waterford Foundation's EIN?
Waterford Foundation's EIN (Employer Identification Number) is 77-0437521. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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Figures come from Waterford 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.
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