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
In short: Waterford Foundation gave $641K across 9 grants in 2025 (avg $71K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $641,400
- -86.6% vs 2024
- Grants made (2025)
- 9
- +800.0% vs 2024
- Average grant
- $71,267
- -98.5% vs 2024
- Median grant
- $76,420
- Total assets
- $434,308
- -59.4% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
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
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Central California Food Bank ($125K). Together the top 9 received $641K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was in the $50–100K range: 23 grants of 33 (70%).
Geographic Focus
Where this funder awards grants
The listed 2022 grants went to organizations in Fresno and Clovis, California.
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Waterford Foundation gives
- Giving fell 36% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2020 to 2025, annual grant giving ranged from $641K (2025) to $4.8M (2024). In 2025 it made 9 grants totaling $641K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central California Food Bank Fresno, CA | Support | $124,520 |
| Buy Sell Rescue Inc Fresno, CA | Support | $94,920 |
| Angels of Grace Inc Fresno, CA | Support | $82,220 |
| Fresno Police Chaplaincy Fresno, CA | Support | $80,820 |
| Fresno Rescue Mission Fresno, CA | Support | $76,420 |
| CASA of Fresno and Madera Counties Fresno, CA | Support | $59,900 |
| Foundation for Sanger Schools Sanger, CA | Support | $53,700 |
| Breaking the Chains Fresno, CA | Support | $42,500 |
| Pain (Parents and Addicts in Needs) Fresno, CA | Support | $26,400 |
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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 | $434,308 | $8,641 | $641,400 | $641,400 | 9 | $641,400 | — | $20,518 |
| 2024 | $1,070,650 | $2,708,210 | $4,849,325 | $4,774,209 | 1 | $4,813,340 | $2,070,162 | $23,159 |
| 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 $21K for 2025 — 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. Its 2025 filing, the latest on this page, reports 9 grants totaling $641,400.
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 2025 report compensation.
Officers on the 2025 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, 2020–2025. "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 Waterford Foundation
How much does Waterford Foundation give each year?
Waterford Foundation gave $641K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.8M across 1 grant.
What is Waterford Foundation's typical grant size?
Waterford Foundation's median grant in 2025 was $76,420, and its average grant was $71,267, across 9 grants on its 2025 IRS Form 990-PF.
Where does Waterford Foundation give grants?
Waterford Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fresno, CA (8 grants).
Does Waterford Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Waterford Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (9 grants).
Who are Waterford Foundation's largest grantees?
Waterford Foundation's largest 2025 grantees include Central California Food Bank ($124,520), Buy Sell Rescue Inc ($94,920) and Angels of Grace Inc ($82,220), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.
How large is Waterford Foundation?
Waterford Foundation reported $434K in total assets on its 2025 IRS Form 990-PF. It paid out $641K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
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 ↑
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 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS September 1, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 1, 2026)
- IRS filings on file for fiscal years 2020–2023
Live grants for the work Waterford Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Waterford Foundation's focus areas in our free grants database
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