Waterfowl Research Foundation Inc
Waterfowl Research Foundation Inc is a private foundation focused on Environment, based in Cranbury, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.7M in total assets. In 2025, it awarded 4 grants totaling $441K. Net investment income was $180K.
Key facts about Waterfowl Research Foundation Inc
In short: Waterfowl Research Foundation Inc gave $441K across 4 grants in 2025 (avg $110K), mostly in North Dakota. Source: 2025 IRS Form 990-PF.
- EIN
- 13-6122167
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $441,000
- Grants made (2025)
- 4
- Average grant
- $110,250
- Median grant
- $55,500
- Total assets
- $5,724,541
- Primary geography
- North Dakota (68% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.7M
-4.4% YoY
Annual Giving
$441K
-15.1% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$110K
+6.1% YoY
Under IRS private-foundation payout rules, Waterfowl Research Foundation Inc reported a distributable amount of $536K for 2025 — the minimum it must pay out in qualifying distributions.
How Waterfowl Research Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $404K (2022) to $520K (2024). In 2025 it made 4 grants totaling $441K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Delta Waterfowl Research ($300K). Together the top 4 received $441K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 18 grants of 28 (64%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Delta Waterfowl Research Bismarck, ND | General Purpose | $300,000 |
| Ducks Unlimited Memphis, TN | General Purpose | $71,000 |
| ESF College Foundation Syracuse, NY | General Purpose | $40,000 |
| Long Island Wildlife Foundation Abquebogue, NY | General Purpose | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,724,541 | $5,987,367 | $6,214,067 |
| Revenue | $250,630 | $380,847 | $591,055 |
| Expenses | $513,456 | $607,547 | $492,782 |
| Qualifying Distributions | $443,038 | $519,920 | $411,860 |
| Net Investment Income | $180,212 | $163,754 | $522,519 |
| Distributable Amount | $536,106 | $509,158 | $449,702 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Waterfowl Research Foundation Inc is led by Arthur C. Romaine, Chairman on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Arthur C. Romaine
Chairman
On filings since 2020
1 hr/week
No compensation reported
Gerard A. Dimino
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Benjamin Cambell
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Edward L. Shugrue (2020) — Treasurer
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 Waterfowl Research Foundation Inc
How much does Waterfowl Research Foundation Inc give each year?
Waterfowl Research Foundation Inc gave $441K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $520K across 5 grants.
What is Waterfowl Research Foundation Inc's typical grant size?
Waterfowl Research Foundation Inc's median grant in 2025 was $55,500, and its average grant was $110,250, across 4 grants on its 2025 IRS Form 990-PF.
Where does Waterfowl Research Foundation Inc give grants?
Waterfowl Research Foundation Inc gives mostly in North Dakota: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (16%) and New York (16%).
Does Waterfowl Research Foundation Inc give general operating support?
Yes: 100% of Waterfowl Research Foundation Inc's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Waterfowl Research Foundation Inc?
Waterfowl Research Foundation Inc reported $5.7M in total assets on its 2025 IRS Form 990-PF. It paid out $443K in qualifying distributions that year, against a required minimum of $536K (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 is Waterfowl Research Foundation Inc?
Waterfowl Research Foundation Inc is a private foundation focused on Environment, based in Cranbury, NJ. It holds $5.7M in total assets as of 2025.
What is Waterfowl Research Foundation Inc's EIN?
Waterfowl Research Foundation Inc's EIN (Employer Identification Number) is 13-6122167. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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