Waterman Medical Foundation
Waterman Medical Foundation is a private foundation focused on Health, based in Dallas, TX. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $3.2M in total assets. In 2026, it awarded 2 grants totaling $187K. Net investment income was $974K.
Waterman Medical Foundation at a glance
In short: Waterman Medical Foundation gave $187K across 2 grants in 2026 (avg $93K), mostly in Washington. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $186,674
- +14.8% vs 2025
- Grants made (2026)
- 2
- +0.0% vs 2025
- Average grant
- $93,337
- +14.8% vs 2025
- Median grant
- $93,337
- Total assets
- $3,205,720
- +31.0% vs 2025
- Primary geography
- Washington (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Waterman Medical Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Providence General Foundation ($93K). Together the top 2 received $187K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $50–100K range: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
How Waterman Medical Foundation gives
- Giving held roughly steady from 2023 to 2026 (+15%). Method
- In 2026 it paid out 95% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $74K (2022) to $200K (2020). In 2026 it made 2 grants totaling $187K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Providence General Foundation Everett, WA | Unrestricted General | $93,337 |
| Whidbey Island Hospital Foundation Inc Coupeville, WA | Unrestricted General | $93,337 |
Ready to take the next step with Waterman Medical Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,205,720 | $1,016,438 | $255,264 | $186,674 | 2 | $206,172 | $974,404 | $217,304 |
| 2025 | $2,446,311 | $416,643 | $220,259 | $162,666 | 2 | $180,563 | $379,527 | $204,570 |
| 2024 | $2,250,194 | $164,914 | $192,064 | $145,604 | 2 | $160,649 | $132,245 | $177,712 |
| 2023 | $2,278,203 | $103,367 | $205,983 | $162,040 | 2 | $175,758 | $73,768 | $159,322 |
| 2022 | $2,379,537 | $240,106 | $132,397 | $74,000 | 1 | $90,297 | $205,129 | $196,400 |
| 2021 | $2,269,080 | $327,295 | $143,395 | $100,000 | 1 | — | $297,669 | $165,265 |
| 2020 | $2,090,021 | $127,906 | $241,096 | $200,000 | 2 | — | $101,129 | $149,603 |
Under IRS private-foundation payout rules, Waterman Medical Foundation reported a distributable amount of $217K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Waterman Medical Foundation's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2026 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$39K (2022) → $47K (2026)
Former officers (1)
- Former: Bank Of America N A (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $47K, to Bank of America (Trustee).
Frequently asked questions about Waterman Medical Foundation
How much does Waterman Medical Foundation give each year?
Waterman Medical Foundation gave $187K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $163K across 2 grants.
How large is Waterman Medical Foundation?
Waterman Medical Foundation reported $3.2M in total assets on its 2026 IRS Form 990-PF. It paid out $206K in qualifying distributions that year, against a required minimum of $217K (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 Waterman Medical Foundation?
Waterman Medical Foundation is a private foundation focused on Health, based in Dallas, TX. It holds $3.2M in total assets as of 2026.
Where does Waterman Medical Foundation operate?
Waterman Medical Foundation has awarded grants in Washington.
What is Waterman Medical Foundation's EIN?
Waterman Medical Foundation's EIN (Employer Identification Number) is 91-1139791. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS May 28, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Waterman Medical Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Texas
Elizabeth a Lynn Foundation
Lakeside, MT
The Elizabeth A. Lynn Foundation funds educational programs, including tutoring, mentoring, career training, enrichment, and related capital or operating needs, primarily in Washington’s Puget Sound Corridor, Blaine County, Idaho, and Los Angeles, California. Its 2025 grants ranged from $14,734 to $55,000, with a median of $22,500. It does not accept unsolicited requests; proposals are by invitation only.
Assets
$5.3M
Grants
18
Total Given
$448K
Larry Benaroya Family Foundation
Mercer Island, WA
The foundation’s 2025 grants supported cancer organizations, education and student services, human services, Jewish organizations, and arts and culture, primarily in Washington, with some funding in California. Its 18 grants ranged from $500 to $8.65 million, with a median of $12,500; its 2025 filing is marked as its final return. The filing lists a written proposal as application material and says giving is not limited to preselected organizations, but these instructions may no longer be current.
Assets
—
Grants
18
Total Given
$17.0M
The Rotary Foundation of Rotary International
Evanston, IL
The Rotary Foundation supports Rotary and Rotaract members’ projects, scholarships, exchanges, and humanitarian work in areas including health, education, poverty alleviation, peace, and the environment, locally and internationally. In 2025, grants ranged from $5,500 to $1.5 million, with a median of $43,906. Grant applications are available to Rotary or Rotaract club members, so unsolicited requests from others are not indicated.
Assets
$1.7B
Grants
325
Total Given
$25.5M
Lucky Seven Foundation
Wilmington, DE
Lucky Seven Foundation funds human services and related community causes, including scholarships, civic leadership, homelessness services, Indigenous arts, and environmental accountability. In 2024, its grants ranged from $100 to $240,000, with a median of $2,000 and an average of about $8,000; 87% of grant dollars went to Washington State organizations. The profile refers applicants to the foundation’s application process but does not state whether unsolicited requests are accepted.
Assets
$27.6M
Grants
215
Total Given
$1.8M
Seattle Children's Hospital
Seattle, WA
Seattle Children’s funds pediatric medical research, education, healthcare access, mental health and children’s health initiatives; its external Crossett Fund supports projects benefiting children and youth in Southeast Alaska. Its 2025 grants ranged from $5,326 to $15.3 million, with a median of $57,582, while Crossett awards are capped at $10,000. The Crossett Fund accepts applications year-round; other unsolicited requests are not described.
Assets
$6.0B
Grants
181
Total Given
$56.3M
The Sunderland Foundation
Overland Park, KS
The Sunderland Foundation supports organizations serving Greater Kansas City, focusing on affordable housing, economic stability, health and behavioral health, youth development, and select legacy institutions. Its 2024 grants ranged from $2,750 to $25 million, with a median of $375,000; it is invitation-only and is not currently accepting applications or proposals.
Assets
$927.0M
Grants
25
Total Given
$102.1M
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Waterman Medical 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.
Waterman Medical Foundation down — hundreds of funders to go?