Watermark Auto Group Foundation

WILMINGTON, DE EIN: 81-4320609

Watermark Auto Group Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 5 grants totaling $11K. Net investment income was $92K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.0M

+10.6% YoY

Annual Giving

$11K

-65.6% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$2K

-65.6% YoY

Under IRS private-foundation payout rules, Watermark Auto Group Foundation reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.

About Watermark Auto Group Foundation

Based on IRS filings

Watermark Auto Group Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 5 grants totaling $11K. Net investment income was $92K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

CarbondaleInaMarionPaducahSpringfield

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$319K$639K$958K$1M20202021202220232024
Metric202420232022
Total Assets$3,021,169$2,731,880$2,203,835
Revenue$481,448$703,418$1,161,610
Expenses$192,159$175,373$177,031
Qualifying Distributions$157,151$291,065$122,173
Net Investment Income$91,775$22,814$13,933
Distributable Amount$101,909$76,545$28,875

Giving Over Time

Total grant dollars and number of grants per year

$0$38K$76K$113K$151K15 grants20207 grants20217 grants20225 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

REND LAKE COLLEGE FOUNDA…$6KREFUGE TEMPLE CHURCH OF …$3KMARION CHAMBER OF COMMER…$1KSOUTHERN ILLINOIS COMMUN…$1KBOOK FOR HOPE INC$500

Grant Size Distribution

39 grants across all recorded years

38<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Rend Lake College Foundation ($6,000), Refuge Temple Church of God in Christ Inc ($2,500), Marion Chamber of Commerce Foundation ($1,000).

RecipientPurposeAmount
BOOK FOR HOPE INC PADUCAH, KYCharitable Event$500
MARION CHAMBER OF COMMERCE FOUNDATION MARION, ILCharitable Event$1,000
REFUGE TEMPLE CHURCH OF GOD IN CHRIST INC MARION, ILCharitable Event$2,500
REND LAKE COLLEGE FOUNDATION INA, ILThe Learning Resource Center project outdoor study area planter$6,000
SOUTHERN ILLINOIS COMMUNITY FOUNDATION MARION, ILRead SI$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
CHERYL D ABSHERDIR1
MICHAEL W ABSHERDIR, PRES, SEC, TREAS1
DAVID J GRIFFINDIR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Watermark Auto Group Foundation?

Watermark Auto Group Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $3.0M in total assets as of 2024.

How large is Watermark Auto Group Foundation?

As of 2024, Watermark Auto Group Foundation holds $3.0M in total assets with $481K in annual revenue. It awarded 5 grants totaling $11K in 2024.

Where does Watermark Auto Group Foundation operate?

Watermark Auto Group Foundation has awarded grants in Illinois, Kentucky.

What size grants does Watermark Auto Group Foundation award?

In 2024, Watermark Auto Group Foundation awarded 5 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Watermark Auto Group Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Watermark Auto Group Foundation reported a distributable amount of $102K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Watermark Auto Group Foundation's EIN?

Watermark Auto Group Foundation's EIN (Employer Identification Number) is 81-4320609. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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