Watermark Auto Group Foundation
Watermark Auto Group Foundation is a private foundation, 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.
Watermark Auto Group Foundation at a glance
In short: Watermark Auto Group Foundation gave $11K across 5 grants in 2024 (avg $2K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,000
- -65.6% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $2,200
- -65.6% vs 2023
- Median grant
- $1,000
- Total assets
- $3,021,169
- +10.6% vs 2023
- Primary geography
- Illinois (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Watermark Auto Group Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Rend Lake College Foundation ($6K). Together the top 5 received $11K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 38 grants of 39 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Watermark Auto Group Foundation gives
- Giving fell 82% from 2021 to 2024. Method
- In 2024 it paid out 154% of 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 2024, annual grant giving ranged from $11K (2024) to $151K (2020). In 2024 it made 5 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rend Lake College Foundation INA, IL | The Learning Resource Center project outdoor study area planter | $6,000 |
| Refuge Temple Church of God in Christ Inc Marion, IL | Charitable Event | $2,500 |
| Marion Chamber of Commerce Foundation Marion, IL | Charitable Event | $1,000 |
| Southern Illinois Community Foundation Marion, IL | Read SI | $1,000 |
| Book for Hope Inc Paducah, KY | Charitable Event | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,021,169 | $481,448 | $192,159 | $11,000 | 5 | $157,151 | $91,775 | $101,909 |
| 2023 | $2,731,880 | $703,418 | $175,373 | $32,000 | 5 | $291,065 | $22,814 | $76,545 |
| 2022 | $2,203,835 | $1,161,610 | $177,031 | $25,500 | 7 | $122,173 | $13,933 | $28,875 |
| 2021 | $1,219,256 | $26,440 | $200,393 | $61,900 | 7 | $170,722 | $10,472 | $30,851 |
| 2020 | $1,395,894 | $1,002,365 | $179,166 | $151,300 | 15 | — | — | $34,491 |
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.
Leadership & Key People
Officers and directors from IRS filings
Watermark Auto Group Foundation is led by Michael W. Absher, Director, President, Secretary & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael W. Absher
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Cheryl D. Absher
Director
On filings since 2021
1 hr/week
No compensation reported
David J. Griffin
Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Watermark Auto Group Foundation
How much does Watermark Auto Group Foundation give each year?
Watermark Auto Group Foundation gave $11K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $32K across 5 grants.
What is Watermark Auto Group Foundation's typical grant size?
Watermark Auto Group Foundation's median grant in 2024 was $1,000, and its average grant was $2,200, across 5 grants on its 2024 IRS Form 990-PF.
Where does Watermark Auto Group Foundation give grants?
Watermark Auto Group Foundation gives mostly in Illinois: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Marion, IL (3 grants).
Does Watermark Auto Group Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Watermark Auto Group Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Event" (3 grants).
Who are Watermark Auto Group Foundation's largest grantees?
Watermark Auto Group Foundation's largest 2024 grantees include Rend Lake College Foundation ($6,000), Refuge Temple Church of God in Christ Inc ($2,500) and Marion Chamber of Commerce Foundation ($1,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is Watermark Auto Group Foundation?
Watermark Auto Group Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $157K in qualifying distributions that year, against a required minimum of $102K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Watermark Auto Group Foundation funds
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