Watersite Foundation
Watersite Foundation is a private foundation based in Indianapolis, Indiana. It supports charitable organizations through grants; its 2025 filing states that it does not participate directly in charitable activities and that its directors’ activities are limited to administering grants to qualified, unrelated 501(c)(3) organizations.
Watersite Foundation at a glance
In short: Watersite Foundation gave $43K across 11 grants in 2025 (avg $4K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $43,000
- +6.2% vs 2024
- Grants made (2025)
- 11
- +0.0% vs 2024
- Average grant
- $3,909
- +6.2% vs 2024
- Median grant
- $2,000
- Total assets
- $1,226,092
- +20.8% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Watersite Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 5049 Watersite Circle, Indianapolis, IN 46254
Phone: (317) 357-9515
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Watersite Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Rose Hulman Institute of Technology ($10K). Together the top 10 received $42K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
All listed 2025 grant dollars went to recipients in Indiana. The recipients were located in Indianapolis and other Indiana communities.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
How Watersite Foundation gives
- 73% of 2025 grantees were also funded in 2024. Method
- Giving grew 4200% from 2022 to 2025. Method
- In 2025 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
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $1K (2022) to $43K (2025). In 2025 it made 11 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rose Hulman Institute of Technology Terre Haute, IN | Unrestricted | $10,000 |
| Marion University Indianapolis, IN | Unrestricted | $9,000 |
| Little Red Door Cancer Agency Indianapolis, IN | Unrestricted | $5,000 |
| Scholarships for Speedway Speedway, IN | Unrestricted | $5,000 |
| Center for Leadership Development Indianapolis, IN | Unrestricted | $5,000 |
| Indiana State Games Evansville, IN | Unrestricted | $2,000 |
| B&O Trail Association Brownsburg, IN | Unrestricted | $2,000 |
| Team Nebo Ridge Indianapolis, IN | Unrestricted | $2,000 |
| Purdue Fort Wayne Foundation Fort Wayne, IN | Unrestricted | $1,000 |
| Friends of Marott Woods Nature Indianapolis, IN | Unrestricted | $1,000 |
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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 | $1,226,092 | $271,284 | $60,146 | $43,000 | 11 | $59,431 | $54,861 | $62,516 |
| 2024 | $1,015,087 | $136,576 | $53,989 | $40,500 | 11 | $53,402 | $34,214 | $51,456 |
| 2023 | $933,238 | $-53,142 | $46,986 | $38,000 | 8 | $46,196 | $20,811 | $46,580 |
| 2022 | $1,033,904 | $39,224 | $10,350 | $1,000 | 1 | $9,824 | $38,698 | $3,403 |
| 2021 | $1,005,030 | $1,006,320 | $1,290 | — | — | — | $5,030 | $3,498 |
Under IRS private-foundation payout rules, Watersite Foundation reported a distributable amount of $63K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2025 grants included support for educational, health, youth leadership, sports, cycling, and nature organizations. For example, Little Red Door Cancer Agency describes its mission as reducing the physical, emotional, and financial burdens of cancer for medically underserved residents of Central Indiana. The Center for Leadership Development describes its mission as advancing minority youth as future professional, business, and community leaders through experiences that encourage personal development and educational attainment. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2025, the foundation gave $43,000 through 11 grants. Grant amounts ranged from $1,000 to $10,000, with a median grant of $2,000. Notable grants included $10,000 to Rose-Hulman Institute of Technology, $9,000 to Marian University, and $5,000 each to Little Red Door Cancer Agency, Scholarships for Speedway, and the Center for Leadership Development. All 11 listed 2025 grants were to organizations in Indiana and were designated “unrestricted.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Karen Vance and Allen Galloway as trustees.
Watersite Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Allen Galloway
Trustee
On filings since 2021
1 hr/week
No compensation reported
Karen Vance
Trustee
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Watersite Foundation
How much does Watersite Foundation give each year?
Watersite Foundation gave $43K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 11 grants.
What is Watersite Foundation's typical grant size?
Watersite Foundation's median grant in 2025 was $2,000, and its average grant was $3,909, across 11 grants on its 2025 IRS Form 990-PF.
Where does Watersite Foundation give grants?
Watersite Foundation gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (5 grants).
Does Watersite Foundation give general operating support?
Yes: 100% of Watersite Foundation's 2025 grants with a stated purpose (11 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Watersite Foundation's largest grantees?
Watersite Foundation's largest 2025 grantees include Rose Hulman Institute of Technology ($10,000), Marion University ($9,000) and Little Red Door Cancer Agency ($5,000), according to its 2025 IRS Form 990-PF. Together they received 56% of its itemized 2025 grant dollars.
How large is Watersite Foundation?
Watersite Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $63K (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 does Watersite Foundation fund?
The available information does not state a mission for the foundation. Its 2025 grants included support for educational, health, youth leadership, sports, cycling, and nature organizations. See mission & focus areas ↑
How do I apply for a grant from Watersite Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Watersite Foundation's EIN?
Watersite Foundation's EIN (Employer Identification Number) is 87-3096145. IRS Form 990 filing data is available on this page for 2021–2025.
Does Watersite Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Watersite 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.
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