Waterstone Support Foundation Inc
Waterstone Support Foundation Inc is a public charity based in Colorado Springs, Colorado. Its 2023 filing describes it as a supporting organization for the religious, charitable, scientific, health, and educational tax-exempt purposes of Christian Community Foundation and National Foundation Inc.
Waterstone Support Foundation Inc at a glance
In short: Waterstone Support Foundation Inc gave $14.8M across 13 grants in 2025 (avg $1.1M), mostly in Colorado. 46% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $14,787,736
- -50.0% vs 2024
- Grants made (2025)
- 13
- -13.3% vs 2024
- Average grant
- $1,137,518
- -42.3% vs 2024
- Median grant
- $20,697
- Total assets
- $191,359,297
- +4.2% vs 2024
- New grantees (estimate)
- 46% first-time grantees (6 of 13, 2025; small sample)
- Primary geography
- Colorado (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Waterstone Support Foundation Inc
- How to Apply
-
The described process is for Giving Fund holders to recommend grants.
- Contact
Mailing address: 10807 New Allegiance Drive 240, Colorado Springs, CO 80921
Phone: (719) 447-4620
Website: https://waterstone.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Waterstone Support Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Christian Community Foundation ($10.6M). Together the top 10 received $14.8M.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 34 grants of 56 (61%).
Geographic Focus
Where this funder awards grants
In 2025, 96% of grant dollars went to recipients in Colorado. The other reported shares were California (2%), Oklahoma (1%), Wisconsin (0%), and Pennsylvania (0%).
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
Is Waterstone Support Foundation Inc open to new grantees?
46%
first-time grantees, 2025
In 2025, 6 of 13 grantees (46%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $620K; repeat grants $1.6M. How we count
Medians: $16K first-time, $40K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $3.5M (2020) to $29.6M (2024). In 2025 it made 13 grants totaling $14.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Christian Community Foundation Colorado Springs, CO | General Support | $10,573,629 |
| Rapha Foundation Colorado Springs, CO | General Support | $3,564,321 |
| Ross Dillon Special Needs Trust Santa Rosa, CA | General Support | $240,000 |
| Fairview Baptist Church Edmond, OK | General Support | $174,823 |
| Parents Television and Media Council Burbank, CA | General Support | $100,000 |
| Men with a Purpose Inc Colorado Springs, CO | Ministry Support | $40,000 |
| Food Sourcing Group LLC Colorado Springs, CO | Ministry Support | $20,697 |
| Autumn Life LLC Janesville, WI | Ministry Support | $18,000 |
| Global Care and Response Inc Austin, TX | Ministry Support | $16,665 |
| Chaplaincy Consulting LLC Janesville, WI | Ministry Support | $12,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $191,359,297 | $27,976,052 | $22,113,574 | $14,787,736 | 13 | $6,332,245 |
| 2024 | $183,651,643 | $68,966,412 | $36,745,534 | $29,582,904 | 15 | $2,545,073 |
| 2023 | $133,909,303 | $20,653,849 | $13,145,403 | $6,560,275 | 9 | $921,509 |
| 2022 | $127,103,327 | $45,122,757 | $42,339,631 | $25,423,623 | 9 | $2,200,950 |
| 2021 | $92,876,866 | $11,476,016 | $12,436,089 | $8,197,650 | 10 | $2,595,395 |
| 2020 | $80,097,831 | $10,991,218 | $7,073,979 | $3,497,529 | 9 | $1,140,154 |
| 2019 | $63,714,478 | $15,553,796 | $11,335,119 | $7,624,069 | 9 | $2,365,216 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to support the religious, charitable, and educational tax-exempt purposes of Christian Community Foundation and National Foundation Inc. Its filing also says it supports other organizations with comparable religious and charitable purposes whose work furthers Christian Community Foundation’s exempt purposes.
Among its 2025 grantees, Christian Community Foundation describes its mission as “honoring God through the transformational power of giving” and building the Kingdom by transforming assets to living water. Rapha Foundation describes its mission as supporting the purpose of Christian Community Foundation, doing business as WaterStone. Parents Television Council says its mission is to protect children from harmful effects caused by exposure to graphic sex, violence, and profanity in media, and to promote a safe entertainment environment for children and families.
Grantmaking
In 2025, the foundation reported 13 grants totaling $14,787,736. Grants ranged from $7,601 to $10,573,629, with a median of $20,697. The largest listed grants were $10,573,629 to Christian Community Foundation in Colorado Springs and $3,564,321 to Rapha Foundation in Colorado Springs. Other listed awards included $240,000 to Ross Dillon Special Needs Trust, $174,823 to Fairview Baptist Church, and $100,000 to Parents Television and Media Council.
WaterStone says Giving Fund holders can recommend grants online. Before releasing grants, it conducts due diligence on new organizations; grants are mailed weekly and can be anonymous. Eligible organizations are IRS-registered, tax-exempt 501(c)(3) charities whose mission does not conflict with WaterStone’s Statement of Faith. The website lists restrictions including distributions that provide private benefit, pay dues or event costs, fulfill a donor’s pledge, pay school tuition outside an established scholarship program, support organizations on the terror-watch list, or support political parties or candidates. The foundation’s 2023 filing says donor restrictions are communicated to grantees and monitored through budget communications, regular reporting, and expenditure-responsibility reporting.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kenneth R Harrison as chief executive officer; Richard von Gnechten as vice president; Chris Start as treasurer; John Mulder and Kittie W Watson as board members; Ruthann Witkop as assistant secretary; Richard A Lavinski as VP/secretary; Doug H Kiesewetter Jr as chairman; and Alan Brown as a board member.
Waterstone Support Foundation Inc is led by Kenneth R. Harrison, Chief Executive Officer since 2021 (on filings since 2019); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kenneth R. Harrison
Chief Executive Officer
Board Member & Chief Executive Officer → CEO, 2020
CEO → Chief Executive Officer, 2021
On filings since 2019
1 hr/week
No compensation reported
Doug H. Kiesewetter Jr.
Chairman
On filings since 2019
1 hr/week
No compensation reported
Chris Start
Treasurer
On filings since 2019
13 hrs/week
No compensation reported
John Mulder
Board Member
President → Board Member, 2025
On filings since 2019
1 hr/week
No compensation reported
Kittie W. Watson
Board Member
Board Member → Vice Chair, 2024
Vice Chair → Board Member, 2025
On filings since 2019
1 hr/week
No compensation reported
Richard A. Lavinski
Vice President & Secretary
Vice President & Secretary → Secretary, 2020
Secretary → Vice President & Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Ruthann Witkop
Assistant Secretary
On filings since 2019
1 hr/week
No compensation reported
Alan Brown
Board Member
On filings since 2020
1 hr/week
No compensation reported
Richard Von Gnechten
Vice President
On filings since 2024
1 hr/week
No compensation reported
Former officers (1)
- Former: Richard Houston (2019) — Vice President
Data from IRS Form 990 filings, 2019–2025. "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 Waterstone Support Foundation Inc
How much does Waterstone Support Foundation Inc give each year?
Waterstone Support Foundation Inc gave $14.8M across 13 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $29.6M across 15 grants.
What is Waterstone Support Foundation Inc's typical grant size?
Waterstone Support Foundation Inc's median grant in 2025 was $20,697, and its average grant was $1,137,518, across 13 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Waterstone Support Foundation Inc that year got $620K on average.
Where does Waterstone Support Foundation Inc give grants?
Waterstone Support Foundation Inc gives mostly in Colorado: 96% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Colorado Springs, CO (4 grants) and Janesville, WI (2 grants).
Does Waterstone Support Foundation Inc give general operating support?
Yes: 54% of Waterstone Support Foundation Inc's 2025 grants with a stated purpose (7 of 13) were for general or operating support, per its 2025 IRS Form 990. Recurring purposes include "Ministry Support" (5 grants).
Who are Waterstone Support Foundation Inc's largest grantees?
Waterstone Support Foundation Inc's largest 2025 grantees include Christian Community Foundation ($10,573,629), Rapha Foundation ($3,564,321) and Ross Dillon Special Needs Trust ($240,000), according to its 2025 IRS Form 990. Together they received 97% of its itemized 2025 grant dollars.
How large is Waterstone Support Foundation Inc?
Waterstone Support Foundation Inc reported $191.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $28.0M.
What does Waterstone Support Foundation Inc fund?
The foundation’s stated mission is to support the religious, charitable, and educational tax-exempt purposes of Christian Community Foundation and National Foundation Inc. See mission & focus areas ↑
How do I apply for a grant from Waterstone Support Foundation Inc?
The described process is for Giving Fund holders to recommend grants. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Waterstone Support Foundation Inc's EIN?
Waterstone Support Foundation Inc's EIN (Employer Identification Number) is 84-1430063. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 6, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS December 16, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS December 21, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS December 12, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS January 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 11, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Waterstone Support Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Waterstone Support Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Colorado
Christian Community Foundation Inc
Colorado Springs, CO
WaterStone supports domestic and international nonprofits, including Christian ministries and charitable and educational organizations, through donor-directed grants; eligible organizations must be IRS-recognized 501(c)(3)s whose mission aligns with its Statement of Faith. Its 2025 grants had a median of $20,000, with awards ranging from $5,028 to $11 million, and were concentrated in Texas and Colorado. Grant recommendations come from donor-advised fund holders; the profile does not state that it accepts unsolicited requests.
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$746.4M
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Christian Community Foundation of Memphis
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The foundation supports a broad range of U.S. charities through donor-advised funds, with a particular focus on Christian ministries and community transformation in Memphis; its Hope for Memphis Fund serves eligible Gospel-centered nonprofits in the Memphis metro area. Its 2025 grants had a median of $22,050, and it accepts applications for the Hope for Memphis Fund during its stated application cycle.
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Colorado Gives Foundation
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Colorado Gives Foundation funds nonprofits serving Jefferson County in areas including food security, early care and education, workforce development, housing, health and convenient neighborhoods; it also offers statewide nonprofit capacity-building support. Typical giving varies widely: its 2024 median grant was $17,814, while Thriving Jeffco Responsive Grant awards ranged from $2,500 to $100,000. It accepts applications through listed grant opportunities, but whether it accepts unsolicited requests is not stated.
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Daniels Fund
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The Daniels Fund supports nonprofits working in aging, amateur sports, disabilities, addiction, early childhood and K–12 education, homelessness, and youth development. Its 2024 grants had a median of about $14,000, primarily for organizations in Colorado, New Mexico, Utah, and Wyoming; select national-impact programs are also eligible, by invitation only.
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The Denver Foundation
Denver, CO
The Denver Foundation supports nonprofits working in economic opportunity, environment and climate, housing, and youth well-being, with an emphasis on racial equity and historically underserved communities in the seven-county Metro Denver region. Its Community Grants typically range from $20,000 to $50,000; the 2024 median across reported grants was $26,500. The profile does not state whether it accepts unsolicited requests.
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The Bold Foundation Inc
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The Bold Foundation supports access to higher education and academic research through scholarships, fellowships, grants, and other student funding for students around the country. Its typical giving level is not stated, and the available information does not say whether it accepts unsolicited requests.
Assets
$4.9M
Grants
769
Total Given
$1.2M
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Cite this profile
Grantable. (2026). Waterstone Support Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/waterstone-support-foundation-inc-morg_5cf2304b72704073b9cc2ef51bb1762d
BibTeX
@misc{grantable_841430063_2026,
author = {{Grantable}},
title = {{Waterstone Support Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/waterstone-support-foundation-inc-morg_5cf2304b72704073b9cc2ef51bb1762d},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Waterstone Support Foundation Inc'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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