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The Waterfall Foundation Inc at a glanceAlso receives grants: funding profile →

· Public charity

The Waterfall Foundation Inc

To serve as a supporting organization for other charitable organizations.

$3.3M
Granted FY2024still arriving
50
Grants FY2024still arriving
9
States reached
$350k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead

Read this first · the figures below need context

99% of The Waterfall Foundation Inc’s FY2025 grant dollars went to Fidelity Investments Charitable Gift Fund, not to grantees.

Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2025 names 4 organizations directly, so a portfolio cannot be read from it. Everything below is therefore FY2024, the last year The Waterfall Foundation Inc named its own grantees at scale: 50 organizations, $3M. It is dated, not current.

Organizations named directly on the return

55
’17
60
’18
64
’19
40
’20
48
’21
52
’22
45
’23
50
’24
4
’25

Amber years are those where most dollars went to a sponsor.

01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Philanthropy$21MEnvironment$3.7MHousing & Shelter$3.5MHuman Services$3.3MRecreation & Sports$2.4MHealth$2.2MReligion$2.0MInternational$1.7MOther$0
02FY2024 · 50 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • $10k–50k21 grants · $663k
  • $50k–250k27 grants · $2.1M
  • $250k+2 grants · $600k
$50,000
Median grant
9
States reached
$-969035
Total assets
Largest grants
RecipientAmount
TRUST FOR PUBLIC LAND$350,000
CHATTAHOOCHEE NATURE CENTER$250,000
CHASTAIN PARK CONSERVANCY$200,000
ST CROIX MISSION OUTREACH$150,000
MUSTARD SEED COMMUNITIES$150,000
GIRL SCOUT OF GREATER ATLANTA$150,000
CATHOLIC RELIEF SERVICES$150,000
ATLANTA BELTLINE PARTNERSHIP$100,000
BUCKHEAD CHRISTIAN MINISTRY$100,000
CHILDSPRING INTERNATIONAL$80,000
SOUTHERN ENVIRONMENTAL LAW CENTER$75,000
SANDWICH PROJECT$75,000
KIDS-DOC-ON-WHEELS INC$50,000
GEORGIA AUDUBON$50,000
LONGLEAF ALLIANCE$50,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $2.8M) land where the poverty rate runs at 12%, against an area that typically sits at 11%. 72% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%PARTNERS IN AGRICULTURE: $100k → 10%ST VINCENT DE PAUL SOCIETY: $200k → 11%GOSHEN VALLEY FOUNDATION: $50k → 6%BLOOM OUR YOUTH: $50k → 6%COVENANT HOUSE: $200k → 17%Partners in Agriculture: $100k → 10%LIVING ON PURPOSE ATL: $10k → 10%CAMP SOUTHERN GROUND: $25k → 6%OPEN DOORS INC: $50k → 14%St Vincent De Paul Society: $42k → 14%SER FAMILIA: $50k → 8%PROJECT COMMUNITY CONNECTIONS: $125k → 9%PROJECT COMMUNITY CONNECTIONS: $50k → 9%LEAD: $50k → 13%FURNITURE BANK OF METRO ATLANTA: $50k → 13%HI-HOPE SERVICE CENTER: $40k → 9%BEARINGS BIKE SHOP: $50k → 13%BEARINGS BIKE SHOP: $50k → 13%FRIENDS OF LARCHE ATLANTA: $50k → 14%NEW AMERICAN PATHWAYS: $50k → 14%New American Pathways: $25k → 14%MOVING IN THE SPIRIT INC: $50k → 14%SENIOR SERVICES OF NORTH: $50k → 13%LATIN AMERICA ASSOCIATION: $50k → 13%Quality Care of Children: $45k → 13%LATIN AMERICA ASSOCIATION: $40k → 13%Friends of Disabled Adults & Children Too Inc: $100k → 14%FRIENDS OF DISABLED ADULTS & CHUILDREN TOO: $80k → 14%CARING WORKS INC: $50k → 14%GEORGIA RESILIENCE AND OPPORTUNITY FUND INC: $50k → 14%CHRIS 180: $50k → 14%ODYSSEY FAMILY COUNSELING CENTER: $50k → 13%ODYSSEY FAMILY COUNSELING: $35k → 13%CHRIS 180: $30k → 14%KATES CLUB INC: $50k → 14%MEALS ON WHEELS ATLANTA: $50k → 13%THE SHINE COMM INC: $25k → 13%Crossroads Community Ministries: $45k → 13%Midtown Assistance Center: $35k → 13%PROJECT COMMUNITY CONNECTIONS: $100k → 13%YOUTH SPARK: $85k → 13%JUMPSTART AUTOMOTIVE TRAINING CENTER: $50k → 13%EMMAUS HOUSE: $30k → 13%MULTI AGENCY ALLIANCE FOR CHILDREN: $60k → 13%YMCA OF METRO ATLANTA: $50k → 13%ATLANTA VICTIM ASSIST: $30k → 13%QUEST COMMUNITY DEV ORG: $50k → 13%FAMILIES FIRST: $50k → 13%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

MN
IL
NY
MA
PA
NJ
CT
CA
CO
MO
VA
MD
TN
NC
SC
DC
LA
MS
AL
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

65%of every dollar goes to organizations it has funded before.
$16M · 83 repeat orgs$8.8M to everyone else

Grantees it renews have grown median revenue +38% since the first grant, against +27% for those funded once.

83 repeat relationships: 25 still active in FY2024, 58 since wound down; 27 grantees were first funded in FY2024 (too recent to call). Read against FY2024, the last year this funder named its own grantees directly; its giving has since run through a sponsor, which reports no donor behind each grant.

How the two cohorts compare

Re-uppedFunded once

Organizations

83
166

Total granted

$16M
$7.7M

Median revenue growth · since first grant

+38%
+27%

Still filing today

90%
83%

New vs renewed · share of each year

In FY2025, 60% of grant dollars renewed an existing relationship; $100k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
Human ServicesHealthEnvironmentEducationRecreation & SportsFood & NutritionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • SC
    ST CROIX MISSION OUTREACH INC
    9× · 2017–2025 · $1.7M · revenue +15% · 87% of their budget
  • THE TRUST FOR PUBLIC LAND
    5× · 2018–2024 · $1.0M · revenue +119%
  • AF
    Amigos For Christ Inc
    4× · 2018–2023 · $800k · revenue +33%

Funded once

  • DP
    Dynamo Parents' Club Inc
    one grant, 2020 · $500k · revenue +19%
  • CH
    COVENANT HOUSE
    one grant, 2020 · $200k · revenue +1%
  • SE
    SCOTTDALE EARLY LEARNING INC
    one grant, 2020 · $150k · revenue -5%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
The Georgia Center for Nonprofits

Our mission is to create thriving communities by helping nonprofits succeed. our work revolves around four primary areas of focus.1. we are a hub for social innovation 2. we are a capacity accelerator for organizations and their people3.…

Community Improvement
2
Atlanta Committee for Progress Inc

ACP is a group committed to identifying and providing leadership on selected issues important to driving the economic development of the city of Atlanta and for which the ACP's active involvement will make a major difference. The ACP has a…

—
3
Atlanta Neighborhood Development Partnership Inc

To develop, finance, and advocate for affordable housing at scale that promotes racial equity and healthy communities where families thrive.

Housing & Shelter
4
Justice Center of Atlanta Inc

Provides mediation services and mediation training for all manner of disputes, private and public, without the need for formal audication through the court system.

Crime & Legal
5
Mom Community Inc

To provide low-cost transitional living and life skill programs to pregnant mothers and new moms between the ages of 18 and 24

Human Services
6
Asian Americans Advancing Justice Atlanta Inc

Asian Americans Advancing Justice - Atlanta's mission is to protect and promote the civil and human rights of Asian Americans, Native Hawaiians, and Pacific Islanders in Georgia and the Southeast through policy advocacy, legal services,…

Human Services
7
Atlanta Legal Aid Society Inc

Atlanta legal aid provides legal services to the elderly and indigent citizens of the metropolitan atlanta area.

Crime & Legal
8
Georgia Center for Opportunity Inc

Georgia Center for Opportunity GCO is an independent, non-partisan think tank dedicated to increasing opportunity and improving the quality of life for all Georgians.

Education
9
Georgia Community Support and Solutions Inc

InCommunity provides meaningful support to individuals with intellectual and developmental disabilities to live safe, healthy, and joyful lives in their communities.

—
10
Invest Atlanta Partnership Inc

To serve atlanta, georgia, by providing quality economic and community development resources to underserved residents in a culturally competent, fiscally responsible, and ethical manner.

Housing & Shelter
11
Corporate Volunteer Council of Atlanta

Cvc of atlanta encourages corporate members to develop excellence in corporate volunteerism. develop programs and provide resources.

Community Improvement
12
Center for Civic Innovation Inc

The Center for Civic Innovation uses local data and research to strengthen civic engagement and scale community-driven solutions in order to ensure that local public policy reflects the needs and the voices of people in Atlanta.

Environment
How this is measured
The grantee most central to the portfolio’s shape is Atlanta Union Mission Corporation; the most unlike its peers is Childspring International Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

249 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 249 of the 279 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

7
Load-bearing (≥25% of a budget)
75
Early backer (in before they grew)
239/249
Grantees still filing
176/249
Grew since first funded

Where the money sits, by cause and then by grantee

FIDELITY INVESTMENTS CHARITABLE GIFT FUND: $20,930,045 · Community ImprovementFIDELITY INVESTMENTS CHARITABLE GIFT FUND+4 more: $230,000 · Community ImprovementST CROIX MISSION OUTREACH INC: $1,700,000 · Human ServicesST CROIX MISS…ATLANTA UNION MISSION CORPORATION: $532,800 · Human ServicesATLANTA UNION…PROJECT COMMUNITY CONNECTIONS INC: $275,000 · Human ServicesSOCIETY OF ST VINCENT DE PAUL GEORGIA INC: $242,000 · Human ServicesPARTNERS IN AGRICULTURE INC: $200,000 · Human ServicesCOVENANT HOUSE: $200,000 · Human ServicesFRIENDS OF DISABLED ADULTS & CHILDREN TOO INC: $180,000 · Human Services+31 more: $1,875,000 · Human Services+31 moreDynamo Parents' Club Inc: $500,000 · OtherTHE NATURE CONSERVANCY: $500,000 · OtherCATHOLIC RELIEF SERVICES: $380,000 · OtherGirl Scouts of Greater Atlanta Inc: $475,000 · OtherATLANTA BELTLINE PARTNERSHIP INC: $395,000 · Other+111 more: $8,716,800 · Other+111 moreTHE TRUST FOR PUBLIC LAND: $1,010,000 · EnvironmentCHATTAHOOCHEE NATURE CENTER INC: $375,000 · EnvironmentTHE CONSERVATION FUND A NONPROFIT CORPORATION: $130,000 · EnvironmentTruly Living Well Ctr for Natural Urban: $120,000 · EnvironmentThe South Fork Conservancy Incorporated: $100,200 · EnvironmentTREES ATLANTA INC: $100,000 · EnvironmentTHE LONGLEAF ALLIANCE INC: $100,000 · EnvironmentGEORGIA RIVER NETWORK INC dba GEORGIA RIVERS: $100,000 · Environment+11 more: $591,000 · EnvironmentAmigos For Christ Inc: $800,000 · InternationalMUSTARD SEED COMMUNITIES INC: $665,000 · InternationalHAITIAN HEALTH FOUNDATION: $325,000 · InternationalHABITAT FOR HUMANITY INTERNATIONAL INC: $100,000 · InternationalInternational Rescue Committee INC: $80,000 · International+2 more: $100,000 · InternationalPARK PRIDE INC: $651,000 · Recreation & SportsChastain Park Conservancy Inc: $600,000 · Recreation & SportsCANDLER PARK CONSERVANCY: $100,000 · Recreation & SportsGrant Park Conservancy Inc: $85,000 · Recreation & SportsCLARKSTON COMMUNITY CENTER FOUNDATION INC: $65,000 · Recreation & Sports+5 more: $250,000 · Recreation & SportsBUCKHEAD CHRISTIAN MINISTRY INC: $760,000 · ReligionOCALA FARM MINISTRY INC: $245,000 · ReligionInspiritus Inc: $175,000 · ReligionEL REFUGIO MINISTRY INC: $75,000 · ReligionIMPACT46 INC: $50,000 · Religion
Community Improvement$21,160,045Human Services$5,204,800Other$10,966,800Environment$2,626,200International$2,070,000Recreation & Sports$1,751,000Religion$1,305,000

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetFIDELITY INVESTMENTS CHARITABLE GIFT FUND: $20,930,045 over 1y, 0.1% of budgetST CROIX MISSION OUTREACH INC: $1,700,000 over 9y, 87% of budgetTHE TRUST FOR PUBLIC LAND: $1,010,000 over 5y, 0.2% of budgetAmigos For Christ Inc: $800,000 over 4y, 4.2% of budgetBUCKHEAD CHRISTIAN MINISTRY INC: $760,000 over 8y, 4.3% of budgetMUSTARD SEED COMMUNITIES INC: $665,000 over 5y, 2.4% of budgetPARK PRIDE INC: $651,000 over 4y, 6.0% of budgetChastain Park Conservancy Inc: $600,000 over 4y, 20% of budgetATLANTA UNION MISSION CORPORATION: $532,800 over 2y, 1.5% of budgetDynamo Parents' Club Inc: $500,000 over 1y, 10.0% of budgetTHE NATURE CONSERVANCY: $500,000 over 2y, 0.0% of budgetGirl Scouts of Greater Atlanta Inc: $475,000 over 5y, 1.0% of budgetATLANTA BELTLINE PARTNERSHIP INC: $395,000 over 3y, 0.9% of budgetCHATTAHOOCHEE NATURE CENTER INC: $375,000 over 3y, 4.7% of budgetTHE COMMUNITY FOUNDATION FOR GREATER ATLANTA INC: $350,000 over 7y, 0.0% of budgetHAITIAN HEALTH FOUNDATION: $325,000 over 5y, 1.0% of budgetTHE UNIVERSITY OF GEORGIA FOUNDATION: $310,000 over 4y, 0.1% of budgetPROJECT COMMUNITY CONNECTIONS INC: $275,000 over 3y, 2.7% of budgetOCALA FARM MINISTRY INC: $245,000 over 5y, 40% of budgetSOCIETY OF ST VINCENT DE PAUL GEORGIA INC: $242,000 over 2y, 1.0% of budgetCOVENANT HOUSE: $200,000 over 1y, 0.2% of budgetURBAN RECIPE INC: $185,000 over 3y, 4.7% of budgetFRIENDS OF DISABLED ADULTS & CHILDREN TOO INC: $180,000 over 2y, 1.6% of budgetInspiritus Inc: $175,000 over 3y, 0.3% of budgetSOUTHERN ENVIRONMENTAL LAW CENTER: $160,000 over 3y, 0.1% of budgetSCOTTDALE EARLY LEARNING INC: $150,000 over 1y, 4.9% of budgetCLUBHOUSE ATLANTA INC: $150,000 over 3y, 24% of budgetGEORGIA APPLESEED INC: $150,000 over 3y, 7.4% of budgetLaAmistad Inc: $140,000 over 3y, 4.8% of budgetGEORGIA JUSTICE PROJECT INC: $140,000 over 3y, 0.8% of budgetOPEN HAND ATLANTA INC: $140,000 over 3y, 0.4% of budgetPROPEL ATL INC: $135,000 over 3y, 5.9% of budgetCHILDSPRING INTERNATIONAL INC: $130,000 over 2y, 1.3% of budgetTHE CONSERVATION FUND A NONPROFIT CORPORATION: $130,000 over 2y, 0.0% of budgetHistoric Oakland Foundation Inc: $125,000 over 2y, 1.8% of budgetTruly Living Well Ctr for Natural Urban: $120,000 over 2y, 8.3% of budgetOUR HOUSE INC: $120,000 over 2y, 1.3% of budgetBREAD & WINE MINISTRIES INC: $110,000 over 2y, 75% of budgetSTATUS HOME INC F/K/A JERUSALEM HOUSE INC: $105,000 over 2y, 0.7% of budgetThe South Fork Conservancy Incorporated: $100,200 over 3y, 11% of budgetMust Ministries Inc: $100,000 over 1y, 0.7% of budgetCANDLER PARK CONSERVANCY: $100,000 over 2y, 55% of budget247 GATEWAY LLC: $100,000 over 2y, 1.2% of budgetTREES ATLANTA INC: $100,000 over 2y, 1.1% of budgetNATIONAL PARK FOUNDATION: $100,000 over 1y, 0.1% of budgetGEORGIA ASYLUM & IMMIGRATION NETWORK INC: $100,000 over 2y, 4.5% of budgetHABITAT FOR HUMANITY INTERNATIONAL INC: $100,000 over 1y, 0.0% of budgetBOBBY DODD INSTITUTE INC: $100,000 over 2y, 0.4% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Imlay Foundation …United Way of Greater…The Community Foundat…Tr Uw Charles I BrananAtl Fdn-W Peters MainGeorgia Power Foundat…Ryan Ida Alice Tuw Ma…AEC TrustTull Charitable Found…Tuw Thomas H PittsTw Marian W Ottley At…John H & Wilhelmina D…
The Imlay Foundation IncGA173.1× affinity92 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Imlay Foundation Inc · United Way of Greater Atlanta Inc · The Community Foundation for Greater Atlanta Inc · Tr Uw Charles I Branan · Atl Fdn-W Peters Main · Georgia Power Foundation Inc · Ryan Ida Alice Tuw Main · AEC Trust · Tull Charitable Foundation Inc · Tuw Thomas H Pitts · Tw Marian W Ottley Atlanta Main · John H & Wilhelmina D Harland Charitable Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization The Waterfall Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from The Waterfall Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 50%6%23%51%90%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 32%
  • Solar & Energy Loan Fund of St Lucie County Inc: 100% of income from government
  • Feeding Florida Inc: 32% of income from government
  • Our House Inc: 1% of income from government
no gov moneyreceives it· size = income
5get no government money at all
85report government grants on their 990 we could not trace to a source (not plotted)
1rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to The Waterfall Foundation Inc?

Find your warmest path to The Waterfall Foundation Inc through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 279 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Waterfall’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home