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· Private foundation

Watersite Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$43k
Granted FY2025still arriving
11
Grants FY2025still arriving
1
States reached
$10k
Largest
01What it funds
0190% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2025.

Education$63kHealth$19kRecreation & Sports$11kInternational$6kPublic Safety & Disaster$5kYouth Development$5kPublic Benefit$5kEnvironment$3kOther$0
02FY2025 · 11 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k10 grants · $33k
  • $10k–50k1 grant · $10k
$2,000
Median grant
1
States reached
$1.2M
Total assets
Largest grants
RecipientAmount
ROSE HULMAN INSTITUTE OF TECHNOLOGY$10,000
MARION UNIVERSITY$9,000
CENTER FOR LEADERSHIP DEVELOPMENT$5,000
SCHOLARSHIPS FOR SPEEDWAY$5,000
LITTLE RED DOOR CANCER AGENCY$5,000
INDIANA STATE GAMES$2,000
B&O TRAIL ASSOCIATION$2,000
Individual grant recipient$2,000
FRIENDS OF MAROTT WOODS NATURE$1,000
PURDUE FORT WAYNE FOUNDATION$1,000
Individual grant recipient$1,000
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:

Dollar for dollar, its grants (FY22–25) land where the poverty rate runs at 16%, against an area that typically sits at 12%. 94% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 12%DOCTORS WITHOUT BORDERS USA INC: $6k → 17%WORLD CENTRAL KITCHEN INC: $5k → 14%BOTA FOUNDATION: $2k → 14%B&O TRAIL ASSOCIATION: $2k → 5%PURDUE FORT WAYNE FOUNDATION: $2k → 12%LITTLE RED DOOR CANCER AGENCY: $8k → 16%CUTTERS CYCLING: $1k → 18%ROSE HULMAN INSTITUTE OF TECHNOLOGY: $10k → 19%B&O TRAIL ASSOCIATION: $1k → 5%PURDUE FORT WAYNE FOUNDATION: $2k → 12%SCHOLARSHIPS FOR SPEEDWAY INC: $5k → 16%ROSE HULMAN INSTITUTE OF TECHNOLOGY: $5k → 19%PURDUE FORT WAYNE FOUNDATION: $1k → 12%LITTLE RED DOOR CANCER AGENCY: $6k → 16%SCHOLARSHIPS FOR SPEEDWAY INC: $5k → 16%LITTLE RED DOOR CANCER AGENCY: $5k → 16%SCHOLARSHIPS FOR SPEEDWAY: $5k → 16%HOLLIDAY PARK FOUNDATION: $1k → 16%MARIAN UNIVERSITY: $10k → 16%MARION UNIVERSITY: $9k → 16%MARIAN UNIVERSITY: $5k → 16%TEAM NEBO RIDGE: $2k → 16%FRIENDS OF MAROTT WOODS NATURE PRESERVE: $1k → 16%CENTER FOR LEADERSHIP DEVELOPMENT INC: $5k → 16%TEAM NEBO RIDGE: $1k → 16%CENTER FOR LEADERSHIP DEVELOPMENT: $5k → 16%FRIENDS OF MAROTT WOODS NATURE: $1k → 16%IVY TECH FOUNDATION INC: $5k → 16%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.
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.

84%of every dollar goes to organizations it has funded before.
$103k · 10 repeat orgs$20k to everyone else

Grantees it renews have grown median revenue +15% since the first grant, against +1% for those funded once.

10 repeat relationships: 10 still active in FY2025, 0 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

10
5

Total granted

$103k
$19k

Median revenue growth · since first grant

+15%
+1%

Still filing today

60%
100%

New vs renewed · share of each year

In FY2025, 98% of grant dollars renewed an existing relationship; $1k went to new ones.

50%100%’22’23’24’25
RenewedFirst-time

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

’22’23’24’25
EducationInternationalHealthPublic BenefitRecreation & SportsEnvironmentOther
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

  • MU
    Marian University
    3× · 2023–2025 · $24k · revenue +14%
  • LR
    LITTLE RED DOOR CANCER AGENCY INC
    3× · 2023–2025 · $19k · revenue +1%
  • SF
    Scholarships for Speedway Inc
    3× · 2023–2025 · $15k · revenue +15%

Funded once

  • MEDECINS SANS FRONTIERES USA INC
    one grant, 2023 · $6k · revenue +1%
  • IT
    IVY TECH FOUNDATION INC
    one grant, 2023 · $5k · revenue -2%
  • WORLD CENTRAL KITCHEN INC
    one grant, 2024 · $5k · revenue 0%
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
Indiana University Alumni Association Inc

The indiana university alumni association activates and supports the global alumni network- encouraging alumni to grow a lifelong connection with indiana university, and inspiring their ongoing generosity toward each other and the…

—
2
University Family Physicians Inc

Engage actively and continuously in medical research, education and training in the practice of medicine in conjunction with the department of family medicine of the indiana university school of medicine and indiana university…

—
3
Indiana Institute of Technology Inc

Indiana tech is a private, independent, and non-denominational university. students are prepared for active participation in the complex, global society of the 21st century and are motivated toward a life of significance and worth. about…

Education
4
Indiana University Health Frankfort Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
5
Illinois College

Illinois college is a co-educational institution of higher education learning providing a four-year educational program leading to the baccalaureate degree. illinois college is a community committed to the highest standards of scholarship…

Education
6
Indiana University Health Bloomington Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
7
Indiana University Health Care Associates Inc

To deliver preeminent medical care and service to our patients and communities through outstanding and innovative medical leadership and practice, while participating in and supporting excellence in education and research. We achieve this…

Health
8
University Corporate Research Park I Inc

To hold title and perform related functions in connection with a research park and innovation center in support of michigan state university research foundation.

—
9
Indiana University Health Bedford Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
10
Indiana University Health Ball Memorial Hospital Foundation Inc

Benefit, perform, and carry out the charitable, educational, and other exempt purposes of indiana university health ball memorial hospital, inc. ("iu health ball memorial hospital") and related organizations, and to support activities…

—
11
Indiana University Health White Memorial Hospital Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
12
Indiana University Health Foundation Inc

Indiana university health foundation leverages the power of philanthropy to support the iu health goal of making indiana one of the healthiest states in the nation.

Health
How this is measured
The grantee most central to the portfolio’s shape is Ivy Tech Foundation Inc; the most unlike its peers is Scholarships for Speedway 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

11 grantees tracked through their own filings, 2017–2025.

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 2025, not grant rows in a single year, so this will not match the grant count on the cover. 11 of the 16 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.

0
Load-bearing (≥25% of a budget)
3
Early backer (in before they grew)
11/11
Grantees still filing
8/11
Grew since first funded

Where the money sits, by cause and then by grantee

Marian University: $24,000 · EducationMarian UniversityScholarships for Speedway Inc: $15,000 · EducationScholarships for Speedway IncIVY TECH FOUNDATION INC: $5,000 · EducationIVY TECH FOUNDATION INCRose-Hulman Institute of Technology: $15,000 · OtherRose-Hulman Institute of Techno…INDIANA STATE GAMES INCORPORATED: $8,000 · OtherINDIANA STATE GAMES INCORPORATE…PURDUE FORT WAYNE FOUNDATION: $4,000 · OtherPURDUE FORT WAYNE FOUNDATIONIndividual grant recipient: $3,000 · OtherIndividual grant recipientFRIENDS OF MAROTT WOODS NATURE PRESERVE: $2,000 · OtherFRIENDS OF MAROTT WOODS NATURE …BOTA FOUNDATION: $1,500 · Other+1 more: $1,000 · OtherLITTLE RED DOOR CANCER AGENCY INC: $19,000 · HealthLITTLE RED DOOR C…MEDECINS SANS FRONTIERES USA INC: $6,000 · InternationalMEDECINS S…WORLD CENTRAL KITCHEN INC: $5,000 · InternationalWORLD CENT…CENTER FOR LEADERSHIP DEVELOPMENT INC: $10,000 · Public BenefitCENTER FO…B & O TRAIL ASSOCIATION: $3,000 · Recreation & SportsHOLLIDAY PARK FOUNDATION INC: $1,000 · Environment
Education$44,000Other$34,500Health$19,000International$11,000Public Benefit$10,000Recreation & Sports$3,000Environment$1,000

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 budgetMarian University: $24,000 over 3y, 0.0% of budgetLITTLE RED DOOR CANCER AGENCY INC: $19,000 over 3y, 0.4% of budgetScholarships for Speedway Inc: $15,000 over 3y, 5.5% of budgetRose-Hulman Institute of Technology: $15,000 over 2y, 0.0% of budgetCENTER FOR LEADERSHIP DEVELOPMENT INC: $10,000 over 2y, 0.1% of budgetMEDECINS SANS FRONTIERES USA INC: $6,000 over 1y, 0.0% of budgetIVY TECH FOUNDATION INC: $5,000 over 1y, 0.0% of budgetWORLD CENTRAL KITCHEN INC: $5,000 over 1y, 0.0% of budgetB & O TRAIL ASSOCIATION: $3,000 over 2y, 0.1% of budgetBOTA FOUNDATION: $1,500 over 1y, 0.2% of budgetHOLLIDAY PARK FOUNDATION INC: $1,000 over 1y, 0.1% 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.

Lilly Endowment IncIN15.2× affinity5 shared granteesties to 3 of 3Hover any node to trace its alignments.Compare side by side →

Open a dossier: Lilly Endowment Inc · Central Indiana Community Foundation Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile 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 Watersite Foundation funds: left to right is the share of its income from government, bottom to top the share from Watersite Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%3%6%10%funder's share of their income ↑0%3%5%8%10%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    4report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–10%
    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 Watersite Foundation?

    Find your warmest path to Watersite Foundation 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 16 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-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Watersite’s filings →

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