The Richard Waterman Trust focuses almost exclusively on supporting a single local Baptist congregation, funding pastoral support and general church operating expenses. Grants are targeted and mission-focused rather than diversified, indicating a clear preference for sustaining religious leadership and the ongoing operations of a specific parish.
Highly concentrated giving with repeat, sizable grants to one primary beneficiary (two related grantees representing the same parish); few grants overall and no geographic or programmatic diversification.
$69K
$1.5M
$123K
$122K
Most grants fall between $9K and $60K, with a median of $35K.
25th Percentile
$9K
Median
$35K
75th Percentile
$60K
About 100% of grants go to recipients in RI.
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Notable grantees: Mount Vernon Larger Parish, Mount Vernon Baptist Church
2024
Source: IRS Form 990-PF, fiscal year 2024.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| MOUNT VERNON LARGER PARISH | FOSTER, RI | $60,000 | 2024 | PASTORAL SUPPORT |
| MOUNT VERNON BAPTIST CHURCH | FOSTER, RI | $9,000 | 2024 | OPERATING EXPENSES |
| MOUNT VERNON LARGER PARISH | FOSTER, RI | $60,000 | 2023 | PASTORAL SUPPORT |
| MOUNT VERNON BAPTIST CHURCH | FOSTER, RI | $9,000 | 2023 | OPERATING EXPENSES |
MOUNT VERNON LARGER PARISH
$60,000PASTORAL SUPPORT
MOUNT VERNON BAPTIST CHURCH
$9,000OPERATING EXPENSES
MOUNT VERNON LARGER PARISH
$60,000PASTORAL SUPPORT
MOUNT VERNON BAPTIST CHURCH
$9,000OPERATING EXPENSES