WaterStone Support Foundation Inc

The information on this page was last updated 2/23/2024. If you see errors or omissions, please email: [email protected]


WaterStone Support Foundation is a financial foundation dedicated to the support of WaterStone, whose profile information is shared below.

At WaterStone, we understand the act of giving may be straightforward, but the gift of certain assets may be complex.

WaterStone is a Christian foundation that comes alongside givers, advisors and ministries to provide trusted counsel and innovative giving strategies. Since 1980, we have assisted our clients in developing comprehensive plans for sharing their resources with ministries and organizations to fulfill their charitable intent.

Our expertise is working with business owners and stewards of family wealth to unlock the giving potential of their non-cash assets like real estate, business interests, oil and gas and agricultural commodities. Through WaterStone, families can multiply their giving impact for the Kingdom, minimize taxes and heighten the joy of generosity.

The bulk of your portfolio may be comprised of complex, non-cash assets. Working through WaterStone, you can multiply your giving impact by transforming your complex assets into living water. Contact Giving Strategies for more information. We believe that generosity is the greatest act of worship.

Through generosity, we give back to God what He has given to us, and show love to our brothers and sisters in the process. For nearly 40 years, we have been blessed to see lives changed, hearts turned to the Lord, and The Spirit guide people to lead lives of significance - all through the grace of giving.

WaterStone is here to guide you through innovative giving solutions that will help you minimize taxes and multiply the impact of giving. We hope you will be our partner in the many life-changing stories that we have been blessed to be a part of since our founding.

Contact information

Mailing address:
WaterStone Support Foundation Inc
10807 New Allegiance Drive
Ste 240
Colorado Springs, CO 80921

Website: waterstone.org

Phone: 719-447-4620

Email: [email protected]

Organization details

EIN: 841430063

CEO/President: Ken Harrison / John Mulder

Chairman: Doug Kiesewetter

Board size: 11


Ruling year: 1998

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 1997


Vision: "Every Christian a faith-filled intentional giver."

WaterStone serves as a conduit between givers and Kingdom causes, crafting personalized giving plans that honor God by blessing ministries and the people they serve.

By partnering with WaterStone, advisors can incorporate giving strategies into their wealth management practices and help their clients make a greater Kingdom impact.

With WaterStone's Charity Advised Funds, churches and nonprofits can efficiently manage pools of money set aside for a specific purpose.

Mission statement

Honoring God through the transformational power of giving. Serving Givers at the intersection of faith and finance. Building the Kingdom by transforming assets into living water.

Statement of faith


The entire Bible is the inspired and inerrant Word of God, the only infallible rule of faith and practice. We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit.

We believe that Jesus Christ is the only begotten Son of God, conceived by the Holy Spirit, born of the Virgin Mary, and was true Man and is true God.

We believe that in this age, God manifests Himself through the Holy Spirit who is a distinct personality, eternally coexistent with the Father and the Son, whose basic task is to convict sinners, regenerate those who believe and empower believers to live godly lives and in every way glorify the Father and the Son through His indwelling presence.

We believe that man was created in the image of God, that he sinned and thereby incurred not only physical death but also spiritual death that was eternal separation from God and is upon all men.

We believe that the Lord Jesus Christ died for our sins according to the Scriptures, as a representative and substitutionary sacrifice, and that all who believe in Him are justified on the basis of His shed blood.

We believe that the Lord Jesus Christ was resurrected in body, ascended into heaven, presently lives there for us as High Priest and Advocate, and that His personal, physical return to earth is imminent.

We believe that there will be a bodily resurrection of both the just and the unjust, the just to the everlasting blessedness of the saved and the unjust to the everlasting conscious suffering of the lost.

Donor confidence score

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Transparency grade


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Financial efficiency ratings

Sector: Christian Foundations

CategoryRatingOverall rankSector rank
Overall efficiency rating235 of 11022 of 9
Fund acquisition rating192 of 11034 of 9
Resource allocation rating610 of 11031 of 9
Asset utilization rating295 of 11024 of 9

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Balance sheet
Receivables, inventories, prepaids$253,840$118,748$159,822$73,079$3,267,468
Short-term investments$49,980,575$19,950,104$14,850,435$10,368,705$16,952,679
Other current assets$0$0$0$0$0
Total current assets$52,861,488$21,782,494$16,452,078$11,989,309$21,491,932
Long-term investments$54,945,540$57,971,744$51,547,130$39,844,583$37,753,075
Fixed assets$7,299,743$9,660,885$6,559,884$6,029,066$4,251,133
Other long-term assets$11,996,556$3,461,743$5,538,739$5,851,520$2,645,267
Total long-term assets$74,241,839$71,094,372$63,645,753$51,725,169$44,649,475
Total assets$127,103,327$92,876,866$80,097,831$63,714,478$66,141,407
Payables and accrued expenses$32,648$31,927$31,867$60,936$55,035
Other current liabilities$0$0$0$0$0
Total current liabilities$32,648$31,927$31,867$60,936$55,035
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$70,125,635$34,807,077$26,572,581$24,352,912$29,607,987
Total long-term liabilities$70,125,635$34,807,077$26,572,581$24,352,912$29,607,987
Total liabilities$70,158,283$34,839,004$26,604,448$24,413,848$29,663,022
Net assets20222021202020192018
Without donor restrictions$51,635,964$52,813,823$49,695,730$34,946,923$31,410,130
With donor restrictions$5,309,080$5,224,039$3,797,653$4,353,707$5,068,255
Net assets$56,945,044$58,037,862$53,493,383$39,300,630$36,478,385
Revenues and expenses
Total contributions$24,686,887$12,538,034$3,209,104$9,289,488$3,420,314
Program service revenue$17,758,657($3,913,146)$6,325,150$3,699,822$3,169,121
Membership dues$0$0$0$0$0
Investment income$2,200,950$2,595,395$1,140,154$2,365,216$1,366,598
Other revenue$476,263$255,733$316,810$199,270$137,170
Total other revenue$20,435,870($1,062,018)$7,782,114$6,264,308$4,672,889
Total revenue$45,122,757$11,476,016$10,991,218$15,553,796$8,093,203
Program services$42,086,428$12,271,249$6,920,148$11,295,937$10,294,116
Management and general$253,203$164,840$152,716$39,182$196,340
Total expenses$42,339,631$12,436,089$7,073,979$11,335,119$10,490,456
Change in net assets20222021202020192018
Surplus (deficit)$2,783,126($960,073)$3,917,239$4,218,677($2,397,253)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,783,126($960,073)$3,917,239$4,218,677($2,397,253)


Kenneth R HarrisonChief Executive Officer$374,872
John MulderPresident$297,861
Chris StartTreasurer$221,230
Ruthann WitkopAssistant Secretary$106,062

Compensation data as of: 3/31/2022

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/23/2024. To update the information below, please email: [email protected]


Program accomplishments

Since 1980, WaterStone has...
$1.4 billion contributions
$700 million+ complex assets contributions
$800 million grants
5,000+ charities supported
$1.5 million+ in grants weekly
$750 million in assets under advisement