WaterStone Support Foundation Inc

The information on this page was last updated 1/12/2023. 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 Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating236 of 107711 of 57
Fund acquisition rating29 of 10781 of 57
Resource allocation rating9 of 10781 of 57
Asset utilization rating1048 of 107753 of 57

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Balance sheet
Receivables, inventories, prepaids$118,748$159,822$73,079$3,267,468$3,575,585
Short-term investments$19,950,104$14,850,435$10,368,705$16,952,679$16,951,824
Other current assets$0$0$0$0$0
Total current assets$21,782,494$16,452,078$11,989,309$21,491,932$25,407,680
Long-term investments$57,971,744$51,547,130$39,844,583$37,753,075$38,873,015
Fixed assets$9,660,885$6,559,884$6,029,066$4,251,133$3,926,623
Other long-term assets$3,461,743$5,538,739$5,851,520$2,645,267$2,485,324
Total long-term assets$71,094,372$63,645,753$51,725,169$44,649,475$45,284,962
Total assets$92,876,866$80,097,831$63,714,478$66,141,407$70,692,642
Payables and accrued expenses$31,927$31,867$60,936$55,035$51,703
Other current liabilities$0$0$0$0$0
Total current liabilities$31,927$31,867$60,936$55,035$51,703
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$34,807,077$26,572,581$24,352,912$29,607,987$31,967,498
Total long-term liabilities$34,807,077$26,572,581$24,352,912$29,607,987$31,967,498
Total liabilities$34,839,004$26,604,448$24,413,848$29,663,022$32,019,201
Net assets20212020201920182017
Without donor restrictions$52,813,823$49,695,730$34,946,923$31,410,130$32,886,614
With donor restrictions$5,224,039$3,797,653$4,353,707$5,068,255$5,786,827
Net assets$58,037,862$53,493,383$39,300,630$36,478,385$38,673,441
Revenues and expenses
Total contributions$12,538,034$3,209,104$9,289,488$3,420,314$1,389,988
Program service revenue($3,913,146)$6,325,150$3,699,822$3,169,121$3,901,251
Membership dues$0$0$0$0$0
Investment income$2,595,395$1,140,154$2,365,216$1,366,598$2,251,222
Other revenue$255,733$316,810$199,270$137,170$279,194
Total other revenue($1,062,018)$7,782,114$6,264,308$4,672,889$6,431,667
Total revenue$11,476,016$10,991,218$15,553,796$8,093,203$7,821,655
Program services$12,271,249$6,920,148$11,295,937$10,294,116$8,842,006
Management and general$164,840$152,716$39,182$196,340$339,564
Total expenses$12,436,089$7,073,979$11,335,119$10,490,456$9,181,570
Change in net assets20212020201920182017
Surplus (deficit)($960,073)$3,917,239$4,218,677($2,397,253)($1,359,915)
Other changes in net assets$0$0$0$0$0
Total change in net assets($960,073)$3,917,239$4,218,677($2,397,253)($1,359,915)


Kenneth R HarrisonChief Executive Officer$317,906
John MulderPresident$313,838
Chris StartTreasurer$227,766
Ruthann WitkopAssistant Secretary$95,513

Compensation data as of: 3/31/2021

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 1/12/2023. 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