The Walters Family Foundation is a private foundation based in Milford, Michigan, established in 2014. It operates as a 501(c)(3) organization dedicated to strengthening communities through philanthropic initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.2M
+27.9% YoY
Grant Count
22
+57.1% YoY
Avg Grant Size
$57K
-18.6% YoY
Mission & Focus Areas
The foundation seeks to strengthen communities through four primary focus areas:
- Conserving the natural environment
- Celebrating arts and culture
- Advancing economic vitality
- Empowering people to reach their full potential through innovative learning initiatives
The foundation's grantmaking emphasizes education, human services, and philanthropy, with particular attention to environmental conservation and community development.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
& Frequency:**
Average Grant
approximately $53,000–$200,000 (median)
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds organizations and initiatives across multiple states and regions, with primary focus areas including:
- Michigan (particularly Northern Michigan and Detroit)
- North Carolina
- Tennessee
- Ohio
- Utah
- Washington D.C.
Specific cities where the foundation has supported work include Alpena, Ann Arbor, Cary, and Detroit.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $17,936,169
- Total giving: $1,248,000
- Total revenue: $2,273,869
- Total expenses: $1,697,646
Assets & Giving (2023):
- Total assets: $17,387,861–$17.4 million
- Total giving: $956,000
- Total revenue: $809,544
- Total expenses: $1,416,021
Giving Rate: Approximately 5.5% of assets annually
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
81 grants across all recorded years
Open Grants
1 open opportunity from The Walters Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Carol A. Walters – President and Director
- Peter S. Walters – Director
- Matthew D. Walters – Director
- Joseph P. Walters – Director
- Sarah J. Early – Director
All directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL A WALTERS | PRESIDENT & DIRECTOR | 10 | — |
| PETER S WALTERS | SECRETARY, TREASURER, DIRE | 10 | — |
| MATTHEW D WALTERS | DIRECTOR | 0.5 | — |
| JOSEPH P WALTERS | DIRECTOR | 0.5 | — |
| SARAH J EARLY | DIRECTOR | 0.5 | — |
Recent News & Activity
Recent developments and announcements
Lawrence Technological University's Centrepolis Accelerator secured a $360,000 grant from the Walters Family Foundation, supporting the university's innovation and entrepreneurship initiatives.
Centrepolis Accelerator at Lawrence Technological University ...Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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