WaterStone Support Foundation Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/24/2021. To update the information in this column, please email: info@ministrywatch.com


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 Dr
Suite 240
Colorado Springs, CO 80921

Website: waterstone.org

Phone: 719-447-4620

Email: info@waterstone.org

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 rating366 of 101024 of 76
Fund acquisition rating287 of 101219 of 76
Resource allocation rating34 of 10123 of 76
Asset utilization rating983 of 101074 of 76

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Balance sheet
Receivables, inventories, prepaids$159,822$73,079$3,267,468$3,575,585$3,730,838
Short-term investments$14,850,435$10,368,705$16,952,679$16,951,824$10,094,310
Other current assets$0$0$0$0$0
Total current assets$16,452,078$11,989,309$21,491,932$25,407,680$15,417,565
Long-term investments$51,547,130$39,844,583$37,753,075$38,873,015$38,234,050
Fixed assets$6,559,884$6,029,066$4,251,133$3,926,623$3,999,284
Other long-term assets$5,538,739$5,851,520$2,645,267$2,485,324$10,465,672
Total long-term assets$63,645,753$51,725,169$44,649,475$45,284,962$52,699,006
Total assets$80,097,831$63,714,478$66,141,407$70,692,642$68,116,571
Payables and accrued expenses$31,867$60,936$55,035$51,703$93,310
Other current liabilities$0$0$0$0$0
Total current liabilities$31,867$60,936$55,035$51,703$93,310
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$26,572,581$24,352,912$29,607,987$31,967,498$32,771,088
Total long-term liabilities$26,572,581$24,352,912$29,607,987$31,967,498$32,921,088
Total liabilities$26,604,448$24,413,848$29,663,022$32,019,201$33,014,398
Net assets20202019201820172016
Without donor restrictions$49,695,730$34,946,923$31,410,130$32,886,614$32,505,326
With donor restrictions$3,797,653$4,353,707$5,068,255$5,786,827$2,596,847
Net assets$53,493,383$39,300,630$36,478,385$38,673,441$35,102,173
Revenues and expenses
Total contributions$3,209,104$9,289,488$3,420,314$1,389,988$3,908,045
Program service revenue$6,325,150$3,699,822$3,169,121$3,901,251$6,397,426
Membership dues$0$0$0$0$0
Investment income$1,140,154$2,365,216$1,366,598$2,251,222$683,773
Other revenue$316,810$199,270$137,170$279,194$620,502
Total other revenue$7,782,114$6,264,308$4,672,889$6,431,667$7,701,701
Total revenue$10,991,218$15,553,796$8,093,203$7,821,655$11,609,746
Program services$6,920,148$11,295,937$10,294,116$8,842,006$12,085,138
Management and general$152,716$39,182$196,340$339,564$535,971
Total expenses$7,073,979$11,335,119$10,490,456$9,181,570$12,623,560
Change in net assets20202019201820172016
Surplus (deficit)$3,917,239$4,218,677($2,397,253)($1,359,915)($1,013,814)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,917,239$4,218,677($2,397,253)($1,359,915)($1,013,814)


Kenneth R HarrisonCEO$299,440
John MulderPresident$275,276
Chris StartTreasurer$212,709
Ruthann WitkopAssistant Secretary$89,817

Compensation data as of: 3/31/2020

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 5/24/2021. To update the information below, please email: info@ministrywatch.com


Program accomplishments