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Trust-Based Philanthropy is grounded in the values of equity, humility and transparency.

Waterfall landscape

By the Numbers

In 2023, Headwaters Foundation…






partners in the state

distributed over


in funding

Headwaters Foundation is committed to financial and programmatic transparency. Below you will find information about our finances, investments and policies.

2022 Headwaters Foundation 990 2022 Headwaters Audited Financials 2021 Headwaters Foundation 990 2021 Headwaters Audited Financials 2020 Headwaters Foundation 990 2020 Headwaters Audited Financials 2023 Grantees 2024 Program Plan Headwaters Investment Policy Headwaters Whistleblower Policy Headwaters Conflict of Interest Policy Headwaters Bylaws Headwaters Board of Trustees Committee Charters Headwaters Employee Performance Review Process

Find more information about Headwaters Foundation’s finances and practices on Candid – an information service specializing in finding out where money comes from, where it goes, and why it matters.