Ways to Give

Help continue the Watertown Foundation’s legacy of support for the many special qualities that make Watertown an extraordinary community. Membership in the Watertown Foundation is open to the public. The contribution for membership is $200.

A donor may support the Foundation’s continuing work with an unrestricted gift of any amount. Our donors are individuals, families, businesses, and charitable organizations. Donors may give cash, stock, retirement assets, bequests and other planned gifts.

Designating the Watertown Foundation as the recipient of a Memorial Donation continues the memory and spirit of a deceased family member or friend. In Honor Of gifts for living relatives or friends in lieu of holiday or birthday gifts can celebrate the event in a meaningful way. Memorial Donations and In Honor Of donations are received throughout the year. Acknowledgment is sent to the donor and a complete listing of gifts is sent to the family or party.

The Foundation’s assets are professionally managed with oversight by the Finance Committee and Board of Trustees.




Trust Funds

A Trust Fund in the Watertown Foundation provides the opportunity for individuals or corporations to provide a permanent legacy in our community. Trust Funds create permanent endowment funds that steadily grow in value over time and produce income for academic scholarships to individuals and grants to local charitable nonprofit organizations.

The Foundation requires a minimum of $5,000 to establish a Trust Fund. This gift may be given as a lump sum or over a period of five years. Donors may also leave charitable assets upon their death in the form of a bequest in a will or trust, retirement plan designations, or beneficiary designation in a life insurance policy.

The Watertown Foundation will create a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose. You receive tax benefits in the year your gift is made. Your gift will be placed into an endowment fund that is invested over time, and earnings from the fund are used to make grants addressing community needs. Your gift, and all future earnings from your gift, will provide support for scholarships and organizations helping people and programs in perpetuity.

Business Community Trust Funds

Wooster Society: $5,000 or more
Westbury Society: $2,500 or more
Watertown Society: up to $2,500

Gifts may be given over five years.

Distribution from Named Trust Funds

Each year the Board of Trustees establishes the amounts to be awarded in scholarships and grants, based on the endowment’s market value and the success of its investments. This distribution policy strives to maintain the “purchasing power” of the funds over the long term to protect against inflation so that today’s assets are not diminished in the future. The Board does not assess fees in the administration of Trust Funds or in the awarding of grants or scholarships.

Types of Funds


The principal of an unrestricted fund is invested and retained by the Watertown Foundation. Income from investments is pooled and is awarded annually to nonprofit community organizations by the Board of Trustees. An unrestricted fund provides the most flexibility to the Board to meet needs in our community.

Field Of Interest

A Trust Fund may specify a particular field of interest such as the arts, youth athletics, education, social service, or the environment with a minimum gift of $50,000. The Board of Trustees selects projects within your field of interest and presents the award in the name of the Trust Fund.


Named scholarships may be created with a minimum gift of $25,000. Scholarships may be designated for study in broadly defined areas such as medicine and health careers, social service, business, engineering, and education. Criteria for selection are at the discretion of the Board of Trustees and are defined annually in the Watertown Foundation Scholarship Application. Recipients must be Watertown residents.