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WaterStone
WaterStone is an SEC-registered investment adviser in Fort Myers, FL, registered since 2023. The firm manages $262 million in assets, with $260 million on a...
WaterStone
WaterStone is an SEC-registered investment adviser in Fort Myers, FL, registered since 2023. The firm manages $262 million in assets, with $260 million on a discretionary basis. It has 5 employees and 3 investment advisers.
General information
Firm type
Endowment / Foundation
Year founded
1980
Location
Region
North America
Country
United States
City
Fort Myers
Corporate office
Colorado Springs, CO, United States
Principals
Ken Harrison
CEO
Doug Kiesewetter
Co-founder and Chairman of the Board
Tim Tebow
Founder, The Tebow Group; Partner, WaterStone Impact Fund
Ben Carson Jr.
Member of the Board of Directors
Demi-Leigh Tebow
Member of the Board of Directors
Sector focus
Frequently asked questions
How does WaterStone's impact fund operate alongside its philanthropic activities?
The WaterStone Impact Fund is a dedicated for-profit investment vehicle managed in partnership with The Tebow Group and Caplin Ventures. It operates adjacent to the foundation's traditional donor-advised fund business, allowing the organization to engage in both charitable grantmaking and direct, mission-driven investments in private companies and real assets.
Who makes the key investment and governance decisions at WaterStone?
Ken Harrison serves as CEO and leads day-to-day operations, while co-founder Doug Kiesewetter chairs the board. The board includes notable public figures Ben Carson Jr. and Demi-Leigh Tebow, who provide strategic governance alongside the foundation's leadership team.
What types of assets does WaterStone typically hold or manage?
WaterStone's disclosed assets include direct oil and gas interests, agricultural commodities, US-based operating businesses, and real estate such as the 7W Ranch in Colorado's White River National Forest. The foundation also accepts complex, illiquid assets like privately held business interests into its donor-advised funds.
Is WaterStone a single-family office or does it serve external donors?
WaterStone is structured as a public foundation that serves external high-net-worth donors through donor-advised funds, rather than operating as a private single-family office. Its donor base and investment partnerships are closely tied to evangelical Christian networks and faith-driven wealth holders.
What external affiliations or networks does WaterStone belong to?
WaterStone is an accredited member of the Evangelical Council for Financial Accountability (ECFA), which imposes rigorous standards for financial governance and transparency. It also holds a title partnership with Kingdom Advisors, a network of Christian financial professionals, reinforcing its position within faith-based wealth management circles.
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