Homer Ip B Watts Memorial Trust
The Homer Ip B Watts Memorial Trust is a private foundation based in Milwaukee, Wisconsin. Its 2024 filing describes it as a broad charitable-purpose fund that also provides scholarship assistance to individuals who are residents of Umatilla County, Oregon.
Homer Ip B Watts Memorial Trust at a glance
In short: Homer Ip B Watts Memorial Trust gave $35K across 16 grants in 2025 (avg $2K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,000
- +27.3% vs 2024
- Grants made (2025)
- 16
- +77.8% vs 2024
- Average grant
- $2,188
- -28.4% vs 2024
- Median grant
- $2,000
- Total assets
- $589,497
- +3.0% vs 2024
- Primary geography
- Oregon (68% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Homer Ip B Watts Memorial Trust
- How to Apply
-
The 2024 filing says the foundation does not restrict giving to preselected organizations. It directs applicants to contact the person named on the filing for the application form and materials; the filing also directs applicants to that person for deadline information. The filing states that scholarship assistance is for individuals who are residents of Umatilla County, Oregon.
- Contact
Application contact: Mr Melvin Schmidtgall
Mailing address: PO Box 533, Athena, OR 97813
Phone: (541) 566-3578
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Homer Ip B Watts Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Oregon State University ($4K). Together the top 10 received $25K.
Organizations only. It also paid 2 individual scholarships ($4,000), which are not listed by name.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 54 grants of 54 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were distributed among recipients in Oregon (68%), Washington (17%), Montana (6%), Arizona (6%), and Oklahoma (4%).
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
How Homer Ip B Watts Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (+19%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $16K (2021) to $44K (2023). In 2025 it made 16 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oregon State University Corvallis, OR | Scholarship | $4,000 |
| Weston-McEwen High School Athena, OR | Scholarship | $3,500 |
| Athena Weston School District Athena, OR | General Operating | $2,500 |
| Athena American Legion Auxiliary Portland, OR | General Operating | $2,500 |
| Southern Oregon University Ashland, OR | Scholarship | $2,000 |
| University of Oregon Eugene, OR | Scholarship | $2,000 |
| University of Montana Missoula, MT | Scholarship | $2,000 |
| Athena Gem Theatre Athena, OR | General Operating | $2,000 |
| 2 individual scholarships Recipients not named | — | $4,000 |
| Eastern Washington University Cheney, WA | Scholarship | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $589,497 | $63,786 | $48,370 | $35,000 | 16 | $37,728 | $53,480 | $37,052 |
| 2024 | $572,087 | $29,453 | $39,920 | $27,500 | 9 | $30,135 | $19,127 | $32,969 |
| 2023 | $582,556 | $22,193 | $58,326 | $44,250 | 15 | $47,615 | $12,672 | $31,695 |
| 2022 | $618,691 | $64,913 | $50,306 | $29,300 | 8 | $38,708 | $53,234 | $37,260 |
| 2021 | $604,115 | $22,856 | $30,070 | $16,200 | 6 | — | $11,556 | $36,593 |
Under IRS private-foundation payout rules, Homer Ip B Watts Memorial Trust reported a distributable amount of $37K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The 2024 filing describes the foundation’s giving as broad in charitable purpose, with scholarship assistance for Umatilla County residents. Its 2025 grants included scholarships and general operating support for schools and other organizations.
Some 2025 recipients describe their own work as supporting education. For example, an individual recipient Community College’s foundation says it fosters relationships that support students, programs, and capital projects at the college. Southern Oregon University’s foundation says it supports and promotes the university’s educational, scientific, and charitable activities.
Grantmaking
In 2025, the foundation awarded 16 grants totaling $35,000. Grants ranged from $1,250 to $4,000, with a median grant of $2,000. Listed recipients included Oregon State University ($4,000) and Weston-McEwen High School ($3,500), both for scholarships; Athena Weston School District ($2,500) for general operating support; and Southern Oregon University ($2,000) and Grand Canyon University ($2,000), both for scholarships. An individual recipient Community College and Whitworth University each received $2,000 in 2025.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists US Bank N A as trustee.
Homer Ip B Watts Memorial Trust's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$10K (2023) → $11K (2025)
Former officers (1)
- Former: U S Bank (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to US Bank N a (Trustee).
Frequently asked questions about Homer Ip B Watts Memorial Trust
How much does Homer Ip B Watts Memorial Trust give each year?
Homer Ip B Watts Memorial Trust gave $35K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 9 grants.
What is Homer Ip B Watts Memorial Trust's typical grant size?
Homer Ip B Watts Memorial Trust's median grant in 2025 was $2,000, and its average grant was $2,188, across 16 grants on its 2025 IRS Form 990-PF.
Where does Homer Ip B Watts Memorial Trust give grants?
Homer Ip B Watts Memorial Trust gives mostly in Oregon: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Washington (17%) and Montana (6%). The most frequent recipient cities were Athena, OR (3 grants) and Portland, OR (2 grants).
Does Homer Ip B Watts Memorial Trust give general operating support?
Yes: 19% of Homer Ip B Watts Memorial Trust's 2025 grants with a stated purpose (3 of 16) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (13 grants).
Who are Homer Ip B Watts Memorial Trust's largest grantees?
Homer Ip B Watts Memorial Trust's largest 2025 grantees include Oregon State University ($4,000), Weston-McEwen High School ($3,500) and Athena Weston School District ($2,500), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($4,000), which are not listed by name. Together they received 29% of its itemized 2025 grant dollars.
How large is Homer Ip B Watts Memorial Trust?
Homer Ip B Watts Memorial Trust reported $589K in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $37K (roughly 5% of its investment assets).
What does Homer Ip B Watts Memorial Trust fund?
The 2024 filing describes the foundation’s giving as broad in charitable purpose, with scholarship assistance for Umatilla County residents. Its 2025 grants included scholarships and general operating support for schools and other organizations. See mission & focus areas ↑
How do I apply for a grant from Homer Ip B Watts Memorial Trust?
The 2024 filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Homer Ip B Watts Memorial Trust's EIN?
Homer Ip B Watts Memorial Trust's EIN (Employer Identification Number) is 93-6082689. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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