James R Watts Trust is a private foundation focused on Education, based in PADUCAH, KY. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $158K in total assets. In 2023, it awarded 2 grants totaling $10K. Net investment income was $8K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$158K
-2.7% YoY
Annual Giving
$10K
-26.9% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$5K
-26.9% YoY
Under IRS private-foundation payout rules, James R Watts Trust reported a distributable amount of $12K for 2023 — the minimum it must pay out in qualifying distributions.
About James R Watts Trust
Based on IRS filings
James R Watts Trust is a private foundation focused on Education, based in PADUCAH, KY. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $158K in total assets. In 2023, it awarded 2 grants totaling $10K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $158,389 | $162,720 | $179,379 |
| Revenue | $10,212 | $-94 | $4,313 |
| Expenses | $14,543 | $16,565 | $22,438 |
| Qualifying Distributions | $9,500 | $13,000 | $13,000 |
| Net Investment Income | $7,859 | $3,359 | $2,168 |
| Distributable Amount | $12,049 | $12,889 | $13,443 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Graves County Board of Education ($7,000), Mayfield Board of Education ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| GRAVES COUNTY BOARD OF EDUCATION MAYFIELD, KY | SCHOLARSHIP FUNDS | $7,000 |
| MAYFIELD BOARD OF EDUCATION MAYFIELD, KY | SCHOLARSHIP FUNDS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BO NEELY | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is James R Watts Trust?
James R Watts Trust is a private foundation focused on Education, based in PADUCAH, KY. It holds $158K in total assets as of 2023.
How large is James R Watts Trust?
As of 2023, James R Watts Trust holds $158K in total assets with $10K in annual revenue. It awarded 2 grants totaling $10K in 2023.
Where does James R Watts Trust operate?
James R Watts Trust has awarded grants in Kentucky.
What size grants does James R Watts Trust award?
In 2023, James R Watts Trust awarded 2 grants totaling $10K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is James R Watts Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, James R Watts Trust reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James R Watts Trust's EIN?
James R Watts Trust's EIN (Employer Identification Number) is 20-1585269. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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