Joe and Arlene Watt Foundation Inc

Private foundation · Grantmaker Sheridan, WY EIN: 83-0330482

The Joe and Arlene Watt Foundation Inc is a private foundation based in Sheridan, Wyoming. Its 2025 filing reports 19 grants totaling $1,409,671, all to recipients in Wyoming.

Key facts about Joe and Arlene Watt Foundation Inc

In short: Joe and Arlene Watt Foundation Inc gave $1.4M across 19 grants in 2025 (avg $74K), mostly in Wyoming. 26% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
83-0330482
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,409,671
Grants made (2025)
19
Average grant
$74,193
Median grant
$33,838
New grantees (estimate)
26% first-time grantees (5 of 19, 2025)
Total assets
$24,478,561
Primary geography
Wyoming (100% of itemized 2025 grant dollars)
How to apply
The foundation’s filing says giving is not restricted to preselected organizations. Full details ↓
Deadline
None.

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$24.5M

+3.4% YoY

Annual Giving

$1.4M

+7.4% YoY

Grant Count

19

-5.0% YoY

Avg Grant Size

$74K

+13.1% YoY

Under IRS private-foundation payout rules, Joe and Arlene Watt Foundation Inc reported a distributable amount of $1.5M for 2025 — the minimum it must pay out in qualifying distributions.

Is Joe and Arlene Watt Foundation Inc open to new grantees?

26%

first-time grantees, 2025

In 2025, 5 of 19 grantees (26%) were first-time recipients. First grants averaged $61K; repeat grants $79K. How we count

Medians: $25K first-time, $37K repeat.

  • 42% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (−4%). Method
  • In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants included unrestricted awards and support for a hospital crisis stabilization unit, a college housing scholarship campaign, a university project, and housing development.

The grantees’ own descriptions illustrate the kinds of organizations supported. The Sheridan County Library Foundation says its work benefits library users through books, materials, and equipment. Habitat for Humanity of the Eastern describes constructing modest, adequate housing for people in the Sheridan/Buffalo area. The Food Group says it seeks to alleviate childhood hunger in Sheridan County, while the Advocacy & Resource Center describes empowering people affected by violence.

Grantmaking

In 2025, the foundation reported 19 grants totaling $1,409,671. Awards ranged from $2,500 to $250,000, with a median grant of $33,838.

Review Cycle

None.

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Geographic Focus

Where this funder awards grants

All grant dollars reported for 2025 went to recipients in Wyoming. Listed recipients include organizations in Sheridan, Laramie, Buffalo, and Ranchester.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 19 itemized grants.

States

Cities

SheridanLaramieRanchesterCheyenneBig HornStoryBuffaloCasperClearmont

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M16 grants2020 20 grants2021 19 grants2022 16 grants2023 20 grants2024 19 grants2025

From 2020 to 2025, annual grant giving ranged from $1.0M (2020) to $1.5M (2022). In 2025 it made 19 grants totaling $1.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Senior Citizens Council: $250KSenior Citizens Council$250KSheridan Cnty Hospital Foundation: $200KSheridan Cnty HospitalFoundation$200KSheridan College Foundation: $200KSheridan College Foundation$200KUniversity of Wyoming Foundation: $200KUniversity of WyomingFoundation$200KThe Big Horn Baseball Club: $200KThe Big Horn Baseball Club$200KSalvation Army: $50KSalvation Army$50KSheridan County Library Foundation: $50KSheridan County LibraryFoundation$50KChaps: $40KChaps$40KHoly Name Catholic School: $40KHoly Name Catholic School$40KSheridan County Land Trust: $34KSheridan County Land Trust$34K

The largest 2025 recipient was Senior Citizens Council ($250K). Together the top 10 received $1.3M.

Grant Size Distribution

94 grants across all recorded years

51<$50K11$50–100K28$100–250K3$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 51 grants of 94 (54%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Senior Citizens Council Sheridan, WYUnrestricted$250,000
Sheridan Cnty Hospital Foundation Sheridan, WYEmpath and Crisis Stabilization Unit$200,000
Sheridan College Foundation Sheridan, WYHousing Scholarship Campaign$200,000
University of Wyoming Foundation Laramie, WYImagine Project$200,000
The Big Horn Baseball Club Sheridan, WYUnrestricted$200,000
Salvation Army Sheridan, WYUnrestricted$50,000
Sheridan County Library Foundation Sheridan, WYUnrestricted$50,000
Chaps Sheridan, WYUnrestricted$40,000
Holy Name Catholic School Sheridan, WYUnrestricted$40,000
Sheridan County Land Trust Sheridan, WYUnrestricted$33,838

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $24,478,561 $2,412,576 $1,617,701 $1,409,671
2024 $23,683,686 $2,313,538 $1,490,204 $1,312,000
2023 $22,860,352 $1,783,826 $1,535,686 $1,372,191
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$24,478,561$23,683,686$22,860,352
Revenue$2,412,576$2,313,538$1,783,826
Expenses$1,617,701$1,490,204$1,535,686
Qualifying Distributions$1,415,180$1,317,131$1,377,089
Net Investment Income$2,243,151$2,168,441$1,647,468
Distributable Amount$1,517,791$1,421,773$1,312,602

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Richard D Hammer as president; Debra Wendtland as vice president; Peter Pelissier as secretary; and John M Pradere, Robert Eberhart, and Joy Hart Brown as directors.

Joe and Arlene Watt Foundation Inc is led by Richard D. Hammer, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Richard D. Hammer

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • John M. Pradere

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Robert Eberhart

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Joy Hart Brown

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Debra Wendtland

    Vice President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Peter Pelissier

    Secretary

    On filings since 2023

    2 hrs/week

    No compensation reported

Former officers (2)
  • Former: Jack E. Pelissier (2020–2022) — Director
  • Former: Ky Dixon (2020–2022) — Secretary & Treasurer

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Joe And Arlene Watt Foundation
Mailing address: PO Box 6085, Sheridan, WY 82801
Phone: (307) 672-1498

Frequently asked questions about Joe and Arlene Watt Foundation Inc

How much does Joe and Arlene Watt Foundation Inc give each year?

Joe and Arlene Watt Foundation Inc gave $1.4M across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.3M across 20 grants.

What is Joe and Arlene Watt Foundation Inc's typical grant size?

Joe and Arlene Watt Foundation Inc's median grant in 2025 was $33,838, and its average grant was $74,193, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Joe and Arlene Watt Foundation Inc that year got $61K on average.

Where does Joe and Arlene Watt Foundation Inc give grants?

Joe and Arlene Watt Foundation Inc gives mostly in Wyoming: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sheridan, WY (16 grants).

Does Joe and Arlene Watt Foundation Inc give general operating support?

Yes: 58% of Joe and Arlene Watt Foundation Inc's 2025 grants with a stated purpose (11 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Joe and Arlene Watt Foundation Inc's largest grantees?

Joe and Arlene Watt Foundation Inc's largest 2025 grantees include Senior Citizens Council ($250,000), Sheridan Cnty Hospital Foundation ($200,000) and Sheridan College Foundation ($200,000), according to its 2025 IRS Form 990-PF. Together they received 46% of its itemized 2025 grant dollars.

How large is Joe and Arlene Watt Foundation Inc?

Joe and Arlene Watt Foundation Inc reported $24.5M in total assets on its 2025 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What does Joe and Arlene Watt Foundation Inc fund?

No mission statement for the foundation is provided. Its 2025 grants included unrestricted awards and support for a hospital crisis stabilization unit, a college housing scholarship campaign, a university project, and housing development. See mission & focus areas ↑

How do I apply for a grant from Joe and Arlene Watt Foundation Inc?

The foundation’s filing says giving is not restricted to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Joe and Arlene Watt Foundation Inc's EIN?

Joe and Arlene Watt Foundation Inc's EIN (Employer Identification Number) is 83-0330482. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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