Madge B & Felix H Watson Foundation
Madge B & Felix H Watson Foundation is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $95K. Net investment income was $157K.
Madge B & Felix H Watson Foundation at a glance
In short: Madge B & Felix H Watson Foundation gave $95K across 1 grant in 2025 (avg $95K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $94,500
- +16.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $94,500
- +16.7% vs 2024
- Median grant
- $94,500
- Total assets
- $1,482,237
- +3.6% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Madge B & Felix H Watson Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was North Texas Rehabilitaion Center ($95K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Madge B & Felix H Watson Foundation gives
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out 100% 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 2020 to 2025, annual grant giving ranged from $48K (2020) to $95K (2025). In 2025 it made 1 grant totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Texas Rehabilitaion Center Wichita Falls, TX | General Operating | $94,500 |
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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 | $1,482,237 | $192,067 | $140,602 | $94,500 | 1 | $104,001 | $157,139 | $103,714 |
| 2024 | $1,431,121 | $152,130 | $120,969 | $81,000 | 1 | $89,722 | $119,073 | $99,852 |
| 2023 | $1,399,286 | $104,829 | $126,193 | $83,537 | 1 | $94,459 | $73,095 | $92,060 |
| 2022 | $1,429,664 | $95,856 | $132,247 | $85,368 | 1 | $96,158 | $91,135 | $94,327 |
| 2021 | $1,465,126 | $231,137 | $104,777 | $63,000 | 1 | $74,181 | $200,541 | $96,695 |
| 2020 | $1,338,783 | $87,773 | $92,432 | $47,500 | 1 | — | $63,688 | $79,523 |
Under IRS private-foundation payout rules, Madge B & Felix H Watson Foundation reported a distributable amount of $104K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Madge B & Felix H Watson Foundation's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Wells Fargo Bank N A
Trustee
On filings since 2023
1 hr/week
$23K (2023) → $31K (2025)
Former officers (1)
- Former: Wells Fargo Bank NA (2020–2022) — Trustee-See Statement Regarding Hours
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $31K, to Wells Fargo Bank N a (Trustee).
Frequently asked questions about Madge B & Felix H Watson Foundation
How much does Madge B & Felix H Watson Foundation give each year?
Madge B & Felix H Watson Foundation gave $95K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $81K across 1 grant.
How large is Madge B & Felix H Watson Foundation?
Madge B & Felix H Watson Foundation reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $104K in qualifying distributions that year, against a required minimum of $104K (roughly 5% of its investment assets).
Where does Madge B & Felix H Watson Foundation operate?
Madge B & Felix H Watson Foundation has awarded grants in Texas.
What is Madge B & Felix H Watson Foundation's EIN?
Madge B & Felix H Watson Foundation's EIN (Employer Identification Number) is 75-2852810. 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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Madge B & Felix H Watson Foundation funds
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