Paul T Walton Jr Charitable Foundation
Paul T Walton Jr Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Cottonwood Heights, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 16 grants totaling $475K. Net investment income was $405K.
Key facts about Paul T Walton Jr Charitable Foundation
- EIN
- 81-2645760
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $474,800
- Grants made (2024)
- 16
- Average grant
- $29,675
- Median grant
- $7,400
- New grantees (estimate)
- 50% first-time grantees (8 of 16, 2024)
- Total assets
- $9,814,094
- Primary geography
- Utah (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Paul T Walton Jr Charitable Foundation funds
By grant dollars, the top recipient states for Paul T Walton Jr Charitable Foundation's 16 itemized 2024 grants were Utah (98%). The most frequent recipient cities were Salt Lake City, UT (8 grants). 38% of grants with a stated purpose were for general or operating support.
Is Paul T Walton Jr Charitable Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 8 of 16 grantees (50%) were first-time recipients. First grants averaged $39K; repeat grants $21K. How we count
Medians: $5K first-time, $10K repeat.
- 31% of 2024 grantees were also funded in 2023. Method
- Giving grew 94% from 2021 to 2024. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Paul T Walton Jr Charitable Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
+0.3% YoY
Annual Giving
$475K
-2.9% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$30K
+9.2% YoY
Under IRS private-foundation payout rules, Paul T Walton Jr Charitable Foundation reported a distributable amount of $581K for 2024 — the minimum it must pay out in qualifying distributions.
About Paul T Walton Jr Charitable Foundation
Based on IRS filings
Paul T Walton Jr Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Cottonwood Heights, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 16 grants totaling $475K. Net investment income was $405K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,814,094 | $9,781,080 | $9,949,815 |
| Revenue | $613,588 | $434,414 | $384,838 |
| Expenses | $570,274 | $599,664 | $460,740 |
| Qualifying Distributions | $511,952 | $539,046 | $408,516 |
| Net Investment Income | $405,246 | $373,796 | $298,274 |
| Distributable Amount | $581,332 | $520,576 | $516,037 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Utah State University Bastian Agricultural Center ($265,000), University of Utah ($100,000), Natural History Museum of Utah ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Utah State University Bastian Agricultural Center Salt Lake City, UT | Arena | $265,000 |
| University of Utah Salt Lake City, UT | Design build Utah @ Bluff | $100,000 |
| Natural History Museum of Utah Salt Lake City, UT | Weaving Revolution | $20,000 |
| Girls on the Run Utah Inc Salt Lake City, UT | Scholarship | $10,000 |
| Nature Conservancy Salt Lake City, UT | Replace windows at Dugout Ranch | $10,000 |
| Doug Coombs Foundation Salt Lake City, UT | Summer Skills Program | $10,000 |
| Kayenta Arts Foundation Ivins, UT | 2025 Arts Programming | $10,000 |
| Teton Science Schools Jackson, WY | Murie Ranch Project | $9,800 |
| Especially for Athletes Bluffdale, UT | General Purpose | $5,000 |
| PTA Utah Congress dba Sand Springs Elementary PTA Layton, UT | General Purpose | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Stuart B Matheson | Executive Director | 1 | $4,363 |
| Jeremy Nielson | Admin. Comm. Member | 0.25 | $1,000 |
| Laurel Cannon Alder | Admin. Comm. Member | 0.25 | $1,000 |
| Michael Dustin - Bank of Utah | Trust Officer | 1 | $19,297 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Paul T Walton Jr Charitable Foundation?
Paul T Walton Jr Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Cottonwood Heights, UT. It holds $9.8M in total assets as of 2024.
How large is Paul T Walton Jr Charitable Foundation?
As of 2024, Paul T Walton Jr Charitable Foundation holds $9.8M in total assets with $614K in annual revenue. It awarded 16 grants totaling $475K in 2024.
Where does Paul T Walton Jr Charitable Foundation operate?
Paul T Walton Jr Charitable Foundation has awarded grants in Arizona, Massachusetts, Utah, Wyoming.
What size grants does Paul T Walton Jr Charitable Foundation award?
In 2024, Paul T Walton Jr Charitable Foundation awarded 16 grants totaling $475K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Paul T Walton Jr Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Paul T Walton Jr Charitable Foundation reported a distributable amount of $581K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Paul T Walton Jr Charitable Foundation's EIN?
Paul T Walton Jr Charitable Foundation's EIN (Employer Identification Number) is 81-2645760. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.