Richard T & Judith B Watson Foundation
Richard T & Judith B Watson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $469K in total assets. In 2024, it made $3K in qualifying distributions. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$469K
+6.5% YoY
Revenue
$37K
+39.6% YoY
Qualifying Distributions
$3K
-73.9% YoY
Expenses
$8K
-52.4% YoY
Under IRS private-foundation payout rules, Richard T & Judith B Watson Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard T & Judith B Watson Foundation
Based on IRS filings
Richard T & Judith B Watson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $469K in total assets. In 2024, it made $3K in qualifying distributions. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $469,386 | $440,682 | $431,540 |
| Revenue | $36,952 | $26,472 | $11,285 |
| Expenses | $8,248 | $17,330 | $18,378 |
| Qualifying Distributions | $3,391 | $13,017 | $13,223 |
| Net Investment Income | $32,217 | $22,159 | $6,927 |
| Distributable Amount | $24,323 | $21,608 | $22,473 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Judith B Watson | Trustee | 0.5 | — |
| David D Watson | Trustee | 0.5 | — |
| Andrew C Watson | Trustee | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard T & Judith B Watson Foundation?
Richard T & Judith B Watson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. It holds $469K in total assets as of 2024.
How large is Richard T & Judith B Watson Foundation?
As of 2024, Richard T & Judith B Watson Foundation holds $469K in total assets with $37K in annual revenue.
Where does Richard T & Judith B Watson Foundation operate?
Richard T & Judith B Watson Foundation has awarded grants in Ohio, Vermont.
How much is Richard T & Judith B Watson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard T & Judith B Watson Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard T & Judith B Watson Foundation's EIN?
Richard T & Judith B Watson Foundation's EIN (Employer Identification Number) is 34-1488717. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richard T & Judith B Watson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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