Richard T & Judith B Watson Foundation
Richard T & Judith B Watson Foundation is a private foundation, 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.
Richard T & Judith B Watson Foundation at a glance
- Total assets
- $469,386
- +6.5% vs 2023
- Revenue (2024)
- $36,952
- +39.6% vs 2023
- Qualifying distributions (2024)
- $3,391
- -73.9% vs 2023
- Expenses (2024)
- $8,248
- -52.4% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Richard T & Judith B Watson Foundation funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Richard T & Judith B Watson Foundation gives
- Giving fell 77% from 2020 to 2023. Method
- In 2024 it paid out 14% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2023, annual grant giving ranged from $5K (2022) to $30K (2020). In 2023 it made 2 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Episcopal Diocese of Ohio Cleveland, OH | General Fund | $5,000 |
| Aloha Foundation Fairlee, VT | General Fund | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $469,386 | $36,952 | $8,248 | — | — | $3,391 | $32,217 | $24,323 |
| 2023 | $440,682 | $26,472 | $17,330 | $7,000 | 2 | $13,017 | $22,159 | $21,608 |
| 2022 | $431,540 | $11,285 | $18,378 | $5,000 | 1 | $13,223 | $6,927 | $22,473 |
| 2021 | $438,633 | $46,484 | $16,948 | $10,000 | 2 | $12,419 | $41,955 | $24,775 |
| 2020 | $409,097 | $9,660 | $36,678 | $30,000 | 2 | — | $7,524 | $21,656 |
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.
Leadership & Key People
Officers and directors from IRS filings
Richard T & Judith B Watson Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrew C Watson
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
David D Watson
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Judith B Watson
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Richard T & Judith B Watson Foundation
How large is Richard T & Judith B Watson Foundation?
Richard T & Judith B Watson Foundation reported $469K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $24K (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.
Where does Richard T & Judith B Watson Foundation operate?
Richard T & Judith B Watson Foundation has awarded grants in Ohio, Vermont.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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