Snyder Watchorn Foundation Inc
Snyder Watchorn Foundation Inc is an independent foundation established in 1992 and based in Hillsborough, North Carolina. The foundation operates as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$300K
-3.3% YoY
Annual Giving
$23K
+9.5% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$2K
+9.5% YoY
Under IRS private-foundation payout rules, Snyder Watchorn Foundation Inc reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation has demonstrated support for watchmaking education. Recent grantmaking includes a $470,000 award to support watchmaker students and a $55,000 financial aid award to further watchmaking in the United States.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $300,201 | $310,359 | $318,653 |
| Revenue | $13,729 | $13,778 | $6,220 |
| Expenses | $23,887 | $22,072 | $21,266 |
| Qualifying Distributions | $23,000 | $21,000 | $20,000 |
| Net Investment Income | $13,729 | $13,778 | $6,220 |
| Distributable Amount | $23,104 | $1,450 | $1,580 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fractured Atlas (earspace) ($5,000), Appalachian State University Founda ($3,500), American Friends of Magen David ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN STATE UNIVERSITY FOUNDA BOONE, NC | UNRESTRICTED | $3,500 |
| BALD HEAD ISLAND CONSERVANCY BALD HEAD ISLAND, NC | UNRESTRICTED | $1,000 |
| DUKE DIVINITY ANNUAL FUND DURHAM, NC | UNRISTRICTED | $1,000 |
| FRACTURED ATLAS (EARSPACE) NEW YORK CITY, NY | UNRISTRICTED | $5,000 |
| NC BOTANICAL GARDENS CHAPEL HILL, NC | UNRISTRICTED | $1,000 |
| UNC ARTS & SCIENCES FOUNDATION (LIO CHAPEL HILL, NC | UNRISTRICTED | $1,000 |
| UNIVERSITY OF SOUTH CAROLINA SCHOOL COLUMBIA, SC | UNRISTRICTED | $500 |
| UNIVERSITY OF SOUTH CAROLINA SCHOOL COLUMBIA, SC | UNRISTRICTED | $500 |
| AMERICAN FRIENDS OF MAGEN DAVID NEW YORK, NY | UNRESTRICTED | $3,500 |
| DUKE UNIV CH AMY GEISSINGER FUND DURHAM, NC | UNRESTRICTED | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP M SNYDER IV | PRESIDENT | — | — |
Contact Information
- Telephone: 919-732-3395
- Mailing Address: PO Box 856, Hillsborough, NC 27278-0856
- EIN: 56-1748840
Frequently Asked Questions
How do I apply for a grant from Snyder Watchorn Foundation Inc?
The foundation has demonstrated support for watchmaking education. Recent grantmaking includes a $470,000 award to support watchmaker students and a $55,000 financial aid award to further watchmaking in the United States.
What size grants does Snyder Watchorn Foundation Inc award?
In 2024, Snyder Watchorn Foundation Inc awarded 14 grants totaling $23K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Snyder Watchorn Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Snyder Watchorn Foundation Inc reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Snyder Watchorn Foundation Inc's EIN?
Snyder Watchorn Foundation Inc's EIN (Employer Identification Number) is 56-1748840. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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