Steven R and Terri F Watt Family

Private foundation · Grantmaker Hooper, UT EIN: 86-2086428

Steven R and Terri F Watt Family is a private foundation focused on public and societal benefit, based in Hooper, UT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $52K in total assets. In 2025, it awarded 2 grants totaling $11K. Net investment income was $3K.

Key facts about Steven R and Terri F Watt Family

In short: Steven R and Terri F Watt Family gave $11K across 2 grants in 2025 (avg $6K), mostly in Utah. Source: 2025 IRS Form 990-PF.

EIN
86-2086428
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$11,000
Grants made (2025)
2
Average grant
$5,500
Median grant
$5,500
Total assets
$51,645
Primary geography
Utah (86% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$52K

+78.8% YoY

Annual Giving

$11K

Grant Count

2

Avg Grant Size

$6K

Under IRS private-foundation payout rules, Steven R and Terri F Watt Family reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.

How Steven R and Terri F Watt Family gives

  • In 2025 it paid out 669% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Morgan

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K0 grants2021 0 grants2022 0 grants2023 0 grants2024 2 grants2025

In 2025 it made 2 grants totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Warrior Rizen Ranch: $10KWarrior Rizen Ranch$10KAir Force Museum of Alberta: $2KAir Force Museum of Alberta$2K

The largest 2025 recipient was Warrior Rizen Ranch ($10K). Together the top 2 received $11K.

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Warrior Rizen Ranch Morgan, UTAssist in charitable purposes$9,500
Air Force Museum of Alberta Assist in charitable purposes$1,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$51,645$28,887$10,165
Revenue$38,268$21,456$2,402
Expenses$13,645$2,629$75
Qualifying Distributions$13,018$2,164—
Net Investment Income$2,641—$327
Distributable Amount$1,946$962$439

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 22, 2024)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 14, 2025)
  4. Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)
  5. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Steven R and Terri F Watt Family is led by Randy Watt, President on every filing since 2023; none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Randy Watt

    President

    On filings since 2023

    No compensation reported

  • Jordan T Watt

    Director

    On filings since 2021

    No compensation reported

  • Kendra R Miller

    Director

    On filings since 2021

    No compensation reported

  • Samantha K Wood

    Director

    On filings since 2021

    No compensation reported

  • Steven R Watt

    Director

    On filings since 2021

    No compensation reported

  • Steven R Watt Jr.

    Director

    On filings since 2021

    No compensation reported

  • Terri F Watt

    Director

    On filings since 2021

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "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 Steven R and Terri F Watt Family

How much does Steven R and Terri F Watt Family give each year?

Steven R and Terri F Watt Family gave $11K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.

How large is Steven R and Terri F Watt Family?

Steven R and Terri F Watt Family reported $52K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).

What is Steven R and Terri F Watt Family?

Steven R and Terri F Watt Family is a private foundation focused on public and societal benefit, based in Hooper, UT. It holds $52K in total assets as of 2025.

Where does Steven R and Terri F Watt Family operate?

Steven R and Terri F Watt Family has awarded grants in Utah.

What is Steven R and Terri F Watt Family's EIN?

Steven R and Terri F Watt Family's EIN (Employer Identification Number) is 86-2086428. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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