The Albert J Weatherhead III Foundation
The Albert J Weatherhead III Foundation is a private foundation, based in Mayfield Heights, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.0M in total assets. In 2024, it awarded 2 grants totaling $520K. Net investment income was $692K.
Key facts about The Albert J Weatherhead III Foundation
In short: The Albert J Weatherhead III Foundation gave $520K across 2 grants in 2024 (avg $260K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 51-0137950
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $520,023
- Grants made (2024)
- 2
- Average grant
- $260,012
- Median grant
- $260,012
- Total assets
- $11,972,061
- Primary geography
- New York (57% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.0M
+11.0% YoY
Annual Giving
$520K
+12.7% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$260K
+69.1% YoY
Under IRS private-foundation payout rules, The Albert J Weatherhead III Foundation reported a distributable amount of $567K for 2024 — the minimum it must pay out in qualifying distributions.
How The Albert J Weatherhead III Foundation gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 95% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $397K (2020) to $520K (2024). In 2024 it made 2 grants totaling $520K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Columbia University ($299K). Together the top 2 received $520K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 14 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia University New York, NY | To Support Global Studies | $298,716 |
| Tulane University School of Public Health and Tropical Medicine New Orleans, LA | To aid the organization in carrying out their exempt purpose. | $221,307 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,972,061 | $10,789,454 | $9,098,997 |
| Revenue | $847,317 | $619,950 | $273,182 |
| Expenses | $693,210 | $609,668 | $672,697 |
| Qualifying Distributions | $537,675 | $475,712 | $517,876 |
| Net Investment Income | $692,321 | $481,960 | $132,446 |
| Distributable Amount | $566,838 | $492,380 | $478,052 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Albert J Weatherhead III Foundation is led by Celia J. Weatherhead, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Celia J. Weatherhead
President
On filings since 2020
1 hr/week
No compensation reported
Charles E. Sheedy
Vice President
On filings since 2020
1 hr/week
No compensation reported
Scott Cowen
Vice President
On filings since 2020
1 hr/week
No compensation reported
David Edwards
Vice President, Secretary & Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Terri Lacy (2020–2024) — Secretary & Treasurer · Filing note: Until 082024
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 The Albert J Weatherhead III Foundation
How much does The Albert J Weatherhead III Foundation give each year?
The Albert J Weatherhead III Foundation gave $520K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $461K across 3 grants.
How large is The Albert J Weatherhead III Foundation?
The Albert J Weatherhead III Foundation reported $12.0M in total assets on its 2024 IRS Form 990-PF. It paid out $538K in qualifying distributions that year, against a required minimum of $567K (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 The Albert J Weatherhead III Foundation operate?
The Albert J Weatherhead III Foundation has awarded grants in Arizona, Connecticut, Louisiana, New York, Ohio.
What is The Albert J Weatherhead III Foundation's EIN?
The Albert J Weatherhead III Foundation's EIN (Employer Identification Number) is 51-0137950. 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.
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