The Albert J Weatherhead Iii Foundation

Foundation · Grantmaker MAYFIELD HEIGHTS, OH EIN: 51-0137950

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.

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

-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.

About The Albert J Weatherhead Iii Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $1.4M (57%)

Louisiana $744K (31%)

Ohio $211K (9%)

Arizona $30K (1%)

Connecticut $30K (1%)

States

Arizona Connecticut Louisiana New York Ohio

Cities

ClevelandDunkirkGreenwichNew OrleansNew YorkSurprise

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Columbia University ($298,716), Tulane University School of Public Health and Tropical Medicine ($221,307).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CELIA WEATHERHEAD	PRESIDENT	1	—
CHARLES SHEEDY	VICE PRESIDENT	1	—
SCOTT COWEN	VICE PRESIDENT	1	—
TERRI LACY UNTIL 082024	SECRETARY & TREASURER	1	—
DAVID EDWARDS AS OF 082024	VICE PRESIDENT, SECRETARY & TREASURER	1	—

Frequently Asked Questions

How large is The Albert J Weatherhead Iii Foundation?

As of 2024, The Albert J Weatherhead Iii Foundation holds $12.0M in total assets with $847K in annual revenue. It awarded 2 grants totaling $520K in 2024.

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 size grants does The Albert J Weatherhead Iii Foundation award?

In 2024, The Albert J Weatherhead Iii Foundation awarded 2 grants totaling $520K — an average of about $260K per grant, based on its IRS Form 990 filings.

How much is The Albert J Weatherhead Iii Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Albert J Weatherhead Iii Foundation reported a distributable amount of $567K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.