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.
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.
About The Albert J Weatherhead Iii Foundation
Based on IRS filings
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.
Ready to take the next step with The Albert J Weatherhead Iii Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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