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.
The Albert J Weatherhead III Foundation at a glance
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.
- Annual giving (2024)
- $520,023
- +12.7% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $260,012
- +69.1% vs 2023
- Median grant
- $260,012
- Total assets
- $11,972,061
- +11.0% vs 2023
- Primary geography
- New York (57% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Albert J Weatherhead III Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,972,061 | $847,317 | $693,210 | $520,023 | 2 | $537,675 | $692,321 | $566,838 |
| 2023 | $10,789,454 | $619,950 | $609,668 | $461,236 | 3 | $475,712 | $481,960 | $492,380 |
| 2022 | $9,098,997 | $273,182 | $672,697 | $503,604 | 3 | $517,876 | $132,446 | $478,052 |
| 2021 | $11,637,912 | $965,950 | $665,685 | $504,442 | 3 | $520,212 | $815,926 | $530,015 |
| 2020 | $10,023,704 | $563,768 | $538,962 | $396,934 | 3 | — | $423,198 | $429,606 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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