The Albert J Weatherhead III Foundation

Private 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.

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

5states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

New OrleansNew YorkClevelandDunkirkGreenwichSurprise

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K3 grants2020 3 grants2021 3 grants2022 3 grants2023 2 grants2024

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

Columbia University: $299KColumbia University$299KTulane University School of Public Health and Tropical Medicine: $221KTulane University School ofPublic Health and Tropical…$221K

The largest 2024 recipient was Columbia University ($299K). Together the top 2 received $520K.

Grant Size Distribution

14 grants across all recorded years

2<$50K1$50–100K7$100–250K4$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 7 grants of 14 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Columbia University New York, NYTo Support Global Studies$298,716
Tulane University School of Public Health and Tropical Medicine New Orleans, LATo aid the organization in carrying out their exempt purpose.$221,307

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
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

  1. 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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