The Capstone Foundation
The Capstone Foundation is a private foundation established in 1988 and located in Santa Monica, California. The organization is a 501(c)(3) nonprofit committed to providing accessible and innovative Christian mental health and wellness services, with a focus on helping families navigate treatment options for loved ones struggling with mental health challenges.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+19.6% YoY
Annual Giving
$676K
-14.5% YoY
Grant Count
21
-16.0% YoY
Avg Grant Size
$32K
+1.8% YoY
Under IRS private-foundation payout rules, The Capstone Foundation reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: To provide hope and healing to families struggling through the maze of finding help for their loved ones who are in trouble and hurting.
Vision: To provide quality treatment for all who need it and to assist financially when needed.
The foundation's name reflects its core philosophy: lasting, permanent change happens incrementally through a journey that cannot be endured alone. The organization emphasizes that meaningful change requires long-term effort affecting behaviors, thought processes, environment, and expectations.
Primary Funding Areas:
- Christian ministry
- Education
- Medical research
- Jewish support
- Homeless shelter
- Cultural preservation
- Children's development
- Boy Scout organizations
Grantmaking
The foundation made 22 grants in 2024. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
The foundation operates from Santa Monica, California. Grant recipients have included organizations in Florida (University of Miami) and Los Angeles-area nonprofits (Union Rescue Mission).
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Summary:
- Total Revenue: $1,106,070
- Total Expenses: $698,324
- Net Income: $407,746
- Total Assets: $2,483,674
- Total Liabilities: $0
- Number of Employees: 0
Revenue Composition (2024):
- Contributions Received: $363,978
- Investment Income and Dividends: $30,917
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,483,674 | $2,075,928 | $2,542,594 |
| Revenue | $1,106,070 | $352,962 | $756,198 |
| Expenses | $698,324 | $819,628 | $729,064 |
| Qualifying Distributions | $675,919 | $790,300 | $698,300 |
| Net Investment Income | $870,067 | $223,657 | $486,427 |
| Distributable Amount | $125,853 | $113,522 | $111,354 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Union Rescue Mission ($219,769), Capitol Ministries ($75,000), Global Training Network ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENTURES OF THE HEART PANAMA CITY, FL | CHRISTIAN MINISTRIES | $20,000 |
| BAJA CHRISTIAN MINISTRIES CHINO HILLS, CA | CHRISTIAN MINISTRY | $10,000 |
| BEVERLY HILLS PRESBYTERIAN CHURCH BEVERLY HILLS, CA | CHRISTIAN MINISTRY | $10,000 |
| BRENTWOOD SCHOOL LOS ANGELES, CA | EDUCATION | $26,000 |
| CALTHORP SCHOOL SANTA MONICA, CA | EDUCATION | $20,500 |
| CAPITOL MINISTRIES PHOENIX, AZ | CHRISTIAN MINISTRY | $75,000 |
| COMMUNITAS INTERNATIONAL CENTENNIAL, CO | CHRISTIAN MINISTRY | $17,500 |
| EPISCOPAL ACTORS GUILD NEW YORK, NY | COMBAT POVERTY | $500 |
| GLOBAL TRAINING NETWORK PEORIA, AZ | CHRISTIAN MINISTRY | $50,000 |
| HARVESTIME CHURCH MISSION SOCIETY POMPANO BEACH, FL | CHRISTIAN MINISTRY | $2,400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NADINE I WATT | PRESIDENT | 0.75 | — |
| RAYMOND WATT II | VICE PRESIDENT | 0.75 | — |
| J SCOTT WATT | SECRETARY | 0.75 | — |
| KATHLEEN M WATT | TREASURER | 0.75 | — |
| BAMBI A WATT | BOARD MEMBER | 0.75 | — |
| ANDREW JAMESON | BOARD MEMBER | 0.75 | — |
Contact Information
Address: 2716 Ocean Park Boulevard, Suite 2025, Santa Monica, CA 90405-5209
Telephone: 310-314-2421
EIN: 95-4211410
Frequently Asked Questions
What does The Capstone Foundation fund?
**Mission:** To provide hope and healing to families struggling through the maze of finding help for their loved ones who are in trouble and hurting. **Vision:** To provide quality treatment for all who need it and to assist financially when needed. The foundation's name reflects its core philosophy: lasting, permanent change happens incrementally through a journey that cannot be endured alone. The organization emphasizes that meaningful change requires long-term effort affecting behaviors, tho…
How do I apply for a grant from The Capstone Foundation?
The foundation made 22 grants in 2024. Recent notable grants include: • Union Rescue Mission (Homeless Shelter): $219,769 • University of Miami (Education): $50,000 • Global Training Network (Christian Ministry): $50,000 **Financial Activity:** • Total grants and contributions in 2024: $363,978 • This represents a 23.3% decrease from 2023 contributions of $474,677
Where does The Capstone Foundation make grants?
The foundation operates from Santa Monica, California. Grant recipients have included organizations in Florida (University of Miami) and Los Angeles-area nonprofits (Union Rescue Mission).
What size grants does The Capstone Foundation award?
In 2024, The Capstone Foundation awarded 21 grants totaling $676K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is The Capstone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Capstone Foundation reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Capstone Foundation's EIN?
The Capstone Foundation's EIN (Employer Identification Number) is 95-4211410. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Capstone Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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