The Watson Foundation Inc

OAK RIDGE, TN EIN: 62-6045681

The Watson Foundation Inc is a private foundation, based in OAK RIDGE, TN. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $1.0M in total assets. In 2022, it awarded 5 grants totaling $59K. Net investment income was $29K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$1.0M

-1.9% YoY

Annual Giving

$59K

-18.1% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$12K

-1.7% YoY

Under IRS private-foundation payout rules, The Watson Foundation Inc reported a distributable amount of $67K for 2022 — the minimum it must pay out in qualifying distributions.

About The Watson Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $46K (23%)

Washington $40K (20%)

Florida $37K (18%)

New York $34K (17%)

Georgia $25K (12%)

Virginia $10K (5%)

District of Columbia $6K (3%)

Arkansas $5K (2%)

States

Arkansas District of Columbia Florida Georgia New York Tennessee Virginia Washington

Cities

ArlingtonAtlantaCoconut CreekFederal WayKnoxvilleLittle RockWashingtonWest Nyack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	$1,027,455	$1,047,685	$1,116,783
Revenue	$31,700	$25,202	$961,343
Expenses	$59,300	$94,300	$72,527
Qualifying Distributions	$59,000	$72,000	—
Net Investment Income	$29,400	$22,902	$959,043
Distributable Amount	$66,941	$70,550	$53,959

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2022

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Food for the Poor ($15,000), World Vision ($15,000), The Salvation Army ($12,000).

Recipient	Purpose	Amount
FOOD FOR THE POOR COCONUT CREEK, FL	ANNUAL BUDGET	$15,000
HEIFER INTERNATIONAL LITTLE ROCK, AR	ANNUAL BUDGET	$5,000
THE SALVATION ARMY WEST NYACK, NY	ANNUAL BUDGET	$12,000
UNIVERSITY OF TENNESSEE KNOXVILLE, TN	SCHOLARSHIPS	$12,000
WORLD VISION FEDERAL WAY, WA	WHERE NEEDED	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
MARGERY G WATSON	SECRETARY	—	—
SAMUEL A WATSON	PRESIDENT-TREASURER	—	—

Frequently Asked Questions

How large is The Watson Foundation Inc?

As of 2022, The Watson Foundation Inc holds $1.0M in total assets with $32K in annual revenue. It awarded 5 grants totaling $59K in 2022.

Where does The Watson Foundation Inc operate?

The Watson Foundation Inc has awarded grants in Arkansas, District of Columbia, Florida, Georgia, New York, Tennessee, Virginia, Washington.

What size grants does The Watson Foundation Inc award?

In 2022, The Watson Foundation Inc awarded 5 grants totaling $59K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is The Watson Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, The Watson Foundation Inc reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.