The Watts Family Foundation
The Watts Family Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $8.4M in total assets. In 2022, it awarded 1 grant totaling $425K. Net investment income was $2.4M.
The Watts Family Foundation at a glance
In short: The Watts Family Foundation gave $425K across 1 grant in 2022 (avg $425K), mostly in Massachusetts. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $425,248
- +9.1% vs 2021
- Grants made (2022)
- 1
- -94.1% vs 2021
- Average grant
- $425,248
- +1755.4% vs 2021
- Median grant
- $425,248
- Total assets
- $8,401,659
- +28.9% vs 2021
- Primary geography
- Massachusetts (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who The Watts Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Harvard University ($425K).
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 15 grants of 18 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How The Watts Family Foundation gives
- In 2022 it paid out 103% of its IRS minimum distribution (the 5% rule). 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 2021 to 2022, annual grant giving ranged from $390K (2021) to $425K (2022). In 2022 it made 1 grant totaling $425K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard University Cambridge, MA | General Exempt Purpose | $425,248 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | $8,401,659 | $2,404,016 | $518,931 | $425,248 | 1 | $435,183 | $2,364,024 | $422,753 |
| 2021 | $6,516,574 | $496,853 | $413,336 | $389,629 | 17 | — | $477,360 | $429,818 |
Under IRS private-foundation payout rules, The Watts Family Foundation reported a distributable amount of $423K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Watts Family Foundation's 2022 filing lists 3 officers; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Bessemer Trust Company
Sole Trustee
New on the 2022 filing
1 hr/week
No compensation reported
David B. Watts
Sole Trustee
New on the 2022 filing
1 hr/week
No compensation reported
Bradley G. Watts
Successor Board of Trustees
Co-Trustee → Successor Board of Trustees, 2022
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Bessemer Trust Company NA (2021) — Co-Trustee
- Former: David B. Watts Dec'd (2021) — Co-Trustee
Data from IRS Form 990 filings, 2021–2022. "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 Watts Family Foundation
How much does The Watts Family Foundation give each year?
The Watts Family Foundation gave $425K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $390K across 17 grants.
How large is The Watts Family Foundation?
The Watts Family Foundation reported $8.4M in total assets on its 2022 IRS Form 990-PF. It paid out $435K in qualifying distributions that year, against a required minimum of $423K (roughly 5% of its investment assets).
Where does The Watts Family Foundation operate?
The Watts Family Foundation has awarded grants in Massachusetts, New York, U.S. Virgin Islands.
What is The Watts Family Foundation's EIN?
The Watts Family Foundation's EIN (Employer Identification Number) is 04-3402936. IRS Form 990 filing data is available on this page for 2021–2022.
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 2021–2022
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