The Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $425K. Net investment income was $2.4M.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$8.4M
+28.9% YoY
Annual Giving
$425K
+9.1% YoY
Grant Count
1
-94.1% YoY
Avg Grant Size
$425K
+1755.4% YoY
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.
About The Watts Family Foundation
Based on IRS filings
The Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $425K. Net investment income was $2.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 |
|---|---|---|
| Total Assets | $8,401,659 | $6,516,574 |
| Revenue | $2,404,016 | $496,853 |
| Expenses | $518,931 | $413,336 |
| Qualifying Distributions | $435,183 | — |
| Net Investment Income | $2,364,024 | $477,360 |
| Distributable Amount | $422,753 | $429,818 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2022
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Harvard University ($425,248).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVARD UNIVERSITY CAMBRIDGE, MA | GENERAL EXEMPT PURPOSE | $425,248 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID B WATTS 7121 - 102821 | SOLE TRUSTEE | 1 | — |
| BRADLEY G WATTS 102821 - 13122 | SUCCESSOR BOARD OF TRUSTEES | 1 | — |
| BESSEMER TRUST COMPANY AS OF 2122 | SOLE TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Watts Family Foundation?
The Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $8.4M in total assets as of 2022.
How large is The Watts Family Foundation?
As of 2022, The Watts Family Foundation holds $8.4M in total assets with $2.4M in annual revenue. It awarded 1 grants totaling $425K in 2022.
Where does The Watts Family Foundation operate?
The Watts Family Foundation has awarded grants in Massachusetts, New York, Vi.
What size grants does The Watts Family Foundation award?
In 2022, The Watts Family Foundation awarded 1 grants totaling $425K — an average of about $425K per grant, based on its IRS Form 990 filings.
How much is The Watts Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, The Watts Family Foundation reported a distributable amount of $423K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Watts Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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