The Watts Family Foundation
The Watts Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $60K in total assets. In 2025, it made $3K in qualifying distributions. Net investment income was $2K.
The Watts Family Foundation at a glance
- Total assets
- $60,210
- -0.8% vs 2024
- Revenue (2025)
- $2,739
- -5.3% vs 2024
- Qualifying distributions (2025)
- $2,675
- +3.0% vs 2024
- Expenses (2025)
- $3,223
- +3.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Watts Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Watts Family Foundation gives
- Giving grew 543% from 2020 to 2023. Method
- In 2025 it paid out 74% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $2K (2022) to $23K (2023). In 2023 it made 2 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mariners Church Irvine, CA | General & Unrestricted | $15,000 |
| Orange County Sheriffs Advisory Council Santa Ana, CA | General & Unrestricted | $7,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $60,210 | $2,739 | $3,223 | — | — | $2,675 | $2,191 | $3,625 |
| 2024 | $60,694 | $2,893 | $3,104 | — | — | $2,596 | $2,385 | $3,422 |
| 2023 | $60,905 | $3,618 | $25,689 | $22,500 | 2 | $25,066 | $3,095 | $3,401 |
| 2022 | $82,976 | $-2,359 | $4,762 | $1,500 | 1 | $4,098 | $474 | $4,351 |
| 2021 | $90,097 | $3,196 | $3,261 | — | — | $2,592 | $2,537 | $4,782 |
| 2020 | $90,162 | $25,042 | $6,028 | $3,500 | 2 | — | $17 | $3,566 |
| 2019 | $71,148 | $50,026 | $24,962 | $22,500 | 4 | — | $26 | $2,706 |
Under IRS private-foundation payout rules, The Watts Family Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Watts Family Foundation is led by Richard Watts, President, Director & Secretary on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Watts
President, Director & Secretary
On filings since 2019
1 hr/week
No compensation reported
Debra Watts
Vice President & Director
Vice President → Vice President & Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Debbie Watts (2019) — Vice President
Data from IRS Form 990 filings, 2019–2025. "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 large is The Watts Family Foundation?
The Watts Family Foundation reported $60K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $4K (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 Watts Family Foundation operate?
The Watts Family Foundation has awarded grants in California, Indiana.
What is The Watts Family Foundation's EIN?
The Watts Family Foundation's EIN (Employer Identification Number) is 20-1944745. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Watts Family Foundation's focus areas in our free grants database
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