The William R Watts Fndn Inc
The William R Watts Fndn Inc is a private foundation based in Fort Lauderdale, Florida. Created in 1979 by William R. Watts and substantially funded after his death, it distributes portions of its income and principal to eligible charities, primarily those with principal offices and activities in Miami-Dade or Broward County, Florida.
Key facts about The William R Watts Fndn Inc
In short: The William R Watts Fndn Inc gave $1.1M across 55 grants in 2025 (avg $20K), mostly in Florida. 11% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 59-1971220
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,110,000
- Grants made (2025)
- 55
- Average grant
- $20,182
- Median grant
- $5,000
- New grantees (estimate)
- 11% first-time grantees (6 of 54, 2025)
- Total assets
- $27,352,408
- Primary geography
- Florida (98% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- Yes
- How to apply
- The foundation accepts unsolicited requests for funds. Full details ↓
- Deadline
- Requests must be submitted by August 1 of each fiscal year.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$27.4M
+5.8% YoY
Annual Giving
$1.1M
+0.9% YoY
Grant Count
55
+1.9% YoY
Avg Grant Size
$20K
-0.9% YoY
Under IRS private-foundation payout rules, The William R Watts Fndn Inc reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
Is The William R Watts Fndn Inc open to new grantees?
11%
first-time grantees, 2025
In 2025, 6 of 54 grantees (11%) were first-time recipients. First grants averaged $5K; repeat grants $23K. How we count
Medians: $5K first-time, $5K repeat.
- 89% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated purpose is to distribute portions of its income and principal each taxable year, as determined by its board. Its grantmaking supports a range of charitable organizations. For example, Community Foundation of Broward describes its mission as providing leadership on community solutions and fostering philanthropy; The Miami Foundation describes itself as a philanthropic bank, collaboration hub, and center for leadership and problem-solving in Greater Miami.
Other 2025 recipients describe work in areas including services for people with developmental disabilities and other life challenges (ARC Broward), support for at-risk children and youth and their families (Children’s Harbor), and education and financial support for Broward College (Broward College Foundation). These are the grantees’ stated missions, not a separate mission statement for the foundation.
Grantmaking
In 2025, the foundation awarded 55 grants totaling $1,110,000. Grants ranged from $5,000 to $110,000, with a median of $5,000. Seven of the largest listed grants were $110,000 each: First Presbyterian Church Fort Lauderdale, Boys & Girls Clubs of Broward County, United Way of Broward County, United Way of Miami-Dade, Broward County Chapter of the Salvation Army, The Miami Foundation, and Community Foundation of Broward. Washington University in St. Louis received $25,000. Habitat for Humanity of Broward, HANDY, Kids in Distress, and SOS Children’s Village Florida each received $10,000.
Review Cycle
Requests must be submitted by August 1 of each fiscal year.
Ready to take the next step with The William R Watts Fndn Inc?
Geographic Focus
Where this funder awards grants
The foundation’s stated geographic focus is charities with principal offices and activities in Miami-Dade or Broward County, Florida, subject to the stated exceptions for a Presbyterian theological seminary and Washington University in St. Louis. In 2025, 98% of grant dollars went to recipients in Florida and 2% to recipients in Missouri.
Grant Distribution by State
Share of 2025 grant dollars across all 55 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.1M (2019) to $1.1M (2025). In 2025 it made 55 grants totaling $1.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was First Presbyterian Church Ft Laud ($110K). Together the top 10 received $825K.
Grant Size Distribution
255 grants across all recorded years
The most common grant size was under $50K: 220 grants of 255 (86%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church Ft Laud Fort Lauderdale, FL | General | $110,000 |
| Boys Girls Clubs of Broward Cnty Fort Lauderdale, FL | General | $110,000 |
| United Way of Broward Cnty Fort Lauderdale, FL | General | $110,000 |
| United Way of Miami-Dade Miami, FL | General | $110,000 |
| Broward Cnty Chapter Salvation Army Fort Lauderdale, FL | General | $110,000 |
| The Miami Foundation Miami, FL | General | $110,000 |
| Community Foundation of Broward Fort Lauderdale, FL | General | $110,000 |
| Washington University St Louis St. Louis, MO | General | $25,000 |
| Habitat for Humanity of Broward Fort Lauderdale, FL | General | $10,000 |
| Handy Inc Fort Lauderdale, FL | General | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $27,352,408 | $955,661 | $1,353,683 | $1,110,000 |
| 2024 | $25,863,559 | $3,069,304 | $1,350,363 | $1,100,000 |
| 2023 | $22,196,364 | $696,001 | $1,337,596 | $1,100,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $27,352,408 | $25,863,559 | $22,196,364 |
| Revenue | $955,661 | $3,069,304 | $696,001 |
| Expenses | $1,353,683 | $1,350,363 | $1,337,596 |
| Qualifying Distributions | $1,203,353 | $1,193,116 | $1,187,272 |
| Net Investment Income | $883,724 | $2,978,201 | $553,341 |
| Distributable Amount | $1,285,148 | $1,136,913 | $1,106,805 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 2, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Wilson B. Greaton Jr. Esq. as Chairman/VP and Elizabeth Greaton Stephany Esq. as President/Secretary/Treasurer. Directors listed are Brandon Kress, D. Keith Cobb, Lindsey Linzer, Lilly Gallardo, Norie Del Valle, Stephanie A. Aoun, and Richard G. Coker Jr. Esq.
The William R Watts Fndn Inc is led by Elizabeth Greaton Stephany Esq., President, Secretary & Treasurer since 2024 (on filings since 2019); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth Greaton Stephany Esq.
President, Secretary & Treasurer
Vice President, Secretary & Treasurer → President, Secretary & Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Wilson B. Greaton Jr. Esq.
Chairman & Vice President
Chairman & President → Chairman & Vice President, 2024
On filings since 2019
10 hrs/week
No compensation reported
D. Keith Cobb
Director
On filings since 2019
1 hr/week
No compensation reported
Lilly Gallardo
Director
On filings since 2019
1 hr/week
No compensation reported
Richard G. Coker Jr. Esq.
Director
On filings since 2019
1 hr/week
No compensation reported
Lindsey Linzer
Director
On filings since 2022
1 hr/week
No compensation reported
Stephanie A. Aoun
Director
On filings since 2022
1 hr/week
No compensation reported
Brandon Kress
Director
On filings since 2023
1 hr/week
No compensation reported
Norie Del Valle
Director
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Mary E. Donworth (2019–2022) — Director
- Former: William J. Rotella (2019–2022) — Director
- Former: Charisse Grant (2019–2021) — Director
- Former: Paul E. Daly (2019–2021) — Director
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.
Contact
Application contact: Elizabeth Greaton Stephany Vp
Mailing address: PO Box 39238, Fort Lauderdale, FL 33339
Phone: (954) 561-0313
Website: https://thewattsfoundation.org
Frequently asked questions about The William R Watts Fndn Inc
How much does The William R Watts Fndn Inc give each year?
The William R Watts Fndn Inc gave $1.1M across 55 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.1M across 54 grants.
What is The William R Watts Fndn Inc's typical grant size?
The William R Watts Fndn Inc's median grant in 2025 was $5,000, and its average grant was $20,182, across 55 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The William R Watts Fndn Inc that year got $5K on average.
Where does The William R Watts Fndn Inc give grants?
The William R Watts Fndn Inc gives mostly in Florida: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Lauderdale, FL (26 grants), Miami, FL (4 grants), Boca Raton, FL (4 grants) and Coconut Creek, FL (3 grants).
Does The William R Watts Fndn Inc give general operating support?
Yes: 100% of The William R Watts Fndn Inc's 2025 grants with a stated purpose (55 of 55) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The William R Watts Fndn Inc's largest grantees?
The William R Watts Fndn Inc's largest 2025 grantees include First Presbyterian Church Ft Laud ($110,000), Boys Girls Clubs of Broward Cnty ($110,000) and United Way of Broward Cnty ($110,000), according to its 2025 IRS Form 990-PF. Together they received 30% of its itemized 2025 grant dollars.
How large is The William R Watts Fndn Inc?
The William R Watts Fndn Inc reported $27.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $1.3M (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.
What does The William R Watts Fndn Inc fund?
The foundation’s stated purpose is to distribute portions of its income and principal each taxable year, as determined by its board. Its grantmaking supports a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The William R Watts Fndn Inc?
The foundation accepts unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The William R Watts Fndn Inc's EIN?
The William R Watts Fndn Inc's EIN (Employer Identification Number) is 59-1971220. IRS Form 990 filing data is available on this page for 2019–2025.
Does The William R Watts Fndn Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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