Walter E & Caroline H Watson Trust
No verified information about the Walter E & Caroline H Watson Trust was found in the provided sources. While several foundations with "Watson" in their name appear in the source materials (including the Hyde and Watson Foundation, Walter Johnson Trust, Watson Foundation Fund, and J.S. Watson Grants), none of these sources contain specific details about the Walter E & Caroline H Watson Trust.
Key facts about Walter E & Caroline H Watson Trust
- EIN
- 34-6547726
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $353,860
- Grants made (2024)
- 28
- Average grant
- $12,638
- Median grant
- $10,000
- New grantees (estimate)
- 11% first-time grantees (3 of 28, 2024)
- Total assets
- $7,583,911
- Primary geography
- Ohio (96% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Walter E & Caroline H Watson Trust funds
By grant dollars, the top recipient states for Walter E & Caroline H Watson Trust's 28 itemized 2024 grants were Ohio (96%). The most frequent recipient cities were Youngstown, OH (21 grants) and Akron, OH (2 grants). 18% of grants with a stated purpose were for general or operating support.
Is Walter E & Caroline H Watson Trust open to new grantees?
11%
first-time grantees, 2024
In 2024, 3 of 28 grantees (11%) were first-time recipients. First grants averaged $8K; repeat grants $13K. How we count
Medians: $10K first-time, $10K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Walter E & Caroline H Watson Trust
- How to evaluate Walter E & Caroline H Watson Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.6M
+2.3% YoY
Annual Giving
$354K
+14.7% YoY
Grant Count
28
-9.7% YoY
Avg Grant Size
$13K
+26.9% YoY
Under IRS private-foundation payout rules, Walter E & Caroline H Watson Trust reported a distributable amount of $427K for 2024 — the minimum it must pay out in qualifying distributions.
Ready to take the next step with Walter E & Caroline H Watson Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 28 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,583,911 | $7,410,290 | $7,004,893 |
| Revenue | $607,819 | $769,663 | $-26,889 |
| Expenses | $430,252 | $363,623 | $568,634 |
| Qualifying Distributions | $374,784 | $332,054 | $511,614 |
| Net Investment Income | $569,437 | $728,202 | $144,290 |
| Distributable Amount | $427,413 | $377,300 | $400,100 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
163 grants across all recorded years
Open Grants
1 open opportunity from Walter E & Caroline H Watson Trust
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Community Corporation ($40,000), Mercy Health Fdn ($31,886), Akron Children's Hospital ($31,886).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY CORPORATION Youngstown, OH | SUCCESS BY & AFTER 6 & | $40,000 |
| MERCY HEALTH FDN Youngstown, OH | GENERAL SUPPORT | $31,886 |
| AKRON CHILDREN'S HOSPITAL Akron, OH | GENERAL PURPOSE | $31,886 |
| SALVATION ARMY Youngstown, OH | EMERGENCY SOCIAL SERVICES | $26,000 |
| YOUNGSTOWN AREA JEWISH FEDERATION Youngstown, OH | EARLY LEARNING CENTER | $25,000 |
| YMCA OF YOUNGSTOWN Youngstown, OH | FINANCIAL ASSISTANCE | $15,000 |
| AKIVA ACADEMY Youngstown, OH | WELL-ROUNDED EDUCATION | $15,000 |
| THE YOUNGSTOWN EDISON INCUBATOR Youngstown, OH | YOUTH ENTREPRENEURSHIP | $15,000 |
| AMERICAN RED CROSS GREATER AKRON Akron, OH | MAHONING VALLEY HOME FIRE | $15,000 |
| RESCUE MISSION OF MAHONING VALLEY Youngstown, OH | CLIENT ASSISTANCE | $10,588 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC Bank NA | Trustee | 10 | $50,936 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What size grants does Walter E & Caroline H Watson Trust award?
In 2024, Walter E & Caroline H Watson Trust awarded 28 grants totaling $354K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Walter E & Caroline H Watson Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter E & Caroline H Watson Trust reported a distributable amount of $427K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter E & Caroline H Watson Trust's EIN?
Walter E & Caroline H Watson Trust's EIN (Employer Identification Number) is 34-6547726. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.