Watly Foundation
Watly Foundation is a private foundation focused on Mental Health & Crisis Intervention, based in Palo Alto, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it awarded 7 grants totaling $111K. Net investment income was $24K.
Watly Foundation at a glance
In short: Watly Foundation gave $111K across 7 grants in 2025 (avg $16K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $110,700
- +70.2% vs 2024
- Grants made (2025)
- 7
- -36.4% vs 2024
- Average grant
- $15,814
- +167.4% vs 2024
- Median grant
- $200
- Total assets
- $1,768,591
- +21.4% vs 2024
- Primary geography
- Massachusetts (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Watly Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Phillips Academy ($100K). Together the top 7 received $111K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 51 grants of 55 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Watly Foundation gives
- Giving grew 41% from 2022 to 2025. Method
- In 2025 it paid out 153% 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 2025, annual grant giving ranged from $39K (2021) to $111K (2025). In 2025 it made 7 grants totaling $111K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Phillips Academy Andover, MA | Donations | $100,000 |
| Sacred Heart Schools Atherton, CA | Donations | $10,000 |
| Cancer Research America NFCR Rockville, MD | Donations | $200 |
| National Childrens Cancer Society Inc Belleville, IL | Donations | $200 |
| March of Dimes San Jose, CA | Donations | $150 |
| Special Olympics Inc San Jose, CA | Donations | $100 |
| National Conflict Resolution Center San Diego, CA | Donations | $50 |
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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 | $1,768,591 | $448,213 | $135,941 | $110,700 | 7 | $121,709 | $23,981 | $79,726 |
| 2024 | $1,456,319 | $22,286 | $72,126 | $65,050 | 11 | $72,126 | $36,122 | — |
| 2023 | $1,506,159 | $357,980 | $80,835 | $60,000 | 1 | $80,833 | $113 | — |
| 2022 | $1,229,014 | $700,153 | $109,746 | $78,600 | 15 | $109,701 | $108 | — |
| 2021 | $638,607 | $510,437 | $54,501 | $38,736 | 21 | — | $437 | — |
Under IRS private-foundation payout rules, Watly Foundation reported a distributable amount of $80K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Watly Foundation is led by William An, CEO on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
William An
CEO
On filings since 2021
0.5 hrs/week
No compensation reported
Alexander An
COO
On filings since 2021
0.5 hrs/week
No compensation reported
Li An
Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
Ying Gu
CFO
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Watly Foundation
How much does Watly Foundation give each year?
Watly Foundation gave $111K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $65K across 11 grants.
What is Watly Foundation's typical grant size?
Watly Foundation's median grant in 2025 was $200, and its average grant was $15,814, across 7 grants on its 2025 IRS Form 990-PF.
Where does Watly Foundation give grants?
Watly Foundation gives mostly in Massachusetts: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (9%). The most frequent recipient cities were San Jose, CA (2 grants).
Does Watly Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Watly Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donations" (7 grants).
Who are Watly Foundation's largest grantees?
Watly Foundation's largest 2025 grantees include Phillips Academy ($100,000), Sacred Heart Schools ($10,000) and Cancer Research America NFCR ($200), according to its 2025 IRS Form 990-PF.
How large is Watly Foundation?
Watly Foundation reported $1.8M in total assets on its 2025 IRS Form 990-PF. It paid out $122K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets).
What is Watly Foundation?
Watly Foundation is a private foundation focused on Mental Health & Crisis Intervention, based in Palo Alto, CA. It holds $1.8M in total assets as of 2025.
What is Watly Foundation's EIN?
Watly Foundation's EIN (Employer Identification Number) is 83-1974107. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
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Browse active grant opportunities in Watly Foundation's focus areas in our free grants database
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