Watts Family Foundation
The Watts Family Foundation is a private foundation based in Coralville, Iowa. In its 2025 filing, it reported giving $289,233 through 24 grants to charitable organizations, with most grant dollars going to recipients in Iowa.
Key facts about Watts Family Foundation
In short: Watts Family Foundation gave $289K across 24 grants in 2025 (avg $12K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 81-2552110
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $289,233
- Grants made (2025)
- 24
- Average grant
- $12,051
- Median grant
- $7,500
- Total assets
- $5,091,277
- Primary geography
- Iowa (90% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests; it states that it contributes only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. 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
$5.1M
+14.7% YoY
Annual Giving
$289K
+59.2% YoY
Grant Count
24
+140.0% YoY
Avg Grant Size
$12K
-33.7% YoY
Under IRS private-foundation payout rules, Watts Family Foundation reported a distributable amount of $218K for 2025 — the minimum it must pay out in qualifying distributions.
How Watts Family Foundation gives
- 33% of 2025 grantees were also funded in 2024. Method
- Giving grew 113% from 2022 to 2025. Method
- In 2025 it paid out 133% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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
No mission statement for the foundation is provided. Its 2025 grantees include organizations with varied missions. ARENACO describes its work as supporting the City of Coralville, lessening burdens on city government, promoting economic development, and promoting residents’ social welfare. The Domestic Violence Intervention Program says it provides support and advocacy to survivors, focusing on safety, empowerment, dignity, and hope. No Foot Too Small describes work supporting families affected by pregnancy or infant loss and funding hospital bereavement suites.
Grantmaking
In 2025, the foundation made 24 grants totaling $289,233. Grant amounts ranged from $1,000 to $100,000, with a median grant of $7,500.
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Geographic Focus
Where this funder awards grants
In 2025, 90% of grant dollars went to recipients in Iowa, 5% to Idaho, 3% to Hawaii, 1% to New York, and 0% to Tennessee, as reported in the filing.
Grant Distribution by State
Share of all 24 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $122K (2021) to $289K (2025). In 2025 it made 24 grants totaling $289K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Arenaco ($100K). Together the top 10 received $229K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 49 grants of 54 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arenaco Coralville, IA | For Unrestricted Use by Recipient | $100,000 |
| City of North Liberty Coralville, IA | For Unrestricted Use by Recipient | $20,833 |
| Ronald McDonald House Iowa City, IA | For Unrestricted Use by Recipient | $20,000 |
| Free Medical and Dental Clinic Iowa City, IA | For Unrestricted Use by Recipient | $15,000 |
| City of Ketchum Ketchum, ID | For Unrestricted Use by Recipient | $15,000 |
| Lifewise Academy Iowa City, IA | For Unrestricted Use by Recipient | $12,500 |
| Newman Catholic Iowa City, IA | For Unrestricted Use by Recipient | $12,500 |
| Veritas Church Tiffin, IA | For Unrestricted Use by Recipient | $12,000 |
| Riverside Theather Iowa City, IA | For Unrestricted Use by Recipient | $11,000 |
| Domestic Violence Intervention Program Iowa City, IA | For Unrestricted Use by Recipient | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2025 | $5,091,277 | $1,251,526 | $424,020 | $289,233 | 24 |
| 2024 | $4,438,729 | $795,364 | $304,021 | $181,733 | 10 |
| 2023 | $3,775,856 | $554,525 | $297,983 | $184,306 | 11 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,091,277 | $4,438,729 | $3,775,856 |
| Revenue | $1,251,526 | $795,364 | $554,525 |
| Expenses | $424,020 | $304,021 | $297,983 |
| Qualifying Distributions | $289,233 | $181,733 | $184,306 |
| Net Investment Income | $627,526 | $178,909 | $197,508 |
| Distributable Amount | $218,208 | $190,952 | $131,701 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gary Watts and Becky Watts as directors.
Watts Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Becky Watts
Director
On filings since 2020
1 hr/week
No compensation reported
Gary Watts
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 425 E Oakdale Blvd, Coralville, IA 52241
Phone: (319) 338-4100
Frequently asked questions about Watts Family Foundation
How much does Watts Family Foundation give each year?
Watts Family Foundation gave $289K across 24 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $182K across 10 grants.
What is Watts Family Foundation's typical grant size?
Watts Family Foundation's median grant in 2025 was $7,500, and its average grant was $12,051, across 24 grants on its 2025 IRS Form 990-PF.
Where does Watts Family Foundation give grants?
Watts Family Foundation gives mostly in Iowa: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Idaho (5%). The most frequent recipient cities were Iowa City, IA (7 grants), Coralville, IA (4 grants) and Cedar Rapids, IA (3 grants).
Does Watts Family Foundation give general operating support?
Yes: 100% of Watts Family Foundation's 2025 grants with a stated purpose (24 of 24) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Watts Family Foundation's largest grantees?
Watts Family Foundation's largest 2025 grantees include Arenaco ($100,000), City of North Liberty ($20,833) and Ronald McDonald House ($20,000), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is Watts Family Foundation?
Watts Family Foundation reported $5.1M in total assets on its 2025 IRS Form 990-PF. It paid out $289K in qualifying distributions that year, against a required minimum of $218K (roughly 5% of its investment assets).
What does Watts Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grantees include organizations with varied missions. ARENACO describes its work as supporting the City of Coralville, lessening burdens on city government, promoting economic development, and promoting residents’ social welfare. See mission & focus areas ↑
How do I apply for a grant from Watts Family Foundation?
The foundation does not accept unsolicited requests; it states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Watts Family Foundation's EIN?
Watts Family Foundation's EIN (Employer Identification Number) is 81-2552110. IRS Form 990 filing data is available on this page for 2020–2025.
Does Watts Family Foundation accept unsolicited proposals?
No, 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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