Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 10 grants totaling $182K. Net investment income was $179K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+17.6% YoY
Annual Giving
$182K
-1.4% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$18K
+8.5% YoY
Under IRS private-foundation payout rules, Watts Family Foundation reported a distributable amount of $191K for 2024 — the minimum it must pay out in qualifying distributions.
About Watts Family Foundation
Based on IRS filings
Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 10 grants totaling $182K. Net investment income was $179K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,438,729 | $3,775,856 | $3,365,025 |
| Revenue | $795,364 | $554,525 | $1,220,313 |
| Expenses | $304,021 | $297,983 | $224,702 |
| Qualifying Distributions | $181,733 | $184,306 | $136,000 |
| Net Investment Income | $178,909 | $197,508 | $134,340 |
| Distributable Amount | $190,952 | $131,701 | $170,243 |
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
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arenaco ($100,000), City of North Liberty ($20,833), Eastern Iowa Fca ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARENACO CORALVILLE, IA | FOR UNRESTRICTED USE BY RECIPIENT | $100,000 |
| DOMESTIC VIOLENCE INTERVENTION PROGRAM IOWA CITY, IA | FOR UNRESTRICTED USE BY RECIPIENT | $10,000 |
| EASTERN IOWA FCA CEDAR RAPIDS, IA | FOR UNRESTRICTED USE BY RECIPIENT | $20,000 |
| IOWA CITY BIKE LIBRARY IOWA CITY, IA | FOR UNRESTRICTED USE BY RECIPIENT | $5,000 |
| UNIVERSITY OF NORTHERN IOWA FOUNDATION CEDAR FALLS, IA | FOR UNRESTRICTED USE BY RECIPIENT | $6,000 |
| FREE MEDICAL AND DENTAL CLINIC IOWA CITY, IA | FOR UNRESTRICTED USE BY RECIPIENT | $10,000 |
| CITY OF NORTH LIBERTY CORALVILLE, IA | FOR UNRESTRICTED USE BY RECIPIENT | $20,833 |
| JOHNSON STEAM ACADEMY CEDAR RAPIDS, IA | FOR UNRESTRICTED USE BY RECIPIENT | $500 |
| NO FOOT TOO SMALL CORALVILLE, IA | FOR UNRESTRICTED USE BY RECIPIENT | $4,400 |
| COMMUNITY FOUNDATION OF JOHNSON COUNTY CORALVILLE, IA | FOR UNRESTRICTED USE BY RECIPIENT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY WATTS | DIRECTOR | 1 | — |
| BECKY WATTS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Watts Family Foundation?
Watts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. It holds $4.4M in total assets as of 2024.
How large is Watts Family Foundation?
As of 2024, Watts Family Foundation holds $4.4M in total assets with $795K in annual revenue. It awarded 10 grants totaling $182K in 2024.
Where does Watts Family Foundation operate?
Watts Family Foundation has awarded grants in Iowa, Michigan.
What size grants does Watts Family Foundation award?
In 2024, Watts Family Foundation awarded 10 grants totaling $182K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Watts Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Watts Family Foundation reported a distributable amount of $191K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Watts Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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