Western Asset Management Company
Western Asset Management Company is a private foundation based in Pasadena, California. Its 2026 filing reports 66 grants totaling $54,943, supporting charitable organizations including education and humanitarian organizations, as well as religious organizations.
Key facts about Western Asset Management Company
In short: Western Asset Management Company gave $55K across 66 grants in 2026 (avg $832.47), mostly in California. 42% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- EIN
- 20-2589546
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $54,943
- Grants made (2026)
- 66
- Average grant
- $832
- Median grant
- $1,000
- New grantees (estimate)
- 42% first-time grantees (22 of 52, 2026)
- Total assets
- $9,732
- Primary geography
- California (78% of itemized 2026 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2026; updated October 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 2026 IRS Form 990-PF · View filing
Total Assets
$10K
-76.5% YoY
Annual Giving
$55K
-63.8% YoY
Grant Count
66
-41.6% YoY
Avg Grant Size
$832.47
-37.9% YoY
Under IRS private-foundation payout rules, Western Asset Management Company reported a distributable amount of $1K for 2026 — the minimum it must pay out in qualifying distributions.
Is Western Asset Management Company open to new grantees?
42%
first-time grantees, 2026
In 2026, 22 of 52 grantees (42%) were first-time recipients. First grants averaged $1K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 40% of 2026 grantees were also funded in 2025. Method
- Giving fell 80% from 2023 to 2026. Method
- In 2026 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2026). 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 2026 grants show support for organizations working in education, humanitarian aid, and religious activities. For example, Pasadena Educational Foundation says its mission is to achieve excellence and equity in Pasadena Unified School District schools; Pasadena City College Foundation says it develops funding and community support to enhance teaching and learning at the college. California Community Foundation describes its mission as investing in, partnering with, and amplifying the community to build a good life.
Other 2026 recipients include San Marino Schools Foundation, which says it provides financial support to the local school district and supports full-time teachers; Special Operations Warrior Foundation, which describes its work as providing educational support to children of fallen special operations personnel; and Teatown Lake Reservation, which says it aims to inspire lifelong environmental stewardship.
Grantmaking
In filing year 2026, the foundation reported 66 grants totaling $54,943. Grants ranged from $100 to $6,772, with a median grant of $1,000.
The largest reported grants included $6,772 to California Community Foundation for humanitarian purposes, $3,720 to Pasadena Educational Foundation for education, and $1,432 to Pasadena City College Foundation for education. Other listed recipients included California Institute of Technology, California School of the Arts San Gabriel Valley, Fellowship of Christian Athletes, Filipino International Fellowship, First Church of the Nazarene, Flintridge Preparatory School, and Fordham Preparatory School.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Western Asset Management Company?
Geographic Focus
Where this funder awards grants
In 2026, 78% of grant dollars went to recipients in California, 10% to New York, 3% to New Jersey, and 2% each to Connecticut and Florida.
Grant Distribution by State
Share of 2026 grant dollars across all 66 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $55K (2026) to $462K (2021). In 2026 it made 66 grants totaling $55K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was California Community Foundation ($7K). Together the top 10 received $25K.
Grant Size Distribution
495 grants across all recorded years
The most common grant size was under $50K: 488 grants of 495 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| California Community Foundation Los Angeles, CA | Humanitarian | $6,772 |
| Pasadena Educational Foundation Pasadena, CA | Education | $3,720 |
| Pasadena City College Foundation Inc Pasadena, CA | Education | $1,432 |
| California Institute of Technology Pasadena, CA | Education | $1,000 |
| California Institute of Technology Pasadena, CA | Education | $1,000 |
| California Institute of Technology Pasadena, CA | Education | $1,000 |
| California School of the Arts San Gabriel Valley Duarte, CA | Education | $1,000 |
| Fellowship of Christian Athletes New Jersey, NJ | Religious | $1,000 |
| Filipino International Fellowship Winnetka, CA | Religious | $1,000 |
| First Church of the Nazarene Pasadena, CA | Religious | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2026 | $9,732 | $25,461 | $57,167 | $54,943 | 66 |
| 2025 | $41,438 | $8,224 | $162,441 | $151,599 | 113 |
| 2024 | $195,655 | $4,239 | $217,529 | $209,406 | 89 |
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $9,732 | $41,438 | $195,655 |
| Revenue | $25,461 | $8,224 | $4,239 |
| Expenses | $57,167 | $162,441 | $217,529 |
| Qualifying Distributions | $57,167 | $162,223 | $217,516 |
| Net Investment Income | $214 | $860 | $448 |
| Distributable Amount | $1,417 | $4,921 | $13,710 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 3, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists James W. Hirschmann as president, Tracey A. Hutson as secretary, and Robert Sibbrell as administrative officer/director.
Western Asset Management Company is led by James W. Hirschmann, President on every filing since 2020; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
James W. Hirschmann
President
On filings since 2020
1 hr/week
No compensation reported
Robert Sibbrel
Administrator Officer & Director
On filings since 2021
1 hr/week
No compensation reported
Tracey A. Hutson
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Steven R. Perzyna (2021–2024) — CFO & Director · Filing note: As of 862020
- Former: Bruce D. Alberts (2020–2021) — CFO · Filing note: Through 862020
- Former: Regina Johnson (2020–2021) — Director · Filing note: Through 862020
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 385 E Colorado Blvd, Pasadena, CA 91101
Phone: (626) 844-9400
Website: https://westernasset.com
Frequently asked questions about Western Asset Management Company
How much does Western Asset Management Company give each year?
Western Asset Management Company gave $55K across 66 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $152K across 113 grants.
What is Western Asset Management Company's typical grant size?
Western Asset Management Company's median grant in 2026 was $1,000, and its average grant was $832, across 66 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Western Asset Management Company that year got $1K on average.
Where does Western Asset Management Company give grants?
Western Asset Management Company gives mostly in California: 78% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was New York (10%). The most frequent recipient cities were Pasadena, CA (13 grants), Los Angeles, CA (10 grants), East Medow, NY (4 grants) and La Canada Flintridge, CA (3 grants).
Does Western Asset Management Company give general operating support?
Not in 2026: none of the 66 grants with a stated purpose on Western Asset Management Company's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (37 grants), "Humanitarian" (11 grants) and "Health" (9 grants).
Who are Western Asset Management Company's largest grantees?
Western Asset Management Company's largest 2026 grantees include California Community Foundation ($6,772), Pasadena Educational Foundation ($4,720 across 2 grants) and California Institute of Technology ($3,000 across 3 grants), according to its 2026 IRS Form 990-PF. Together they received 26% of its itemized 2026 grant dollars.
How large is Western Asset Management Company?
Western Asset Management Company reported $10K in total assets on its 2026 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
What does Western Asset Management Company fund?
No mission statement for the foundation is provided. Its 2026 grants show support for organizations working in education, humanitarian aid, and religious activities. See mission & focus areas ↑
How do I apply for a grant from Western Asset Management Company?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Western Asset Management Company's EIN?
Western Asset Management Company's EIN (Employer Identification Number) is 20-2589546. IRS Form 990 filing data is available on this page for 2020–2026.
Does Western Asset Management Company accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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