Western Asset Management Company
The Western Asset Management Company Charitable Foundation is a private foundation established in 2005 and headquartered in Pasadena, California. It operates as a corporate foundation affiliated with Western Asset Management Company, a globally integrated fixed-income investment management firm founded in 1971. The foundation is designated as a 501(c)(3) organization and does not accept unsolicited applications.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$41K
-78.8% YoY
Annual Giving
$152K
-27.6% YoY
Grant Count
113
+27.0% YoY
Avg Grant Size
$1K
-43.0% YoY
Under IRS private-foundation payout rules, Western Asset Management Company reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, based on its grantmaking patterns, the foundation focuses on:
- Education
- Philanthropy and voluntarism
- Human services
- Health services
- Humanitarian efforts
- Religious initiatives
- Civic projects
Grantmaking
The foundation contributes only to pre-selected organizations and does not accept unsolicited applications. No grants are made to individuals.
Average Grant
amounts range from $100 to $61,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in California, with some funding activity in:
- New York
- Washington
- Colorado
- Washington, D.C.
- Singapore (limited activity)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2025):
- Total Assets: $41,438
- Total Revenue: $8,224
- Total Expenses: $162,441
- Total Giving: $151,599
Historical Financial Data (2024):
- Total Assets: $196,000
- Revenue: $4,240
- Expenses: $218,000
Earlier Financial Data (2014):
- Total Assets: $3,315,000
The foundation maintains minimal staff, with zero employees listed in recent filings.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $41,438 | $195,655 | $412,700 |
| Revenue | $8,224 | $4,239 | $14,654 |
| Expenses | $162,441 | $217,529 | $277,893 |
| Qualifying Distributions | $162,223 | $217,516 | $277,879 |
| Net Investment Income | $860 | $448 | $960 |
| Distributable Amount | $4,921 | $13,710 | $25,950 |
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 2025
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Altadena Rotary Charities ($1,000), Boule Foundation ($1,000), California High School Cross Country and Long Distance Track Boosters ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN AMERICAN MUSEUM OF BEGINNINGS POMONA, CA | CIVIC | $200 |
| ALICE C STELLE MIDDLE SCHOOL PARENT FACULTY CLUB CALABASAS, CA | CIVIC | $550 |
| ALTADENA ROTARY CHARITIES ALTADENA, CA | CIVIC | $500 |
| ALTADENA ROTARY CHARITIES ALTADENA, CA | CIVIC | $1,000 |
| AMERICAN CANCER SOCIETY NEW YORK, NY | HEALTH | $150 |
| AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS NEW YORK, NY | HEALTH | $300 |
| ANIMAL CARE CENTER OF NYC NEW YORK, NY | HUMANITARIAN | $100 |
| ANIMAL CARE CENTER OF NYC NEW YORK, NY | HUMANITARIAN | $100 |
| ARCHDIOCESE OF LOS ANGELES LOS ANGELES, CA | RELIGIOUS | $100 |
| ARCHDIOCESE OF LOS ANGELES LOS ANGELES, CA | RELIGIOUS | $200 |
Leadership & Key People
Leadership team and compensation from IRS filings
- James W. Hirschmann – President
- Tracey A. Hutson – Director
- Bruce D. Alberts – Chief Financial Officer
- Paul White – Director
- Steven R Perzyna – Chief Financial Officer and Director
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES W HIRSCHMANN | PRESIDENT | 1 | — |
| TRACEY A HUTSON | SECRETARY | 1 | — |
| ROBERT SIBBREL | ADMIN OFFICER/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Western Asset Management Company fund?
The foundation does not maintain a publicly stated mission statement. However, based on its grantmaking patterns, the foundation focuses on: • Education • Philanthropy and voluntarism • Human services • Health services • Humanitarian efforts • Religious initiatives • Civic projects
How do I apply for a grant from Western Asset Management Company?
**Grant Activity:** • The foundation made 89 grants in its most recent fiscal year (2025) • Total giving: $151,599 (based on recent filings) • Average grant amounts range from $100 to $61,000 • Recent notable grants include: • $60,000 to UCLA Foundation (Education) • $25,000 to East Valley Huntington Hospital (Health) • $5,158 to My Sister My Friend Breast Cancer Support (Humanitarian) • $100,000 to Iraq and Afghanistan Veterans of America (New York) • $700,000 to Legacy Connections (Pasadena, …
Where does Western Asset Management Company make grants?
The foundation primarily funds organizations in California, with some funding activity in: • New York • Washington • Colorado • Washington, D.C. • Singapore (limited activity)
What size grants does Western Asset Management Company award?
In 2025, Western Asset Management Company awarded 113 grants totaling $152K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Western Asset Management Company required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Western Asset Management Company reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2025.
Explore Open Grants
Browse active grant opportunities in Western Asset Management Company's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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