Walter E & Caroline H Watson Foundation
- Assets
- $7.4m
- Revenue
- $769.7k
- Investments
- $7.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1965
- Data as of
- 12/2023
- EIN
- 34-6547726
Organization Overview
Walter E & Caroline H Watson Foundation is located in Pittsburgh, PA. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter E & Caroline H Watson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Walter E & Caroline H Watson Foundation generated $769.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $363.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Walter E & Caroline H Watson Foundation has awarded 313 individual grants totaling $2,890,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $205,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,984 |
| Capital Gain Net Income | $556,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,623 |
| Total Revenue | $769,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,730 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,858 |
| Total operating and administrative expenses | $55,009 |
| Contributions, gifts, grants paid | $308,614 |
| Total expenses and disbursements | $363,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,673 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,417,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,410,290 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Walter E & Caroline H Watson Foundation has awarded $308,614 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO FOUNDATION OF PARTICIPANTS PURPOSE: WATSON FOUNDATION | $3,300 |
YOUNGSTOWN PLAYHOUSE PURPOSE: 2024 YOUTH THEATRE PROGRAM | $10,000 |
NATIONAL SOCIETY TO PREVENT BLINDNESS PURPOSE: MAHONING VALLEY OUTREACH | $5,000 |
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $21,000 |
FAMILY & COMMUNITY SERVICES PURPOSE: BBBS SITE BASED MENTORING | $2,000 |
YMCA OF YOUNGSTOWN PURPOSE: LIVESTRONG | $7,500 |