Walter E & Caroline H Watson Foundation

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

501(c)(3) charity; gifts are tax-deductible.
$53K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: 990-PF Part VIII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $26K a year · 6% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$53K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
990-PF Part VIII
6.1 mo
of spending, in cash
6.1 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
990-PF Pt II · Ln 23
Revenue
$601K
-1% vs prior year
Spent
$475K
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$601K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020−$212K
FY2021$809K
FY2022−$27K
FY2023$770K
FY2024$608K
FY2025$601K
Expenses
$475K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$430K
FY2021$436K
FY2022$569K
FY2023$364K
FY2024$430K
FY2025$475K
Net assets
$7.7M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$7.6M
FY2022$7.0M
FY2023$7.4M
FY2024$7.6M
FY2025$7.7M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 86% · $406K Operating & administrative 14% · $68K

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990-PF; $53K paid to officers and key staff (990-PF Part VIII).

990-PF Part VIII · reportable compensation
$53,206990-PF Pt VIII

Compensation history total reportable pay by year · 2 named individuals · 990-PF Part VIII

NameFY2025FY2024
PNC Bank N A$53,206—
PNC Bank NA—$50,936

Total reportable compensation (Form 990-PF Part VIII column (c) / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Walter E & Caroline H Watson Foundation executive salaries →

Programs and updates

A private foundation based in Pittsburgh, PA.

Questions for Walter E & Caroline H Watson Foundation

Tap to ask. Walter E & Caroline H Watson Foundation sees how many people are interested.

Your first name shows with your question. Walter E & Caroline H Watson Foundation answers here, for everyone.

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 32 grants · $406K · 2025–2025
United Way WorldwideFY2025$40,000
Akron Children's HospitalFY2025$37,149
Mercy Health FdnFY2025$37,149
Individual RecipientFY2025$25,000
Autism Society of Mahoning ValleyFY2025$19,060
Henry H Stambaugh Auditorium AssociationFY2025$15,000
Compass Family & Community ServicesFY2025$15,000
Individual RecipientFY2025$15,000
Akiva AcademyFY2025$15,000
Individual RecipientFY2025$12,500
United Returning Citizens INCFY2025$12,500
Mercy Health Foundation Mahoning ValleyFY2025$12,500
Salvation ArmyFY2025$11,000
Students Motivated by the ArtsFY2025$10,381
Ursuline Sisters MissionFY2025$10,000
Young Womens Christian AssociationFY2025$10,000
Kool Boiz FoundationFY2025$10,000
Humility of Mary HousingFY2025$10,000
See all 32 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$13K
Median grantPart XV$10K
Largest grantPart XV$40K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$601K
Investment income$601K
Other income$15
Money out
$475K
Grants paid$406K
Running costs$68K
Owns and owes
$7.7M
net assets
Cash and savings$242K
Total assets$7.7M
Liabilities$0
People
1
listed
Paid1
2In more detail
Revenue in detail
Investment income$601K
Other income$15
Total revenue$601K
Assets in detailEnd of year
Cash and savings together$242K
Total assets$7.7M
Liabilities$0
Net assets$7.7M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 8, 2026 $601K$475K$126K$7.7M 990 PDF
FY2024Filed with the IRS Apr 10, 2025 $608K$430K$178K$7.6M 990 PDF
FY2023Filed with the IRS Aug 21, 2024 $770K$364K$406K$7.4M 990 PDF
FY2022Filed with the IRS May 3, 2023 −$27K$569K−$596K$7.0M 990 PDF
FY2021Filed with the IRS Apr 27, 2022 $809K$436K$373K$7.6M 990 PDF
FY2020Filed with the IRS Apr 12, 2021 −$212K$430K−$641K$7.2M 990 PDF

Schedules filed Part IV

G · Fundraising L · Interested persons R · Related orgs

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →