PADUCAH, KY

James R Watts Trust

Quick Facts

EIN: 201585269
Location: PADUCAH, KY
Phone: (270) 247-9333
Category: Education
Total Assets: $158K
Annual Income: $32K
IRS Ruling Year: 2008
Organization Type: Non-Operating Foundation
Principal Officer: % James B Brien Jr Cotrustee
Tax Deductibility: Contributions are deductible

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About This Foundation

James R Watts Trust is a private trust based in PADUCAH, KY. The foundation received its IRS ruling in 2008. The principal officer is % James B Brien Jr Cotrustee. It holds total assets of $158K. Annual income is reported at $32K. SCHOLARSHIP FUNDS TO STUDENTS FROM GRAVES COUNTY HIGH SCHOOL. According to available records, James R Watts Trust has made 6 grants totaling $39K, with a median grant of $7K. Annual giving has grown from $13K in 2021 to $26K in 2022. Individual grants have ranged from $4K to $10K, with an average award of $7K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

SCHOLARSHIP FUNDS TO STUDENTS FROM GRAVES COUNTY HIGH SCHOOL.

Expenses: $9K

SCHOLARSHIP FUNDS TO STUDENTS FROM MAYFIELD HIGH SCHOOL.

Expenses: $4K

WATTS SCHOLARSHIP FUND THROUGH FNB BANK.

Frequently Asked Questions

What does James R Watts Trust fund?

SCHOLARSHIP FUNDS TO STUDENTS FROM GRAVES COUNTY HIGH SCHOOL. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in KY.

How much does James R Watts Trust give in grants?

James R Watts Trust has distributed a total of $39K across 6 grants. The median grant size is $7K, with an average of $7K. Individual grants have ranged from $4K to $10K.

How do I apply for a grant from James R Watts Trust?

James R Watts Trust typically selects its grantees rather than accepting unsolicited proposals.

Where is James R Watts Trust located?

James R Watts Trust is headquartered in PADUCAH, KY.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Bo Neely	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2022	990PF	View
2021	990PF	View
2020	990PF	View
2018	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$17K

2022-26%

Total Assets

$163K

2022-9%

Fair Market Value

$232K

2022

Net Worth

$163K

2022

Grants Paid

$13K

2022

Contributions

2022

Net Investment Income

$3K

2022

Distribution Amount

$13K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2022)

Total: $146K

Corporate Stock (94%)

Cash (6%)

Revenue Sources (2022)

Dividends: $5K
Capital Gains (Net): $-5,570

Financial Details (2022)

Total Revenue: $-94
Total Expenses: $17K
Exempt Purpose Expenses: $13K
Required Distribution: $13K
Undistributed Income: $3K
Total Liabilities: $1
Excise Tax: $47
Tax Due: $47

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$39K

Average Grant

$7K

Median Grant

$7K

Unique Recipients

Most Common Grant

$4K

Grant Disbursements by Year

Grant Range

Min$4K

Max$10K

Median: $7K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

KY$39K (6)

Past Grantees

Recipient	Location	Amount	Year
Graves County Board Of EducationSCHOLARSHIP FUNDS	Mayfield, KY	$10K	2022
Mayfield Board Of EducationSCHOLARSHIP FUNDS	Mayfield, KY	$4K	2022
Graves County High SchoolSCHOLARSHIP FUNDS	Mayfield, KY	$9K	2021
Mayfield High SchoolSCHOLARSHIP FUNDS	Mayfield, KY	$4K	2021