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Madge B & Felix H Watson Foundation is a private trust based in SAINT LOUIS, MO. The foundation received its IRS ruling in 2002. The principal officer is Wells Fargo Bank Texas Na Trustee. It holds total assets of $1.4M. Annual income is reported at $771K. Total assets have grown from $1.1M in 2011 to $1.4M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Madge B & Felix H Watson Foundation has made 4 grants totaling $279K, with a median grant of $73K. Annual giving has grown from $48K in 2020 to $84K in 2023. Grantmaking activity was highest in 2022 with $85K distributed across 1 grants. Individual grants have ranged from $48K to $85K, with an average award of $70K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Madge B & Felix H Watson Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in TX.
Madge B & Felix H Watson Foundation has distributed a total of $279K across 4 grants. The median grant size is $73K, with an average of $70K. Individual grants have ranged from $48K to $85K.
Madge B & Felix H Watson Foundation typically selects its grantees rather than accepting unsolicited proposals.
Madge B & Felix H Watson Foundation is headquartered in SAINT LOUIS, MO.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wells Fargo Bank Na | TRUSTEE-SEE STATEMENT REGARDING HOURS | $24K | $0 | $24K |
Total Giving
$126K
Total Assets
$1.4M
Fair Market Value
$2M
Net Worth
$1.4M
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$73K
Distribution Amount
$92K
Total: $299K
Total Grants
4
Total Giving
$279K
Average Grant
$70K
Median Grant
$73K
Unique Recipients
2
Most Common Grant
$84K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| North Texas Rehabilitaion CenterGENERAL OPERATING | Wichita Falls, TX | $84K | 2023 |
| North Texas Rehabilitation CenterFUNDING CENTER'S OUTPATIENT THERAPY PROGRAM | Wichita Falls, TX | $85K | 2022 |