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Watt Foster Family Foundation is a private trust based in BROOKNEAL, VA. The foundation received its IRS ruling in 2018. It holds total assets of $16.8M. Annual income is reported at $5.7M. Total assets have grown from $5.9M in 2019 to $13M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Virginia. According to available records, Watt Foster Family Foundation has made 1,474 grants totaling $2.3M, with a median grant of $468.5. Annual giving has grown from $344K in 2020 to $724K in 2023. Grantmaking activity was highest in 2022 with $812K distributed across 462 grants. Individual grants have ranged from N/A to $51K, with an average award of $2K. The foundation has supported 502 unique organizations. The foundation primarily supports organizations in Virginia, North Carolina, Texas, which account for 98% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$250
Average Grant
$1K
Largest Grant
$50K
Based on 332 grants from the most recent 990-PF filing.
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.
Watt Foster Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1,474 grants. Its grantmaking reaches organizations primarily in VA, NC, TX.
Watt Foster Family Foundation has distributed a total of $2.3M across 1,474 grants. The median grant size is $468.5, with an average of $2K. Individual grants have ranged from N/A to $51K.
Watt Foster Family Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (823650679) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Watt Foster Family Foundation is headquartered in BROOKNEAL, VA. While based in VA, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Watt R Foster Jr | TRUSTEE | $0 | $0 | N/A |
| Jennifer B Foster | TRUSTEE | $0 | $0 | N/A |
| Katherine F Rolfe | TRUSTEE | $0 | $0 | N/A |
Total Giving
$791K
Total Assets
$13M
Fair Market Value
$17.7M
Net Worth
$13M
Grants Paid
$724K
Contributions
$2K
Net Investment Income
$300K
Distribution Amount
$790K
Total: $12.8M
Total Grants
1,474
Total Giving
$2.3M
Average Grant
$2K
Median Grant
$468.5
Unique Recipients
502
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Centra Foundation2023 SPONSORSHIP COMMITMENT | Lynchburg, VA | $25K | 2023 |
| Daily BreadCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Sweet Briar College2ND YEAR OF 5 YEAR TERM | Sweet Briar, VA | $20K | 2023 |
| Hampden-Sydney College2ND YEAR OF 5 YEAR TERM | Hampdensydney, VA | $20K | 2023 |
| The Academy Center Of The ArtsPLEDGE | Lynchburg, VA | $20K | 2023 |
| Duke University School Of Nursing2ND YEAR OF 5 YEAR TERM | Durham, NC | $20K | 2023 |
| Ymca Of Central VirginiaPLEDGE / 3RD OF 5 CONTRIBUTIONS | Lynchburg, VA | $20K | 2023 |
| The Central Va Foundation For Ec Ed & Imp4TH YEAR OF 5-YEAR COMMITMENT | Lynchburg, VA | $10K | 2023 |
| Lu School Of MusicSCHOLARSHIP PREPAYMENT FOR 2024 | Lynchburg, VA | $10K | 2023 |
| The Greater Lynchburg Comm FoundationCONTRIBUTION | Lynchburg, VA | $10K | 2023 |
| Greater Lynchburg Community FoundationSCHOLARSHIP | Lynchburg, VA | $10K | 2023 |
| Amazement SquareCORP. SPONSOR | Lynchburg, VA | $10K | 2023 |
| Legacy Education CenterCONTRIBUTION | Lynchburg, VA | $10K | 2023 |
| Liberty University Flames ClubARCH / PREPAYMENT FOR 2024 | Lynchburg, VA | $10K | 2023 |
| Carilion Clinic FoundationCANCER CENTER | Roanoke, VA | $10K | 2023 |
| Campbell County Sheriff'S DeptCONTRIBUTION | Rustburg, VA | $10K | 2023 |
| Park View Community MissionCONTRIBUTION | Lynchburg, VA | $10K | 2023 |
| Thomas Road Baptist ChurchCONTRIBUTION | Lynchburg, VA | $10K | 2023 |
| Lu School Of EducationSCHOLARSHIPS | Lynchburg, VA | $6K | 2023 |
| TroCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Vector SpaceCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Brookneal Baptist ChurchCONTRIBUTION | Brookneal, VA | $5K | 2023 |
| Lynchburg Police FoundationCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Lynchburg GrowsCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Beacon Of Hope LynchburgCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Beam MinistriesCONTRIBUTION | Brookneal, VA | $5K | 2023 |
| Liberty GodparentCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Gleaning For The WorldCONTRIBUTION | Concord, VA | $5K | 2023 |
| Miller Home For GirlsCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Jubilee FamilyCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| M4k LynchburgSPONSORSHIP 2023 MUSTACHES 4 KIDS | Lynchburg, VA | $5K | 2023 |
| Patrick Henry Memorial FoundationCONTRIBUTION | Brookneal, VA | $5K | 2023 |
| National Center For Healthy VeteransCONTRIBUTION | Round Rock, TX | $5K | 2023 |
| Meals On WheelsCONTRIBUTION | Lynchburg, VA | $5K | 2023 |
| Va State Police Assoc Third DivisionCONTRIBUTION | Richmond, VA | $5K | 2023 |
| Isaiah 117 HouseCONTRIBUTION | Elizabethton, TN | $5K | 2023 |