The California State Capitol

Form 990-PFTax year 2024EIN 95-4211410

The Capstone Foundation

A private foundation in Santa Monica, CA. Its return for tax year 2024 lists 21 grants and $675,919 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Nadine I Watt
2716 Ocean Park Blvd Ste 2025
Santa Monica, CA 90405
(310) 314-2413
Form and materials
Call or write to request application
Deadlines
None
Restrictions
None

Assets and giving by year

6 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $675,919

    Grants listed
    21
    Assets, end of year
    $2,483,674
  • Tax year 2023

    $790,300

    Grants listed
    25
    Assets, end of year
    $2,075,928
  • Tax year 2022

    $698,300

    Grants listed
    22
    Assets, end of year
    $2,542,594
  • Tax year 2021

    $441,100

    Grants listed
    15
    Assets, end of year
    $2,515,460
  • Tax year 2020

    $489,100

    Grants listed
    17
    Assets, end of year
    $1,415,300
  • Tax year 2019

    $422,400

    Grants listed
    16
    Assets, end of year
    $1,437,172

Grants paid in 2024

21 grants, largest first

As listed on the return.

  1. Union Rescue MissionLos Angeles, CA

    Homeless shelter

    $219,769
  2. Capitol MinistriesPhoenix, AZ

    Christian ministry

    $75,000
  3. Global Training NetworkPeoria, AZ

    Christian ministry

    $50,000
  4. University of MiamiCoral Gables, FL

    Education

    $50,000
  5. World Sports IncBonita Springs, FL

    Christian ministry

    $50,000
  6. Brentwood SchoolLos Angeles, CA

    Education

    $26,000
  7. Union Rescue MissionLos Angeles, CA

    Homeless shelter

    $25,000
  8. USC AssociatesLos Angeles, CA

    Education

    $25,000
  9. Xprize Foundation IncCulver City, CA

    Climate change

    $24,000
  10. Calthorp SchoolSanta Monica, CA

    Education

    $20,500
  11. Adventures of the HeartPanama City, FL

    Christian ministries

    $20,000
  12. Communitas InternationalCentennial, CO

    Christian ministry

    $17,500
  13. World Monuments FundNew York, NY

    Cultural preservation

    $15,000
  14. World VisionFederal Way, WA

    Us disaster relief fund

    $15,000
  15. Baja Christian MinistriesChino Hills, CA

    Christian ministry

    $10,000
  16. Beverly Hills Presbyterian ChurchBeverly Hills, CA

    Christian ministry

    $10,000
  17. Salvation ArmyCarson, CA

    Combat poverty

    $10,000
  18. Westmark SchoolEncino, CA

    Education

    $10,000
  19. Harvestime Church Mission SocietyPompano Beach, FL

    Christian ministry

    $2,400
  20. Episcopal Actors GuildNew York, NY

    Combat poverty

    $500
  21. Reading to KidsLos Angeles, CA

    Education

    $250

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Human services2 grants $244,76953% of the total
  2. Education3 grants $76,25017% of the total
  3. Religion2 grants $60,00013% of the total
  4. Sports and recreation1 grant $50,00011% of the total
  5. Arts and culture2 grants $15,5003% of the total
  6. International aid1 grant $15,0003% of the total

By State

Grants to organizations with a US address, latest year.

  1. California11 grants $380,519
  2. Arizona2 grants $125,000
  3. Florida4 grants $122,400
  4. Colorado1 grant $17,500
  5. New York2 grants $15,500
  6. Washington1 grant $15,000

Officers, directors and trustees

6 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Nadine I WattPRESIDENT Hours 0.75Pay $0
  • Raymond Watt IIVICE PRESIDENT Hours 0.75Pay $0
  • J Scott WattSECRETARY Hours 0.75Pay $0
  • Kathleen M WattTREASURER Hours 0.75Pay $0
  • Bambi A WattBOARD MEMBER Hours 0.75Pay $0
  • Andrew JamesonBOARD MEMBER Hours 0.75Pay $0

The return

More foundations

Similar foundations

Same main cause (human services), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The Rose FoundationSanta Monica, CA 6 grants Preselected only $1,160,000 giving
  2. Kiwanis Charities of Santa Monica IncSanta Monica, CA 83 grants Preselected only $374,245 giving
  3. The Milken Family FoundationSanta Monica, CA 8 grants Preselected only $369,300 giving
  4. Gramian-Emrani FoundationSanta Monica, CA 3 grants Preselected only $360,000 giving
  5. Offer Family FoundatonSanta Monica, CA 20 grants Not stated $236,268 giving