Nasser and Rula Watar Foundation
EIN 471049704 Private FoundationAbout
AS EXPLAINED BELOW, THE FOUNDATION HAS NO PLANS FOR DISSOLUTION. THIS STATEMENT IS SUBMITTED TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS DURING THE YEAR. THE DISTRIBUTIONS RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS. THE FOLLOWING INFORMATION IS SUBMITTED IN ACCORDANCE WITH TREASURY REGULATION SECTION 1.6043-3(A)(1) AND THE FORM 990-PF INSTRUCTIONS: DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2020, THE FOUNDATION MADE DISTRIBUTIONS FROM ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. COLLECTIVELY, THE DISTRIBUTIONS IN EXCESS OF CURRENT INCOME TOTALED $16,000. THIS AMOUNT REPRESENTS 25% OR MORE OF THE FOUNDATION'S NET ASSETS OF $4,000 (AS MEASURED BY FAIR MARKET VALUE) AT THE BEGINNING OF THE FOUNDATION'S TAXABLE YEAR ENDING DECEMBER 31, 2020. ALTHOUGH THE FOUNDATION TECHNICALLY EXPERIENCED A SUBSTANTIAL CONTRACTION, IT WILL CONTINUE IN EXISTENCE AND HAS NO PLANS FOR DISSOLUTION. THE FOUNDATION MADE DISTRIBUTIONS OF CASH TO THE GRANTEES LISTED IN THE ATTACHMENT TO PART XV, LINE 3A; EACH SUCH GRANT WAS MADE SOLELY FOR THE CHARITABLE PURPOSE SPECIFIED THEREIN.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $50K | $12K | $25K | 1 |
| 2017 | N/A | $17K | $10K | N/A |
| 2018 | $30K | $11K | $30K | 2 |
| 2019 | N/A | $4K | $66K | N/A |
| 2020 | $16K | $19K | $37K | 2 |
| 2022 | $75K | $103K | $150K | 1 |
| 2023 | $633K | $1.5M | $2.1M | 5 |
| 2024 | $788K | $1.6M | $858K | 4 |
Grant Size Distribution
Based on 15 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (15 total)
| Purpose | ||||
|---|---|---|---|---|
| Makassed Foundation of America | Washington, DC | $532,000 | General & Unrestricted | 2023 |
| Makassed Foundation of America | Washington, DC | $500,000 | General & Unrestricted | 2024 |
| American Lebanese Tripolian Organization Inc | Irvine, CA | $280,000 | General & Unrestricted | 2024 |
| American Lebanese Tripolian Organization Inc | Irvine, CA | $76,000 | General & Unrestricted | 2023 |
| American Lebanese Tripolian Organization Inc | Irvine, CA | $75,100 | General & Unrestricted | 2022 |
| University of Southern California | Los Angeles, CA | $50,000 | Student Support Fund | 2016 |
| Chapman University | Orange, CA | $25,000 | N & R Watar Foundation Scholarship Fund | 2018 |
| American Relief Fund Inc | Fullerton, CA | $13,000 | General & Unrestricted | 2020 |
| American Relief Fund Inc | Oak Hills, CA | $10,000 | General & Unrestricted | 2023 |
| Feusa Inc | Washington, DC | $10,000 | General & Unrestricted | 2023 |
| Islamic Society of Orange County | Garden Grove, CA | $7,500 | General & Unrestricted | 2024 |
| Gvngorg | Los Angeles, CA | $5,160 | General & Unrestricted | 2018 |
| American University of Beirut | New York, NY | $5,000 | WAAAUB Orange County Chapter Endowed Scholarship fund | 2023 |
| Islamic Center of Glendale | Glendale, CA | $3,000 | General & Unrestricted | 2020 |
| Lebanese Ladies Cultural Society | Glendale, CA | $1,000 | General & Unrestricted | 2024 |