Dennis R Washington Foundation Inc
- Assets
- $1.0b
- Revenue
- $135.4m
- Investments
- $683.1m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 01/1989
- Data as of
- 12/2020
- EIN
- 36-3606913
Organization Overview
Dennis R Washington Foundation Inc is located in Missoula, MT. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dennis R Washington Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Dennis R Washington Foundation Inc generated $135.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $52.9m during the year ending 12/2020. While expenses have increased by 11.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Dennis R Washington Foundation Inc has awarded 4,451 individual grants totaling $380,141,132. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Halligan Exec. Director/vice President | 40 | $73,117 | |
Kevin Washington Director | 1 | $0 | |
Matthew K Rose Director | 1 | $0 | |
Kyle Washington Director | 1 | $0 | |
Joe Racicot Secretary/treasurer | 1 | $0 | |
Lawrence R Simkins President/director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiducient Advisors | 12/30/21 | $323,380 |
Income Research & Management | 12/30/21 | $432,931 |
Northern Trust | 12/30/21 | $74,641 |
Tortoise Capital Advisors | 12/30/21 | $132,893 |
Washington Corp | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,910,198 |
| Interest on Savings | $7,991,295 |
| Dividends & Interest | $11,791,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,214,365 |
| Capital Gain Net Income | $115,188,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $444,870 |
| Total Revenue | $135,352,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,203 |
| Printing and publications | $1,284 |
| Other expenses | $120,312 |
| Total operating and administrative expenses | $1,747,163 |
| Contributions, gifts, grants paid | $51,109,824 |
| Total expenses and disbursements | $52,856,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,684 |
| Savings and temporary cash investments | $340,648,576 |
| Net Accounts receivable | $207,467 |
| Net Pledges Receivable | $990,432 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,851 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $172,951,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,024,973,213 |
| Accounts payable and accrued expenses | $4,056,548 |
| Grants payable | $26,738,784 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $909,458 |
| Total liabilities | $31,704,790 |
Grants Awarded
Over the last fiscal year, Dennis R Washington Foundation Inc has awarded $65,080,720 in support to 517 organizations.
| Grant Recipient | Amount |
|---|---|
Rancho Mirage, CA PURPOSE: CARDIAC AND VASCULAR INSTITUTE BUILDING CONSTRUCTION | $15,000,000 |
HORATIO ALGER ASSOCIATION PURPOSE: VOCATIONAL TRAINING PROGRAM | $10,000,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: TO FURTHER PHILANTHROPIC GOALS OF THE WASHINGTON FAMILY | $5,850,000 |
Rancho Mirage, CA PURPOSE: CARDIAC AND VASCULAR INSTITUTE BUILDING CONSTRUCTION | $5,000,000 |
UNIVERSITY OF MONTANA FOUNDATION PURPOSE: INDOOR PRACTICE FACILITY | $3,000,000 |
UNIVERSITY OF MONTANA FOUNDATION PURPOSE: EXPANSION OF EDREADY MONTANA - MATHEMATICS AND ENGLISH REMEDIATION AND SKILL READINESS FOR STUDENTS | $2,800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |