Stolte Family Foundation
- Assets
- $78.8m
- Revenue
- $10.3m
- Investments
- $76.2m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-1545801
Organization Overview
Stolte Family Foundation is located in Seattle, WA. The organization was established in 2015. 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. Stolte Family Foundation 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 12/2021, Stolte Family Foundation generated $10.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stolte Family Foundation has awarded 410 individual grants totaling $30,305,076. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE STOLTE FAMILY FOUNDATION PROVIDES SUPPORT TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS ALLOWING THEM TO CARRY OUT THEIR CHARITABLE ACTIVITIES. ORGANIZATIONS SERVED = 61
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Wright Director | 40 | $202,575 | |
Brianna Jackson Education Program Of | 32 | $123,827 | |
Whitney Howe Operations And Grant | 32 | $67,158 | |
Karen Laughlin Climate Program Dire | 40 | $52,500 | |
Heidi Stolte Director, President | 15 | $0 | |
Christopher Stolte Director, Secretary, Treasurer | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/20 | $76,550 |
First Republic Bank | 12/30/20 | $73,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,546,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,785,053 |
| Capital Gain Net Income | $8,840,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $904 |
| Total Revenue | $10,332,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $202,575 |
| Other employee salaries and wages | $243,484 |
| Pension plans, employee benefits | $81,068 |
| Interest | $0 |
| Taxes | $170,562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,161 |
| Printing and publications | $0 |
| Other expenses | $389,186 |
| Total operating and administrative expenses | $1,161,529 |
| Contributions, gifts, grants paid | $8,201,180 |
| Total expenses and disbursements | $9,362,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,573 |
| Savings and temporary cash investments | $516,402 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,924,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,134,000 |
| Total assets | $78,833,189 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,154 |
| Total liabilities | $4,154 |
Grants Awarded
Over the last fiscal year, Stolte Family Foundation has awarded $10,118,830 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
CLIMATE SOLUTIONS - SEATTLE PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $925,000 |
CLIMATE SOLUTIONS - SEATTLE PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $650,000 |
Seattle, WA PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $602,500 |
Seattle, WA PURPOSE: SUPPORT PARENTCHILD+ PROGRAM IN KING COUNTY | $602,500 |
WESTED PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $303,260 |
Seattle, WA PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |