Tom And Meg Names Family Foundation
- Assets
- $43.9m
- Revenue
- $1.9m
- Investments
- $39.5m
- Employees
- 0
- Location
- Fircrest, WA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4742634
Organization Overview
Tom And Meg Names Family Foundation is located in Fircrest, 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. Tom And Meg Names 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, Tom And Meg Names Family Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tom And Meg Names Family Foundation has awarded 88 individual grants totaling $8,950,547. 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 |
|---|---|---|---|
Monica L Names-King Secretary/treasurer | 20 | $12,600 | |
Erin Shagren President | 27.5 | $12,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs - United Capital Financial Advis | 12/30/19 | $31,595 |
Morgan Stanley Smith Barney Llc | 12/30/19 | $64,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $767,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,115,737 |
| Capital Gain Net Income | $1,115,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,883,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $67,609 |
| Interest | $0 |
| Taxes | $36,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,449 |
| Total operating and administrative expenses | $295,076 |
| Contributions, gifts, grants paid | $3,407,547 |
| Total expenses and disbursements | $3,702,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,299 |
| Savings and temporary cash investments | $4,232,085 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,302 |
| Total assets | $43,872,662 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tom And Meg Names Family Foundation has awarded $3,407,547 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Chelan, WA PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION | $950,000 |
Tacoma, WA PURPOSE: TO SUPPORT THE FESTIVAL OF TREES FUND A NEED | $550,047 |
Seattle, WA PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION | $400,000 |
Santa Barbara, CA PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION | $300,000 |
UNIVERSITY OF PORTLAND PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION | $260,000 |
Tacoma, WA PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION | $250,000 |
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 |