Sequoia Foundation
- Assets
- $12.1m
- Revenue
- $2.1m
- Investments
- $11.8m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 02/1983
- Data as of
- 06/2021
- EIN
- 91-1178052
Organization Overview
Sequoia Foundation is located in Tacoma, WA. The organization was established in 1983. 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. Sequoia 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 06/2021, Sequoia Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sequoia Foundation has awarded 87 individual grants totaling $2,427,420. 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 |
|---|---|---|---|
Benjamin D Weyerhaeuser Director | 1 | $0 | |
John Keolker Secretary | 1 | $0 | |
Brian F Boyd Executive Director | 20 | $0 | |
Gail T Weyerhaeuser Director | 1 | $0 | |
William T Weyerhaeuser President, Treasurer | 1 | $0 | |
W Drew Weyerhaeuser Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Counselling Inc | 6/29/21 | $72,995 |
Grantmaker Consultants Inc | 6/29/21 | $299,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,275,000 |
| Interest on Savings | $508 |
| Dividends & Interest | $98,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $644,625 |
| Capital Gain Net Income | $308,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,604 |
| Total Revenue | $2,102,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $82,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,693 |
| Total operating and administrative expenses | $505,556 |
| Contributions, gifts, grants paid | $1,644,920 |
| Total expenses and disbursements | $2,150,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $251,981 |
| 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 | $7,133,984 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,093,995 |
| 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, Sequoia Foundation has awarded $2,427,420 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Seattle, WA PURPOSE: DISCRETIONARY | $100,000 |
Tacoma, WA PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
TACOMA HOUSING AUTHORITY PURPOSE: OPERATING - CHILDREN'S SAVINGS ACCOUNT PROGRAM | $80,000 |
TACOMA HOUSING AUTHORITY PURPOSE: CHILDREN AND YOUTH DEVELOPMENT | $80,000 |
Olympia, WA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sequoia Foundation has recieved totaling $16,606.
| Awarding Organization | Amount |
|---|---|
Drexel University Philadelphia, PA PURPOSE: RESEARCH | $16,606 |
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 |