Islands Foundation
- Assets
- $219.2m
- Revenue
- $26.5m
- Investments
- $209.2m
- Employees
- 0
- Location
- Richland, WA
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 91-1663838
Organization Overview
Islands Foundation is located in Richland, WA. The organization was established in 1995. 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. Islands 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, Islands Foundation generated $26.5m 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 (4.3%) each year. All expenses for the organization totaled $17.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Islands Foundation has awarded 168 individual grants totaling $29,603,564. 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 |
|---|---|---|---|
James Flaggert Director | 3 | $50,000 | |
George G Gulick Vice President/director | 2 | $0 | |
Lydia Gulick Director | 2 | $0 | |
Rick S Werner Treasurer/director | 2 | $0 | |
E Leeds Gulick Secretary/director | 2 | $0 | |
Shelby Luce Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,006,322 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,732,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,725,277 |
| Capital Gain Net Income | $18,725,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,464,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,776,605 |
| Contributions, gifts, grants paid | $15,557,050 |
| Total expenses and disbursements | $17,333,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,996,826 |
| 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 | $85,686,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $219,157,832 |
| 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, Islands Foundation has awarded $15,557,050 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: DONOR ADVISED FUND | $2,512,050 |
Fairlee, VT PURPOSE: ENDOWMENTS | $1,200,000 |
Seattle, WA PURPOSE: DONOR ADVISED FUND | $940,000 |
COLGATE UNIVERSITY PURPOSE: HUDSON SCHOLARSHIP FUND AND AIZAWA FUND FOR OVERSEAS STUDY | $750,000 |
Hiram, OH PURPOSE: GALEN ROUSH ENDOWED SCHOLARSHIP | $750,000 |
Oberlin, OH PURPOSE: RUTH ROUSH MEMORIAL SCHOLARSHIP ENDOWMENT | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
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 |