The Seattle Foundation
- Assets
- $1.3b
- Revenue
- $303.7m
- Investments
- $419.7m
- Employees
- 75
- Location
- Seattle, WA
- Founding
- 10/1947
- Data as of
- 12/2020
- EIN
- 91-6013536
Organization Overview
The Seattle Foundation is located in Seattle, WA. The organization was established in 1947. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Seattle Foundation employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 12/2020, Seattle Foundation generated $303.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $209.1m during the year ending 12/2020. While expenses have increased by 15.0% 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 2016, Seattle Foundation has awarded 29,339 individual grants totaling $726,605,305. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IGNITE POWERFUL & REWARDING PHILANTHROPY TO MAKE SEATTLE A STRONGER VIBRANT COMMUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR-DIRECTED GRANTMAKING: SEATTLE FOUNDATION'S MISSION IS TO IGNITE POWERFUL, REWARDING PHILANTHROPY. WITH MORE THAN 600 INDIVIDUAL, FAMILY, AND CORPORATE FUNDS, THIS AREA OF INVESTMENT REFLECTS THE GRANTMAKING DIRECTED BY OUR DONORS TO SUPPORT A BROAD RANGE OF COMMUNITY INTERESTS AND SCHOLARSHIPS PRIMARILY IN OUR REGION AND WASHINGTON STATE, AND ALSO EXTENDING NATIONALLY AND INTERNATIONALLY.
FOUNDATION-DIRECTED GRANTMAKING: SEATTLE FOUNDATION MANAGES TARGETED FUNDS, CALLED AREA OF INTEREST FUNDS, ON BEHALF OF THE COMMUNITY, TO SUPPORT DEFINED INTEREST AREAS. THIS INCLUDES VARIOUS PROGRAMS WORKING TO CENTER RACIAL EQUITY AND SUPPORT ORGANIZATIONS LED BY, AND CREATED FOR, HISTORICALLY AND CURRENTLY UNDERSERVED COMMUNITIES, INCLUDING BLACK, NATIVE, LATINX, IMMIGRANT, AND LOW-INCOME COMMUNITIES. SEATTLE FOUNDATION EVALUATES ORGANIZATIONS AND THEN MAKES GRANTS TO BEST REFLECT THE INTENDED PURPOSE OF THE FUNDS. THE FOUNDATION FREQUENTLY LEADS SPECIAL INITIATIVES DESIGNED TO ADDRESS SPECIFIC COMMUNITY NEEDS IN KING COUNTY, INCLUDING EMERGENCY RESPONSE FUNDS.
COMMUNITY LEADERSHIP: SEATTLE FOUNDATION DRAWS ON OUR DEEP COMMUNITY INSIGHT AND LONG HISTORY AS A CIVIC LEADER TO LAUNCH AND PARTICIPATE IN CROSS-SECTOR INITIATIVES THAT AMPLIFY OUR REACH AND IMPACT. LED BY OUR COMMITMENT TO EQUITY AND OPPORTUNITY, OUR ROLE AS A CIVIC LEADER IS TO ALIGN KEY STAKEHOLDERS AROUND STRATEGIES TO ADDRESS OUR REGION'S GREATEST CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bley President And CEO (eff. 7/21) | Officer | 40 | $357,188 |
Kristine Hermanns Chief Impact Officer | Officer | 40 | $242,990 |
Michele Frix Chief Of Staff | Officer | 40 | $209,075 |
Tony Mestres President And CEO (thru 4/21) | Officer | 40 | $187,662 |
Josephine Wong Chief Fin Op Officer (eff. 5/21) | Officer | 40 | $164,700 |
Stephanie Mclemore Bray Chief Engagement Officer | Officer | 40 | $159,894 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cfo Selections Llc Financial Consultant | 12/30/21 | $367,250 |
Ee Ventures Equitable Evaluation Initiative Program | 12/30/21 | $1,243,793 |
Nelson Mullins Riley And Scarborough Llp Equity Policy Work | 12/30/21 | $816,000 |
Seitel Systems Llc It Services | 12/30/21 | $334,934 |
Crewcial Partners Investment Management | 12/30/21 | $591,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,220,290 |
| Investment income | $12,718,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,304 |
| Net Gain/Loss on Asset Sales | $33,101,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,698,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,528,439 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,845,294 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,487,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,835,914 |
| Pension plan accruals and contributions | $315,767 |
| Other employee benefits | $858,930 |
| Payroll taxes | $570,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $231,105 |
| Fees for services: Accounting | $174,849 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $120,000 |
| Fees for services: Investment Management | $6,221,153 |
| Fees for services: Other | $10,547,304 |
| Advertising and promotion | $628,799 |
| Office expenses | $159,707 |
| Information technology | $770,179 |
| Royalties | $0 |
| Occupancy | $886,982 |
| Travel | $44,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $475,189 |
| Insurance | $111,628 |
| All other expenses | $0 |
| Total functional expenses | $209,122,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $153,169,237 |
| Pledges and grants receivable | $31,431,688 |
| Accounts receivable, net | $323,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $969,868 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,965 |
| Investments—publicly traded securities | $665,894,618 |
| Investments—other securities | $419,663,747 |
| Investments—program-related | $8,256,432 |
| Intangible assets | $0 |
| Other assets | $73,688 |
| Total assets | $1,281,544,781 |
| Accounts payable and accrued expenses | $3,041,363 |
| Grants payable | $4,182,316 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $55,145,949 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,492,320 |
| Total liabilities | $136,861,948 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,144,682,833 |
Grants Awarded
Over the last fiscal year, The Seattle Foundation has awarded $191,438,004 in support to 2,055 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO TRANSFER FUNDS TO FIDELITY DAF ACCOUNT; SUPPORT PALOUSE CLUB ACCOUNT; KELLAN WOLVERTON KILBOURNE MEMORIAL FUND #158899; TOLY GIVING ACCT# 1125921; TERRY PETTER DAF | $7,617,125 |
Seattle, WA PURPOSE: BRIDGE TO FINISH PROGRAM; TO SUPPORT HUNGER RELIEF IN SEATTLE; TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE ANNUAL FUND; TO SUPPORT THE PARENT CHILD HOME PROGRAM; PARENT CHILD HOME PROGRAM; BRIDGE TO FINISH; TO SUPPORT THE ANNUAL CAMPAIGN; TO SUPPORT PROGRAMS FOR FAMILIES; TO SUPPORT THE WASHINGTON FEDERAL BANK CAMPAIGN; TO PROVIDE GENERAL OPERATING SUPPORT; PLEASE SEE LETTER FOR APPROPRIATE DESIGNATION SPLIT; TO PROVIDE SUPPORT FOR ALL IN WA | $6,856,949 |
Seattle, WA PURPOSE: MAKING CONNECTIONS; GYMNASTICS FUND (COVGYM); SEE TRANSMITTAL FOR DESIGNATION OF FUNDS; SCHOOL OF NURSING; UW AUTISM CENTER; $250 TO HCMISS (HARBORVIEW); $250 TO HEROES; FOR THE MINDY FUND, UW MEDICINE ADVANCEMENT; TO SUPPORT THE HARING CENTER AND ITS SPRING FUND DRIVE; PAUL P ASHLEY FUND; TO SUPPORT THE SCHOOL OF NURSING; FOSTER SCHOOL OF BUSINESS; MONTGOMERY PHD FELLOWSHIP/NURSING; FRIENDS OF ASIAN LANG & LIT FUND; PAUL ALLEN SCHOOL OF COMPUTER SCI & ENG; TO PROVIDE GENERAL SUPPORT; FOREFRONT SUICIDE PREVENTION; COLLEGE OF THE ENVIRONMENT; UW MEDICINE FOR AIRLIFT NW FUND FOR GREATEST NEED (AIRFUN); $310 HARBORVIEW MEDICAL CENTER/$310 GENERAL SUPPORT; TO SUPPORT THE MEREDINO PROFESSORS; ALZHEIMER'S ASSOCIATION; ENDOWED FELLOWSHIP FOR GH EXCELLENCE, EQUITY, AND IMPACT (GHFEND); MEANY CENTER FOR THE PERFORMING ARTS; TO PROVIDE SUPPORT FOR THE MEN'S GOLF TEAM; TO SUPPORT UW MEDICINE'S ANNUAL FUND; COLLIER ENDOWED SCHOLARSHIP; TO SUPPORT UWB BLACK OPPORTUNITYFUND; TO SUPPORT THE UW VOLLEY | $4,072,714 |
Walla Walla, WA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT; TO PROVIDE SUPPORT FOR ALL IN WA | $3,818,496 |
KING COUNTY BEHAVIORAL HEALTH AND RECOVERY DIVISION PURPOSE: TRUEBLOOD REFUNDING | $3,221,012 |
San Francisco, CA PURPOSE: TO PROVIDE GENERAL SUPPORT; ACCT 5188-2706 | $3,081,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Seattle Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Tillie & Alfred Shemanski Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $430,454,240 |
| Earnings | $66,561,850 |
| Admin Expense | $6,611,925 |
| Net Contributions | $5,283,943 |
| Other Expense | $809,700 |
| Grants | $14,255,034 |
| Ending Balance | $480,623,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Foundation Portland, OR | $3,083,541,362 | $417,266,834 |
The Seattle Foundation Seattle, WA | $1,281,544,781 | $303,698,138 |
Alaska Community Foundation Anchorage, AK | $168,147,953 | $93,626,867 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |