Ignite powerful & rewarding philanthropy to make Seattle a stronger vibrant community for all.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 18 volunteers and 75 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34.7M a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $1.20B in investments, Pt X · Ln 11–13
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $115K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$185.2M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314.7M
+69% vs prior year
Spent
$244.5M
To programs
95%
Net assets
$1.3B
By yearFY2020–FY2024
Revenue
$314.7M
FY2024▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2020$303.7M
FY2021$283.9M
FY2022$159.6M
FY2023$186.7M
FY2024$314.7M
Expenses
$244.5M
FY2024▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$209.1M
FY2021$230.8M
FY2022$208.2M
FY2023$182.6M
FY2024$244.5M
Net assets
$1.3B
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1B
FY2021$1.3B
FY2022$1.0B
FY2023$1.2B
FY2024$1.3B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $232.9M Management & general 4% · $10.4M Fundraising 0% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$481,225Pt VII · Sec A
CIO (thru 12/23), Contractor
$287,236Pt VII · Sec A
Chief Financial Officer
$280,708Pt VII · Sec A
Executive Vice President
$274,059Pt VII · Sec A
Chief Philanthropy Officer
$248,780Pt VII · Sec A
Chief Impact Officer
$214,698Pt VII · Sec A
Exec-In-Residence, Comm Ps
$200,305Pt VII · Sec A
Managing Director, Controller
$191,463Pt VII · Sec A

Alesha Washington’s $481K as President & CEO is at the 50th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alesha Washington$481,225$448,701$312,969——
Tony Mestes————$474,514
David Bley——$243,793$357,188—
Kirstin Sandaas———$92,548$288,852
Kristine Hermanns$287,236$225,686$251,250$242,990$223,750
Larry Buycks$280,708————
Michele Frix Dassell$274,059$217,048$214,756——
Josephine Wong——$270,050$164,700—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Seattle Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages targeted funds and awards grants to support historically underinvested communities and address critical needs throughout the greater Seattle area.

Questions for The Seattle Foundation

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Provided by the organization

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3 programs · $213.2M · in their own filed words · FY2024
01

Donor-Recommended Grantmaking

Seattle foundation's mission is to ignite powerful, rewarding philanthropy to make greater seattle a more vibrant, stronger community for all. With approximately 600 individual, family, and corporate funds, this area of investment reflects the grantmaking recommended by our donors to support a broad range of community needs and…

$162.6Mprogram expense
02

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 vision of a joyful community of shared prosperity, belonging, and justice, our role as a civic leader is to align key stakeholders around strategies…

$28.5Mprogram expense
03

Foundation-Directed Grantmaking

Seattle foundation manages targeted funds, called area of interest funds, on behalf of the community and in partnership with community advisory groups, to support defined interest areas. This includes various programs designed to enhance community well-being and support geographies that have been historically underinvested in.

$22.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$115K
See all 3 funders →
Grants paid · 26,450 grants · $840.8M · 2020–2024
University Lutheran ChurchFY2024$7,000,000
United Way of King CountyWA · FY2024$6,728,848
Greater HorizonsMO · FY2024$6,059,329
Washington Policy CenterWA · FY2024$3,500,000
Dafgiving360CO · FY2024$3,111,418
University Lutheran ChurchFY2024$3,000,000
Rei Cooperative Action FundWA · FY2024$1,400,000
Redford Center INCCA · FY2024$1,250,000
Rei Cooperative Action FundWA · FY2024$1,209,636
Sign Fracture Care InternationalWA · FY2024$1,000,000
Global Greengrants Fund INCCO · FY2024$1,000,000
Fred Hutchinson Cancer CenterWA · FY2024$1,000,000
Denver Film SocietyCO · FY2024$1,000,000
Crohns & Colitis Foundation INCNY · FY2024$1,000,000
See all 26,450 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$314.7M
Ln 12
Gifts and grantsLn 1h$248.8M
Investment incomeLn 3$62.7M
Fees for servicesLn 2g$3.2M
Money outPt IX
$244.5M
Ln 25
Programscol B$232.9M
Managementcol C$10.4M
Fundraisingcol D$1.2M
Owns and owesPt X
$1.3B
net assets · Ln 32
Cash and savingsLn 1–2$128.5M
Total assetsLn 16$1.4B
LiabilitiesLn 26$185.2M
PeoplePt VI, VII
27
listed · VII A
PaidVII A9
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$248.8M
Government grantsLn 1e$100.6M
Noncash giftsLn 1g$69.7M
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$62.7M
Other incomeLn 4–11$24K
Gains on assetsLn 7$39.1M
Total revenueLn 12$314.7M
Assets in detailPt X, end of year
SavingsLn 2$128.5M
Cash and savings togetherLn 1–2$128.5M
InvestmentsLn 11–13$1.20B
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$1.5M
Total assetsLn 16$1.4B
LiabilitiesLn 26$185.2M
Net assetsLn 32$1.3B
OperationsPt I, VI
EmployeesI 575
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$163.7M$128.5M
InvestmentsLn 11–13$1.13B$1.20B
Land, buildings, equipmentLn 10c$618K$3.5M
Total assetsLn 16$1.32B$1.45B
LiabilitiesLn 26$170.2M$185.2M
Net assetsLn 32$1.15B$1.26B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$204.4M$204.4M
Grants to domestic individualsLn 2$1.3M$1.3M
Grants and assistance to foreign recipientsLn 3$4.9M$4.9M
Pay of current officers, directors and key staffLn 5$1.6M$889K$577K$94K
Pay of disqualified personsLn 6$287K$164K$106K$17K
Other salaries and wagesLn 7$9.3M$5.3M$3.5M$560K
Pension plan contributionsLn 8$475K$271K$176K$29K
Other employee benefitsLn 9$629K$358K$233K$38K
Payroll taxesLn 10$892K$508K$330K$53K
Legal feesLn 11b$258K$147K$95K$15K
Accounting feesLn 11c$252K$252K
Lobbying feesLn 11d$4K$4K
Investment management feesLn 11f$7.1M$3.9M$3.2M$17K
Other fees for servicesLn 11g$8.2M$7.9M$266K$38K
Advertising and promotionLn 12$426K$228K$148K$49K
Office expensesLn 13$382K$218K$142K$23K
Information technologyLn 14$1.1M$631K$410K$66K
OccupancyLn 16$779K$444K$288K$47K
TravelLn 17$186K$106K$69K$11K
Conferences, conventions and meetingsLn 19$470K$377K$44K$49K
InterestLn 20$235K$134K$87K$14K
Depreciation, depletion and amortizationLn 22$347K$198K$128K$21K
InsuranceLn 23$174K$174K
Other expenses (24a–d)Ln 24$657K$375K$254K$28K
All other expensesLn 24e$70K$45K$24K$73
Total functional expensesLn 25$244.5M$232.9M$10.4M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $314.7M$244.5M$70.2M$1.3B 990 PDF
FY2023 $186.7M$182.6M$4.1M$1.2B 990 PDF
FY2022 $159.6M$208.2M−$48.6M$1.0B 990 PDF
FY2021 $283.9M$230.8M$53.1M$1.3B 990 PDF
FY2020 $303.7M$209.1M$94.6M$1.1B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $314,722,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,016,337$248,824,412
I-9 Program service revenuePrior year $6,362,294$3,184,213
I-10 Investment incomePrior year $43,260,523$62,689,496
I-11 Other revenuePrior year $73,853$24,261
I-12 Total revenuePrior year $186,713,007$314,722,382
I-13 Grants and similar amounts paidPrior year $148,146,723$210,661,952
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,952,682$13,183,154
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,508,885$20,703,531
I-18 Total expensesPrior year $182,608,290$244,548,637
I-19 Revenue less expensesPrior year $4,104,717$70,173,745
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $314,722,382 across 11 lines filed
Lines not itemized here account for $18,023 of total revenue; see the IRS return.
VIII-1a Federated campaigns$38,866
VIII-1d Related organizations$19,887,998
VIII-1e Government grants$100,568,487
VIII-1f All other contributions, gifts and grants$128,329,061
VIII-1g Noncash contributions (included above)$69,655,575
VIII-1h Total contributions, gifts and grants$248,824,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,144,092 · Excluded from tax $40,121$3,184,213
VIII-3 Investment incomeExcluded from tax $23,577,491$23,577,491
VIII-7 Net gain or loss on sales of assetsExcluded from tax $39,112,005$39,112,005
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,238$6,238
VIII-12 Total revenueRelated to mission $3,144,092 · Unrelated business $0 · Excluded from tax $62,753,878$314,722,382
Part IX · Statement of functional expenses $244,548,637 across 25 lines filed
IX-1 Grants to domestic organizationsPrograms $204,435,464$204,435,464
IX-2 Grants to domestic individualsPrograms $1,333,716$1,333,716
IX-3 Grants and assistance to foreign recipientsPrograms $4,892,772$4,892,772
IX-5 Pay of current officers, directors and key staffPrograms $888,550 · Management $576,778 · Fundraising $93,532$1,558,860
IX-6 Pay of disqualified personsPrograms $163,725 · Management $106,277 · Fundraising $17,234$287,236
IX-7 Other salaries and wagesPrograms $5,324,706 · Management $3,456,388 · Fundraising $560,495$9,341,589
IX-8 Pension plan contributionsPrograms $270,936 · Management $175,871 · Fundraising $28,520$475,327
IX-9 Other employee benefitsPrograms $358,274 · Management $232,564 · Fundraising $37,713$628,551
IX-10 Payroll taxesPrograms $508,207 · Management $329,889 · Fundraising $53,495$891,591
IX-11b Legal feesPrograms $146,953 · Management $95,391 · Fundraising $15,469$257,813
IX-11c Accounting feesManagement $251,641$251,641
IX-11d Lobbying feesPrograms $4,500$4,500
IX-11f Investment management feesPrograms $3,920,915 · Management $3,181,061 · Fundraising $16,787$7,118,763
IX-11g Other fees for servicesPrograms $7,933,500 · Management $265,841 · Fundraising $38,182$8,237,523
IX-12 Advertising and promotionPrograms $228,285 · Management $148,185 · Fundraising $49,237$425,707
IX-13 Office expensesPrograms $217,511 · Management $141,853 · Fundraising $22,896$382,260
IX-14 Information technologyPrograms $631,110 · Management $409,668 · Fundraising $66,433$1,107,211
IX-16 OccupancyPrograms $443,774 · Management $288,064 · Fundraising $46,713$778,551
IX-17 TravelPrograms $106,066 · Management $68,850 · Fundraising $11,165$186,081
IX-19 Conferences, conventions and meetingsPrograms $377,001 · Management $43,768 · Fundraising $49,312$470,081
IX-20 InterestPrograms $133,919 · Management $86,930 · Fundraising $14,097$234,946
IX-22 Depreciation, depletion and amortizationPrograms $197,957 · Management $128,498 · Fundraising $20,838$347,293
IX-23 InsuranceManagement $174,137$174,137
IX-24 Other expenses (24a–d)Programs $374,913 · Management $253,696 · Fundraising $28,496$657,105
IX-24e All other expensesPrograms $45,368 · Management $24,478 · Fundraising $73$69,919
IX-25 Total functional expensesPrograms $232,938,122 · Management $10,439,828 · Fundraising $1,170,687$244,548,637
Part X · Balance sheet $1,449,925,075 assets, 18 lines filed
Asset lines not itemized here account for $16,958,277; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $163,701,616$128,487,882
X-3 Pledges and grants receivableStart of year $7,407,815$99,709,373
X-4 Accounts receivableStart of year $2,047,917$1,475,500
X-9 Prepaid expenses and deferred chargesStart of year $308,964$637,206
X-10c Land, buildings and equipment, netStart of year $617,595$3,455,700
X-11 Publicly traded securitiesStart of year $881,825,257$922,062,261
X-12 Other securitiesStart of year $245,952,524$267,929,477
X-13 Program-related investmentsStart of year $5,717,458$7,683,799
X-15 Other assetsStart of year $3,111,036$1,525,600
X-16 Total assetsStart of year $1,320,217,050$1,449,925,075
X-17 Accounts payable and accrued expensesStart of year $4,911,403$3,120,716
X-18 Grants payableStart of year $5,906,406$4,833,746
X-25 Other liabilitiesStart of year $96,452,263$100,312,495
X-26 Total liabilitiesStart of year $170,176,577$185,172,177
X-27 Net assets without donor restrictionsStart of year $1,080,788,035$1,112,611,612
X-28 Net assets with donor restrictionsStart of year $69,252,438$152,141,286
X-32 Total net assets or fund balancesStart of year $1,150,040,473$1,264,752,898
X-33 Total liabilities and net assetsStart of year $1,320,217,050$1,449,925,075
Part XI · Reconciliation of net assets $1,264,752,898 net assets at year end
XI-1 Total revenue$314,722,382
XI-2 Total expenses$244,548,637
XI-3 Revenue less expenses$70,173,745
XI-4 Net assets at start of year$1,150,040,473
XI-5 Net unrealized gains (losses) on investments$42,874,902
XI-9 Other changes in net assets$1,663,778
XI-10 Net assets at end of year$1,264,752,898

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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