The Seattle Foundation FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)Since 1946Foundations & GrantmakersEIN 91-6013536Revenue $303.7M in FY2020

On file with the IRSseattlefoundation.org1601 5th Ave Ste 1900, 98101-3615 · Seattle, WATax-exempt since Oct 1947Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
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
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 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
$136.9M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$303.7M
Spent
$209.1M
To programs
94%
Net assets
$1.1B
By yearFY2020–FY2024
Revenue
$303.7M
FY2020
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
$209.1M
FY2020
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
$1.1B
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

94 cents of each dollar spent went to programs.

Program services 94% · $197.0M Management & general 5% · $10.8M Fundraising 1% · $1.4M

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

31 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$474,514Pt VII · Sec A
Chief Financial Operating Officer
$288,852Pt VII · Sec A
Chief Impact Officer
$223,750Pt VII · Sec A
Chief of Staff
$188,378Pt VII · Sec A
Mgng Dir, People and Culture
$169,763Pt VII · Sec A
$160,388Pt VII · Sec A
VP Philanthropic Services
$112,832Pt VII · Sec A
Secretary
$107,146Pt 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.

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3 programs · $179.0M · in their own filed words · FY2020
01

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…

$144.2Mprogram expense
02

Foundation-Directed Grantmaking

Seattle foundation manages targeted funds, called area of interest funds, on behalf of the community, to support defined interest areas. Similarly, our impact strategies reflect our priority to center equity and support organizations led by, and created for, historically and currently underserved communities, including black, native…

$17.9Mprogram expense
03

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…

$16.9Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$303.7M
Ln 12
Gifts and grantsLn 1h$256.2M
Investment incomeLn 3$45.8M
Fees for servicesLn 2g$1.5M
Money outPt IX
$209.1M
Ln 25
Programscol B$197.0M
Managementcol C$10.8M
Fundraisingcol D$1.4M
Owns and owesPt X
$1.1B
net assets · Ln 32
Cash and savingsLn 1–2$153.2M
Total assetsLn 16$1.3B
LiabilitiesLn 26$136.9M
PeoplePt VI, VII
31
listed · VII A
PaidVII A10
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256.2M
Government grantsLn 1e$16.7M
Noncash giftsLn 1g$116.8M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$45.8M
Other incomeLn 4–11$182K
Gains on assetsLn 7$33.1M
Total revenueLn 12$303.7M
Assets in detailPt X, end of year
CashLn 1$300
SavingsLn 2$153.2M
Cash and savings togetherLn 1–2$153.2M
InvestmentsLn 11–13$1.09B
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$74K
Total assetsLn 16$1.3B
LiabilitiesLn 26$136.9M
Net assetsLn 32$1.1B
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 FY20End FY20
Cash and savingsLn 1–2$106.8M$153.2M
InvestmentsLn 11–13$1.01B$1.09B
Land, buildings, equipmentLn 10c$2.0M$1.5M
Total assetsLn 16$1.12B$1.28B
LiabilitiesLn 26$137.6M$136.9M
Net assetsLn 32$987.0M$1.14B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$174.4M$174.4M
Grants to domestic individualsLn 2$1.5M$1.5M
Grants and assistance to foreign recipientsLn 3$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$1.5M$848K$551K$89K
Other salaries and wagesLn 7$6.8M$3.9M$2.5M$410K
Pension plan contributionsLn 8$316K$180K$117K$19K
Other employee benefitsLn 9$859K$490K$318K$52K
Payroll taxesLn 10$571K$325K$211K$34K
Legal feesLn 11b$231K$132K$86K$14K
Accounting feesLn 11c$175K$175K
Lobbying feesLn 11d$30K$30K
Professional fundraising feesLn 11e$120K$120K
Investment management feesLn 11f$6.2M$3.4M$2.8M
Other fees for servicesLn 11g$10.5M$7.8M$2.7M$15K
Advertising and promotionLn 12$629K$123K$80K$427K
Office expensesLn 13$160K$91K$59K$10K
Information technologyLn 14$770K$439K$285K$46K
OccupancyLn 16$887K$506K$328K$53K
TravelLn 17$44K$25K$16K$3K
Conferences, conventions and meetingsLn 19$45K$26K$17K$3K
Depreciation, depletion and amortizationLn 22$475K$271K$176K$29K
InsuranceLn 23$112K$112K
Other expenses (24a–d)Ln 24$630K$460K$146K$24K
All other expensesLn 24e$229K$141K$71K$17K
Total functional expensesLn 25$209.1M$197.0M$10.8M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $303.7M$209.1M$94.6M$1.1B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $303,698,138 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,343,444$256,220,290
I-9 Program service revenuePrior year $1,612,107$1,475,465
I-10 Investment incomePrior year $56,871,582$45,819,959
I-11 Other revenuePrior year $92,054$182,424
I-12 Total revenuePrior year $223,919,187$303,698,138
I-13 Grants and similar amounts paidPrior year $113,129,729$177,748,312
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,294,480$10,069,186
I-16a Professional fundraising feesPrior year $0$120,000
I-17 Other expensesPrior year $20,628,588$21,185,011
I-18 Total expensesPrior year $143,052,797$209,122,509
I-19 Revenue less expensesPrior year $80,866,390$94,575,629
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $303,698,138 across 12 lines filed
Lines not itemized here account for $505 of total revenue; see the IRS return.
VIII-1a Federated campaigns$330,432
VIII-1d Related organizations$6,488,582
VIII-1e Government grants$16,683,907
VIII-1f All other contributions, gifts and grants$232,717,369
VIII-1g Noncash contributions (included above)$116,750,288
VIII-1h Total contributions, gifts and grants$256,220,290
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,475,465$1,475,465
VIII-3 Investment incomeExcluded from tax $12,718,798$12,718,798
VIII-6 Net rental income or lossRelated to mission $81,841 · Unrelated business $11,463$93,304
VIII-7 Net gain or loss on sales of assetsExcluded from tax $33,101,161$33,101,161
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $88,615$88,615
VIII-12 Total revenueRelated to mission $1,557,306 · Unrelated business $11,463 · Excluded from tax $45,909,079$303,698,138
Part IX · Statement of functional expenses $209,122,509 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $174,374,579$174,374,579
IX-2 Grants to domestic individualsPrograms $1,528,439$1,528,439
IX-3 Grants and assistance to foreign recipientsPrograms $1,845,294$1,845,294
IX-5 Pay of current officers, directors and key staffPrograms $848,150 · Management $550,554 · Fundraising $89,279$1,487,983
IX-7 Other salaries and wagesPrograms $3,896,471 · Management $2,529,288 · Fundraising $410,155$6,835,914
IX-8 Pension plan contributionsPrograms $179,987 · Management $116,834 · Fundraising $18,946$315,767
IX-9 Other employee benefitsPrograms $489,590 · Management $317,804 · Fundraising $51,536$858,930
IX-10 Payroll taxesPrograms $325,237 · Management $211,119 · Fundraising $34,236$570,592
IX-11b Legal feesPrograms $131,730 · Management $85,509 · Fundraising $13,866$231,105
IX-11c Accounting feesManagement $174,849$174,849
IX-11d Lobbying feesPrograms $30,000$30,000
IX-11e Professional fundraising feesFundraising $120,000$120,000
IX-11f Investment management feesPrograms $3,421,634 · Management $2,799,519$6,221,153
IX-11g Other fees for servicesPrograms $7,840,764 · Management $2,691,444 · Fundraising $15,096$10,547,304
IX-12 Advertising and promotionPrograms $122,556 · Management $79,554 · Fundraising $426,689$628,799
IX-13 Office expensesPrograms $91,033 · Management $59,092 · Fundraising $9,582$159,707
IX-14 Information technologyPrograms $439,002 · Management $284,966 · Fundraising $46,211$770,179
IX-16 OccupancyPrograms $505,580 · Management $328,183 · Fundraising $53,219$886,982
IX-17 TravelPrograms $25,305 · Management $16,426 · Fundraising $2,664$44,395
IX-19 Conferences, conventions and meetingsPrograms $25,882 · Management $16,801 · Fundraising $2,724$45,407
IX-22 Depreciation, depletion and amortizationPrograms $270,858 · Management $175,820 · Fundraising $28,511$475,189
IX-23 InsuranceManagement $111,628$111,628
IX-24 Other expenses (24a–d)Programs $459,691 · Management $146,329 · Fundraising $23,729$629,749
IX-24e All other expensesPrograms $140,865 · Management $71,127 · Fundraising $16,573$228,565
IX-25 Total functional expensesPrograms $196,992,647 · Management $10,766,846 · Fundraising $1,363,016$209,122,509
Part X · Balance sheet $1,281,544,781 assets, 19 lines filed
Asset lines not itemized here account for $969,868; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $300$300
X-2 Savings and temporary cash investmentsStart of year $106,826,172$153,169,237
X-3 Pledges and grants receivableStart of year $5,415,607$31,431,688
X-4 Accounts receivableStart of year $260,231$323,197
X-9 Prepaid expenses and deferred chargesStart of year $311,734$227,965
X-10c Land, buildings and equipment, netStart of year $1,960,639$1,534,041
X-11 Publicly traded securitiesStart of year $662,267,226$665,894,618
X-12 Other securitiesStart of year $340,269,499$419,663,747
X-13 Program-related investmentsStart of year $7,041,600$8,256,432
X-15 Other assetsStart of year $73,688$73,688
X-16 Total assetsStart of year $1,124,646,564$1,281,544,781
X-17 Accounts payable and accrued expensesStart of year $2,787,303$3,041,363
X-18 Grants payableStart of year $8,948,496$4,182,316
X-25 Other liabilitiesStart of year $73,777,989$74,492,320
X-26 Total liabilitiesStart of year $137,597,232$136,861,948
X-27 Net assets without donor restrictionsStart of year $916,646,151$1,054,844,551
X-28 Net assets with donor restrictionsStart of year $70,403,181$89,838,282
X-32 Total net assets or fund balancesStart of year $987,049,332$1,144,682,833
X-33 Total liabilities and net assetsStart of year $1,124,646,564$1,281,544,781
Part XI · Reconciliation of net assets $1,144,682,833 net assets at year end
XI-1 Total revenue$303,698,138
XI-2 Total expenses$209,122,509
XI-3 Revenue less expenses$94,575,629
XI-4 Net assets at start of year$987,049,332
XI-5 Net unrealized gains (losses) on investments$63,953,130
XI-9 Other changes in net assets−$895,258
XI-10 Net assets at end of year$1,144,682,833

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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