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.
$1.7M 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

FY2023 · 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
$1.7M
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
11 mo
of spending, in cash
Plus $1.13B in investments, Pt X · Ln 11–13
Looks good: 10.8 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
$170.2M
13% of total assets
Looks good: liabilities are 13% 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
$186.7M
+17% vs prior year
Spent
$182.6M
To programs
94%
Net assets
$1.2B
By yearFY2020–FY2024
Revenue
$186.7M
FY2023▲ +17%
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
$182.6M
FY2023▼ -12%
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
$1.2B
FY2023▲ +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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $172.5M Management & general 5% · $9.2M Fundraising 0% · $902K

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; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$448,701Pt VII · Sec A
Chief Impact Officer
$225,686Pt VII · Sec A
Executive Vice President
$217,048Pt VII · Sec A
Managing Director, Controller
$184,333Pt VII · Sec A
Exec-In-Residence, Comm Pships
$182,055Pt VII · Sec A
Director, Communications
$137,368Pt VII · Sec A
Chief Financial Officer
$135,769Pt VII · Sec A
Dir. Strategic Initiatives & Sec.
$107,513Pt 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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Provided by the organization

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3 programs · $157.9M · in their own filed words · FY2023
01

Donor-Directed Grantmaking

Seattle foundation's mission is to ignite powerful, rewarding philanthropy. With approximately 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…

$120.7Mprogram 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 commitment to equity and opportunity, our role as a civic leader is to align key stakeholders around strategies to address our region's greatest…

$22.3Mprogram expense
03

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…

$14.9Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$186.7M
Ln 12
Gifts and grantsLn 1h$137.0M
Investment incomeLn 3$43.3M
Fees for servicesLn 2g$6.4M
Money outPt IX
$182.6M
Ln 25
Programscol B$172.5M
Managementcol C$9.2M
Fundraisingcol D$902K
Owns and owesPt X
$1.2B
net assets · Ln 32
Cash and savingsLn 1–2$163.7M
Total assetsLn 16$1.3B
LiabilitiesLn 26$170.2M
PeoplePt VI, VII
31
listed · VII A
PaidVII A9
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$137.0M
Government grantsLn 1e$6.6M
Noncash giftsLn 1g$45.4M
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$43.3M
Other incomeLn 4–11$74K
Gains on assetsLn 7$22.5M
Total revenueLn 12$186.7M
Assets in detailPt X, end of year
SavingsLn 2$163.7M
Cash and savings togetherLn 1–2$163.7M
InvestmentsLn 11–13$1.13B
Land, buildings, equipmentLn 10c$618K
Other assetsLn 15$3.1M
Total assetsLn 16$1.3B
LiabilitiesLn 26$170.2M
Net assetsLn 32$1.2B
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 FY23End FY23
Cash and savingsLn 1–2$151.5M$163.7M
InvestmentsLn 11–13$1.02B$1.13B
Land, buildings, equipmentLn 10c$905K$618K
Total assetsLn 16$1.19B$1.32B
LiabilitiesLn 26$150.7M$170.2M
Net assetsLn 32$1.04B$1.15B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$142.7M$142.7M
Grants to domestic individualsLn 2$1.6M$1.6M
Grants and assistance to foreign recipientsLn 3$3.8M$3.8M
Pay of current officers, directors and key staffLn 5$1.8M$1.0M$651K$106K
Other salaries and wagesLn 7$7.5M$4.3M$2.8M$450K
Pension plan contributionsLn 8$349K$199K$129K$21K
Other employee benefitsLn 9$525K$299K$194K$31K
Payroll taxesLn 10$827K$472K$306K$50K
Legal feesLn 11b$204K$116K$75K$12K
Accounting feesLn 11c$230K$230K
Lobbying feesLn 11d$14K$14K
Investment management feesLn 11f$6.6M$3.6M$3.0M
Other fees for servicesLn 11g$12.6M$12.0M$538K$29K
Advertising and promotionLn 12$218K$124K$81K$13K
Office expensesLn 13$397K$226K$147K$24K
Information technologyLn 14$795K$453K$294K$48K
OccupancyLn 16$739K$421K$273K$44K
TravelLn 17$39K$22K$14K$2K
Conferences, conventions and meetingsLn 19$359K$275K$50K$35K
InterestLn 20$7K$4K$3K$412
Depreciation, depletion and amortizationLn 22$294K$168K$109K$18K
InsuranceLn 23$155K$155K
Other expenses (24a–d)Ln 24$804K$681K$106K$17K
All other expensesLn 24e$69K$17K$50K$2K
Total functional expensesLn 25$182.6M$172.5M$9.2M$902K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $314.7M$244.5M$70.2M$1.3B 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $186,713,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,386,201$137,016,337
I-9 Program service revenuePrior year $3,742,507$6,362,294
I-10 Investment incomePrior year $19,423,638$43,260,523
I-11 Other revenuePrior year $40,191$73,853
I-12 Total revenuePrior year $159,592,537$186,713,007
I-13 Grants and similar amounts paidPrior year $177,996,838$148,146,723
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,183,428$10,952,682
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,002,510$23,508,885
I-18 Total expensesPrior year $208,182,776$182,608,290
I-19 Revenue less expensesPrior year −$48,590,239$4,104,717
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 $186,713,007 across 11 lines filed
Lines not itemized here account for $9,197 of total revenue; see the IRS return.
VIII-1a Federated campaigns$52,540
VIII-1d Related organizations$13,652,769
VIII-1e Government grants$6,601,658
VIII-1f All other contributions, gifts and grants$116,709,370
VIII-1g Noncash contributions (included above)$45,424,736
VIII-1h Total contributions, gifts and grants$137,016,337
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,308,312 · Excluded from tax $53,982$6,362,294
VIII-3 Investment incomeExcluded from tax $20,748,337$20,748,337
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,512,186$22,512,186
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $64,656$64,656
VIII-12 Total revenueRelated to mission $6,308,312 · Unrelated business $0 · Excluded from tax $43,388,358$186,713,007
Part IX · Statement of functional expenses $182,608,290 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $142,733,599$142,733,599
IX-2 Grants to domestic individualsPrograms $1,582,437$1,582,437
IX-3 Grants and assistance to foreign recipientsPrograms $3,830,687$3,830,687
IX-5 Pay of current officers, directors and key staffPrograms $1,002,534 · Management $650,768 · Fundraising $105,530$1,758,832
IX-7 Other salaries and wagesPrograms $4,270,825 · Management $2,772,290 · Fundraising $449,561$7,492,676
IX-8 Pension plan contributionsPrograms $199,005 · Management $129,179 · Fundraising $20,948$349,132
IX-9 Other employee benefitsPrograms $299,111 · Management $194,160 · Fundraising $31,485$524,756
IX-10 Payroll taxesPrograms $471,553 · Management $306,096 · Fundraising $49,637$827,286
IX-11b Legal feesPrograms $116,240 · Management $75,454 · Fundraising $12,236$203,930
IX-11c Accounting feesManagement $229,684$229,684
IX-11d Lobbying feesPrograms $13,500$13,500
IX-11f Investment management feesPrograms $3,644,109 · Management $2,981,544$6,625,653
IX-11g Other fees for servicesPrograms $11,993,554 · Management $538,115 · Fundraising $28,740$12,560,409
IX-12 Advertising and promotionPrograms $124,396 · Management $80,749 · Fundraising $13,094$218,239
IX-13 Office expensesPrograms $226,175 · Management $146,815 · Fundraising $23,808$396,798
IX-14 Information technologyPrograms $453,112 · Management $294,125 · Fundraising $47,696$794,933
IX-16 OccupancyPrograms $421,281 · Management $273,463 · Fundraising $44,345$739,089
IX-17 TravelPrograms $22,315 · Management $14,485 · Fundraising $2,349$39,149
IX-19 Conferences, conventions and meetingsPrograms $274,755 · Management $49,574 · Fundraising $35,091$359,420
IX-20 InterestPrograms $3,917 · Management $2,542 · Fundraising $412$6,871
IX-22 Depreciation, depletion and amortizationPrograms $167,593 · Management $108,789 · Fundraising $17,641$294,023
IX-23 InsuranceManagement $154,538$154,538
IX-24 Other expenses (24a–d)Programs $680,880 · Management $105,847 · Fundraising $17,164$803,891
IX-24e All other expensesPrograms $17,183 · Management $49,766 · Fundraising $1,809$68,758
IX-25 Total functional expensesPrograms $172,548,761 · Management $9,157,983 · Fundraising $901,546$182,608,290
Part X · Balance sheet $1,320,217,050 assets, 18 lines filed
Asset lines not itemized here account for $9,526,868; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $151,471,236$163,701,616
X-3 Pledges and grants receivableStart of year $15,926,145$7,407,815
X-4 Accounts receivableStart of year $708,351$2,047,917
X-9 Prepaid expenses and deferred chargesStart of year $275,760$308,964
X-10c Land, buildings and equipment, netStart of year $904,816$617,595
X-11 Publicly traded securitiesStart of year $786,180,976$881,825,257
X-12 Other securitiesStart of year $228,181,255$245,952,524
X-13 Program-related investmentsStart of year $5,859,829$5,717,458
X-15 Other assetsStart of year $2,657,653$3,111,036
X-16 Total assetsStart of year $1,193,135,889$1,320,217,050
X-17 Accounts payable and accrued expensesStart of year $3,844,508$4,911,403
X-18 Grants payableStart of year $10,487,636$5,906,406
X-25 Other liabilitiesStart of year $86,053,225$96,452,263
X-26 Total liabilitiesStart of year $150,667,380$170,176,577
X-27 Net assets without donor restrictionsStart of year $959,022,791$1,080,788,035
X-28 Net assets with donor restrictionsStart of year $83,445,718$69,252,438
X-32 Total net assets or fund balancesStart of year $1,042,468,509$1,150,040,473
X-33 Total liabilities and net assetsStart of year $1,193,135,889$1,320,217,050
Part XI · Reconciliation of net assets $1,150,040,473 net assets at year end
XI-1 Total revenue$186,713,007
XI-2 Total expenses$182,608,290
XI-3 Revenue less expenses$4,104,717
XI-4 Net assets at start of year$1,042,468,509
XI-5 Net unrealized gains (losses) on investments$101,095,341
XI-9 Other changes in net assets$2,371,906
XI-10 Net assets at end of year$1,150,040,473

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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