The assets of Bellevue's top foundations grew to $257,010,786 for the most recent year on record, according to the recently released Washington Foundation DataBook, 4th Ed.
The 960-page DataBook lists every foundation in Washington and profiles the top 373 Washington grantmaking foundations, whose assets represent more than 99% of all Washington foundation assets. The DataBook is the only directory in Washington that lists every one of the 20,000 grants awarded by the state's largest foundations.
There are 28 Bellevue foundations profiled in the DataBook. The combined total of the grants awarded by Bellevue foundations was $16,790,387.
Bellevue nonprofit organizations received 314 grants with a combined total of $19,355,998. The average grant to Bellevue nonprofit organizations was $61,643.
Each of the 20,000 grants made by the profiled foundations is described using the 26 Major Field Areas of the National Taxonomy of Exempt Entities (NTEE) classification system, developed specifically to categorize nonprofit organizations. The top categories of foundation grants in Bellevue were: 4 grants classified as International, with a sub-total of $10,257,696; 32 grants classified as Health, general, rehabilitative, with a sub-total of $3,147,445; 2 grants classified as Social sciences, with a sub-total of $2,266,718.
Bellevue's largest foundation is the Apex Foundation, whose assets of $113,641,805 give it a state-wide ranking of 7, as compared to the other 372 foundations profiled. The largest Bellevue grant, made by Bill & Melinda Gates Foundation, was to Friends Of The Nelson Mandela Foundation in the amount of $10,000,000. The purpose was: To combat AIDS, improve immunization efforts and develop models of educational excellence in South Africa.
The combined asset amount of Washington's top 373 foundations is $36,700,281,240. The foundations profiled in the DataBook are identified by careful cross checking of IRS and state public records (starting with the IRS 990 tax returns foundations are required to file), culling out dedicated purpose foundations or foundations which award scholarships exclusively.
