The assets of Everett's top foundations grew to $22,603,496 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 6 Everett foundations profiled in the DataBook. The combined total of the grants awarded by Everett foundations was $1,600,744.
Everett nonprofit organizations received 184 grants with a combined total of $4,073,578. The average grant to Everett nonprofit organizations was $22,139.
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 Everett were: 9 grants classified as Community improvement, development, with a sub-total of $1,448,955; 4 grants classified as Religion, spiritual development, with a sub-total of $675,930; 11 grants classified as Housing, shelter, with a sub-total of $592,250.
Everett's largest foundation is the Evertrust Foundation, whose assets of $9,227,696 give it a state-wide ranking of 73, as compared to the other 372 foundations profiled. The largest Everett grant, made by M.J. & Shirley McIntyre Charitable Foundation, was
to Skagit County in the amount of $830,892. The purpose was: Construction of performing arts center.
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.