The assets of Seattle's top foundations grew to $34,701,264,045 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 178 Seattle foundations profiled in the DataBook. The combined total of the grants awarded by Seattle foundations was $903,978,539.
Seattle nonprofit organizations received 6,418 grants with a combined total of $725,783,733. The average grant to Seattle nonprofit organizations was $113,373.
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 Seattle were: 261 grants classified as Disease, disorders, medical disciplines, with a sub-total of $426,927,852; 1089 grants classified as Human services-other, multi-purpose, with a sub-total of $155,949,719; 1103 grants classified as Education, with a sub-total of $42,935,082.
Seattle's largest foundation is the Bill & Melinda Gates Foundation, whose assets of $32,751,464,978 give it a state-wide ranking of 1, as compared to the other 372 foundations profiled. The largest Seattle grant, made by Bill & Melinda Gates Foundation, was to The Vaccine Fund in the amount of $425,000,000. The purpose was: To support the immunization of children in 74 countries through the purchase of new vaccines.
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.
