The assets of Spokane's top foundations grew to $71,200,364 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 15 Spokane foundations profiled in the DataBook. The combined total of the grants awarded by Spokane foundations was $4,721,499.
Spokane nonprofit organizations received 644 grants with a combined total of $6,919,943. The average grant to Spokane nonprofit organizations was $10,745.
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 Spokane were: 140 grants classified as Education, with a sub-total of $2,716,428; 85 grants classified as Arts, culture, humanities, with a sub-total of $1,113,691; 142 grants classified as Human services-other, multi-purpose, with a sub-total of $987,977.
Spokane's largest foundation is the Foundation Northwest, whose assets of $30,139,925 give it a state-wide ranking of 25, as compared to the other 372 foundations profiled. The largest Spokane grant, made by Bill & Melinda Gates Foundation, was to Spokane School District #81 in the amount of $1,068,724. The purpose was: To improve teaching and learning by enhancing student access to technology.
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.
