The assets of Tacoma's top foundations grew to $468,947,930 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 22 Tacoma foundations profiled in the DataBook. The combined total of the grants awarded by Tacoma foundations was $37,731,017.
Tacoma nonprofit organizations received 1,091 grants with a combined total of $32,479,370. The average grant to Tacoma nonprofit organizations was $29,837.
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 Tacoma were: 226 grants classified as Arts, culture, humanities, with a sub-total of $16,584,870; 188 grants classified as Education, with a sub-total of $6,233,997; 198 grants classified as Human services-other, multi-purpose, with a sub-total of $2,370,532.
Tacoma's largest foundation is the Stewardship Foundation, whose assets of $115,058,278 give it a state-wide ranking of 6, as compared to the other 372 foundations profiled. The largest Tacoma grant, made by The Greater Tacoma Community Foundation, was to Museum Of Glass in the amount of $12,118,673.
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.
