The assets of Walla Walla's top foundations grew to $68,299,952 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 11 Walla Walla foundations profiled in the DataBook. The combined total of the grants awarded by Walla Walla foundations was $3,722,992.
Walla Walla nonprofit organizations received 375 grants with a combined total of $4,140,423. The average grant to Walla Walla nonprofit organizations was $11,041.
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 Walla Walla were: 131 grants classified as Education, with a sub-total of $2,333,683; 65 grants classified as Human services- other, multi-purpose, with a sub-total of $766,733; 29 grants classified as Arts, culture, humanities, with a sub-total of $599,725.
Walla Walla's largest foundation is the Sherwood Trust, whose assets of $29,436,630 give it a state-wide ranking of 28, as compared to the other 372 foundations profiled. The largest Walla Walla grant, made by Bill & Melinda Gates Foundation, was to Whitman College Board of Trustees in the amount of $1,000,000. The purpose was: To construct a new science building and renovate existing science facilities.
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.
