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47th Avenue Foundation is a private trust based in BELLEVUE, WA. The foundation received its IRS ruling in 2021. It holds total assets of $60M. Annual income is reported at $13.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, 47th Avenue Foundation has made 44 grants totaling $7M, with a median grant of $20K. Annual giving has decreased from $5.2M in 2020 to $1.2M in 2023. Individual grants have ranged from $1K to $4M, with an average award of $158K. The foundation has supported 37 unique organizations. Grants have been distributed to organizations in Washington and North Carolina. Contributions to this foundation are tax-deductible.
47th Avenue Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 44 grants. Its grantmaking reaches organizations primarily in WA, NC.
47th Avenue Foundation has distributed a total of $7M across 44 grants. The median grant size is $20K, with an average of $158K. Individual grants have ranged from $1K to $4M.
47th Avenue Foundation typically selects its grantees rather than accepting unsolicited proposals.
47th Avenue Foundation is headquartered in BELLEVUE, WA. While based in WA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lindsey Wellmon | EXECUTIVE DIRECTOR | $175K | $0 | $175K |
Total Giving
$2.2M
Total Assets
$56.1M
Fair Market Value
$56.1M
Net Worth
$56.1M
Grants Paid
$1.2M
Contributions
$0
Net Investment Income
$863K
Distribution Amount
$2.6M
Total: $55M
Total Grants
44
Total Giving
$7M
Average Grant
$158K
Median Grant
$20K
Unique Recipients
37
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| TreehouseGENERAL OPERATING | Seattle, WA | $20K | 2023 |
| ZenoGENERAL OPERATING | Seattle, WA | $20K | 2023 |
| Wake Forest UniversitySCHOLARSHIPS, RECIPIENTS CHOSEN BY UNIVERSITY | Winstonsalem, NC | $230K | 2023 |
| Rainier ScholarsGENERAL OPERATING | Seattle, WA | $130K | 2023 |
| Boyer Children'S ClinicGENERAL OPERATING GRANT |
Other foundations that have funded 47th Avenue Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Lochland Foundation | $169K | 2022 | CAPITAL ENDOWMENT. BOOK VALUE OF CONTRIBUTED PROPERTY: EQUITIES & BONDS - $141,218 FMV: EQUITIES & BONDS - $168,520 BOOK VALUATION METHOD: COST BASIS FMV VALUATION METHOD: VALUE OF MARKETABLE SECURITIES AT TRANSFER DATE OF GIFT: VARIOUS |
| Lochland Foundation | $169K | 2022 | CAPITAL ENDOWMENT. BOOK VALUE OF CONTRIBUTED PROPERTY: EQUITIES & BONDS - $141,218 FMV: EQUITIES & BONDS - $168,520 BOOK VALUATION METHOD: COST BASIS FMV VALUATION METHOD: VALUE OF MARKETABLE SECURITIES AT TRANSFER DATE OF GIFT: VARIOUS |
| Lochland Foundation | $-168,520 | 2022 | PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. |
| Lochland Foundation |
| Seattle, WA |
| $125K |
| 2023 |
| Family First Community CenterGENERAL OPERATING GRANT | Renton, WA | $100K | 2023 |
| Recovery CafeGENERAL OPERATING | Seattle, WA | $75K | 2023 |
| Hamlin Robinson SchoolGENERAL OPERATING GRANT | Seattle, WA | $72K | 2023 |
| The Museum Of FlightPLANE MAINTENANCE | Seattle, WA | $50K | 2023 |
| KidvantageGENERAL OPERATING GRANT | Issaquah, WA | $45K | 2023 |
| Country Village Day SchoolGRANT FOR STAFF RETENTION | Mercer Island, WA | $38K | 2023 |
| Program For Early Parent SupportGENERAL OPERATING | Seattle, WA | $35K | 2023 |
| KinderingGENERAL OPERATING | Bellevue, WA | $29K | 2023 |
| Rainier AthletesGENERAL OPERATING | Bellevue, WA | $25K | 2023 |
| LifewireGENERAL OPERATING | Bellevue, WA | $25K | 2023 |
| ChildhavenGENERAL OPERATING GRANT | Seattle, WA | $20K | 2023 |
| Building ChangesGENERAL OPERATING GRANT | Seattle, WA | $20K | 2023 |
| Westside BabyGENERAL OPERATING | Seattle, WA | $20K | 2023 |
| Junior Achievement Of WaGENERAL OPERATING GRANT | Auburn, WA | $20K | 2023 |
| Wellspring Family ServicesGENERAL OPERATING | Seattle, WA | $20K | 2023 |
| Hope CentralSTAFF RETENTION | Seattle, WA | $17K | 2023 |
| Bellevue Art MuseumOPERATING GRANT TO BE USED FOR KIDS CAMPS AND/OR FAMILY FREE DAYS | Bellevue, WA | $15K | 2023 |
| Sports In SchoolsGENERAL OPERATING | Seattle, WA | $15K | 2023 |
| Woodland Park ZooAUCTION | Seattle, WA | $15K | 2023 |
| Sammamish Animal SanctuaryGENERAL OPERATING | Renton, WA | $10K | 2023 |
| Holy Rosary SchoolGENERAL OPERATING GRANT | Seattle, WA | $10K | 2023 |
| Sacred Heart SchoolGENERAL OPERATING | Clyde Hill, WA | $10K | 2023 |
| United Way Of King CountyPARENTCHILD+ PROGRAM GENERAL OPERATING | Seattle, WA | $10K | 2023 |
| Look Listen And LearnGENERAL OPERATING | Seattle, WA | $10K | 2023 |
| YouthcareGENERAL OPERATING | Seattle, WA | $5K | 2023 |
| Lucy Strong FoundationGENERAL OPERATING | Port Townsend, WA | $3K | 2023 |
| Big Brothers Big Sisters Of Puget SoundOPERATING GRANT TO BE USED FOR KIDS CAMPS AND/OR FAMILY FREE DAYS | Tacoma, WA | $1K | 2023 |
| Swedish Medical Center FoundationGENERAL SUPPORT | Seattle, WA | $45K | 2022 |
| Kindering CenterGENERAL SUPPORT | Bellevue, WA | $8K | 2022 |
| Mercer Island Preschool AssociationGENERAL SUPPORT | Mercer Island, WA | $3K | 2022 |
| Museum Of FlightGENERAL SUPPORT | Seattle, WA | $4M | 2020 |
| Bellevue Presbyterian ChurchCOVID-19 RELIEF FUND | Bellevue, WA | $1M | 2020 |
| $-168,520 |
| 2022 |
| PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. |
| Lochland Foundation | $2.8M | 2021 | CAPITAL ENDOWMENTCASH - $228,430; NON-CASH EQUITIES & BONDS - $2,574,901BOOK VALUE OF CONTRIBUTED PROPERTY: CASH - $228.430; EQUITIES & BONDS - $1,886,963BOOK VALUATION METHOD: COST BASISFMV VALUATION METHOD: VALUE OF MARKETABLE SECURITIES AT TRANSFERDATE OF GIFT: VARIOUS |
| Lochland Foundation | $-2,803,331 | 2021 | PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. |
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