Kennedy-Ries Family Foundation
- Assets
- $12.5m
- Revenue
- $1.3m
- Investments
- $12.2m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-5654237
Organization Overview
Kennedy-Ries Family Foundation is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennedy-Ries Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kennedy-Ries Family Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year.
Since 2017, Kennedy-Ries Family Foundation has awarded 58 individual grants totaling $2,250,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick F Kennedy Co-President/secretary | 2 | $0 | |
Mary Melissa Ries Co-President | 2 | $0 | |
Ruth M Verhoff Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $28 |
| Dividends & Interest | $222,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $310,147 |
| Capital Gain Net Income | $310,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,282,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,313 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $54,161 |
| Contributions, gifts, grants paid | $472,500 |
| Total expenses and disbursements | $526,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,399 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,461,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,634 |
| Total assets | $12,473,499 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kennedy-Ries Family Foundation has awarded $472,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN STANLEY GLOBAL IMPACT FUND PURPOSE: GENERAL SUPPORT | $100,000 |
Seattle, WA PURPOSE: GENERAL PURPOSES | $50,000 |
JUBLIEE WOMEN'S CENTER PURPOSE: PURCHASE AND RENOVATION OF THE MAXWELL HOUSE; REMAINING FUNDS FOR GENERAL PURPOSES | $50,000 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $50,000 |
Seattle, WA PURPOSE: GENERAL PURPOSES | $50,000 |
Seattle, WA PURPOSE: GENERAL PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carpenters-Employers Vacation Trust Of Western Washington Seattle, WA | $5,203,144 | $22,846,334 |
Board Of Trustees Agc Trust Of Montana Spokane, WA | $18,871,331 | $11,144,345 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |