Greater Tacoma Community Foundation

Organization Overview

Greater Tacoma Community Foundation is located in Tacoma, WA. The organization was established in 1978. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Tacoma Community Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Tacoma Community 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, Greater Tacoma Community Foundation generated $24.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $14.0m during the year ending 12/2021. While expenses have increased by 17.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Greater Tacoma Community Foundation has awarded 3,193 individual grants totaling $55,553,521. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONNECTING PEOPLE, KNOWLEDGE, AND FUNDING TO BUILD A THRIVING PIERCE COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREATER TACOMA COMMUNITY FOUNDATION DELIVERED MORE THAN $10.4 MILLION TO THE COMMUNITY THROUGH DONOR-ADVISED GRANTS, COVID-19 EMERGENCY RESPONSE FUNDING THROUGH PIERCE COUNTY CONNECTED, SUPPORT FOR EXPANDED LEARNING OPPORTUNITIES THROUGHOUT PIERCE COUNTY, FUNDING FOR COMMUNITY-DRIVEN EFFORTS TO IMPROVE SOCIAL AND ENVIRONMENTAL CONDITIONS THROUGHOUT THE PUYALLUP WATERSHED, YOUTH HOMELESSNESS, UNRESTRICTED GENERAL OPERATING GRANTS, CAPACITY-BUILDING GRANTS, SUPPORT FOR COMMUNITY-DRIVEN CIVIC ENGAGEMENT, IMPACT INVESTING, COMMUNITY KNOWLEDGE FACILITATION, NETWORK BUILDING, AND PHILANTHROPIC EDUCATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,000
All other contributions, gifts, grants, and similar amounts not included above$11,356,213
Noncash contributions included in lines 1a–1f $4,053,328
Total Revenue from Contributions, Gifts, Grants & Similar$11,367,213
Total Program Service Revenue$0
Investment income $5,426,291
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,879,578
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,675,694

Grants Awarded

Over the last fiscal year, Greater Tacoma Community Foundation has awarded $9,316,876 in support to 212 organizations.

Grant RecipientAmount

CITY OF FIRCREST

PURPOSE: CAPITAL SUPPORT

$1,000,000

GEORGE WEYERHAEUSER PACIFIC RIM BONSAI COLLECTION

Org PageRecipient Profile

Federal Way, WA

PURPOSE: OPERATING SUPPORT

$413,000

Tacoma, WA

PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT

$358,476

Lakewood, WA

PURPOSE: OPERATING SUPPORT

$355,025

JEFFERSON COMMUNITY FOUNDATION

Org PageRecipient Profile

Port Hadlock, WA

PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT

$345,581

PUYALLUP WATERSHED INITIATIVE

Org PageRecipient Profile

Tacoma, WA

PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT

$310,410
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Greater Tacoma Community Foundation has recieved totaling $3,413,707.

Awarding OrganizationAmount
The Wallace Foundation

New York, NY

PURPOSE: TO PARTICIPATE IN THE PARTNERSHIPS FOR SOCIAL AND EMOTIONAL LEARNING INITIATIVE (YEARS 4 THROUGH 6).

$800,816
Satterberg Foundation

Seattle, WA

PURPOSE: GENERAL OPERATING SUPPORTNON CASH GRANTDATE: 12/31/2021COST BASIS: $359,980FMV: $757,579

$757,579
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: COMMUNITY ENGAGEMENT GRANTMAKING

$400,000
The Seattle Foundation

Seattle, WA

PURPOSE: BEN FAIGIN MEMORIAL MUSIC OPPORTUNITY FUND; TO SUPPORT NORTHSTAR ADVOCATES; COVID-19 PCC FUND; PIERCE COUNTY CONNECTED FUND AS PART OF ALL IN WA; PIERCE COUNTY CONNECTED FUND; RAIN'S VACCINATION EFFORTS; TO PROVIDE GENERAL OPERATING SUPPORT; TO PROVIDE SUPPORT FOR ALL IN WA

$319,933
Tom And Meg Names Family Foundation

Fircrest, WA

PURPOSE: TO HELP SUPPORT THE GOALS OF THE ORGANIZATION

$250,000
Puyallup Watershed Initiative

Tacoma, WA

PURPOSE: 2021 WORKPLAN FUNDING TO GTCF

$222,425
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$87,854,272
Earnings$14,454,334
Net Contributions$1,107,167
Grants$4,461,661
Ending Balance$98,954,112

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