Aven Foundation
- Assets
- $73.3m
- Revenue
- $2.1m
- Investments
- $70.9m
- Employees
- 0
- Location
- Medina, WA
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 91-2009458
Organization Overview
Aven Foundation is located in Medina, WA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Aven 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 12/2023, Aven Foundation generated $2.1m 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 (15.7%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Aven Foundation has awarded 181 individual grants totaling $25,061,736. 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 |
|---|---|---|---|
John W Stanton Director | 0.25 | $0 | |
Theresa E Gillespie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,875,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$514,053 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $728,669 |
| Total Revenue | $2,089,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $360 |
| Taxes | $67,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $373,842 |
| Total operating and administrative expenses | $575,114 |
| Contributions, gifts, grants paid | $4,231,445 |
| Total expenses and disbursements | $4,806,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,528,266 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,274 |
| 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 | $21,240,194 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $803,516 |
| Total assets | $73,264,012 |
| 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, Aven Foundation has awarded $4,231,445 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA BRAVES FOUNDATION PURPOSE: BUILD COMMUNITY THROUGH BASEBALL ENGAGING BRAVES COUNTRY, REACHING VULNERABLE POPULATIONS, AND IMPROVING EQUITY AND ACCESS IN SPORT, HEALTH, EDUCATION AND WELL-BEING OUTCOMES FOR CHILDREN, FAMILIES, AND COMMUNITIES. | $10,000 |
AMARA PURPOSE: IN SUPPORT OF FOSTER CHILDREN. | $65,000 |
ASSISTANCE LEAGUE OF THE EASTSIDE PURPOSE: TO IMPROVE QUALITY OF LIFE FOR CHILDREN AND ADULTS THROUGH VOLUNTEER AND PHILANTHROPIC PROJECTS. | $10,000 |
ATHLETES FOR KIDS PURPOSE: ATHLETES FOR KIDS ENHANCES THE LIVES OF CHILDREN WITH SPECIAL NEEDS AND THE HIGH SCHOOL ATHLETES WHO MENTOR THEM. | $10,000 |
ATTAIN HOUSING PURPOSE: PROVIDES QUALITY, AFFORDABLE URBAN HOUSING INCLUDING COMPANION PROGRAMS FOR RENTAL ASST AND EVICTION PREVENTION. | $30,000 |
BELLEVUE BOYS & GIRLS CLUB PURPOSE: THE MISSION OF BOYS & GIRLS CLUBS OFBELLEVUE IS TO INSPIRE & ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, AND RESPONSIBLE CITIZENS. | $40,000 |