Bagley And Virginia Wright Foundation
- Assets
- $1.1m
- Revenue
- $23.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 91-6526097
Organization Overview
Bagley And Virginia Wright Foundation is located in Bellevue, 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. Bagley And Virginia Wright 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, Bagley And Virginia Wright Foundation generated $23.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $141.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bagley And Virginia Wright Foundation has awarded 175 individual grants totaling $10,879,424. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EDUCATIONAL GRANT PROGRAM FOR "MID-CAREER" POETS WORKING IN THE UNITED STATES TO ENABLE THEM TO PRODUCE NEW AND ORIGINAL WORK. THE PROGRAM WILL PERMIT POETS TO THINK IN DEPTH ABOUT POETIC TOPICS OF INTEREST AND PRESENT THE RESULTS OF SUCH THINKING IN A FORM THAT MAY BE ACCESSIBLE TO ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles B Wright IV Trustee | 1 | $0 | |
Prentice B Wright Trustee | 1 | $0 | |
Merrill Wright Trustee | 1 | $0 | |
Robin Wright Moll Trustee | 1 | $0 | |
Ada Wright Trustee | 1 | $0 | |
Blair Moll Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219 |
| Dividends & Interest | $9,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,899 |
| Capital Gain Net Income | $40,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,860 |
| Total operating and administrative expenses | $72,032 |
| Contributions, gifts, grants paid | $69,663 |
| Total expenses and disbursements | $141,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,578 |
| 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 | $76,134 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,119,046 |
| 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, Bagley And Virginia Wright Foundation has awarded $69,663 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LISA JARNOT PURPOSE: POET LECTURE SERIES | $21,663 |
JULIAN BROLASKI PURPOSE: POET LECTURE SERIES | $15,000 |
STEPHEN MC HARNEY PURPOSE: POET LECTURE SERIES | $13,000 |
DOUGLAS KEARNEY PURPOSE: POET LECTURE SERIES | $10,000 |
FREDERICK MOTEN PURPOSE: POET LECTURE SERIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |