Atwood Foundation Incorporated
- Assets
- $56.8m
- Revenue
- $7.5m
- Investments
- $51.9m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 92-6002571
Organization Overview
Atwood Foundation Incorporated is located in Anchorage, AK. The organization was established in 1965. 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. Atwood Foundation Incorporated 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, Atwood Foundation Incorporated generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 7.0% 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 2014, Atwood Foundation Incorporated has awarded 571 individual grants totaling $15,880,298. 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 |
|---|---|---|---|
Ira Perman Executive Director | 23 | $110,333 | |
Spencer Shroyer Treasurer/secretary | 1.5 | $0 | |
David Tobin Chairman | 0.5 | $0 | |
Carolyn Heyman Vice Chair | 0.5 | $0 | |
Tim Thompson Director | 0.5 | $0 | |
Maria Downey Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Latash Investments Llc | 12/30/20 | $196,251 |
Newsbank Inc | 12/30/20 | $125,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $412,951 |
| Interest on Savings | $124 |
| Dividends & Interest | $187,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,401,874 |
| Capital Gain Net Income | $5,602,317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $480,944 |
| Total Revenue | $7,483,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,250 |
| Depreciation | $140 |
| Occupancy | $26,623 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,970 |
| Total operating and administrative expenses | $536,127 |
| Contributions, gifts, grants paid | $2,646,485 |
| Total expenses and disbursements | $3,182,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,889,384 |
| 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 | $30,483,287 |
| Net Land, buildings, and equipment | $5,336 |
| Other assets | $16,557 |
| Total assets | $56,847,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $235,000 |
| 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 | $235,000 |
Grants Awarded
Over the last fiscal year, Atwood Foundation Incorporated has awarded $2,431,485 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Anchorage, AK PURPOSE: SCHOLARSHIPS | $150,000 |
ALASKA HUTS ASSOCIATION PURPOSE: BUILD TRAIL HUT AT SPENCER GLACIER | $150,000 |
Anchorage, AK PURPOSE: ALASKA CENTER FOR EXCELLENCE IN JOURNALISM | $130,000 |
Anchorage, AK PURPOSE: GENERAL SUPPORT | $115,000 |
Anchorage, AK PURPOSE: GENERAL SUPPORT | $100,000 |
UNIVERSITY OF ALASKA FOUNDATION PURPOSE: CLASSROOM EQUIPMENT | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Ken Birdwell Foundation Bellevue, WA | $76,202,815 | $4,458,349 |
Rose Foundation Vancouver, WA | $0 | $16,480 |
Apex Foundation Bellevue, WA | $126,367,624 | $451,103 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA | $0 | $6,421,793 |