Overview
What is Seattle Pacific Foundation?
Seattle Pacific Foundation is a nonprofit organization based in Seattle, Washington, with a specific mission to manage and invest endowment funds and administer charitable trusts. The primary aim of this foundation is to support Seattle Pacific University and various other 501(C)(3) charitable organizations. By strategically managing their trust and annuity assets, the foundation plays a crucial role in furthering the objectives and activities of these educational, religious, and charitable entities. The Seattle Pacific Foundation also has the authority to distribute funds to other suitable religious, educational, and charitable organizations, as decided by its board of directors, demonstrating its broad-ranging commitment to societal betterment. With a team of four dedicated individuals, the foundation continues to make significant contributions to these organizations.
Official website here: www.advance.spu
Is Seattle Pacific Foundation legitimate?
Seattle Pacific Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Pacific Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $224,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $241,920
For more financial information, click here
Official website here: www.advance.spu
What is the mission statement of Seattle Pacific Foundation?
The Seattle Pacific Foundation's primary mission is to support the objectives and activities of Seattle Pacific University and various educational, religious, and charitable organizations. This is achieved through the strategic investment of endowment and trust assets, as well as the management of trusts and annuities. The foundation also has the authority to make gifts and grants to other religious, educational, and charitable organizations, as decided by its board of directors. The foundation's role primarily involves managing the university's endowment funds and administering charitable trusts, where Seattle Pacific University and other 501(c)(3) charities serve as the charitable remaindermen.
Official website here: www.advance.spu
What is the revenue of Seattle Pacific Foundation?
Seattle Pacific Foundation's revenue in 2023 was $919,064.
Official website here: www.advance.spu
Who are the executives of Seattle Pacific Foundation and what are their salaries?
The average compensation at Seattle Pacific Foundation during 2023 was $93,257. There are 5 employees at Seattle Pacific Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $230,929
- Other: $13,902
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $140,474
- Related: $0
- Other: $28,541
- Compensation: $0
- Related: $233,343
- Other: $31,880
Official website here: www.advance.spu
Where can I find the form 990 for Seattle Pacific Foundation?
Seattle Pacific Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.advance.spu
Learn more at the official website: www.advance.spu
Mission Statement of Seattle Pacific Foundation
The Seattle Pacific Foundation, as a supporting entity, is dedicated to furthering the objectives and activities of Seattle Pacific University and various educational, religious, and charitable organizations. This is achieved through the strategic investment of endowment and trust assets and the management of trusts and annuities. The foundation's mission expands beyond Seattle Pacific University, as it also allows for the making of gifts and grants to other religious, educational, and charitable organizations, subject to the approval of the board of directors. In essence, the Seattle Pacific Foundation plays a crucial role in managing the university's endowment funds and administering charitable trusts where Seattle Pacific University and other 501(c)(3) charities are the charitable remaindermen.
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Impact
October, 2024
Seattle Pacific Foundation significantly enhances the educational and charitable landscape by managing endowment funds and charitable trusts, primarily for Seattle Pacific University and other nonprofit entities. Its investment management activities provide essential financial support, enabling the university to pursue its academic mission and support students through scholarships and resources.
The Foundation actively administers trusts and annuities, ensuring sustainable funding streams for various educational and religious organizations. By channeling financial resources where they are most needed, it fosters growth and stability in the community, allowing for the development of programs that enrich the lives of students and serve broader charitable purposes. Through thoughtful investment strategies and a commitment to supporting educational objectives, the Foundation plays a crucial role in advancing the aims of the organizations it serves.
This information is meant to be a general summary of Seattle Pacific Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $20,329
- Gross Receipts: $919,064
Assets and Liabilities:
- Total Assets: $192,980,421
- Total Liabilities: $186,231,588
- Net Assets: $6,748,833
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Organization Details
Founding Year
1979
Principal Officer
Brian Ficken
Website
www.advance.spuNTEE Category
Code: B110 - Education
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