The 47th Avenue Foundation is a private foundation headquartered in Bellevue, Washington, dedicated to supporting children and families in the greater Seattle community. Founded in 2019, the foundation invests in programs and organizations that foster a proactive approach to lifelong wellbeing. The organization operates with a lean, flexible approach that values progress over perfection and prioritizes building relationships rooted in curiosity, joy, and intentionality.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60.0M
+7.0% YoY
Annual Giving
$1.9M
+56.5% YoY
Grant Count
50
+56.3% YoY
Avg Grant Size
$39K
+0.1% YoY
Mission & Focus Areas
Mission: The 47th Avenue Foundation is dedicated to empowering children and families in the greater Seattle area. The foundation believes that transforming one life can spark a ripple effect, creating stronger and more connected communities. Through partnerships with forward-thinking organizations, the foundation champions proactive solutions to today's challenges while fostering hope for a brighter tomorrow.
Primary Funding Pillars:
Education: Advancing equitable educational opportunities by supporting programs that foster academic, social-emotional, career readiness, and self-advocacy skills, empowering children to thrive in an ever-changing world.
Healthcare: Supporting organizations providing equitable access to medical care, therapies, and early interventions, ensuring every child can grow, thrive, and achieve a brighter future.
Child Wellbeing: Ensuring family stability and child well-being by providing essential resources, reducing barriers to participation, and creating opportunities for all children to grow, thrive, and experience joy.
Grantmaking
In August 2025, the foundation hosted an event for nonprofit partners with two main components: an education hour focused on emerging AI technology and how nonprofits can utilize it, followed by a networking session. The education hour was recorded and distributed to partners for broader team sharing. Partner feedback was positive, with organizations appreciating the foundation's attention to detail and expressing interest in future events.
Grant Range
$1,000–$300,000
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is the greater Seattle area and Washington State. The foundation also has documented grant-making activity in New York and North Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $59,983,712
- Total giving: $1,938,316
- Total revenues: $1,123,751
- Total expenses: $3,034,121
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $59,983,712 | $56,072,857 | $51,051,792 |
| Revenue | $1,123,751 | $1,038,340 | $-2,336,741 |
| Expenses | $3,034,121 | $2,206,296 | $715,651 |
| Qualifying Distributions | $2,872,314 | $2,055,280 | $582,411 |
| Net Investment Income | $997,013 | $863,183 | $692,461 |
| Distributable Amount | $2,901,295 | $2,632,746 | $2,660,794 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Lindsey Wellmon: President
- Ozy Zebarjadi: Vice President of Operations
The foundation employs 3 staff members total.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDSEY WELLMON | EXECUTIVE DIRECTOR | 40 | $179,922 |
Recent News & Activity
Recent developments and announcements
The foundation actively engages with its nonprofit partner network. In October 2025, the foundation highlighted partner organizations' needs, including Vine Maple Place's search for more than 80 volunteers to support local children navigating homelessness and uncertainty.
Avista Foundation awards 40 grants supporting education andSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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