Becu Foundation
BECU Foundation is a private foundation based in Tukwila, Washington. It is an independent nonprofit corporation that receives financial and other support from BECU. Its giving strategy uses BECU philanthropic dollars to increase individuals’ capacity for future earnings and promote financial health.
Becu Foundation at a glance
In short: Becu Foundation gave $478K across 2 grants in 2024 (avg $239K), mostly in Washington. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $478,000
- -77.7% vs 2023
- Grants made (2024)
- 2
- -90.9% vs 2023
- Average grant
- $239,000
- +144.8% vs 2023
- Median grant
- $239,000
- Total assets
- $9,523,593
- +33.9% vs 2023
- Primary geography
- Washington (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Becu Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests through an application form made available online. The filing states there are no restrictions or limitations on awards. Program-specific processes differ: People Helping People requires a member nomination and nonprofit supplemental application, while sponsorship requests are accepted year-round.
- Review Cycle
- The filing lists March 31. The 2025–26 scholarship application ran December 1, 2025, through January 31, 2026.
- Deadline
- The filing lists March 31.
- Contact
Application contact: Gloria Dixon
Mailing address: 12770 Gateway Dr S, Tukwila, WA 98168
Phone: (206) 439-5700
Website: https://becu.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Becu Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was College Success Foundation ($355K). Together the top 2 received $478K.
Grant Size Distribution
274 grants across all recorded years
The most common grant size was under $50K: 231 grants of 274 (84%).
Geographic Focus
Where this funder awards grants
The 2024 grants listed here went to recipients in Washington, which received 100% of the reported grant dollars. The People Helping People Awards and sponsorship program describe eligible service areas as Idaho, Oregon, South Carolina, and Washington. The 2022 Housing Stability Grant supported work in BECU service areas.
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Becu Foundation gives
- Giving fell 34% from 2021 to 2024. Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $468K (2020) to $2.3M (2022). In 2024 it made 2 grants totaling $478K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| College Success Foundation Bellevue, WA | Provide funds to issue 5 $7,000 two-year scholarships, 64 $5,000 two-year scholarships, and provide emergency funds to the organization for future scholarships. | $355,000 |
| Washington State Opportunity Scholarship (Wsos) Seattle, WA | To provide funds for 6 baccalaureate and 11 career & technical scholarships for students. | $123,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,523,593 | $3,037,257 | $877,471 | $478,000 | 2 | $499,300 | $143,099 | $457,757 |
| 2023 | $7,111,504 | $2,911,080 | $2,608,434 | $2,147,497 | 22 | $2,153,488 | $96,859 | $401,031 |
| 2022 | $6,397,710 | $3,043,042 | $2,610,027 | $2,256,379 | 31 | $2,279,709 | $34,392 | $360,754 |
| 2021 | $6,512,431 | $1,024,328 | $990,609 | $723,667 | 89 | $760,841 | $82,251 | $317,504 |
| 2020 | $5,994,498 | $1,083,408 | $844,670 | $468,079 | 130 | — | $13,823 | $266,001 |
Under IRS private-foundation payout rules, Becu Foundation reported a distributable amount of $458K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
BECU says its philanthropic giving focuses on financial health outcomes in financial literacy and education, postsecondary education and college access, workforce development, entrepreneur access and development, and housing stability and homeownership.
Its 2024 grants included support for scholarships. The College Success Foundation, which received $355,000, describes its mission as helping underserved, low-income students finish high school, graduate from college, and succeed in life through integrated supports and scholarships.
Grantmaking
In 2024, the foundation reported two grants totaling $478,000. They ranged from $123,000 to $355,000, with a median grant of $239,000. The largest was $355,000 to the College Success Foundation for scholarships and emergency scholarship funds. The other was $123,000 to Washington State Opportunity Scholarship for baccalaureate and career and technical scholarships. The 2022 Housing Stability Grant was an invitation-only initiative: eight local nonprofits received awards of $100,000 each to help prevent homeowner foreclosure and renter eviction.
The foundation also lists several programs. The People Helping People Awards provide grants of up to $50,000 to eligible nonprofits nominated by BECU members; eligible organizations must be active 501(c)(3)s with direct impact in Idaho, Oregon, South Carolina, or Washington. Sponsorship requests are reviewed year-round for organizations serving those states; requests related to fundraising events, schools, or religious or political activity are ineligible. A separate scholarship program is for eligible BECU student-members.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jennifer Teunon as president; Tom Berquist as vice president; Darrell Powell as treasurer; Denis Farmer as secretary; Gloria Dixon as executive director; Beverly Anderson as ex officio; and Faaluaina Prichard, Leanne Moss, and Roger Mauldin as directors.
Becu Foundation is led by Gloria Dixon, Executive Director on every filing since 2021; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gloria Dixon
Executive Director
On filings since 2021
1 hr/week
No compensation reported
Jennifer Teunon
President
Member at Large → Vice President, 2023
Vice President → President, 2024
On filings since 2022
1 hr/week
No compensation reported
Roger Mauldin
Director
Treasurer → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Faaluaina Prichard
Director
Member at Large → Director, 2023
On filings since 2022
1 hr/week
No compensation reported
Leanne Moss
Director
Member at Large → Director, 2023
On filings since 2022
1 hr/week
No compensation reported
Denis Farmer
Secretary
Director → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Darrell Powell
Treasurer
Member at Large → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Beverly Anderson
Executive Officio
On filings since 2023
1 hr/week
No compensation reported
Tom Berquist
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Andrea Main (2020–2023) — President
- Former: Bruce Florsheim (2020–2023) — Director
- Former: Tisha Held (2022) — Manager
- Former: Solynn McCurdy (2020) — Secretary & Executive Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Becu Foundation
How much does Becu Foundation give each year?
Becu Foundation gave $478K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 22 grants.
How large is Becu Foundation?
Becu Foundation reported $9.5M in total assets on its 2024 IRS Form 990-PF. It paid out $499K in qualifying distributions that year, against a required minimum of $458K (roughly 5% of its investment assets).
What does Becu Foundation fund?
BECU says its philanthropic giving focuses on financial health outcomes in financial literacy and education, postsecondary education and college access, workforce development, entrepreneur access and development, and housing stability and homeownership. See mission & focus areas ↑
How do I apply for a grant from Becu Foundation?
The foundation accepts unsolicited requests through an application form made available online. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Becu Foundation make grants?
The 2024 grants listed here went to recipients in Washington, which received 100% of the reported grant dollars. The People Helping People Awards and sponsorship program describe eligible service areas as Idaho, Oregon, South Carolina, and Washington. The 2022 Housing Stability Grant supported work in BECU service areas.
What is Becu Foundation's EIN?
Becu Foundation's EIN (Employer Identification Number) is 91-1703337. IRS Form 990 filing data is available on this page for 2020–2024.
Does Becu Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Becu Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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