BECU Foundation is a private, corporate foundation established in 1995 and headquartered in Tukwila, Washington. As a 501(c)(3) organization, the foundation is sponsored by Boeing Employees Credit Union (BECU) and operates as part of the credit union's broader commitment to community philanthropy and member support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.5M
+33.9% YoY
Annual Giving
$478K
-77.7% YoY
Grant Count
2
-90.9% YoY
Avg Grant Size
$239K
+144.8% YoY
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.
Mission & Focus Areas
The foundation's mission centers on encouraging and administering contributions that support financial health and resilience in communities. The foundation operates within BECU's broader giving strategy, which emphasizes:
- Access to post-secondary education and degree completion
- Workforce skills development
- Entrepreneurship expansion
- Financial education and literacy
- Community financial health and resilience
The foundation's work reflects BECU's foundational philosophy of "people helping people" and focuses on increasing individual capacity for future earnings and financial stability.
Grantmaking
Recent grants documented include:
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Geographic Focus
Where this funder awards grants
Primary service areas include:
- Western Washington
- Spokane, Washington
- Charleston, South Carolina
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Data:
- Total Assets: $7.11 million
- Total Revenue: $2.91 million
- Total Expenses: $2.61 million
- Total Liabilities: $118,000
2024 Financial Data (most recent available):
- Total Assets: $9.52 million
- Total Giving: $478,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,523,593 | $7,111,504 | $6,397,710 |
| Revenue | $3,037,257 | $2,911,080 | $3,043,042 |
| Expenses | $877,471 | $2,608,434 | $2,610,027 |
| Qualifying Distributions | $499,300 | $2,153,488 | $2,279,709 |
| Net Investment Income | $143,099 | $96,859 | $34,392 |
| Distributable Amount | $457,757 | $401,031 | $360,754 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
155 grants across all recorded years
Open Grants
2 open opportunities from Becu Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include College Success Foundation ($355,000), Washington State Opportunity Scholarship (wsos) ($123,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BEVERLY ANDERSON | EX OFFICIO | 1 | — |
| DARRELL POWELL | TREASURER | 1 | — |
| DENIS FARMER | SECRETARY | 1 | — |
| FAALUAINA PRICHARD | DIRECTOR | 1 | — |
| GLORIA DIXON | EXECUTIVE DIRECTOR | 1 | — |
| JENNIFER TEUNON | PRESIDENT | 1 | — |
| LEANNE MOSS | DIRECTOR | 1 | — |
| ROGER MAULDIN | DIRECTOR | 1 | — |
| TOM BERQUIST | VICE PRESIDENT | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking through its member-inspired and community-focused programs. Recent annual People Helping People Awards distributions demonstrate sustained commitment to nonprofit support, with grants distributed to 25 nonprofits in 2024 and additional distributions in 2025. The foundation maintains three active grant opportunities: People Helping People Awards, BECU Foundation Scholarship, and Sponsorship Requests.
BECU members help direct $450,000 to nonprofits through People Helping PeopleSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Becu Foundation fund?
The foundation's mission centers on encouraging and administering contributions that support financial health and resilience in communities. The foundation operates within BECU's broader giving strategy, which emphasizes: • **Access to post-secondary education and degree completion** • **Workforce skills development** • **Entrepreneurship expansion** • **Financial education and literacy** • **Community financial health and resilience** The foundation's work reflects BECU's foundational philosop…
How do I apply for a grant from Becu Foundation?
**BECU Foundation Scholarships** • Awards $2,500 scholarships annually to a minimum of 25 students • Emphasis on community involvement, academic achievement, and leadership potential • Targets graduating high school and undergraduate BECU members • Recently expanded to award approximately 80 scholarships annually **People Helping People Awards** • Annual program recognizing BECU members and nonprofit organizations • Grants up to $50,000 per recipient • Member-nominated nonprofits across service…
Where does Becu Foundation make grants?
Primary service areas include: • Western Washington • Spokane, Washington • Charleston, South Carolina
What size grants does Becu Foundation award?
In 2024, Becu Foundation awarded 2 grants totaling $478K — an average of about $239K per grant, based on its IRS Form 990 filings.
How much is Becu Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Becu Foundation reported a distributable amount of $458K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Becu Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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