Byron & Alice Lockwood Foundation
The Byron & Alice Lockwood Foundation is a private foundation established in May 1968 by attorney Paul Cressman Sr., based on the wishes of Byron and Alice Lockwood. The foundation is located in Bellevue, Washington and operates as an independent grantmaking organization focused on supporting nonprofit initiatives in the Pacific Northwest.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.9M
-0.5% YoY
Annual Giving
$1.0M
+1.1% YoY
Grant Count
43
-6.5% YoY
Avg Grant Size
$24K
+8.1% YoY
Mission & Focus Areas
The foundation evaluates grant requests in three primary categories:
- Education
- Health
- Human Services
The foundation's giving reflects the founders' desire to support organizations addressing these community needs in the Pacific Northwest region.
Grantmaking
How to Apply
** Grant requests are accepted until September 30 annually.
Ready to take the next step with Byron & Alice Lockwood Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Washington: King County and surrounding areas, including Bellevue, Duvall, Kirkland, Lake Stevens, Redmond, Renton, Seattle, and Shoreline
- Colorado: Including Colorado Springs
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $16,855,623
- Total Annual Giving: $1,040,000
- Total Revenues: $1,250,048
- Total Expenses: $1,329,269
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,855,623 | $16,934,844 | $17,283,146 |
| Revenue | $1,250,048 | $965,393 | $1,500,796 |
| Expenses | $1,329,269 | $1,312,407 | $1,336,212 |
| Qualifying Distributions | $1,156,188 | $1,144,412 | $1,159,794 |
| Net Investment Income | $1,091,967 | $812,398 | $1,345,408 |
| Distributable Amount | $1,198,161 | $1,162,746 | $1,142,764 |
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
215 grants across all recorded years
Open Grants
1 open opportunity from Byron & Alice Lockwood Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Paul R. Cressman Jr. – President, working 30 hours per week with annual compensation of $165,000
Kimberly C. Kloster – Secretary-Treasurer, working 10 hours per week with annual compensation of $27,900
Kyle T. Cressman – Trustee, working 5 hours per week with annual compensation of $8,000
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIMBERLY C KLOSTER | SEC-TREAS | 10 | $27,900 |
| KYLE T CRESSMAN | Trustee | 5 | $8,000 |
| PAUL R CRESSMAN JR | President | 30 | $165,000 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Byron & Alice Lockwood Foundation on Grantable?
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