Byron & Alice Lockwood Foundation

BELLEVUE, WA EIN: 91-0833426 Website

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

-6.5% YoY

Avg Grant Size

$24K

+8.1% YoY

Under IRS private-foundation payout rules, Byron & Alice Lockwood Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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.

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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

Washington $4.7M (97%)

Colorado $165K (3%)

States

Colorado Washington

Cities

BellevueColorado SpringsDuvallIssaquahKentKirklandLake StevensRedmondRentonSeattleShorelineTukwilla

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

Byron and Alice Lockwood Foundation Grant

BYRON & ALICE LOCKWOOD FOUNDATION

Amount

US $5,000 - US $30,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Union Gospel Mission ($100,000), Jubilee Reach ($90,000), Eastside Academy ($70,000).

Recipient	Purpose	Amount
ACRES OF DIAMONDS DUVALL, WA	CHARITABLE	$30,000
AGC EDUCATION FOUNDATION SEATTLE, WA	CHARITABLE	$25,000
ASSISTANCE LEAGUE OF THE EASTSIDE REDMOND, WA	CHARITABLE	$15,000
ASSISTANCE LEAGUE OF SEATTLE SEATTLE, WA	CHARITABLE	$20,000
BRIDGE DISABILITY MINISTRIES BELLEVUE, WA	CHARITABLE	$45,000
CRISIS CONNECTION SEATTLE, WA	CHARITABLE	$30,000
EASTSIDE ACADEMY BELLEVUE, WA	CHARITABLE	$70,000
FARE START SEATTLE, WA	CHARITABLE	$30,000
FRIENDS OF YOUTH KIRKLAND, WA	CHARITABLE	$25,000
HOPELINK REDMOND, WA	CHARITABLE	$20,000

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

Frequently Asked Questions

What does Byron & Alice Lockwood Foundation fund?

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.

How do I apply for a grant from Byron & Alice Lockwood Foundation?

**Grant Amounts:** Typical awards range from $5,000 to $100,000. **Recent Grant Activity:** In 2024, the foundation made 42 grants totaling $1,040,000. Notable recent grants include: • Seattle's Union Gospel Mission: $100,000 • Jubilee REACH: $90,000 • Eastside Academy: $70,000 **Application Process:** Grant requests are accepted until September 30 annually.

Where does Byron & Alice Lockwood Foundation make 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

What size grants does Byron & Alice Lockwood Foundation award?

In 2024, Byron & Alice Lockwood Foundation awarded 43 grants totaling $1.0M — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Byron & Alice Lockwood Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Byron & Alice Lockwood Foundation reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Byron & Alice Lockwood Foundation's EIN?

Byron & Alice Lockwood Foundation's EIN (Employer Identification Number) is 91-0833426. IRS Form 990 filing data is available on this page for 2020–2024.