Evertrust Foundation

EVERETT, WA EIN: 91-1510567

The EverTrust Foundation is a private, company-sponsored foundation based in Everett, Washington, affiliated with Everett Mutual Savings Bank (also known as Everett Trust Bank). Established in 1993, the foundation operates as a 501(c)(3) tax-exempt organization and focuses on improving the lives of families in the region through targeted philanthropic support.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.8M

+1.0% YoY

Annual Giving

$512K

-4.5% YoY

Grant Count

-2.4% YoY

Avg Grant Size

$13K

-2.1% YoY

Under IRS private-foundation payout rules, Evertrust Foundation reported a distributable amount of $430K 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 aims to "improve the lives of Snohomish County families by providing support for food, shelter and health care, as well as educational programs that promote self-sufficiency."

Primary funding areas include:

Human services
Health and healthcare access
Education
Family services and basic needs support

Specific program interests encompass family shelter operations, youth program expansion, equipment and supply needs for nonprofits serving low-income populations, food and nutrition programs, home health patient assistance, dental care for low-income individuals, emergency assistance, and summer reading programs.

Grantmaking

Grant Range

s:** Grants typically range between $1,000 and $50,000, with average awards around $2,000–$40,000.

How to Apply

** The foundation does not maintain an active website to inform grantseekers. Interested organizations are encouraged to contact the foundation directly for information about current grantmaking opportunities and processes.

Ready to take the next step with Evertrust Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

The foundation primarily funds local efforts in Snohomish County, Washington, with a focus on the Everett area and surrounding communities.

Grant Distribution by State

Washington $3.5M (100%)

States

Washington

Cities

EverettLynnwoodMonroeMukilteoSeattle

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $6,848,569
Total Revenues: $790,308
Total Expenses: $723,559
Total Liabilities: $288 (as of 2023)

As of 2023:

Total Assets: $6.78M
Revenue: $134,000
Expenses: $739,000

The foundation files Form 990-PF annually with the IRS.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,848,569	$6,781,982	$7,388,986
Revenue	$790,308	$133,517	$240,836
Expenses	$723,559	$739,114	$752,349
Qualifying Distributions	$654,366	$676,859	$677,063
Net Investment Income	$731,372	$100,829	$167,872
Distributable Amount	$430,432	$407,275	$431,563

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

202 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Assistance League ($35,000), Mari's Place ($30,000), Dawson Place Child Advocacy Center ($30,000).

Recipient	Purpose	Amount
ASSISTANCE LEAGUE EVERETT, WA	FUNDING FOR OPERATION SCHOOL BELL	$35,000
ASSISTANCE LEAGUE EVERETT, WA	CHRISTMAS GRANT	$5,000
BOYS AND GIRLS CLUB EVERETT, WA	SUMMER CAMP PROGRAMS	$20,000
BOYS AND GIRLS CLUB EVERETT, WA	GIFT IN HONOR OF LARRY HANSON	$2,500
BOYS AND GIRLS CLUB EVERETT, WA	CHRISTMAS GRANT	$5,000
CAMP FIRE OF SNOHOMISH COUNTY EVERETT, WA	CAMP KILLOQUA SCHOLARSHIPS	$20,000
CHRISTMAS HOUSE EVERETT, WA	TEEN GIFTS	$2,000
COCOON HOUSE EVERETT, WA	TRANSITIONS PROGRAM	$15,000
COCOON HOUSE EVERETT, WA	CHRISTMAS GRANTS	$5,000
COMPASS HEALTH EVERETT, WA	CHILD ADVOCACY PROGRAM	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

President: Margaret Bavasi
Executive Director: Mary Sievers

The foundation does not employ paid staff members beyond these leadership positions and is governed by a board of directors.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NANCY KNIEST	PRESIDENT	3	—
TOM COLLINS	CO VICE-PRESIDENT	2	—
MARGARET BAVASI	CO VICE-PRESIDENT	1	—
THOMAS GAFFNEY	DIRECTOR	1	—
SARAH DUNCAN	DIRECTOR	1	—
ROSS RETTENMIER	DIRECTOR	1	—
BILL RUCKER	DIRECTOR	1	—
MARY B SIEVERS	EXECUTIVE DIRECTOR/SECRETA	18	$117,600
ROBERT W BAUER	TREASURER	0.25	—
AMY ALLISON	DIRECTOR	1	—
BOBBY THOMPSON	DIRECTOR	1	—

Contact Information

Address: PO Box 1245, Everett, WA 98206-1245
Phone: 425-339-1286
Website: www.evertrustfoundation.com

Frequently Asked Questions

What does Evertrust Foundation fund?

The foundation aims to "improve the lives of Snohomish County families by providing support for food, shelter and health care, as well as educational programs that promote self-sufficiency." Primary funding areas include: • Human services • Health and healthcare access • Education • Family services and basic needs support Specific program interests encompass family shelter operations, youth program expansion, equipment and supply needs for nonprofits serving low-income populations, food and nut…

How do I apply for a grant from Evertrust Foundation?

**Grant Ranges:** Grants typically range between $1,000 and $50,000, with average awards around $2,000–$40,000. **Annual Giving:** The foundation has distributed over $500,000 annually in recent years. In 2024, the foundation made 56 grants totaling $511,700. **Recent Grantees (2024):** • Homage Senior Services (Meals on Wheels Program) — $25,000 • Project Access Northwest (Specialty Medical Care) — $25,000 • Volunteers of America Western Washington (March Against Hunger Campaign) — $25,000 • E…

Where does Evertrust Foundation make grants?

The foundation primarily funds local efforts in Snohomish County, Washington, with a focus on the Everett area and surrounding communities.

What size grants does Evertrust Foundation award?

In 2024, Evertrust Foundation awarded 40 grants totaling $512K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Evertrust Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Evertrust Foundation reported a distributable amount of $430K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.