Evertrust Foundation
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
40
-2.4% YoY
Avg Grant Size
$13K
-2.1% YoY
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.
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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
States
Cities
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.
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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