First Fed Foundation
First Fed Foundation is a private charitable corporation based in Port Angeles, Washington. The Foundation was established in 2015 following a $12 million gift from First Fed (the parent bank) when the organization converted to a publicly traded company. This gift enabled the Foundation to continue First Fed's more than 100-year tradition of community philanthropy. The Foundation operates as the sole charitable giving vehicle for First Fed and focuses on creating broad impact that benefits low- to moderate-income, disadvantaged, and marginalized persons and families.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$550K
Grant Count
35
Avg Grant Size
$16K
Mission & Focus Areas
First Fed Foundation is committed to creating broad impact that benefits low- to moderate-income, disadvantaged, and/or marginalized persons or families in the Washington State communities where First Fed operates full-service branches.
The Foundation's primary funding priorities include:
- Housing & Homelessness: Supporting organizations addressing homelessness and the availability of and access to affordable housing
- Community Development: Funding community development projects
- Community Support: Organizations providing critical, life-enhancing support to communities
- Economic Development: Efforts that stimulate and support economic development
- Emergency Response: Support for organizations addressing hardships caused by crises
Since 2015, the Foundation has allocated $7,001,500 across these priorities, with $1,844,300 directed to housing and homelessness, $2,650,000 to community development, $1,162,200 to community support services, $1,125,000 to economic development, and $220,000 to COVID-19 pandemic relief efforts.
Grantmaking
The Foundation operates on a semi-annual grant cycle schedule. The fall grant cycle accepts applications from July 1 through September 1. Funding determinations are typically made by the end of May following the spring cycle.
Grant Range
**: $5,000 to $50,000
Review Cycle
& Application Process**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation provides support to communities in which First Fed operates full-service branches:
- Clallam County, Washington
- Jefferson County, Washington
- Kitsap County, Washington
- Whatcom County, Washington
- Bellevue, Washington
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving
- Total Assets (2024): $4,603,245
- Total Assets (2023): $5,075,281
- Total Revenue (2024): $198,409
- Total Expenses (2024): $666,507
- Annual Giving (2024): $600,000
- Annual Giving (2023): $800,000
- Annual Giving (2022): $860,000
- Annual Giving (2021): $840,000
- Annual Giving (2020): $850,000
Staffing
The Foundation employs 1-2 staff members.
| Metric | 2024 | 2022 | 2020 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
151 grants across all recorded years
Open Grants
1 open opportunity from First Fed Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Jan Simon serves as Executive Director, working 35 hours per week with annual compensation of $79,825.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDICE AVERY | TREASURER | 2 | — |
| LAURIE HAWKINS | SECRETARY | 2.65 | $4,530 |
| NORMAN J TONINA JR | PRESIDENT | 4 | — |
| JAN SIMON | EXECUTIVE DIRECTOR | 35 | $82,489 |
| KAREN MCCORMICK | DIRECTOR | 2 | — |
| CINDY H FINNIE | DIRECTOR | 2 | — |
| DANA BEHAR | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
In fall 2024, the Foundation awarded $300,000 in grants to 18 nonprofits. In spring 2024, the Foundation distributed $300,000 to 19 nonprofits. The Foundation continues to accept applications on a semi-annual basis, with the next fall cycle opening July 1, 2026.
First Fed awards $300,000 in grants to nonprofits | Peninsula Daily NewsSubject Areas
Focus areas based on grantmaking activity
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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 First Fed Foundation on Grantable?
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