First Financial Northwest Foundation

Private foundation · Grantmaker Renton, WA EIN: 26-1421623

First Financial Northwest Foundation is a private foundation, based in Renton, WA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $23.3M in total assets. In 2025, it awarded 1 grant totaling $1.1M. Net investment income was $12.3M.

First Financial Northwest Foundation at a glance

In short: First Financial Northwest Foundation gave $1.1M across 1 grant in 2025 (avg $1.1M), mostly in Washington. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$1,053,000
+69.1% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$1,053,000
+69.1% vs 2024
Median grant
$1,053,000
Total assets
$23,271,363
+5.8% vs 2024
Primary geography
Washington (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who First Financial Northwest Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Renton Regional Community: $1.1MRenton Regional Community$1.1M

The largest 2025 recipient was Renton Regional Community ($1.1M).

Grant Size Distribution

10 grants across all recorded years

4<$50K$50–100K1$100–250K1$250–500K3$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 4 grants of 10 (40%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

RentonKentSeattleTacoma

How First Financial Northwest Foundation gives

  • Giving grew 25% from 2022 to 2025. Method
  • In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M2 grants2020 4 grants2021 2 grants2022 2 grants2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $623K (2024) to $1.1M (2025). In 2025 it made 1 grant totaling $1.1M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Renton Regional Community Renton, WAProgram Support$1,053,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$23,271,363$12,388,941$1,170,714$1,053,0001$1,091,592$12,295,212$940,842
2024$21,993,092$479,457$703,421$622,5501$652,400$377,773$1,077,310
2023$14,898,230$621,124$729,870$662,0972$690,599$570,799$695,844
2022$16,142,347$548,641$913,578$840,0342$869,700$499,074$862,097
2021$18,088,513$612,886$724,644$655,6814$681,363$576,905$840,034
2020$13,839,420$495,511$690,160$630,6402—$467,036$655,507

Under IRS private-foundation payout rules, First Financial Northwest Foundation reported a distributable amount of $941K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

First Financial Northwest Foundation is led by Gary F Kohlwes, Executive Director on every filing since 2020; none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Gary F Kohlwes

    Executive Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Terry Higashiyama

    Chair

    Trustee → Chair, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Dolores Gibbons

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Damien Pattenaude

    Trustee

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Kristy Green

    Trustee

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Gary F Faull

    Secretary

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Joann E Lee

    Treasurer

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Charles J Delaurenti II (2020–2024) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about First Financial Northwest Foundation

How much does First Financial Northwest Foundation give each year?

First Financial Northwest Foundation gave $1.1M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $623K across 1 grant.

How large is First Financial Northwest Foundation?

First Financial Northwest Foundation reported $23.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $941K (roughly 5% of its investment assets).

Where does First Financial Northwest Foundation operate?

First Financial Northwest Foundation has awarded grants in Washington.

What is First Financial Northwest Foundation's EIN?

First Financial Northwest Foundation's EIN (Employer Identification Number) is 26-1421623. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from First Financial Northwest Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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