First Financial Northwest Foundation

Foundation · Grantmaker Renton, WA EIN: 26-1421623

First Financial Northwest Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Renton, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.0M in total assets. In 2024, it awarded 1 grant totaling $623K. Net investment income was $378K.

Key facts about First Financial Northwest Foundation

EIN: 26-1421623
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $622,550
Grants made (2024): 1
Average grant: $622,550
Median grant: $622,550
Total assets: $21,993,092
Primary geography: Washington (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How First Financial Northwest Foundation gives

Giving held roughly steady from 2021 to 2024 (−5%). Method
In 2024 it paid out 61% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$22.0M

+47.6% YoY

Annual Giving

$623K

-6.0% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$623K

+88.1% YoY

Under IRS private-foundation payout rules, First Financial Northwest Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

About First Financial Northwest Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $623K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Washington

Cities

RentonKentSeattleTacoma

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$21,993,092	$14,898,230	$16,142,347
Revenue	$479,457	$621,124	$548,641
Expenses	$703,421	$729,870	$913,578
Qualifying Distributions	$652,400	$690,599	$869,700
Net Investment Income	$377,773	$570,799	$499,074
Distributable Amount	$1,077,310	$695,844	$862,097

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Renton Regional Community ($622,550).

Recipient	Purpose	Amount
Renton Regional Community Renton, WA	Program Support	$622,550

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Gary F Kohlwes	executive director	—	—
Joann E Lee	treasurer	—	—
Charles J Delaurenti II	Trustee	—	—
Gary F Faull	Secretary	—	—
Dolores Gibbons	Trustee	—	—
Terry Higashiyama	Chair	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is First Financial Northwest Foundation?

First Financial Northwest Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Renton, WA. It holds $22.0M in total assets as of 2024.

How large is First Financial Northwest Foundation?

As of 2024, First Financial Northwest Foundation holds $22.0M in total assets with $479K in annual revenue. It awarded 1 grant totaling $623K in 2024.

Where does First Financial Northwest Foundation operate?

First Financial Northwest Foundation has awarded grants in Washington.

What size grants does First Financial Northwest Foundation award?

In 2024, First Financial Northwest Foundation awarded 1 grant totaling $623K — an average of about $623K per grant, based on its IRS Form 990 filings.

How much is First Financial Northwest Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, First Financial Northwest Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.