Icicle Fund is a public charity and supporting organization based in Leavenworth, Washington. Established in 1998, the organization functions as a grantmaking foundation dedicated to supporting nonprofits in North Central Washington. The fund operates with a small staff of 3 employees and maintains assets of $56,722,905 as of 2024.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.4M
+2.8% YoY
Annual Giving
$2.7M
+48.6% YoY
Grant Count
26
-27.8% YoY
Avg Grant Size
$103K
+105.8% YoY
Mission & Focus Areas
Mission Statement: The mission of Icicle Fund is to support the environment, the arts and history through innovative collaboration in North Central Washington.
Primary Focus Areas:
- Environmental protection and conservation
- Arts and cultural advancement
- Natural and cultural history of the Wenatchee River Watershed and greater North Central Washington region
The organization supports qualified nonprofits including Chelan-Douglas Land Trust, The Nature Conservancy, The Trust for Public Land, Icicle Creek Center for the Arts, Wenatchee River Institute, Methow Arts Alliance, and other regional organizations through its Community Grants Program.
Grantmaking
The application process includes optional pre-application check-in meetings, optional financial report coaching with staff, and application materials available in Spanish language. Application deadlines and award notification timelines vary by funding cycle.
Review Cycle
and award notification timelines vary by funding cycle.
How to Apply
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Geographic Focus
Where this funder awards grants
Icicle Fund's grantmaking focuses primarily on North Central Washington, with particular emphasis on the Wenatchee River Watershed region. The organization also supports work in Washington, Virginia, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $56,722,905
- Total Revenue: $368,744
- Total Expenses: $685,401
- Net Income: -$316,657
- Total Giving: $427,833
Funding Source: Grants are made possible by the generosity of founder Harriet Bullitt and by net profits from her gift of Sleeping Lady Mountain Resort to Icicle Fund.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,444,310 | $50,061,150 | $35,216,436 |
| Revenue | $2,369,084 | $14,031,984 | $2,172,420 |
| Expenses | $3,118,515 | $2,425,604 | $2,801,174 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,686,802 | $1,346,835 | $2,560,852 |
| 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
130 grants across all recorded years
Open Grants
1 open opportunity from Icicle Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Phil Lacey: Executive Director
- Keni Sturgeon: Board Member
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MITSU IWASAKI | PRESIDENT | 3 | — |
| PHIL LACEY | VICE PRESIDENT | 3 | — |
| JAMES SCHROEDER | TREASURER | 2 | — |
| SHARON LUNZ | SECRETARY | 2 | — |
| NOELLE O'REILLY | DIRECTOR | 1 | — |
| KENI STURGEON | DIRECTOR | 2 | — |
| PAUL ISHII | DIRECTOR | 3 | — |
| CANUCHE TERRANELLA | DIRECTOR | 2 | — |
| EUNICE YOUMANS | DIRECTOR | 2 | — |
| MISSI SMITH | DIRECTOR | 2 | — |
| SARAH JO LIGHTNER | DIRECTOR | 1 | — |
| CHRISTINE MORGAN | EXECUTIVE DIRECTOR | 32 | $112,000 |
Recent News & Activity
Recent developments and announcements
Icicle Fund regularly opens its Community Grants Program to applications. The organization positions itself as a catalyst for partnerships and collaboration, working to nurture connections between people and place through artistic expression, understanding of history, experience in nature, and care for wildlife and natural landscapes.
Grant Programs - Icicle FundThe fund supports nonprofits in implementing both high-profile and hard-to-fund projects that develop North Central Washington as a region where nature, the arts, and the area's natural and human history encourage appreciation, understanding, and stewardship.
Subject 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.
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