The James D and Sherry Raisbeck Foundation is a private foundation based in Seattle, Washington, established in 1999. The foundation supports nonprofit organizations primarily in the arts, culture, education, and human services sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.9M
-27.1% YoY
Annual Giving
$3.1M
-41.9% YoY
Grant Count
15
-42.3% YoY
Avg Grant Size
$208K
+0.7% YoY
Mission & Focus Areas
The foundation supports nonprofit organizations involved with:
- Arts and culture
- Human services
- Education
- Museums
Grantmaking
The foundation made 21 grants in 2023, with recent notable grants including:
Grant Range
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Washington state, with a particular concentration in the Seattle area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $9,500,025
- Total revenues: $1,353,493
- Total expenses: $5,531,546
- Total grants made: $2,163,176+ (from 21 grants)
As of 2024:
- Total assets: $6,924,810
- Total giving: $3,127,469
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,924,810 | $9,500,025 | $13,678,078 |
| Revenue | $666,188 | $1,353,493 | $10,217,909 |
| Expenses | $3,241,403 | $5,531,546 | $11,049,824 |
| Qualifying Distributions | $3,182,100 | $5,447,332 | $10,598,470 |
| Net Investment Income | $451,545 | $261,424 | $10,121,789 |
| Distributable Amount | $458,196 | $566,466 | $701,770 |
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
97 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
Sherry Raisbeck serves as co-trustee of the James D. and Sherry Raisbeck Foundation. She holds a Bachelor's degree in Psychology and a Master's degree in Special Education from California State University, and a Bachelor of Fine Arts degree from Cornish College of the Arts (1988). She is a trustee at Cornish College of the Arts and is involved with Seattle Opera, Pacific Northwest Ballet, and Artists Trust.
James D. Raisbeck (September 29, 1936 – August 31, 2021) was an aeronautical engineer, entrepreneur, and philanthropist. He founded Raisbeck Engineering, a Seattle-based company specializing in aircraft modifications. He earned a Bachelor of Science in Aeronautical Engineering from Purdue University in 1961 and received an Honorary Doctorate in Engineering from Purdue in 2005.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHERRY L RAISBECK | TRUSTEE | 5 | — |
| BILL GRINSTEIN | TRUSTEE | 1 | $7,650 |
| ERIC VALPEY | TRUSTEE | 1 | — |
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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