Mark and Thuy Barnett Family Foundation
Mark and Thuy Barnett Family Foundation is a private foundation, based in Bellingham, WA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $945K in total assets. In 2025, it awarded 2 grants totaling $234K. Net investment income was $175K.
Mark and Thuy Barnett Family Foundation at a glance
In short: Mark and Thuy Barnett Family Foundation gave $234K across 2 grants in 2025 (avg $117K), mostly in Colorado. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $233,711
- +1068.6% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $116,856
- +484.3% vs 2024
- Median grant
- $116,856
- Total assets
- $944,562
- -5.5% vs 2024
- Primary geography
- Colorado (76% 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 Mark and Thuy Barnett Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Blue Dragon Children's Foundation USA ($179K). Together the top 2 received $234K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Mark and Thuy Barnett Family Foundation gives
- Giving grew 51% from 2022 to 2025. Method
- In 2025 it paid out 354% 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
From 2021 to 2025, annual grant giving ranged from $20K (2024) to $250K (2023). In 2025 it made 2 grants totaling $234K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blue Dragon Children's Foundation USA Littleton, CO | Provide vietnamese children in crisis with the services they need to make positive life changes, escape from abuse and exploitation, and benefit from education, shelterr, and psychological support. | $178,780 |
| The Asia Foundation San Francisco, CA | Funding of the barnett scholars in vietnam program for the 2023-2024 academic year - a scholarship program for disadvantaged girls in vietnam. | $54,931 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $944,562 | $189,167 | $251,302 | $233,711 | 2 | $237,601 | $175,466 | $67,176 |
| 2024 | $999,848 | $22,978 | $43,192 | $20,000 | 1 | $30,243 | $10,865 | $66,224 |
| 2023 | $1,009,176 | $55,932 | $266,493 | $249,764 | 2 | $253,594 | $44,345 | $60,571 |
| 2022 | $1,219,906 | $77,993 | $174,208 | $154,585 | 2 | $158,815 | $62,659 | $78,837 |
| 2021 | $1,308,055 | $13,943 | $147,511 | $106,856 | 2 | — | $4,189 | $75,742 |
Under IRS private-foundation payout rules, Mark and Thuy Barnett Family Foundation reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mark and Thuy Barnett Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raymond F. Burghardt
Trustee
On filings since 2021
1 hr/week
$20K (2021) → $0 (2025)
Mark A. Barnett
Trustee
On filings since 2021
1 hr/week
No compensation reported
Thuy Thanh Nguyen Barnett Aka Thuy
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Charles Barder
Trustee
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $20K, to Raymond F Burghardt (Trustee).
Frequently asked questions about Mark and Thuy Barnett Family Foundation
How much does Mark and Thuy Barnett Family Foundation give each year?
Mark and Thuy Barnett Family Foundation gave $234K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 1 grant.
How large is Mark and Thuy Barnett Family Foundation?
Mark and Thuy Barnett Family Foundation reported $945K in total assets on its 2025 IRS Form 990-PF. It paid out $238K in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets).
Where does Mark and Thuy Barnett Family Foundation operate?
Mark and Thuy Barnett Family Foundation has awarded grants in California, Colorado.
What is Mark and Thuy Barnett Family Foundation's EIN?
Mark and Thuy Barnett Family Foundation's EIN (Employer Identification Number) is 82-3768307. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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