Olson Family Foundation Inc
Olson Family Foundation Inc is a private family foundation based in Suquamish, Washington. Established in 2002, the foundation operates as a grantmaking organization dedicated to supporting charitable causes in specific geographic communities.
Key facts about Olson Family Foundation Inc
- EIN
- 35-2192036
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,962,158
- Grants made (2024)
- 55
- Average grant
- $35,676
- Median grant
- $30,000
- Total assets
- $26,756,320
- Primary geography
- Oklahoma (59% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts grant applications for projects implemented in and serving residents of their geographic focus areas. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Olson Family Foundation Inc funds
By grant dollars, the top recipient states for Olson Family Foundation Inc's 55 itemized 2024 grants were Oklahoma (59%), New York (11%) and District of Columbia (9%). The most frequent recipient cities were Oklahoma City, OK (16 grants), Edmond, OK (7 grants), Washington, DC (6 grants) and New York, NY (4 grants). 100% of grants with a stated purpose were for general or operating support.
How Olson Family Foundation Inc gives
- 36% of 2024 grantees were also funded in 2023. Method
- Giving grew 572% from 2021 to 2024. Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Olson Family Foundation Inc
- How to evaluate Olson Family Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.8M
-2.9% YoY
Annual Giving
$2.0M
-8.3% YoY
Grant Count
55
+129.2% YoY
Avg Grant Size
$36K
-60.0% YoY
Under IRS private-foundation payout rules, Olson Family Foundation Inc reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to develop relations with charitable organizations that serve local needs in education, family, health and wellness, enrichment, and environment. The foundation was created exclusively to provide financial assistance for religious, scientific, literary, or educational purposes, or the prevention of cruelty to animals or children within the United States or its possessions.
Primary funding areas include:
- Education
- Family support
- Health and wellness
- Environment
- Enrichment
Grantmaking
How to Apply
** The foundation accepts grant applications for projects implemented in and serving residents of their geographic focus areas.
Ready to take the next step with Olson Family Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation concentrates 100% of its funding in two primary regions:
- Omaha, Nebraska and surrounding communities
- Stanwood, Washington and surrounding communities
Grant Distribution by State
Share of all 55 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $27,568,756 (as of most recent filing)
Total Annual Giving: $2,139,840 (2023)
Cumulative Giving: $81,248,423 awarded through 965 grants since 1992
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,756,320 | $27,568,756 | $28,661,134 |
| Revenue | $1,227,379 | $1,139,456 | $12,780,180 |
| Expenses | $2,039,815 | $2,231,834 | $1,710,647 |
| Qualifying Distributions | $1,962,158 | $2,139,840 | $1,610,250 |
| Net Investment Income | $1,164,440 | $1,064,026 | $1,340,235 |
| Distributable Amount | $2,193,142 | $1,743,982 | $1,219,867 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 10 recipients in 2024
Grant Size Distribution
130 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wings ($234,408), Wild Care Foundation ($120,000), Oklahoma Zoological Society ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WINGS Edmond, OK | GENERAL | $234,408 |
| WILD CARE FOUNDATION Noble, OK | GENERAL | $120,000 |
| OKLAHOMA ZOOLOGICAL SOCIETY Oklahoma City, OK | GENERAL | $100,000 |
| AMERICAN RED CROSS Oklahoma City, OK | GENERAL | $100,000 |
| UKRAINE FOCUS Lyndhurst, VA | GENERAL | $90,000 |
| DOCTORS WITHOUT BORDERS New York, NY | GENERAL | $67,000 |
| INTERNATIONAL RESCUE COMMITTEE New York, NY | GENERAL | $67,000 |
| BLAZE'S TRIBUTE EQUINE RESCUE Harrah, OK | GENERAL | $61,000 |
| ENVIRONMENTAL DEFENSE FUND Washington, DC | GENERAL | $54,000 |
| OK MUSEUM OF ART Oklahoma City, OK | GENERAL | $50,000 |
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 |
|---|---|---|---|
| Gregory Olson | Secretary/Treasurer/Direct | 0.5 | — |
| Sandra J Olson | President/Director | 0.5 | — |
| Donna Cossandra Olson | Honorary Director | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported notable programs and initiatives including:
**Little Arrowhead Nature Explore (L.A.N.E.)** - Located on Camano Island, Washington, supporting environmental education
**Connect Casino Road** - Based in Everett, Washington, supporting family and education initiatives
**Kindergarten Readiness Initiative** - Operating in Stanwood, Washington
The foundation has provided significant support to organizations including Siena Francis House in Omaha (supporting individuals experiencing homelessness) and TeamMates Mentoring (a school-based mentoring program that has served 43,000 matches since 1991).
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Olson Family Foundation Inc fund?
The foundation's mission is to develop relations with charitable organizations that serve local needs in education, family, health and wellness, enrichment, and environment. The foundation was created exclusively to provide financial assistance for religious, scientific, literary, or educational purposes, or the prevention of cruelty to animals or children within the United States or its possessions. Primary funding areas include: • Education • Family support • Health and wellness • Environment…
How do I apply for a grant from Olson Family Foundation Inc?
The foundation accepts grant applications for projects implemented in and serving residents of their geographic focus areas. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Olson Family Foundation Inc make grants?
The foundation concentrates 100% of its funding in two primary regions: • Omaha, Nebraska and surrounding communities • Stanwood, Washington and surrounding communities
What size grants does Olson Family Foundation Inc award?
In 2024, Olson Family Foundation Inc awarded 55 grants totaling $2.0M — an average of about $36K per grant, based on its IRS Form 990 filings.
How much is Olson Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Olson Family Foundation Inc reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olson Family Foundation Inc's EIN?
Olson Family Foundation Inc's EIN (Employer Identification Number) is 35-2192036. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.