PEMCO Foundation Inc is a private foundation based in Seattle, Washington, established in 1965. The foundation operates as a company-sponsored foundation classified under the National Taxonomy of Exempt Entities (NTEE) code for Corporate Foundations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+1.9% YoY
Annual Giving
$245K
+47.9% YoY
Grant Count
68
-11.7% YoY
Avg Grant Size
$4K
+67.5% YoY
Under IRS private-foundation payout rules, Pemco Foundation Inc reported a distributable amount of $129K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Television
- Education
- Crime and violence prevention
- Youth development
- Human services
- Business
The foundation also awards college scholarships to high school students.
Grantmaking
The foundation offers the PEMCO Foundation Scholarship program for college-bound students, with multiple awards available annually. Scholarship amounts vary.
Average Grant
amount data available from recent filings
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Geographic Focus
Where this funder awards grants
The foundation provides grants primarily in Washington state, with emphasis on the Seattle area. Limited scholarship funding is available for Washington residents. The foundation also has giving activity in Oregon and New Jersey.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets (2024): $2,756,128
Annual Giving:
- Total giving (2024): $245,081
Tax Status:
- Tax-exempt since October 1967
- EIN: 91-6072723
- Classified as a 501(c)(3) exempt private foundation
- Required to file IRS Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,756,128 | $2,704,405 | $2,510,707 |
| Revenue | $185,915 | $418,768 | $716,945 |
| Expenses | $229,689 | $247,160 | $378,926 |
| Qualifying Distributions | $245,081 | $165,720 | $370,089 |
| Net Investment Income | $85,778 | $73,869 | $140,019 |
| Distributable Amount | $128,625 | $128,305 | $134,482 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cascade Public Media ($50,000), Independent Colleges of Washington ($45,000), Washington Business Week ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASCADE PUBLIC MEDIA SEATTLE, WA | GOLDEN APPLE AWARDS | $50,000 |
| INDEPENDENT COLLEGES OF WASHINGTON SEATTLE, WA | DONATION | $45,000 |
| WASHINGTON BUSINESS WEEK RENTON, WA | DONATION | $25,000 |
| EASTERN WASHINGTON UNIVERSITY FOUNDATION CHENEY, WA | DONATION | $22,420 |
| PHCC SPECIAL EVENTS TUKWILA, WA | DONATION | $15,000 |
| CAMP FIRE OF SNOHOMISH COUNTY EVERETT, WA | DONATION | $7,500 |
| AMERICAN RED CROSS SEATTLE, WA | DONATION | $5,825 |
| FIRST AME CHURCH SEATTLE, WA | DONATION | $5,000 |
| YOUGIVEGOODS FOUNDATION MENDHAM, NJ | DONATION | $4,256 |
| TABOR 100 TUKWILA, WA | DONATION | $3,600 |
Leadership & Key People
Leadership team and compensation from IRS filings
Stan W. McNaughton serves as Secretary-Treasurer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STAN W MCNAUGHTON | PRESIDENT & TREASURER | 0.5 | — |
| SANDRA M KURACK | VICE-PRESIDENT | 0.25 | — |
| DENICE M TOWN | SECRETARY | 0.5 | — |
| BRIAN R MCNAUGHTON | TRUSTEE | 0.25 | — |
Contact Information
Address: 1300 Dexter Ave N Seattle, WA 98109-3571
Phone: 206-628-4285
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Pemco Foundation Inc fund?
The foundation supports organizations involved with: • Television • Education • Crime and violence prevention • Youth development • Human services • Business The foundation also awards college scholarships to high school students.
How do I apply for a grant from Pemco Foundation Inc?
**Grant Amounts:** • Typical awards range from $50,000 to $57,000 • Average grant amount data available from recent filings **Recent Activity:** • Total giving in 2024: $245,081 • The foundation maintains an active grantmaking program with multiple awards annually **Scholarships:** The foundation offers the PEMCO Foundation Scholarship program for college-bound students, with multiple awards available annually. Scholarship amounts vary.
Where does Pemco Foundation Inc make grants?
The foundation provides grants primarily in Washington state, with emphasis on the Seattle area. Limited scholarship funding is available for Washington residents. The foundation also has giving activity in Oregon and New Jersey.
What size grants does Pemco Foundation Inc award?
In 2024, Pemco Foundation Inc awarded 68 grants totaling $245K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Pemco Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pemco Foundation Inc reported a distributable amount of $129K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pemco Foundation Inc's EIN?
Pemco Foundation Inc's EIN (Employer Identification Number) is 91-6072723. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Pemco Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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