Raikes Foundation
The Raikes Foundation is a private foundation based in Seattle, Washington. It supports work focused on equitable education, youth housing stability, impact-driven philanthropy, and a fair and inclusive democracy, with an emphasis on collaboration and centering young people and communities.
Key facts about Raikes Foundation
In short: Raikes Foundation gave $11.3M across 269 grants in 2024 (avg $42K), top state District of Columbia. 43% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 91-2173492
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $11,304,371
- Grants made (2024)
- 269
- Average grant
- $42,024
- Median grant
- $10,000
- New grantees (estimate)
- 43% first-time grantees (84 of 196, 2024)
- Total assets
- $97,721,642
- Primary geography
- District of Columbia (41% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$97.7M
+8.1% YoY
Annual Giving
$11.3M
-46.5% YoY
Grant Count
269
+8.9% YoY
Avg Grant Size
$42K
-50.9% YoY
Under IRS private-foundation payout rules, Raikes Foundation reported a distributable amount of $4.6M for 2024 — the minimum it must pay out in qualifying distributions.
Is Raikes Foundation open to new grantees?
43%
first-time grantees, 2024
In 2024, 84 of 196 grantees (43%) were first-time recipients. First grants averaged $23K; repeat grants $83K. How we count
Medians: $5K first-time, $18K repeat.
- 47% of 2024 grantees were also funded in 2023. Method
- Giving fell 46% from 2021 to 2024. Method
- In 2024 it paid out 411% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s website describes its areas of work as education, housing stability for youth, resourcing equity and democracy, and impact-driven philanthropy. It says it works with grant partners through collaboration and co-design, and aims to shift power to communities.
Its 2024 grants illustrate support for a range of organizations and projects. For example, the National Equity Project describes its mission as transforming outcomes and life options for children and families historically underserved by institutions and systems. The Education Trust says it works to dismantle racial and economic barriers in education through research, advocacy, and community engagement. The Learning Policy Institute describes its work as conducting and sharing research to improve learning for children and connect policymakers with evidence and strategies to strengthen education systems.
Grantmaking
In 2024, the foundation reported 269 grants totaling $11,304,371. Individual grants ranged from $100 to $800,000, with a median of $10,000. Among its largest grants were $800,000 to Amalgamated Charitable Foundation for the Grantmakers for Thriving Youth Policy Working Group; $750,000 to the National Equity Project for district network and field catalyst strategy development; and $400,000 to Tides Center for strategic scale-up of Copilot Ascend and communities of practice. Other notable grants included $300,000 each to the Center on Budget and Policy Priorities for general operating support, the Education Trust for Alliance for Resource Equity core operating support, and the Learning Policy Institute for general operating support.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Ready to take the next step with Raikes Foundation?
Geographic Focus
Where this funder awards grants
The foundation’s grant dollars in 2024 went primarily to recipients in Washington, DC (41%), California (20%), and an individual recipient (15%). Massachusetts accounted for 5% and New York for 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 269 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11.3M (2024) to $22.1M (2020). In 2024 it made 269 grants totaling $11.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Amalgamated Charitable Foundation ($1.8M across 5 grants). Together the top 10 received $5.5M.
Organizations only. It also paid 10 grants to individuals ($70,000), which are not listed by name.
Grant Size Distribution
1,470 grants across all recorded years
The most common grant size was under $50K: 1,066 grants of 1,470 (73%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Amalgamated Charitable Foundation Washington, DC | Grantmakers for Thriving Youth Policy Working Group | $800,000 |
| National Equity Project Oakland, CA | District Network & Field Catalyst Strategy Development | $750,000 |
| Amalgamated Charitable Foundation Washington, DC | Grantmakers for thriving youth policy working group education forward fund | $700,000 |
| Tides Center Los Angeles, CA | Perts: strategic scale-up of copilot ascend and communities of practice | $400,000 |
| Center on Budget and Policy Priorities Washington, DC | General Operating Support | $300,000 |
| Education Trust Inc Washington, DC | Alliance for Resource Equity Core Operating Support | $300,000 |
| Learning Policy Institute Palo Alto, CA | General Operating Support | $300,000 |
| University of Texas System Austin, TX | University of Texas System Student Experience Project | $300,000 |
| Association of Public and Land-Grant Universities Washington, DC | Scaling Student Experience Practices and Supporting Systemic Change | $280,000 |
| Virginia Commonwealth University Foundation Richmond, VA | School of social work: national youth homelessness partnership project | $275,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $97,721,642 | $42,758,644 | $17,626,936 | $11,304,371 |
| 2023 | $90,404,225 | $28,715,403 | $30,266,373 | $21,145,678 |
| 2022 | $96,195,604 | $36,711,454 | $26,202,024 | $21,556,999 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $97,721,642 | $90,404,225 | $96,195,604 |
| Revenue | $42,758,644 | $28,715,403 | $36,711,454 |
| Expenses | $17,626,936 | $30,266,373 | $26,202,024 |
| Qualifying Distributions | $18,805,068 | $28,566,331 | $25,768,904 |
| Net Investment Income | $21,462,002 | $12,327,203 | $15,208,952 |
| Distributable Amount | $4,572,135 | $4,364,307 | $5,008,872 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jeffrey S. Raikes as trustee and co-president; Patricia M. Raikes as trustee, co-president, and treasurer; Gwen Sherman as secretary; and Dennis Quirin as executive director.
Raikes Foundation is led by Dennis Quirin, Executive Director on every filing since 2020; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Dennis Quirin
Executive Director
On filings since 2020
40 hrs/week
$259K (2020) → $360K (2024)
Jeffrey S. Raikes
Trustee & Co-President
On filings since 2020
20 hrs/week
No compensation reported
Patricia M. Raikes
Trustee, Co-President & Treasurer
Trustee, Co-Pres. & Treasurer → Trustee, Co-Pres & Treasurer, 2021
Trustee, Co-Pres & Treasurer → Trustee, Co-President & Treasurer, 2024
On filings since 2020
30 hrs/week
No compensation reported
Gwen Sherman
Secretary
On filings since 2020
12 hrs/week
No compensation reported
Former officers (1)
- Former: Jina Heverley (2021) — Ceo-Giving Compass
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $360K, to Dennis Quirin (Executive Director).
Contact
Mailing address: 2157 N Northlake Way Ste 220, Seattle, WA 98103-9814
Phone: (206) 801-9500
Website: https://raikesfoundation.org
Frequently asked questions about Raikes Foundation
How much does Raikes Foundation give each year?
Raikes Foundation gave $11.3M across 269 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $21.1M across 247 grants.
What is Raikes Foundation's typical grant size?
Raikes Foundation's median grant in 2024 was $10,000, and its average grant was $42,024, across 269 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Raikes Foundation that year got $23K on average.
Where does Raikes Foundation give grants?
Raikes Foundation's top state is District of Columbia, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (20%) and Washington (15%). The most frequent recipient cities were Seattle, WA (70 grants), Washington, DC (45 grants), San Francisco, CA (9 grants) and New York, NY (8 grants).
Does Raikes Foundation give general operating support?
Yes: 67% of Raikes Foundation's 2024 grants with a stated purpose (180 of 269) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Community Leaders Fellowship" (9 grants) and "Youth Action Board" (7 grants).
Who are Raikes Foundation's largest grantees?
Raikes Foundation's largest 2024 grantees include Amalgamated Charitable Foundation ($1,790,000 across 5 grants), National Equity Project ($825,000 across 2 grants) and Tides Center ($475,000 across 3 grants), according to its 2024 IRS Form 990-PF. It also paid 10 grants to individuals ($70,000), which are not listed by name. Together they received 27% of its itemized 2024 grant dollars.
How large is Raikes Foundation?
Raikes Foundation reported $97.7M in total assets on its 2024 IRS Form 990-PF. It paid out $18.8M in qualifying distributions that year, against a required minimum of $4.6M (roughly 5% of its investment assets).
What does Raikes Foundation fund?
The foundation’s website describes its areas of work as education, housing stability for youth, resourcing equity and democracy, and impact-driven philanthropy. It says it works with grant partners through collaboration and co-design, and aims to shift power to communities. See mission & focus areas ↑
How do I apply for a grant from Raikes Foundation?
Raikes Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check raikesfoundation.org for any change to that policy.
What is Raikes Foundation's EIN?
Raikes Foundation's EIN (Employer Identification Number) is 91-2173492. IRS Form 990 filing data is available on this page for 2020–2024.
Does Raikes Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Here's the math on researching Raikes Foundation by hand.
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