The Raikes Foundation is a private independent foundation established in 2002 by Jeff and Tricia Raikes, who met while working at Microsoft in the early 1980s. Based in Seattle, Washington, the foundation operates with a mission to break down barriers that prevent communities from thriving and to support solutions that allow all people to determine a fair and just future. The foundation employs approximately 18 people and operates from its office at 2157 N. Northlake Way, Suite 220, Seattle, WA 98103.
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
Mission & Focus Areas
The Raikes Foundation's goal is to bring people together to break down barriers that prevent communities from thriving and to support solutions that allow all of us to determine a fair and just future. The foundation believes that when working together and centering the voices of young people, a fair society for all can be built.
The foundation focuses on three primary program areas:
- Education: Developing capacity for systems change work necessary to build equitable schools and educational systems across the country
- Youth and Young Adult Homelessness: Developing capacity for systems change work necessary to prevent and end youth homelessness in Washington state and at the national level
- Impact-Driven Philanthropy: Supporting collaboration and building capacity to influence donors to give with impact
Grantmaking
The Raikes Foundation operates an invitation-only funding model and does not accept unsolicited proposals.
Grant Range
$5,000 to $2,000,000
Average Grant
$85,610
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Geographic Focus
Where this funder awards grants
The foundation has a national focus with significant emphasis on Washington State. Primary funding areas include Washington, District of Columbia, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $97.7 million
- Total revenue: $42.8 million
- Total expenses: $17.6 million
- Total liabilities: $6.34 million
Previous Year (2023):
- Total assets: $90.4 million
- Total revenue: $28.7 million
- Total expenses: $30.3 million
- Total giving: $28.6 million
Cumulative Impact:
- Total distributed since inception: Over $201 million
| 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 |
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
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jeff Raikes - Co-founder, Trustee and Co-President (20 hours/week)
- Tricia Raikes - Co-Founder, Trustee, Co-President, and Treasurer (30 hours/week)
- Zoë Stemm-Calderon - Executive Director
- Dennis Quirin - Executive Director ($335,680 compensation)
- Gwen Sherman - Secretary (20 hours/week)
- Stephanie Fuerstner Gillis - Senior Advisor and Director, Impact-Driven Philanthropy Initiative
- Maria De La Cruz - Senior Director, Resourcing Equity & Democracy
- Gini Pupo-Walker - Director, Education
- Dina Blum - Senior Program Officer, Education
- Mark Teoh - Senior Program Officer, Education
- Casey Trupin - Director, Housing Stability for Youth
- Paula Carvalho - Senior Program Officer, Housing Stability for Youth
- Kori Dunaway - Director, Grants Management
- Yesenia Garcia - Senior Director, Communications
- Fatima Gulamali - Chief of Staff
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY S RAIKES | TRUSTEE AND CO-PRESIDENT | 20 | — |
| PATRICIA M RAIKES | TRUSTEE, CO-PRESIDENT, AND TREASURER | 30 | — |
| GWEN SHERMAN | SECRETARY | 12 | — |
| DENNIS QUIRIN | EXECUTIVE DIRECTOR | 40 | $360,431 |
Recent News & Activity
Recent developments and announcements
The Raikes Foundation received the "Changing Course" Impact Award from the National Committee in recognition of its work. The foundation has announced a strategic evolution toward racial equity and democracy, creating new grantmaking portfolios and updating its organizational identity to reflect this commitment.
Raikes Foundation | HomeThe foundation has partnered with the Administration for Children and Families to launch the National Prevention Learning Collaborative on Youth Homelessness, demonstrating its commitment to systems-level change in addressing youth homelessness at the national level.
The Administration for Children and Families and Raikes Foundation LaunchContact Information
- Phone: (206) 801-9500
- Email (General Inquiries): info@raikesfoundation.org
- Email (Press Inquiries): press@raikesfoundation.org
- Website: raikesfoundation.org
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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