Richard&lois Worthington Foundation
Richard&lois Worthington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANACORTES, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 2 grants totaling $520K. Net investment income was $176K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+3.0% YoY
Annual Giving
$520K
+50.7% YoY
Grant Count
2
-71.4% YoY
Avg Grant Size
$260K
+427.5% YoY
Under IRS private-foundation payout rules, Richard&lois Worthington Foundation reported a distributable amount of $315K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard&lois Worthington Foundation
Based on IRS filings
Richard&lois Worthington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANACORTES, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 2 grants totaling $520K. Net investment income was $176K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,533,796 | $5,374,462 | $5,536,294 |
| Revenue | $722,122 | $222,189 | $587,938 |
| Expenses | $562,789 | $384,022 | $453,356 |
| Qualifying Distributions | $520,000 | $345,000 | $400,000 |
| Net Investment Income | $175,953 | $120,635 | $158,565 |
| Distributable Amount | $315,365 | $312,804 | $310,931 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Skagit Community Foundation ($500,000), Richard C Worthington Junior Citize ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SKAGIT COMMUNITY FOUNDATION MOUNT VERNON, WA | GENERAL SUPPORT ACTIVITIES | $500,000 |
| RICHARD C WORTHINGTON JUNIOR CITIZE BOTHELL, WA | SCHOLARSHIPS | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA MATHESON | PRESIDENT | — | — |
| MOLLY HENDRICKS | 1ST V PRES | — | — |
| RICHARD MATHESON | 2ND V PRES | — | — |
| KATHERINE METCALF | SECRETARY | — | — |
| B MICHAEL MATHESON | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard&lois Worthington Foundation?
Richard&lois Worthington Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANACORTES, WA. It holds $5.5M in total assets as of 2024.
How large is Richard&lois Worthington Foundation?
As of 2024, Richard&lois Worthington Foundation holds $5.5M in total assets with $722K in annual revenue. It awarded 2 grants totaling $520K in 2024.
Where does Richard&lois Worthington Foundation operate?
Richard&lois Worthington Foundation has awarded grants in Washington.
What size grants does Richard&lois Worthington Foundation award?
In 2024, Richard&lois Worthington Foundation awarded 2 grants totaling $520K — an average of about $260K per grant, based on its IRS Form 990 filings.
How much is Richard&lois Worthington Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard&lois Worthington Foundation reported a distributable amount of $315K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard&lois Worthington Foundation's EIN?
Richard&lois Worthington Foundation's EIN (Employer Identification Number) is 91-1909665. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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