Rick & Julie Hermanson Foundation
Rick & Julie Hermanson Foundation is a private foundation, based in KENT, WA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 15 grants totaling $173K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+154.5% YoY
Annual Giving
$173K
Grant Count
15
Avg Grant Size
$12K
Under IRS private-foundation payout rules, Rick & Julie Hermanson Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About Rick & Julie Hermanson Foundation
Based on IRS filings
Rick & Julie Hermanson Foundation is a private foundation, based in KENT, WA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 15 grants totaling $173K. Net investment income was $20K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $1,332,157 | $523,433 |
| Revenue | $1,007,329 | $523,433 |
| Expenses | $175,172 | — |
| Qualifying Distributions | $172,557 | — |
| Net Investment Income | $20,417 | — |
| Distributable Amount | $23,219 | $48 |
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
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Multicare Foundation ($50,190), Heavy Metal Summer Experience ($32,000), Forterra Nw ($23,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MULTICARE FOUNDATION TACOMA, WA | UNRESTRICTED. | $50,190 |
| HEAVY METAL SUMMER EXPERIENCE BELLEVUE, WA | UNRESTRICTED. | $32,000 |
| FORTERRA NW SEATTLE, WA | UNRESTRICTED. | $23,500 |
| 3DE NATIONAL LLC ATLANTA, GA | UNRESTRICTED. | $15,000 |
| LIFE SUPPORT SOUTH CLE ELUM, WA | UNRESTRICTED. | $10,167 |
| ROCKY MOUNTAIN ELK FOUNDATION MISSOULA, MT | UNRESTRICTED. | $5,700 |
| ROSLYN DOWNTOWN ASSOCIATION ROSLYN, WA | UNRESTRICTED. | $5,000 |
| WASHINGTON STATE GRANGE CLE ELUM, WA | UNRESTRICTED. | $5,000 |
| UNIVERSITY OF WASHINGTON FOUNDATION SEATTLE, WA | UNRESTRICTED. | $5,000 |
| PROJECT 42 ST PAUL, MN | UNRESTRICTED. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID MCNEAR | TREASURER | 1 | — |
| JANA BURBANK | SECRETARY | 1 | — |
| JULIE HERMANSON | VICE PRESIDENT | 1 | — |
| RICHARD HERMANSON | PRESIDENT | 1 | — |
Frequently Asked Questions
How large is Rick & Julie Hermanson Foundation?
As of 2024, Rick & Julie Hermanson Foundation holds $1.3M in total assets with $1.0M in annual revenue. It awarded 15 grants totaling $173K in 2024.
Where does Rick & Julie Hermanson Foundation operate?
Rick & Julie Hermanson Foundation has awarded grants in California, Georgia, Indiana, Minnesota, Montana, Washington.
What size grants does Rick & Julie Hermanson Foundation award?
In 2024, Rick & Julie Hermanson Foundation awarded 15 grants totaling $173K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Rick & Julie Hermanson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rick & Julie Hermanson Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rick & Julie Hermanson Foundation's EIN?
Rick & Julie Hermanson Foundation's EIN (Employer Identification Number) is 99-0415103. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Rick & Julie Hermanson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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