Sarah M Hughes Foundation

Foundation · Grantmaker Seattle, WA EIN: 35-2428957

Sarah M Hughes Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Seattle, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 3 grants totaling $900K. Net investment income was $707K.

Key facts about Sarah M Hughes Foundation

EIN: 35-2428957
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $900,000
Grants made (2024): 3
Average grant: $300,000
Median grant: $225,000
Total assets: $7,764,525
Primary geography: Washington (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Sarah M Hughes Foundation funds

By grant dollars, the top recipient states for Sarah M Hughes Foundation's 3 itemized 2024 grants were Washington (100%). The most frequent recipient cities were Seattle, WA (3 grants). 100% of grants with a stated purpose were for general or operating support.

How Sarah M Hughes Foundation gives

Giving grew 1100% from 2021 to 2024. Method
In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Sarah M Hughes Foundation

How to evaluate Sarah M Hughes Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Sarah M Hughes Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.8M

+59.4% YoY

Annual Giving

$900K

+12.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$300K

+12.5% YoY

Under IRS private-foundation payout rules, Sarah M Hughes Foundation reported a distributable amount of $917K for 2024 — the minimum it must pay out in qualifying distributions.

About Sarah M Hughes Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Sarah M Hughes Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Washington $900K (100%)

Share of all 3 itemized 2024 grant dollars.

States

Washington

Cities

SeattleTukwilaMercer Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,764,525	$4,872,383	$4,998,153
Revenue	$3,825,283	$702,028	$438,160
Expenses	$933,141	$829,298	$780,343
Qualifying Distributions	$904,254	$804,228	$766,713
Net Investment Income	$706,550	$689,119	$425,292
Distributable Amount	$916,758	$695,749	$551,723

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Seattle Children's Hospital ($575,000), Fred Hutch Cancer Research ($225,000), YMCA of Greater Seattle ($100,000).

Recipient	Purpose	Amount
SEATTLE CHILDREN'S HOSPITAL Seattle, WA	GENERAL OPERATIONS FUND	$575,000
FRED HUTCH CANCER RESEARCH Seattle, WA	GENERAL OPERATIONS FUND	$225,000
YMCA OF GREATER SEATTLE Seattle, WA	GENERAL OPERATIONS FUND	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Mr James W Hughes	Manager	—	—
Ms Heather O Hughes	Manager	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Sarah M Hughes Foundation?

Sarah M Hughes Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Seattle, WA. It holds $7.8M in total assets as of 2024.

How large is Sarah M Hughes Foundation?

As of 2024, Sarah M Hughes Foundation holds $7.8M in total assets with $3.8M in annual revenue. It awarded 3 grants totaling $900K in 2024.

Where does Sarah M Hughes Foundation operate?

Sarah M Hughes Foundation has awarded grants in Washington.

What size grants does Sarah M Hughes Foundation award?

In 2024, Sarah M Hughes Foundation awarded 3 grants totaling $900K — an average of about $300K per grant, based on its IRS Form 990 filings.

How much is Sarah M Hughes Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sarah M Hughes Foundation reported a distributable amount of $917K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.