The Herbert Jones Foundation
The Herbert Jones Foundation is a private foundation based in Seattle, Washington, established in 1989. The foundation promotes small business and entrepreneurship through programs managed by post-secondary educational institutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.2M
+27.2% YoY
Annual Giving
$742K
-13.6% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$82K
-4.0% YoY
Under IRS private-foundation payout rules, The Herbert Jones Foundation reported a distributable amount of $766K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus is supporting entrepreneurship and small business development. Key funding areas include:
- Entrepreneurship programs and centers
- Business plan competitions and awards
- Student launch initiatives and business awards
- Campus course development related to entrepreneurship
- Social venture competitions
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$25,000 to $222,000
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to Washington State organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (as of August 2024):
- Total assets: $17,154,948
- Total giving: $742,063
- Total revenues: $4,499,266
- Total expenses: $835,922
- Giving rate: 4.2% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,154,948 | $13,491,604 | $13,207,242 |
| Revenue | $4,499,266 | $1,278,641 | $2,615,066 |
| Expenses | $835,922 | $994,279 | $821,824 |
| Qualifying Distributions | $760,140 | $911,811 | $733,485 |
| Net Investment Income | $4,428,553 | $1,244,790 | $2,579,169 |
| Distributable Amount | $765,974 | $761,777 | $811,724 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Eastern Washington University ($222,100), Nw School for Deaf and Hard of Hearing Children ($138,895), Washington State University ($110,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL WASHINGTON UNIVERSITY FOUNDATION ELLENSBURG, WA | CENTER FOR ENTREPRENEURSHIP AND ENTREPRENEURSHIP MAJOR | $100,000 |
| EASTERN WASHINGTON UNIVERSITY CHENEY, WA | CENTER FOR ENTERPRENEURSHIP | $222,100 |
| ENTERPRISE FOR EQUITY OLYMPIA, WA | LOW INCOME SCHOLARSHIPS AND MOMENTUM AWARDS | $23,000 |
| NW SCHOOL FOR DEAF AND HARD OF HEARING CHILDREN SHORELINE, WA | EDUCATIONAL PROGRAMS FOR DEAF AND HARD OF HEARING CHILDREN | $138,895 |
| SEATTLE PACIFIC UNIVERSITY SEATTLE, WA | CAMPUS COURSE DEVELOPMENT, SOCIAL VENTURE COMPETITION, STUDENT LAUNCH AWARDS | $33,068 |
| SEATTLE UNIVERSITY SEATTLE, WA | PROGRESS AWARDS AND BUSINESS PLAN AWARD | $45,000 |
| UNIVERSITY OF WASHINGTON SEATTLE, WA | ACCELERATOR AWARD, BUSINESS PLAN COMPETITION, ENVIRONMENTAL AND HEALTH CHALLENGES | $45,000 |
| VENTURES SEATTLE, WA | BUSINESS SAVERS CLUBS | $25,000 |
| WASHINGTON STATE UNIVERSITY PULLMAN, WA | BUSINESS PLAN AWARD, MILESTONE AWARDS, STUDENT VENTURE MANAGER | $110,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERRY SMITH | TRUSTEE | 1 | — |
| TOM CRHA | TRUSTEE | 1 | — |
| TAMMY MILLER | TRUSTEE | 1 | — |
| KAYLEE JAECH | TRUSTEE | 1 | — |
| MANDY HO | TRUSTEE | 1 | — |
| RENE WAGNER | TRUSTEE | 1 | — |
Contact Information
- Address: 1301 5th Ave Ste 2400, Seattle, WA 98101-2648
- Telephone: 425-709-4209
- Website: www.hbjfoundation.com
Frequently Asked Questions
What does The Herbert Jones Foundation fund?
The foundation's primary focus is supporting entrepreneurship and small business development. Key funding areas include: • Entrepreneurship programs and centers • Business plan competitions and awards • Student launch initiatives and business awards • Campus course development related to entrepreneurship • Social venture competitions
How do I apply for a grant from The Herbert Jones Foundation?
**Grant Activity:** • Made 8 grants in the most recent fiscal year (2024) • Total giving: $719,063 annually • Grant range: $25,000 to $222,000 • Median grant size: $73,000 **Recent Grantees (2024):** • Central Washington University Foundation: $100,000 (Center for Entrepreneurship and Entrepreneurship Major) • Seattle University: $45,000 (Progress Awards and Business Plan Award) • Seattle Pacific University: $33,068 (Campus Course Development, Social Venture Competition, Student Launch Awards) …
Where does The Herbert Jones Foundation make grants?
The foundation restricts its grantmaking to Washington State organizations.
What size grants does The Herbert Jones Foundation award?
In 2024, The Herbert Jones Foundation awarded 9 grants totaling $742K — an average of about $82K per grant, based on its IRS Form 990 filings.
How much is The Herbert Jones Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herbert Jones Foundation reported a distributable amount of $766K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Herbert Jones Foundation's EIN?
The Herbert Jones Foundation's EIN (Employer Identification Number) is 94-3124801. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Herbert Jones Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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