The Prime Foundation
The Prime Foundation is a private foundation, based in Woodinville, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 6 grants totaling $107K. Net investment income was $280K.
The Prime Foundation at a glance
In short: The Prime Foundation gave $107K across 6 grants in 2024 (avg $18K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $107,483
- +98.3% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $17,914
- -0.8% vs 2023
- Median grant
- $10,000
- Total assets
- $1,376,642
- +26.9% vs 2023
- Primary geography
- Indiana (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Prime Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Morgan Stanley Global Impact Funding Trust Inc ($55K). Together the top 6 received $107K.
Grant Size Distribution
84 grants across all recorded years
The most common grant size was under $50K: 82 grants of 84 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Prime Foundation gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 194% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $15K (2022) to $217K (2021). In 2024 it made 6 grants totaling $107K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN | Foundation | $54,983 |
| Bridge of Promise Carnation, WA | Human Services; Education | $25,000 |
| The Overlake School Redmond, WA | Secondary Eduction | $15,000 |
| Fred Hutchinson Cancer Research Center Seattle, WA | Public Health; Oncology | $5,000 |
| Uc Berkeley Foundation Berkeley, CA | Education | $5,000 |
| Bridge Ministries Redmond, WA | Human Services; Developmental Disability Services | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,376,642 | $584,215 | $117,936 | $107,483 | 6 | $107,483 | $279,795 | $55,341 |
| 2023 | $1,084,964 | $181,804 | $61,958 | $54,201 | 3 | $54,201 | $30,587 | $44,935 |
| 2022 | $894,179 | $27,440 | $22,161 | $15,000 | 1 | $15,000 | $27,271 | $45,191 |
| 2021 | $1,025,586 | $29,865 | $221,967 | $216,990 | 41 | $216,990 | $29,713 | $50,777 |
| 2020 | $1,011,739 | $241,456 | $185,635 | $181,865 | 33 | — | $21,362 | $58,335 |
Under IRS private-foundation payout rules, The Prime Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Prime Foundation is led by Eric Reichanadter, President & Senior Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eric Reichanadter
President & Senior Director
On filings since 2020
1 hr/week
No compensation reported
Jacqueline Reichanadter
Secretary & Treasurer Associate
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Mike Broberg (2020–2021) — Secretary & Treasurer Associate
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Prime Foundation
How much does The Prime Foundation give each year?
The Prime Foundation gave $107K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $54K across 3 grants.
What is The Prime Foundation's typical grant size?
The Prime Foundation's median grant in 2024 was $10,000, and its average grant was $17,914, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Prime Foundation give grants?
The Prime Foundation gives mostly in Indiana: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Washington (44%). The most frequent recipient cities were Redmond, WA (2 grants).
Does The Prime Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on The Prime Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Prime Foundation's largest grantees?
The Prime Foundation's largest 2024 grantees include Morgan Stanley Global Impact Funding Trust Inc ($54,983), Bridge of Promise ($25,000) and The Overlake School ($15,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is The Prime Foundation?
The Prime Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $107K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets).
What is The Prime Foundation's EIN?
The Prime Foundation's EIN (Employer Identification Number) is 46-1389926. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Prime Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Prime Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-prime-foundation-morg_a02b87fa3bc64b2f961aaf65bbc035e4
BibTeX
@misc{grantable_461389926_2026,
author = {{Grantable}},
title = {{The Prime Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-prime-foundation-morg_a02b87fa3bc64b2f961aaf65bbc035e4},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Prime Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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