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Raikes Foundation

Profile

Last Updated: 2016-07-17

At A Glance

Raikes Foundation

2157 N. Northlake Way, Ste. 220

Seattle, WA United States 98103-9184

Telephone: (206) 801-9500

URL: www.raikesfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $136,382,399

Total giving: $8,943,158

EIN

912173492

BRIDGE Number

6989759357

Additional Contact Information

E-mail for Erin Kahn: erin@raikesfoundation.org

Background

Established in 2002 in WA - Founded by Jeff and Tricia Raikes. Throughout their lives the Raikes have each had the good fortune to learn from exemplary role models. So to explain their shared enthusiasm and deep commitment to the work of their foundation, we need to start with their earliest and most influential role models. They grew up 1,700 miles apart, in very different settings – Tricia in the city in Seattle, Jeff on a farm near Ashland, Nebraska – but they were each raised by parents who believed in giving back to the community, and who lived their values in big and small ways every day. Whether it was Tricia accompanying her mom on fundraising drives in the neighborhood -- Seattle Children’s Hospital, March of Dimes, United Way -- or Jeff helping his dad aid stranded travelers in a Nebraska snowstorm, they each grew up with a clear understanding of the importance of helping others and strengthening communities when they had the resources to do so. They met as colleagues at Microsoft in the early 1980s, and are proud to own the distinction of being the first couple to meet and marry at Microsoft. Their time at the company was thrilling, challenging and financially rewarding beyond their wildest dreams. A valuable extension of their Microsoft experience was to meet many new and inspiring role models. Tricia built a fond relationship with Mary Gates, who encouraged her to get more engaged in the nonprofit world and join the board of the local Boys and Girls Club. They both spoke often with Bill and Melinda Gates about their interest in philanthropy, and Jeff later helped further their mission while serving as C.E.O. of the Bill and Melinda Gates Foundation. They also had the privilege of learning from Jeff's fellow Nebraskan, Warren Buffett, about the need to reinvest wealth back into society with a willingness to take smart risks for greater impact through philanthropy. Thanks to the guidance of these and many other helpful peers and mentors, they launched the Raikes Foundation in 2002 as their vehicle to help others. The decision to focus their grantmaking on the needs of young people came from their most inspiring role models: their three children. As the children grew, Jeff and Tricia watched each of them struggle with, and ultimately conquer, a range of childhood and adolescent challenges; but they often found themselves searching for approaches and guidance on how to support their children. They realized that if they were struggling to find effective ways to help their kids make the transition to adulthood, even with all of the resources at their disposal, millions of other young people had to be facing far more ominous challenges with far less assistance. Their children have gone off to college and started careers, but the Raikes continue to be inspired and motivated by the many young people they are privileged to meet in Seattle and across the country who are striving to become successful adults. Young people are the ultimate role models for all of the people at the Raikes Foundation. That is why empowering young people to transform their lives is the highest priority at the Raikes Foundation.

Purpose and Activities

Giving to empower young people to transform their lives.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Education

While students learn in different ways, years of experience and research in real classrooms has discovered two keys that help every student unlock their potential to succeed in any subject: positive mindsets and effective strategies for learning. When students have learning mindsets and strategies, they are motivated to learn and know how to learn, which means they are better prepared to succeed in school and in life. The program's goal is to ensure that teachers and schools have a proven toolkit of resources they can use to help students develop the mindsets and skills they need to be capable learners throughout their lives.

Out-of-School Time

Every day when the school bell rings, thousands of young people participate in out-of-school time programs across Washington state. Whether their focus is on the arts, outdoor recreation or computer literacy, out-of-school programs help young people explore their interests and build positive relationships with peers and adults. However, kids' level of engagement and the benefits they derive hinges on the quality of the out-of-school programs. The foundation is working with partners across Washington to create a system of supports that will help all youth organizations provide high-quality programs that maximize their value for young people.

Young Homelessness

Every year, more than 5,000 youth and young adults experience homelessness in King County, Washington. For these young people, school is difficult, success is a far reach and life itself is dangerous. The foundation is joining forces with leaders from across the region and county to surround these young people with what they need to thrive—from stable housing to employment support. If the foundation is successful, youth homelessness will become a rare occurrence. And if a young person does become homeless, it will be a brief and one-time experience.

Fields of Interest

Subjects
  • Child welfare
  • Education
  • Higher education
  • Housing for the homeless
  • Human services
  • Philanthropy and public policy
  • Psychology and behavioral science
  • Youth development
Population Groups
  • Academics
  • Adolescents
  • Children
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Homeless people
  • Low-income and poor people
  • Out-of-home youth
  • Students

Financial Data

Year ended 2014-12-31

Assets: $136,382,399 (market value)

Gifts received: $2,037,145

Expenditures: $12,081,740

Total giving: $8,943,158

Qualifying distributions: $10,216,524

Giving activities include:

$8,943,158 for 119 grants (high: $1,100,000; low: $250)

$145,373 for 3 foundation-administered programs