Tax laws have changed. Those who itemize will be most impacted in 2025.  Hear our thoughts in this short video (2:54 min). If you are interested in doing something before year-end, give us a call. We can discuss your specific situation. Our colleagues at the Community Foundation in Central New York share these tips for “giving smarter.”

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John Sese

he/him

Director of Finance

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TOTAL ASSET TRENDS $0 $20M $40M $60M 2020 2021 2022 2023 2024 $35,934,153 $51,296,105 $56,431,105 $56,922,352 $55,744,264
Grant payout % from all funds Total Grant amount (no interfund) 2020 2021 2022 2023 2024 TOTAL GRANTS & PAYOUT % $0 0 5% 10% 15% 20% $1M $2M $3M $4M $5M $6M $7M $8M $9M $10M 30% 25% $4,914,062 $2,769,701 $4,457,932 $10,292,115 $10,746,423 19% 14% 5% 8% 18%
INVESTMENT POOL RATE OF RETURN -10% -15% -5% 0% 5% 10% 15% 20% 25% 2020 2021 2022 2023 2024 10-year average rate of return Rate of Return (gross) 13.26% 13.22% -8.67% 11.37% 6.62% 9.17% 7.17% 7.17% 7.78% 9.80%
DONOR-ADVISED FUNDS PAYOUT RATE 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 2020 2021 2022 2023 2024 11% 8% DAF 3-year average payout rate DAF payout rate 11% 20% 37% 19% 10% 13% 23% 20%
BLACK, INDIGENOUS, PEOPLE OF COLOR GRANTS TOTAL $0 $500K $1M $1.5M $2M $2.5M $3M 2021 $54,944 2022 $370,177 2023 2024 $1,846,201 $2,792,422

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10-Year Rate of Return

The Foundation’s investment goal is to earn, through a combination of appreciation and income, an annual return net of fees of at least 6 – 8%. Our average rate of return since 2015 is 7.26%.

Year Rate of Return (Gross)
2024 6.62%
2023 11.37%
2022 -8.67%
2021 13.22%
2020 13.26%
2019 19.74%
2018 -4.36%
2017 13.65%
2016 7.75%
2015 0.03%
2014 5.70%

Finance Committee

Our Finance Committee includes local experts who establish and oversee the financial integrity of the foundation. They ensure that our budget includes funding for nonprofit support and for the board’s priorities of racial and social justice. They adopt policies for strong financial oversight and lead the foundation’s annual audit and tax filing.

Anthony Truong

2025

Community Roots Housing – Financial Controller

Anthony Truong

2025

Community Roots Housing – Financial Controller

PhilKnudsonPIC

Phil Knudson

2025

Moss Adams – Tax Partner

PhilKnudsonPIC

Phil Knudson

2025

Moss Adams – Tax Partner

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Racquel Folchi

2025

Mountain Pacific Bank – SVP & Chief Financial Officer

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Racquel Folchi

2025

Mountain Pacific Bank – SVP & Chief Financial Officer

Racquel is a graduate of California State University, Los Angeles, where she earned a degree in Business Administration with a concentration in Management and a minor in Economics. She went on to receive her MBA in Finance from the University of La Verne, graduating at the top of her class, and is also an alumna of the Pacific Coast Banking School at the University of Washington. With 30 years of progressive accounting experience across public and private sectors, including 15 years in the banking industry, Racquel brings a wealth of expertise. Prior to joining Mountain Pacific Bank, she spent seven years at Starbucks Corporation, where she successfully managed global SOX compliance and held several accounting leadership positions. Her expertise spans government regulations, strategic analysis, financial management, internal controls, and compliance.

Racquel is deeply committed to giving back to her community. She serves as a board member for multiple local organizations and actively volunteers with several charities in the area.

Her involvement with the Finance Committee of the Community Foundation of Snohomish County exemplifies her dedication to making a positive impact. This role provides opportunities to influence the foundation’s resource management and allocation, directly contributing to the effectiveness of community projects and services that improve local lives and environments. By leveraging her professional skills, Racquel engages in meaningful work that fosters personal and professional growth while creating tangible benefits for her community.

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Kristi Henderson

2025

Bauer Evans, Inc., PS (Madrona Financial & CPAs) - Partner

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Kristi Henderson

2025

Bauer Evans, Inc., PS (Madrona Financial & CPAs) - Partner

I grew up in Lake Stevens and have spent most of my life in Snohomish County. I’m a CPA, investment advisor, and partner at Madrona Financial Services/Bauer Evans in Everett, as well as a member of the Board of Directors for Mountain Pacific Bank. I joined the Community Foundation as a Board Member in 2017, motivated by a desire to give back to the community that has given me so much. I served as Treasurer until 2022, and my current involvement is focused on the finance committee.

In the little free time I have, I’m often on the go, keeping up with my two kids’ busy schedules of sporting events.

Kristin Garcia

Kristin Garcia

Board Treasurer, 2021-2026

City of Arlington Chief Financial Officer

Kristin Garcia

Kristin Garcia

Board Treasurer, 2021-2026

City of Arlington Chief Financial Officer

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Jonnathan Yepez Carino

2025-2028

Pacific Premier Bank VP/Sr Branch Manager

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Jonnathan Yepez Carino

2025-2028

Pacific Premier Bank VP/Sr Branch Manager

Documents

2021 990

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2022 990

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2023 990

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2022 Audited Financial Statements

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2023 Audited Financial Statements

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2024 Audited Financial Statements

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