Russell Family Foundation Invests $6.3 Million in Pacific Northwest

Russell Family Foundation Invests $6.3 Million in Pacific Northwest

The Russell Family Foundation in Gig Harbor, Washington, has announced grants and impact investments in the areas of environmental sustainability, education, and youth and young adult homelessness.

Grant recipients include the Readiness Acceleration and Innovation Network (RAIN), which was awarded a general operating support grant of $150,000; the Latino Community Fund of Washington, which will receive $75,000 in support of the efforts of its racial justice coalition Front and Centered to organize low-income communities and communities of color on behalf of a "clean and just" Puget Sound; and $100,000 to the Salish Sea Collective, a coalition of environmental and social justice organizations that will work with Front and Centered and the Washington Environmental Council to organize people in the region around issues of equity, water quality, and the conservation of the Salish Sea.

Other grant recipients include the Coffee Oasis, which was awarded $25,000 to help fund operations at Serra House, a shelter for youth between the ages of 13 and 17; the Port Townsend Marine Science Center, which will receive $15,000 in support of the Salish Sea Community Marine Centers Collaborative; and the Pierce Conservation District, which was awarded $15,000 for Orca Recovery Day 2019 activities aimed at engaging community members in advocating for and preserving the Pacific Northwest's iconic species.

The foundation's impact investments include $3.75 million to StoneCastle FICA for Impact Cash in support of a cash management strategy aimed at advancing community development in the region; a $1.5 million loan commitment and a $250,000 loan guaranty to Forterra for the purchase and redevelopment of a property in Tacoma's Hilltop neighborhood and the purchase, for conservation and environmental programming purposes, of a property that formerly housed University of Washington fishery research labs; and $500,000 in Organically Grown Company for its work to bring organic agriculture to communities across the region.

"Collaboration is a critical element of effective, place-based change," said Russell Family Foundation CEO Richard Woo. "As these community organizations continue to work together, connecting individuals and sharing resources and knowledge with each other, they are able to develop more impactful and creative solutions for the entire region. We are proud to support these groups and the power ideas that will effect social and environmental change on both large and small scales."

"The Russell Family Foundation Announces $6.38 Million in Grants and Impact Investments" Russell Family Foundation Press Release 10/22/2019.