see-full-list/ type: exa:news title: "23 islands community projects to get \xA36m funding \u2013 see full list" type: exa:news title: Improving island resilience - gov.scot - The Scottish Government type: exa:news title: Rock Island Communications reaches nearly 7,000 subscribers and secures $16.5M grant for broadband expansion | Islands' Weekly type: exa:news title: 'Islands Programme capital fund 2021/22 to 2024/25: grant awards' type: exa:news title: Island Institute Awards $214,000 to Boost Coastal Resilience and Innovation
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$241.8M
+6.1% YoY
Annual Giving
$16.2M
+11.2% YoY
Grant Count
81
+5.2% YoY
Avg Grant Size
$200K
+5.7% YoY
Mission & Focus Areas
Islands Fund's grantmaking focuses on the following primary areas:
- Education programs
- Financial aid endowments
- Youth programs and summer camp scholarships
- Pacific Northwest programs
- Donor advised funds and endowments
- Community development
- Environmental conservation and environmental education
- Alternative education
- Women and girls' rights and programs
The foundation prioritizes progressive social change, equity, inclusion, and environmental justice in its grantmaking decisions.
Grantmaking
Review Cycle
of March 1, 2026.
Grant Types
How to Apply
** The foundation operates a rolling application process with a deadline of March 1, 2026.
Ready to take the next step with Islands Fund?
Geographic Focus
Where this funder awards grants
Islands Fund prioritizes grantmaking in:
- Washington
- California
- Colorado
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $227.8 million to $241.8 million (figures vary slightly across reporting sources for different fiscal years)
Annual Giving: $16.2 million in total giving
Revenue (2023): $18.8 million in total revenues
Expenses (2023): $16 million in total expenses
Investment Income (2023): $6.7 million in investment income and dividends
Contributions (2023): $4.3 million in grants and contributions received
The foundation maintains zero liabilities and has demonstrated significant asset growth, with total assets increasing from $118.6 million in 2011 to over $240 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $241,769,850 | $227,823,241 | $228,277,714 |
| Revenue | $32,427,412 | $18,804,847 | $30,420,955 |
| Expenses | $18,480,803 | $15,982,926 | $18,021,356 |
| Qualifying Distributions | $16,463,416 | $14,821,240 | $16,587,732 |
| Net Investment Income | $30,873,107 | $13,456,559 | $25,779,867 |
| Distributable Amount | $16,411,558 | $14,538,157 | $14,550,781 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
John Munn is identified as the principal officer of Islands Fund.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK S WERNER | DIRECTOR | 2 | — |
| GEORGE G GULICK | DIRECTOR | 2 | — |
| E LEEDS GULICK | DIRECTOR | 2 | — |
| JAMES FLAGGERT | DIRECTOR | 3 | $60,000 |
| LYDIA GULICK | DIRECTOR | 2 | — |
| SHELBY LUCE | DIRECTOR | 2 | — |
| GRAEME GULICK | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Islands Fund on Grantable?
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