Established in 1946, the Seattle Foundation is one of the nation's largest community foundations, with total assets in excess of $600 million. In 2008, the Seattle Foundation granted more than $63 million to over 2,000 organizations and program initiatives in King County and the surrounding area. One of these initiatives, the Building Resilience Fund, aims to raise $6 million over three years to assist those most affected by the current recession. To date, the fund has given out $2.8 million to the community in direct grants and funding, prevented foreclosure and eviction for 1,860 people, provided an additional 17,500, and connected nearly 75 individuals to range of asset-building services.
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POINT (-122.333043 47.608449)