Non-profit

Nick and Leslie Hanauer Foundation

Location:

SEATTLE, WA

Tax ID:

26-1593306

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $458,977
Expenses: $2,380,715
Assets: $18,819,720

The Nick and Leslie Hanauer Foundation is the private foundation of progressive technology investor and reported Democracy Alliance partner Nick Hanauer.[1] Hanauer, dubbed “America’s worst minimum wage pundit” by Forbes commentator and economist Adam Ozimek for his ignorance of economics debates, is a staunch advocate for left-wing economic policies, most notably exceptionally high minimum wages.[2]

Background

Hanauer has a much higher profile than his foundation, which prefers to remain discreet.[3] The foundation appears to be purely a funding vehicle. In tax year 2015, the foundation did not pay any employees, and the only directors reported are Nick Hanauer and his wife.[4]

The foundation contributes to local Seattle-area charitable organizations and progressive public policy and political organizing groups. Grant recipients in recent years include the Institute for New Economic Thinking, the Roosevelt Institute, the Center for American Progress, the Center on Budget and Policy Priorities, Media Matters for America, Washington Progress Fund, Economic Policy Institute, and the Tides Foundation.[5]

References

  1. McMorris, Bill. “Nick Hanauer: TED Head.” Washington Free Beacon. September 18, 2012. Accessed May 08, 2017. http://freebeacon.com/democracy-alliance/nick-hanauer/
  2. Ozimek, Adam R. “America’s Worst Minimum Wage Pundit.” Modeled Behavior. May 29, 2016. Accessed May 02, 2017. https://www.forbes.com/sites/modeledbehavior/2016/05/29/americas-worst-minimum-wage-pundit/#554ff724414c
  3. Miller, Brian. “Best Philanthropist, New-School: Nick Hanauer.” Seattle Weekly. August 6, 2013. Accessed May 08, 2017. http://archive.seattleweekly.com/bestof/947987-129/hanauer-family-inequality-investor-joined-middle
  4. Nick and Leslie Hanauer Foundation, Return of Private Foundation (Form 990-PF), 2015, Part I, lines 13 and 14
  5. Nick and Leslie Hanauer Foundation, Return of Private Foundation (Form 990-PF), 2015,Part XV Line 3; Nick and Leslie Hanauer Foundation, Return of Private Foundation (Form 990-PF), 2014,Part XV Line 3; Nick and Leslie Hanauer Foundation, Return of Private Foundation (Form 990-PF), 2013,Part XV Line 3

Directors, Employees & Supporters

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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: July 1, 2008

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Dec Form PF $458,977 $2,380,715 $18,819,720 $1 $0 $0 $0 $0 PDF
    2014 Dec Form PF $486,752 $3,191,317 $17,209,077 $1 $0 $0 $0 $0 PDF
    2013 Dec Form PF $28,990,727 $2,640,538 $36,325,422 $7,084 $0 $0 $0 $0 PDF
    2012 Dec Form PF $166,586 $786,213 $9,968,149 $1 $0 $0 $0 $0 PDF
    2011 Dec Form PF $1,258,656 $928,748 $10,587,776 $1 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Nick and Leslie Hanauer Foundation

    1301 2ND AVE STE 2850
    SEATTLE, WA 98101-0002