Endowment / Foundation

Updated:

Gary Milgard Family Foundation

Gary E. Milgard and Carol Milgard established the foundation in 2000. The entity originated from proceeds tied to Milgard Manufacturing, which Masco...

Gary Milgard Family Foundation logo

Gary Milgard Family Foundation

Gary E. Milgard and Carol Milgard established the foundation in 2000. The entity originated from proceeds tied to Milgard Manufacturing, which Masco Corporation acquired in 2001. The foundation allocates across private equity and fund-of-funds vehicles. Confirmed holdings include exposure to the Invesco DB Gold Fund. It also maintains the HedgePremier/RIDA Fund LP. Geographic reach centers on the United States with primary activity in Washington state. The foundation reported $308 million in assets under the Altss record. It maintains the Milgard Family Office Building in Tacoma and the Milgard Collection of classic automobiles. In 2016 the original foundation divided its assets among the Ruth Foundation, Skylight Foundation, Whisper Foundation, and Windows of Hope Foundation. The architecture separates grant-making mandates across four distinct 501(c)(3) entities, each led by a different family member. This structure isolates focus areas while preserving family oversight of capital deployment.

General information

Firm type

Endowment / Foundation

Year founded

2000

Location

Region

North America

Country

United States

City

Tacoma

Corporate office

1701 Commerce Street, Tacoma, WA 98402

Principals

Gary E. Milgard

Founder

Carol Milgard

Co-founder

Cari Milgard

President and CEO, Whisper Foundation

Lori Milgard

President, Ruth Foundation

Mark Milgard

President, Windows of Hope Foundation

Sector focus

Diversified

Frequently asked questions

Who runs investment decisions at Gary Milgard Family Foundation?

Gary E. Milgard founded the entity. Family members including Cari Milgard, Lori Milgard, and Mark Milgard now lead the four successor foundations that execute grant programs.

How does Gary Milgard Family Foundation source proprietary deal flow?

No additional sourcing channels are disclosed.

Is Gary Milgard Family Foundation structured as a single family office or does it operate more like a venture firm?

It operates as an endowment and foundation. The entity focuses on grant-making through four separate foundations rather than direct venture or growth equity investments.

Does Gary Milgard Family Foundation participate in fund commitments or only direct deals?

It maintains fund-of-funds exposure and at least one limited partnership interest. Direct company ownership is limited to the exited Milgard Manufacturing stake.

Where does the underlying wealth come from?

The wealth traces to Gary E. Milgard through Milgard Manufacturing, sold to Masco Corporation in 2001 for approximately $425 million.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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