A Friends Foundation Trust
A Friends Foundation Trust is a private foundation based in Pennington, New Jersey. The organization was established in 1959 in Florida as the Hubbard Foundation and merged in 1985 with A Friends' Fund, Inc., to form its current structure.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.1M
+3.8% YoY
Annual Giving
$930K
+57.1% YoY
Grant Count
45
+18.4% YoY
Avg Grant Size
$21K
+32.7% YoY
Under IRS private-foundation payout rules, A Friends Foundation Trust reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports private higher education, civic affairs, the arts, youth activities, religion, and health, with a primary geographic focus on central Florida.
Grantmaking
The foundation made 48 grants in 2023, with total giving of $591,600. Typical grant awards range from $1,000 to $200,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Florida, North Carolina, and Puerto Rico.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $17,447,105
- Total giving: $591,600
- Total revenues: $788,321
- Total expenses: $826,097
- Staff: 2 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,107,011 | $17,447,105 | $17,518,095 |
| Revenue | $1,845,619 | $788,321 | $1,188,260 |
| Expenses | $1,182,377 | $826,097 | $1,241,425 |
| Qualifying Distributions | $1,096,114 | $765,309 | $1,134,290 |
| Net Investment Income | $1,785,055 | $727,510 | $1,127,769 |
| Distributable Amount | $1,032,656 | $930,311 | $953,812 |
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
226 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Orlando Science Center ($200,000), Instituto Nueva Escuela ($70,000), Warrior-scholar Project ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVARD MEDICAL SCHOOL BOSTON, MA | SCHOLARSHIPS | $5,000 |
| FISHER HOUSE FOUNDATION INC ROCKVILLE, MD | GENERAL OPERATING | $25,000 |
| PHILANTHROPY ROUNDTABLE WASHINGTON, DC | GENERAL OPERATING | $2,000 |
| THE SALVATION ARMY ALEXANDRIA, VA | GENERAL OPERATING | $40,000 |
| BOK TOWERS GARDENS LAKE WALES, FL | GENERAL OPERATING | $25,000 |
| GRACE MEDICAL HOME ORLANDO, FL | GENERAL OPERATING | $15,000 |
| FISHES & LOAVES FOOD Cashiers, NC | GENERAL OPERATING | $10,000 |
| CENTRAL FLORIDA PEDIATRIC THERAPY CLERMONT, FL | GENERAL OPERATING | $5,000 |
| ST MICHAELS ENDOWMENT TRUST FUND ORLANDO, FL | GENERAL OPERATING | $10,000 |
| HANMPTON PRESCHOOL & EARLY LEARNING CENTER BISHOP, CA | GENERAL OPERATING | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America N.A. serves as trustee of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL HUBBARD | BD OF MGRS | 2 | $5,000 |
| AMY C HUBBARD | PRESIDENT | 2 | $70,000 |
| LINDA C HUBBARD | BD OF MGRS | 2 | — |
| L EVANS HUBBARD | CHAIRMAN BD OF MGRS | 2 | — |
| BANK OF AMERICA N A | TRUSTEE | 2 | $117,059 |
Frequently Asked Questions
What does A Friends Foundation Trust fund?
The foundation supports private higher education, civic affairs, the arts, youth activities, religion, and health, with a primary geographic focus on central Florida.
How do I apply for a grant from A Friends Foundation Trust?
The foundation made 48 grants in 2023, with total giving of $591,600. Typical grant awards range from $1,000 to $200,000. Recent grantees include: • Orlando Science Center ($100,000 for general operating support) • Instituto Nueva Escuela ($40,000 for general operating support) • Boys and Girls Club of the Plateau ($25,000 for general operating support) The foundation primarily funds general operating purposes, scholarships, and general purposes.
Where does A Friends Foundation Trust make grants?
The foundation's grantmaking focuses primarily on Florida, North Carolina, and Puerto Rico.
What size grants does A Friends Foundation Trust award?
In 2024, A Friends Foundation Trust awarded 45 grants totaling $930K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is A Friends Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, A Friends Foundation Trust reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is A Friends Foundation Trust's EIN?
A Friends Foundation Trust's EIN (Employer Identification Number) is 59-6125247. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in A Friends Foundation Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.