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
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
No grants recorded for .
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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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