A Friends Foundation Trust
A Friends Foundation Trust is a private foundation based in Pennington, New Jersey. Its 2025 filing states that awards must be used for health, education, religion, or youth activities.
A Friends Foundation Trust at a glance
In short: A Friends Foundation Trust gave $874K across 54 grants in 2025 (avg $16K), top state North Carolina. 26% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $874,000
- -6.0% vs 2024
- Grants made (2025)
- 54
- +20.0% vs 2024
- Average grant
- $16,185
- -21.7% vs 2024
- Median grant
- $10,000
- Total assets
- $20,091,192
- +11.0% vs 2024
- New grantees (estimate)
- 26% first-time grantees (14 of 54, 2025)
- Primary geography
- North Carolina (28% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to A Friends Foundation Trust
- How to Apply
-
Submit a letter of request to Amy C Hubbard. The filing lists no deadline.
- Contact
Application contact: Amy C Hubbard
Mailing address: 1362 Ave Magdalena Apt 107, San Juan, PR 00907
Phone: (212) 852-3049
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who A Friends Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Boys and Girls Club of Puerto Rico ($80K). Together the top 10 received $412K.
Grant Size Distribution
232 grants across all recorded years
The most common grant size was under $50K: 219 grants of 232 (94%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in North Carolina (28%), Florida (22%), and Puerto Rico (19%). Georgia and the District of Columbia each accounted for 6%. The listed grants also included recipients in other states.
Grant Distribution by State
Share of 2025 grant dollars across all 54 itemized grants.
States
Cities
Is A Friends Foundation Trust open to new grantees?
26%
first-time grantees, 2025
In 2025, 14 of 54 grantees (26%) were first-time recipients. First grants averaged $9K; repeat grants $19K. How we count
Medians: $10K first-time, $15K repeat.
- 70% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $592K (2023) to $960K (2022). In 2025 it made 54 grants totaling $874K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of Puerto Rico San Juan, PR | Unrestricted General | $80,000 |
| Instituto Nueva Escuela San Juan, PR | Unrestricted General | $55,000 |
| Warrior-Scholar Project Washington, DC | Unrestricted General | $50,000 |
| Rabun Gapnacoochee School Rabun Gap, GA | Unrestricted General | $50,000 |
| The Salvation Army Alexandria, VA | Unrestricted General | $40,000 |
| Palm Lake Elementary School Orlando, FL | Unrestricted General | $32,000 |
| Clemson University Clemson, SC | Unrestricted General | $30,000 |
| Fisher House Foundation Inc Rockville, MD | Unrestricted General | $25,000 |
| Boys & Girls Club of the Plateau Cashiers, NC | Unrestricted General | $25,000 |
| Highlands Biological Foundation Highlands, NC | Unrestricted General | $25,000 |
Ready to take the next step with A Friends Foundation Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $20,091,192 | $3,009,707 | $1,104,146 | $874,000 | 54 | $974,137 | $2,898,863 | $1,090,965 |
| 2024 | $18,107,011 | $1,845,619 | $1,182,377 | $929,590 | 45 | $1,096,114 | $1,785,055 | $1,032,656 |
| 2023 | $17,447,105 | $788,321 | $826,097 | $591,600 | 38 | $765,309 | $727,510 | $930,311 |
| 2022 | $17,518,095 | $1,188,260 | $1,241,425 | $960,150 | 45 | $1,134,290 | $1,127,769 | $953,812 |
| 2021 | $17,581,627 | $2,371,199 | $937,109 | $732,250 | 50 | $873,322 | $2,302,769 | $1,049,517 |
| 2020 | $16,105,044 | $299,768 | $892,068 | $719,699 | 48 | — | $396,201 | $883,609 |
Under IRS private-foundation payout rules, A Friends Foundation Trust reported a distributable amount of $1.1M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 filing lists health, education, religion, and youth activities as the permitted purposes for awards.
Grantees’ own descriptions show the range of organizations supported. Instituto Nueva Escuela says it serves communities in Puerto Rico through public Montessori education. Rabun Gap-Nacoochee School says it prepares young people for college, careers, leadership, and service. Grace Medical Home describes its work as providing health care to people in its community who need it most. The Orlando Science Center says its mission is to inspire science learning for life.
Grantmaking
In filing year 2025, the foundation made 54 grants totaling $874,000. Grants ranged from $1,500 to $80,000, with a median grant of $10,000. The largest listed awards included $80,000 to Boys and Girls Club of Puerto Rico, $55,000 to Instituto Nueva Escuela, $50,000 each to Warrior-Scholar Project and Rabun Gap-Nacoochee School, and $40,000 to The Salvation Army. The listed purposes for these grants were unrestricted general support.
The foundation’s 2025 filing says it does not restrict giving to preselected organizations. It instructs applicants to submit a letter of request to Amy C Hubbard. Awards are restricted to health, education, religion, or youth activities.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Amy C Hubbard as president; L Evans Hubbard as chairman of the board of managers; Michael Hubbard, Linda C Hubbard, and Ben Stewart as members of the board of managers; and Bank of America N.A. as trustee.
A Friends Foundation Trust is led by Amy C. Hubbard, President on every filing since 2020; all 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Amy C. Hubbard
President
On filings since 2020
2 hrs/week
$30K (2020) → $24K (2025)
L. Evans Hubbard
Chairman Board of Mgrs
On filings since 2020
2 hrs/week
$7K (2025)
Bank Of America N A
Trustee
On filings since 2020
2 hrs/week
$105K (2020) → $123K (2025)
Linda C. Hubbard
Board of Mgrs
On filings since 2020
2 hrs/week
$1K (2025)
Michael Hubbard
Board of Mgrs
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2025)
Ben Stewart
Board of Mgrs
New on the 2025 filing
2 hrs/week
$5K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $123K, to Bank of America N a (Trustee). 6 officers or directors reported compensation on that filing.
Frequently asked questions about A Friends Foundation Trust
How much does A Friends Foundation Trust give each year?
A Friends Foundation Trust gave $874K across 54 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $930K across 45 grants.
What is A Friends Foundation Trust's typical grant size?
A Friends Foundation Trust's median grant in 2025 was $10,000, and its average grant was $16,185, across 54 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from A Friends Foundation Trust that year got $9K on average.
Where does A Friends Foundation Trust give grants?
A Friends Foundation Trust's top state is North Carolina, with 28% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (22%) and Puerto Rico (19%). The most frequent recipient cities were Cashiers, NC (11 grants), Orlando, FL (7 grants), San Juan, PR (4 grants) and Highlands, NC (3 grants).
Does A Friends Foundation Trust give general operating support?
Yes: 100% of A Friends Foundation Trust's 2025 grants with a stated purpose (54 of 54) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are A Friends Foundation Trust's largest grantees?
A Friends Foundation Trust's largest 2025 grantees include Boys and Girls Club of Puerto Rico ($80,000), Instituto Nueva Escuela ($55,000) and Warrior-Scholar Project ($50,000), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is A Friends Foundation Trust?
A Friends Foundation Trust reported $20.1M in total assets on its 2025 IRS Form 990-PF. It paid out $974K in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does A Friends Foundation Trust fund?
No mission statement for the foundation is provided. Its 2025 filing lists health, education, religion, and youth activities as the permitted purposes for awards. See mission & focus areas ↑
How do I apply for a grant from A Friends Foundation Trust?
Submit a letter of request to Amy C Hubbard. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
Explore Open Grants
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Cite this profile
Grantable. (2026). A Friends Foundation Trust funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/a-friends-foundation-trust-morg_69b85b278aa242b4bfdb5df38a4d6281
BibTeX
@misc{grantable_596125247_2026,
author = {{Grantable}},
title = {{A Friends Foundation Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/a-friends-foundation-trust-morg_69b85b278aa242b4bfdb5df38a4d6281},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from A Friends Foundation Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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