Best Friends Foundation

WASHINGTON, DC EIN: 52-1844471

Best Friends Foundation is a private foundation focused on Education, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $568K in total assets. In 2023, it awarded 19 grants totaling $32K. Net investment income was $26.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$568K

+201.2% YoY

Annual Giving

$32K

+87.1% YoY

Grant Count

19

+35.7% YoY

Avg Grant Size

$2K

+37.9% YoY

About Best Friends Foundation

Based on IRS filings

Best Friends Foundation is a private foundation focused on Education, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $568K in total assets. In 2023, it awarded 19 grants totaling $32K. Net investment income was $26.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

12states
+4 more states

Cities

AtlantaBaltimoreBuffaloCollege ParkCumberlandDenverDobbs FerryDurhamFayettevilleGreensboroHarrisburgHuntingtonKentLargoLincoln UnivesityNew YorkNorfolkNormalPhiladelphiaProvo

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$294K$588K$882K$1M2020202120222023
Metric202320222021
Total Assets$568,439$188,750$152,807
Revenue$1,069,511$707,252$659,336
Expenses$687,530$651,075$652,481
Qualifying Distributions$31,805
Net Investment Income$26$12
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$13K$25K$38K$50K0 grants202025 grants202114 grants202219 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

TRINITY WASHINGTON UNIVE…$6KNORTH CAROLINA AT&T UNIV…$4KHARRISBURG UNIVERSITY$2KKENT STATE UNIVERSITY$2KMORGAN STATE UNIVERSITY$2KNORTH CAROLINA CENTRAL U…$2KOLD DOMINION UNIVERSITY$2KALABAMA A&M UNIVERISTY$1KMARSHALL UNIVERSITY$1KMERCY COLLEGE$1K

Grant Size Distribution

58 grants across all recorded years

58<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

ELAYNE G BENNETT MEDFOUNDER/PRESIDENT$96K

From 2023 filing

NameTitleHoursCompensation
ELAYNE G BENNETT MEDFOUNDER/PRESIDENT40$96,000
CURTIS ADAMS MDDIRECTOR1
MARY MALPHRUS MBADIRECTOR3
MARTHA KENDRICK JDDIRECTOR2
TIMOTHY OVERCASH CPADIRECTOR3
VICKI TIAHRTDIRECTOR1
BRIDGET OVERCASHDIRECTOR2
ROSEMARY STEIN MDDIRECTOR3

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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