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
Ready to take the next step with Best Friends Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Trinity Washington University ($5,805), North Carolina At&t University ($4,000), Harrisburg University ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA A&M UNIVERISTY NORMAL, AL | SCHOLARSHIP FOR ALCIA BANGURA | $1,000 |
| HARRISBURG UNIVERSITY HARRISBURG, PA | SCHOLARSHIP FOR OKIKIOLA AJANA ADEGBORO | $2,000 |
| KENT STATE UNIVERSITY KENT, OH | SCHOLARSHIP FOR SOROCHI EWELIKE AND KYRA BLACK | $2,000 |
| MARSHALL UNIVERSITY HUNTINGTON, WV | SCHOLARSHIP FOR KYRESE JENKINS | $1,000 |
| MERCY COLLEGE DOBBS FERRY, NY | SCHOLARSHIP FOR KENYON SIMMS | $1,000 |
| MONTGOMERY COLLEGE ROCKVILLE, MD | SCHOLARSHIP FOR CHRISTOPHER VASQUEZ | $1,000 |
| MOREHOUSE COLLEGE ATLANTA, GA | SCHOLARSHIP FOR TERREL WEBSTER | $1,000 |
| MORGAN STATE UNIVERSITY BALTIMORE, MD | SCHOLARSHIP FOR DAWNTAY BYNUM AND MEKAYLA ELLERBE | $2,000 |
| NORTH CAROLINA AT&T UNIVERSITY GREENSBORO, NC | SCHOLARSHIP FOR FAJR KELLY, GABRIELLE JOHNSON, TEHILAH TAH AND RONALD WILLIS | $4,000 |
| NORTH CAROLINA CENTRAL UNIVERSITY DURHAM, NC | SCHOLARSHIP FOR ROSHAWNDA GONGS AND KEYAAN JETER, | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELAYNE G BENNETT MED | FOUNDER/PRESIDENT | 40 | $96,000 |
| CURTIS ADAMS MD | DIRECTOR | 1 | — |
| MARY MALPHRUS MBA | DIRECTOR | 3 | — |
| MARTHA KENDRICK JD | DIRECTOR | 2 | — |
| TIMOTHY OVERCASH CPA | DIRECTOR | 3 | — |
| VICKI TIAHRT | DIRECTOR | 1 | — |
| BRIDGET OVERCASH | DIRECTOR | 2 | — |
| ROSEMARY STEIN MD | DIRECTOR | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Best Friends Foundation?
Best Friends Foundation is a private foundation focused on Education, based in WASHINGTON, DC. It holds $568K in total assets as of 2023.
How large is Best Friends Foundation?
As of 2023, Best Friends Foundation holds $568K in total assets with $1.1M in annual revenue. It awarded 19 grants totaling $32K in 2023.
Where does Best Friends Foundation operate?
Best Friends Foundation has awarded grants in Alabama, Colorado, District of Columbia, Georgia, Maryland, North Carolina, New York, Ohio, Pennsylvania, Utah, Virginia, West Virginia.
What size grants does Best Friends Foundation award?
In 2023, Best Friends Foundation awarded 19 grants totaling $32K — an average of about $2K per grant, based on its IRS Form 990 filings.
What is Best Friends Foundation's EIN?
Best Friends Foundation's EIN (Employer Identification Number) is 52-1844471. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Best Friends Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Demand Justice Initiative
WASHINGTON, DC
Assets
$7.6M
Grants
1
Total Given
$225K
American Academic Leadership Institute
WASHINGTON, DC
Assets
$3.6M
Grants
2
Total Given
$50K
Cnfa
WASHINGTON, DC
Assets
$18.3M
Grants
9
Total Given
$4.2M
Partnership for a Healthier America
WASHINGTON, DC
Assets
$10.8M
Grants
12
Total Given
$350K
Association of Schools of Allied Health
WASHINGTON, DC
Assets
$2.3M
Grants
2
Total Given
$60K
Fulcrum Foundation Inc
WASHINGTON, DC
Assets
$53K
Grants
10
Total Given
$13K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Best Friends Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Best Friends Foundation to a real strategy.