Black Farmer Fund Inc
THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.5M
+41.7% YoY
Annual Giving
$2.3M
+1154.6% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$377K
+945.5% YoY
About Black Farmer Fund Inc
Based on IRS filings
Black Farmer Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26.5M in total assets. In 2024, it awarded 6 grants totaling $2.3M. Net investment income was $743K.
Focus Areas
Ready to take the next step with Black Farmer Fund Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,511,647 | $18,705,526 | $6,823,672 |
| Revenue | $12,437,329 | $5,830,704 | $5,574,978 |
| Expenses | $5,573,984 | $2,346,938 | $1,764,609 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $743,456 | $164,745 | $12,684 |
| 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 6 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Edenesque ($650,000), Paradise Express Ferry ($625,000), Sweetwater Holdings ($400,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SWEETWATER HOLDINGS WINCHESTER, NY | BFF2.0 GRANTS | $400,000 |
| NOURRIR DRINKS BRONX, NY | BFF2.0 GRANTS | $250,000 |
| EDENESQUE BUFFALO, NY | BFF 2.0 GRANTS | $650,000 |
| PARADISE EXPRESS FERRY NEW YORK, NY | BFF2.0 GRANTS | $625,000 |
| BROOKLYN PACKERS BROOKLYN, NY | BFF2.0 GRANTS | $147,000 |
| GLOBAL VILLAGE FOODS HARTFORD, VT | BFF 2.0 GRANTS | $187,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RHYSTON MAYS | BOARD MEMBER | 1 | — |
| KAREN WASHINGTON | CHAIR | 1 | — |
| OLIVIA WATKINS | CO-EXECUTIVE DIRECTOR / TREASURER | 40 | $142,058 |
| ONIKA ABRAHAM | SECRETARY | 1 | — |
| MAKAELIA DAVIS | BOARD DIRECTOR | 1 | — |
| MELANIE ALLEN | CO-EXECUTIVE DIRECTOR | 40 | $119,694 |
| RIBKA GETACHEW | BOARD MEMBER | 1 | — |
| VICTORIA VAN AMSON | BOARD MEMBER | 1 | — |
| JANET GUMBS | FINANCE DIRECTOR | 40 | $100,417 |
| CHARLES WADE | INVESTMENT DIRECTOR | 40 | $167,931 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Black Farmer Fund Inc?
Black Farmer Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. It holds $26.5M in total assets as of 2024.
How large is Black Farmer Fund Inc?
As of 2024, Black Farmer Fund Inc holds $26.5M in total assets with $12.4M in annual revenue. It awarded 6 grants totaling $2.3M in 2024.
Where does Black Farmer Fund Inc operate?
Black Farmer Fund Inc has awarded grants in Connecticut, Massachusetts, Maine, New Jersey, New York, Pennsylvania, Vermont.
What size grants does Black Farmer Fund Inc award?
In 2024, Black Farmer Fund Inc awarded 6 grants totaling $2.3M — an average of about $377K per grant, based on its IRS Form 990 filings.
What is Black Farmer Fund Inc's EIN?
Black Farmer Fund Inc's EIN (Employer Identification Number) is 84-2310349. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Black Farmer Fund Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Black Farmer Fund Inc 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 Black Farmer Fund Inc to a real strategy.