Close Friend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $516K in total assets. In 2024, it awarded 4 grants totaling $51K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$516K
-7.8% YoY
Annual Giving
$51K
+725.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$13K
+519.4% YoY
Under IRS private-foundation payout rules, Close Friend Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Close Friend Foundation
Based on IRS filings
Close Friend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $516K in total assets. In 2024, it awarded 4 grants totaling $51K. Net investment income was $16K.
Focus Areas
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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 | $516,305 | $559,949 | $553,796 |
| Revenue | $16,164 | $21,550 | $49,469 |
| Expenses | $60,026 | $14,732 | $18,800 |
| Qualifying Distributions | $59,766 | $12,379 | $17,007 |
| Net Investment Income | $15,942 | $14,594 | $45,891 |
| Distributable Amount | $26,040 | $23,865 | $20,796 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Audubon Florida ($40,000), Lee Mem Health System Fdn ($10,000), Collier Community Foundation ($1,100).
| Recipient | Purpose | Amount |
|---|---|---|
| COLLIER COMMUNITY FOUNDATION NAPLES, FL | SUPPORT FOR SOCIAL SERVICES | $1,100 |
| HIGH COUNTRY BREAST CANCER FDN BLOWING ROCK, NC | SUPPORT FOR MEDICAL RESEARCH | $100 |
| AUDUBON FLORIDA MIAMI, FL | PRESERVE SANCTUARY | $40,000 |
| LEE MEM HEALTH SYSTEM FDN FORT MYERS, FL | SUPPORT FOR KIDS MINDS MATTER | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN P HOWARD | TRUSTEE | 2 | — |
| MARTHA HOWARD | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Close Friend Foundation?
Close Friend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. It holds $516K in total assets as of 2024.
How large is Close Friend Foundation?
As of 2024, Close Friend Foundation holds $516K in total assets with $16K in annual revenue. It awarded 4 grants totaling $51K in 2024.
Where does Close Friend Foundation operate?
Close Friend Foundation has awarded grants in Florida, Illinois, North Carolina.
What size grants does Close Friend Foundation award?
In 2024, Close Friend Foundation awarded 4 grants totaling $51K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Close Friend Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Close Friend Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Close Friend Foundation's EIN?
Close Friend Foundation's EIN (Employer Identification Number) is 37-6438016. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Close Friend Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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