The Fain Family Foundation is a private 501(c)(3) foundation based in Coral Gables, Florida. Established in 2018, it operates as a grantmaking foundation focused on supporting educational, philanthropic, and human services initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-19.6% YoY
Annual Giving
$1.5M
-67.7% YoY
Grant Count
55
-8.3% YoY
Avg Grant Size
$28K
-64.7% YoY
Under IRS private-foundation payout rules, Fain Family Foundation reported a distributable amount of $526K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Environmental Education
Grantmaking
The foundation made 62 grants in 2023, with total giving of $1,547,609. Notable recent grants include:
Grant Range
Typical award amounts range from $100 to $2,971,218.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Florida
- New York
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
| Metric | Amount |
|---|---|
| Total Assets | $2,892,807 |
| Total Revenues | $1,316,856 |
| Total Expenses | $4,819,978 |
| Total Liabilities | $0 |
Revenue Breakdown (2023):
- Grants and contributions: $702,006
- Investment income and dividends: $46,844
- Net gain from sale of non-inventory assets: $568,006
The foundation's expenses exceeded revenues in 2023, reflecting significant grant distributions relative to incoming contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,324,652 | $2,892,807 | $4,165,340 |
| Revenue | $1,013,021 | $1,316,856 | $2,769,768 |
| Expenses | $1,581,176 | $4,819,978 | $1,314,280 |
| Qualifying Distributions | $1,554,833 | $4,795,180 | $1,290,010 |
| Net Investment Income | $986,170 | $590,052 | $790,624 |
| Distributable Amount | $525,835 | $401,518 | $342,291 |
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 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Escuela Bilingue International ($150,000), Northwestern University Fiedler Hillel ($125,000), Birthright Israel Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHIEVE MIAMI INC MIAMI, FL | GENERAL PURPOSE | $50,000 |
| AMERICAN JEWISH COMMITTEE NEW YORK, NY | GENERAL PURPOSE | $68,346 |
| APPALACHIAN REGIONAL HEALTHCARE FUNDATION BOONE, NC | GENERAL PURPOSE | $25,000 |
| ART OMI GHENT, NY | GENERAL PURPOSE | $11,000 |
| BERKELEY ATHLETIC FUND BERKELEY, CA | GENERAL PURPOSE | $2,000 |
| BERKELEY HILLEL BERKELEY, CA | GENERAL PURPOSE | $10,000 |
| BIRTHRIGHT ISRAEL FOUNDATION NEW YORK, NY | GENERAL PURPOSE | $100,000 |
| BLUE RIDGE CONSERVANCY BOONE, NC | GENERAL PURPOSE | $2,500 |
| BREAKTHROUGH MIAMI MIAMI, FL | GENERAL PURPOSE | $5,000 |
| CAMP CATANESE PHOENIX, AZ | GENERAL PURPOSE | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD D FAIN | PRESIDENT & TREASURER | 1 | — |
| COLLEEN J FAIN | PRESIDENT & TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Fain Family Foundation fund?
The foundation's primary funding priorities include: • **Education** • **Philanthropy, Voluntarism & Grantmaking** • **Human Services** • **Environmental Education**
How do I apply for a grant from Fain Family Foundation?
The foundation made 62 grants in 2023, with total giving of $1,547,609. Notable recent grants include: | Grantee | Amount | Year | |---------|--------|------| | University of Miami | $811,402 | 2023 | | Fairchild Tropical Botanic Garden | $65,000 | 2023 | | Pardes Institute of Jewish Studies North America | $56,000 | 2023 | Typical award amounts range from $100 to $2,971,218.
Where does Fain Family Foundation make grants?
The foundation primarily funds organizations in: • **Florida** • **New York** • **California**
What size grants does Fain Family Foundation award?
In 2024, Fain Family Foundation awarded 55 grants totaling $1.5M — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Fain Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fain Family Foundation reported a distributable amount of $526K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fain Family Foundation's EIN?
Fain Family Foundation's EIN (Employer Identification Number) is 82-3569866. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fain Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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