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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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