Fairbanks-horix Foundation

PITTSBURGH, PA EIN: 25-6084211

Fairbanks-horix Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $933K in total assets. In 2024, it awarded 9 grants totaling $40K. Net investment income was $410K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$933K

+64.2% YoY

Annual Giving

$40K

+2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

+2.6% YoY

Under IRS private-foundation payout rules, Fairbanks-horix Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.

About Fairbanks-horix Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $148K (78%)

Virginia $19K (10%)

New York $13K (7%)

Massachusetts $10K (5%)

States

Massachusetts New York Pennsylvania Virginia

Cities

DedhamElmiraIthacaMonroevillePittsburghWashingtonWinchester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$933,008	$568,220	$582,375
Revenue	$420,364	$37,937	$36,325
Expenses	$55,207	$52,039	$57,112
Qualifying Distributions	$45,083	$46,595	$50,170
Net Investment Income	$410,490	$32,299	$30,533
Distributable Amount	$42,498	$42,160	$43,523

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

43 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Pennsylvania Trolley Museum ($10,000), New Century Careers ($7,500), Community College of Allegheny County ($5,000).

Recipient	Purpose	Amount
FAMILY READING PARTNERSHIP ITHACA, NY	GENERAL SUPPORT	$1,000
LOAVES AND FISHES OF TOMPKINS ITHACA, NY	FREE MEAL PROGRAM	$1,000
COMMUNITY COLLEGE OF ALLEGHENY COUNTY PITTSBURGH, PA	FAIRBANKS-HORIX SCHOLARSHIP	$5,000
DUQUESNE UNIVERSITY OF THE PITTSBURGH, PA	GENERAL SUPPORT	$3,000
SHEPHERD'S HEART FELLOWSHIP PITTSBURGH, PA	EMERGENCY FUND FOR VETS	$5,000
NEW CENTURY CAREERS PITTSBURGH, PA	TECHNICAL TRAINING M2K	$7,500
PENNSYLVANIA TROLLEY MUSEUM WASHINGTON, PA	GENERAL SUPPORT	$10,000
FRIENDS OF THE PGH FISHER HOUSE PITTSBURGH, PA	FISHER HOUSE FOOD	$5,000
HIGHLAND FOOD PANTRY INC WINCHESTER, VA	MEN ON A MISSION PROGRAM	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK N A	TRUSTEE	3	$11,697
BRIAN FAIRBANKS	CO-TRUSTEE	1	—

Frequently Asked Questions

How large is Fairbanks-horix Foundation?

As of 2024, Fairbanks-horix Foundation holds $933K in total assets with $420K in annual revenue. It awarded 9 grants totaling $40K in 2024.

Where does Fairbanks-horix Foundation operate?

Fairbanks-horix Foundation has awarded grants in Massachusetts, New York, Pennsylvania, Virginia.

What size grants does Fairbanks-horix Foundation award?

In 2024, Fairbanks-horix Foundation awarded 9 grants totaling $40K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Fairbanks-horix Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fairbanks-horix Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.