Fairfield Foundation
Fairfield Foundation is a private foundation, based in FARMERSVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210K in total assets. In 2024, it awarded 10 grants totaling $87K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$210K
-17.8% YoY
Annual Giving
$87K
+191.6% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$9K
+104.1% YoY
Under IRS private-foundation payout rules, Fairfield Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Fairfield Foundation
Based on IRS filings
Fairfield Foundation is a private foundation, based in FARMERSVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210K in total assets. In 2024, it awarded 10 grants totaling $87K. Net investment income was $17K.
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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 | $209,947 | $255,458 | $272,451 |
| Revenue | $22,047 | $14,944 | $17,541 |
| Expenses | $89,380 | $31,937 | $54,577 |
| Qualifying Distributions | $88,258 | $30,807 | $53,367 |
| Net Investment Income | $17,264 | $16,621 | $16,331 |
| Distributable Amount | $33,149 | $29,055 | $30,940 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northeast Illinois Council of BSA ($25,662), Hooker Ranch Equine Refuge ($15,000), Winnetka Congretational Church ($12,309).
| Recipient | Purpose | Amount |
|---|---|---|
| HOUSING OPPORTUNITY DEVELOPMENT COR SKOKIE, IL | GENERAL FUND | $5,000 |
| NEW LIFE BAPTIST CHURCH OF CHICAGO CHICAGO, IL | GENERAL FUND | $7,000 |
| Northeast Illinois Council of BSA Vernon Hills, IL | GENERAL FUND | $25,662 |
| Rett Syndrome Research Trust Trumbull, CT | GENERAL FUND | $10,000 |
| OPPORTUNITY INTERNATIONAL CHICAGO, IL | GENERAL FUND | $2,500 |
| RISE INTERNATIONAL WINNETKA, IL | GENERAL FUND | $2,500 |
| HOOKER RANCH EQUINE REFUGE WINNSBORO, TX | GENERAL FUND | $15,000 |
| CASA FOR HUNT COUNTY GREENVILLE, TX | GENERAL FUND | $5,000 |
| WINNETKA CONGRETATIONAL CHURCH WINNETKA, IL | GENERAL FUND | $12,309 |
| Northeast Illinois Council of BSA VERNON HILLS, IL | GENERAL FUND | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM SHOLTEN | SEC/TRES/TRUSTE | — | — |
| KATHERINE S POWELL | Trustee | — | — |
| LUCY G KIMBROUGH | V-P/TRUSTEE | — | — |
| LESLIE K SHOLTEN | PRES/TRUSTEE | — | — |
| JOANNA S WALLANDER | Trustee | — | — |
| WILLIAM ARCH SHOLTEN | Trustee | — | — |
Frequently Asked Questions
How large is Fairfield Foundation?
As of 2024, Fairfield Foundation holds $210K in total assets with $22K in annual revenue. It awarded 10 grants totaling $87K in 2024.
Where does Fairfield Foundation operate?
Fairfield Foundation has awarded grants in Connecticut, Illinois, Texas, Wisconsin.
What size grants does Fairfield Foundation award?
In 2024, Fairfield Foundation awarded 10 grants totaling $87K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Fairfield Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fairfield Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fairfield Foundation's EIN?
Fairfield Foundation's EIN (Employer Identification Number) is 75-1746196. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fairfield 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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