Faith in the Future Foundation
Faith in the future is driven by a single goal: to make an excellent catholic education accessible to any family that wants it. We are committed to serving over 10,000 students in the 15 archodiocesan high schools and three schools of special education in the philadelphia region.
Faith in the Future Foundation at a glance
In short: Faith in the Future Foundation gave $899K across 1 grant in 2023 (avg $899K), mostly in Pennsylvania. Source: 2023 IRS Form 990.
- Annual giving (2023)
- $898,504
- -67.3% vs 2022
- Grants made (2023)
- 1
- -87.5% vs 2022
- Average grant
- $898,504
- +161.4% vs 2022
- Median grant
- $898,504
- Primary geography
- Pennsylvania (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990, 2023 View filing
Data from IRS Form 990, 2023; updated September 2026.
Who Faith in the Future Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Archdiocese of Philadelphia Office of Catholic Education High Schools ($899K).
Grant Size Distribution
30 grants across all recorded years
The most common grant size was in the $100–250K range: 9 grants of 30 (30%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Faith in the Future Foundation gives
- Giving fell 75% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $899K (2023) to $3.6M (2020). In 2023 it made 1 grant totaling $899K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Archdiocese of Philadelphia Office of Catholic Education High Schools Philadelphia, PA | General Support; Disbursement Upon Dissolution | $898,504 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2023 | — | $98,508 | $1,254,357 | $898,504 | 1 | $413 |
| 2022 | $3,966,818 | $3,416,936 | $4,797,643 | $2,749,448 | 8 | $-305 |
| 2021 | $5,374,972 | $2,363,136 | $4,377,626 | $3,338,065 | 7 | $116 |
| 2020 | $9,654,261 | $3,982,932 | $4,750,061 | $3,625,194 | 7 | $1,798 |
| 2019 | $9,110,032 | $2,722,529 | $4,140,737 | $3,073,811 | 7 | $4,611 |
About Faith in the Future Foundation
Based on IRS filings
Faith in the Future Foundation is a public charity focused on Education, based in Villanova, PA. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $899K. Net investment income was $413.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Faith in the Future Foundation is led by Irene Hannan, Chief Executive Officer on every filing since 2019; 1 of 23 officers listed in 2023 is compensated.
Officers on the 2023 filing
Irene Hannan
Chief Executive Officer
On filings since 2019
50 hrs/week
$135K (2019) → $317K (2023)
H. Edward Hanway
Chairman, President & Interim
Chairman, President & Interim CEO → Chairman, President & Interim, 2020
On filings since 2019
1 hr/week
No compensation reported
Bruce Robinson
Board Member
On filings since 2019
1 hr/week
No compensation reported
Dominic Frederico
Board Member
On filings since 2019
1 hr/week
No compensation reported
Donna Decarolis
Board Member
On filings since 2019
1 hr/week
No compensation reported
Harold Earley
Board Member
On filings since 2019
1 hr/week
No compensation reported
James Meehan
Board Member
On filings since 2019
1 hr/week
No compensation reported
James O'Brien
Board Member
On filings since 2019
1 hr/week
No compensation reported
Joanne Romano Guiniven
Board Member
On filings since 2019
1 hr/week
No compensation reported
Joseph Diangelo Jr.
Board Member
On filings since 2019
1 hr/week
No compensation reported
Judy Spires
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael J. Purcell
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael Mahoney
Board Member
On filings since 2019
1 hr/week
No compensation reported
Most Rev Michael J. Fitzgerald
Board Member
On filings since 2019
1 hr/week
No compensation reported
Paul Lima
Board Member
On filings since 2019
1 hr/week
No compensation reported
Sr Carroll Isselmann
Board Member
On filings since 2019
1 hr/week
No compensation reported
Stanley Silverman
Board Member
On filings since 2019
1 hr/week
No compensation reported
Stephen Zarrilli
Board Member
On filings since 2019
1 hr/week
No compensation reported
Thomas Gallagher
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael Bantom
Board Member
On filings since 2021
1 hr/week
No compensation reported
Patricia McGuire
Board Member
On filings since 2021
1 hr/week
No compensation reported
Robert Woods
Board Member
On filings since 2021
1 hr/week
No compensation reported
Gerald Maginnis
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (7)
- Former: Patricia Voigt (2020–2022) — Chief Development Officer
- Former: Jerry Maginnis (2019–2021) — Board Member
- Former: Kevin Dowd (2019–2021) — Board Member
- Former: Michael Paul Kennedy (2019–2021) — Board Member
- Former: Dan Keating III (2019–2020) — Board Member
- Former: Daniel Wagner (2019–2020) — Board Member
- Former: Robert Cahill (2019–2020) — Board Member
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $317K, to Irene Hannan (Chief Executive Officer).
Frequently asked questions about Faith in the Future Foundation
How much does Faith in the Future Foundation give each year?
Faith in the Future Foundation gave $899K across 1 grant in 2023, according to its 2023 IRS Form 990. In 2022 it gave $2.7M across 8 grants.
What is Faith in the Future Foundation?
Faith in the Future Foundation is a public charity focused on Education, based in Villanova, PA.
Where does Faith in the Future Foundation operate?
Faith in the Future Foundation has awarded grants in Pennsylvania.
What is Faith in the Future Foundation's EIN?
Faith in the Future Foundation's EIN (Employer Identification Number) is 45-5064611. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 15, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS December 13, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 19, 2023)
- IRS filings on file for fiscal years 2019–2023
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