Faraway Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $964K in total assets. In 2024, it awarded 5 grants totaling $47K. Net investment income was $51K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$964K
+1.7% YoY
Annual Giving
$47K
+2.6% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$9K
+2.6% YoY
Under IRS private-foundation payout rules, Faraway Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
About Faraway Foundation
Based on IRS filings
Faraway Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $964K in total assets. In 2024, it awarded 5 grants totaling $47K. Net investment income was $51K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $964,018 | $948,310 | $965,599 |
| Revenue | $79,904 | $40,901 | $13,936 |
| Expenses | $64,196 | $58,190 | $72,461 |
| Qualifying Distributions | $50,180 | $48,800 | $59,921 |
| Net Investment Income | $51,321 | $34,631 | $39,810 |
| Distributable Amount | $57,342 | $50,145 | $52,464 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Aidb Foundation ($9,336), Hand in Paw ($9,336), The Community Kitchens of Birmingham ($9,336).
| Recipient | Purpose | Amount |
|---|---|---|
| AIDB FOUNDATION TALLADEGA, AL | OPERATING SUPPORT OF ORGANIZATION | $9,336 |
| HAND IN PAW BIRMINGHAM, AL | OPERATING SUPPORT OF ORGANIZATION | $9,336 |
| THE COMMUNITY KITCHENS OF BIRMINGHAM BIRMINGHAM, AL | OPERATING SUPPORT OF ORGANIZATION | $9,336 |
| LAKESHORE FOUNDATION BIRMINGHAM, AL | SUPPORT OF OPERATION LIMA FOXTROT | $9,336 |
| THE EXCEPTIONAL FOUNDATION BIRMINGHAM, AL | OPERATING SUPPORT OF ORGANIZATION | $9,336 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MERRILL N BRADLEY | DIRECTOR | 0.5 | — |
| THOMAS LYONS BRADLEY | SECRETARY | 0.5 | — |
| MARY ALLEN BRADLEY | PRESIDENT | 0.5 | — |
| MERRILL N BRADLEY JR | TREASURER | 0.5 | — |
| JULIA R CULLIMORE | VICE PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Faraway Foundation?
Faraway Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $964K in total assets as of 2024.
How large is Faraway Foundation?
As of 2024, Faraway Foundation holds $964K in total assets with $80K in annual revenue. It awarded 5 grants totaling $47K in 2024.
Where does Faraway Foundation operate?
Faraway Foundation has awarded grants in Alabama.
What size grants does Faraway Foundation award?
In 2024, Faraway Foundation awarded 5 grants totaling $47K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Faraway Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Faraway Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Faraway Foundation's EIN?
Faraway Foundation's EIN (Employer Identification Number) is 26-1594922. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Faraway 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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