Farfy Foundation
Farfy Foundation is a private foundation, based in La Jolla, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 6 grants totaling $322K. Net investment income was $80K.
Farfy Foundation at a glance
In short: Farfy Foundation gave $322K across 6 grants in 2024 (avg $54K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $322,493
- +20.8% vs 2023
- Grants made (2024)
- 6
- +20.0% vs 2023
- Average grant
- $53,749
- +0.7% vs 2023
- Median grant
- $41,426
- Total assets
- $7,217,630
- +11.9% vs 2023
- Primary geography
- California (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Farfy Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Scripps Research ($50K).
Organizations only. It also paid 5 grants to individuals ($272,493), which are not listed by name.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 15 grants of 24 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Farfy Foundation gives
- Giving grew 130% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $80K (2020) to $322K (2024). In 2024 it made 6 grants totaling $322K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 5 grants to individuals Recipients not named | — | $272,493 |
| Scripps Research La Jolla, CA | Graduate Education for Minority Students | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,217,630 | $80,376 | $563,510 | $322,493 | 6 | $322,493 | $80,376 | $335,445 |
| 2023 | $6,449,866 | $562,028 | $528,702 | $266,858 | 5 | $266,858 | $161,112 | — |
| 2022 | $5,144,118 | $-229,365 | $487,732 | $302,950 | 7 | $302,950 | $217 | $260,858 |
| 2021 | $7,117,142 | $555,223 | $179,644 | $140,000 | 4 | $140,000 | $503,118 | $311,456 |
| 2020 | $5,971,798 | $-294,960 | $188,394 | $80,000 | 2 | — | $114,999 | $211,494 |
| 2019 | $6,034,498 | $547,976 | $29,043 | — | — | — | $134,975 | — |
Under IRS private-foundation payout rules, Farfy Foundation reported a distributable amount of $335K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Farfy Foundation is led by Liqun Wang, Executive Director on every filing since 2019; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Liqun Wang
Executive Director
On filings since 2019
No compensation reported
Marco Londei
Director
On filings since 2019
40 hrs/week
$105K (2022) → $140K (2024)
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $140K, to Marco Londei (Director).
Frequently asked questions about Farfy Foundation
How much does Farfy Foundation give each year?
Farfy Foundation gave $322K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $267K across 5 grants.
What is Farfy Foundation's typical grant size?
Farfy Foundation's median grant in 2024 was $41,426, and its average grant was $53,749, across 6 grants on its 2024 IRS Form 990-PF.
Where does Farfy Foundation give grants?
Farfy Foundation gives mostly in California: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (31%) and Massachusetts (9%).
Does Farfy Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Farfy Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Farfy Foundation?
Farfy Foundation reported $7.2M in total assets on its 2024 IRS Form 990-PF. It paid out $322K in qualifying distributions that year, against a required minimum of $335K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Farfy Foundation's EIN?
Farfy Foundation's EIN (Employer Identification Number) is 83-2432751. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Farfy Foundation funds
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