Farfy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA JOLLA, CA. IRS filing data is available from 2020 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.2M
+11.9% YoY
Annual Giving
$322K
+20.8% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$54K
+0.7% YoY
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.
About Farfy Foundation
Based on IRS filings
Farfy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA JOLLA, CA. IRS filing data is available from 2020 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.
Focus Areas
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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 | $7,217,630 | $6,449,866 | $5,144,118 |
| Revenue | $80,376 | $562,028 | $-229,365 |
| Expenses | $563,510 | $528,702 | $487,732 |
| Qualifying Distributions | $322,493 | $266,858 | $302,950 |
| Net Investment Income | $80,376 | $161,112 | $217 |
| Distributable Amount | $335,445 | — | $260,858 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include La Jolla Music Socienty ($104,000), Do Good Usa ($100,000), Scripps Research ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SCIENCE CLUB FOR GIRLS CAMBRIDGE, MA | TO ALLOW FOR THE EDUCATION OF UNDERPRIVELGED GIRLS | $29,142 |
| SCRIPPS RESEARCH LA JOLLA, CA | GRADUATE EDUCATION FOR MINORITY STUDENTS | $50,000 |
| THE MENLO SCHOOL ATHERTON, CA | TO ALLOW FOR THE EDUCATION OF UNDERPRIVILIGED GIRLS. | $6,500 |
| UCSD LA JOLLA, CA | GRADUATE EDUCATION FOR MINORITY STUDENTS | $32,851 |
| DO GOOD USA NEW YORK, NY | FEMALE ENTREPRENUERSHIP | $100,000 |
| LA JOLLA MUSIC SOCIENTY LA JOLLA, CA | MUSIC EDUCATION | $104,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LIQUN WANG | Executive Dir. | — | — |
| MARCO LONDEI | Director | 40 | $140,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Farfy Foundation?
Farfy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA JOLLA, CA. It holds $7.2M in total assets as of 2024.
How large is Farfy Foundation?
As of 2024, Farfy Foundation holds $7.2M in total assets with $80K in annual revenue. It awarded 6 grants totaling $322K in 2024.
Where does Farfy Foundation operate?
Farfy Foundation has awarded grants in California, Massachusetts, New York.
What size grants does Farfy Foundation award?
In 2024, Farfy Foundation awarded 6 grants totaling $322K — an average of about $54K per grant, based on its IRS Form 990 filings.
How much is Farfy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farfy Foundation reported a distributable amount of $335K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Farfy 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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