Farrell Family Foundation
Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Eden Prairie, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 29 grants totaling $44K. Net investment income was $42K.
Key facts about Farrell Family Foundation
- EIN
- 59-3671115
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $44,200
- Grants made (2024)
- 29
- Average grant
- $1,524
- Median grant
- $1,000
- New grantees (estimate)
- 29% first-time grantees (8 of 28, 2024)
- Total assets
- $861,174
- Primary geography
- Minnesota (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Farrell Family Foundation funds
By grant dollars, the top recipient states for Farrell Family Foundation's 29 itemized 2024 grants were Minnesota (42%), Ohio (14%) and New Jersey (12%). The most frequent recipient cities were Chester, NJ (5 grants), Washington, DC (3 grants), Minneapolis, MN (3 grants) and Eden Prairie, MN (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is Farrell Family Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 8 of 28 grantees (29%) were first-time recipients. First grants averaged $2K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 68% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Farrell Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$861K
+8.0% YoY
Annual Giving
$44K
+46.8% YoY
Grant Count
29
+31.8% YoY
Avg Grant Size
$2K
+11.4% YoY
Under IRS private-foundation payout rules, Farrell Family Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Farrell Family Foundation
Based on IRS filings
Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Eden Prairie, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 29 grants totaling $44K. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 29 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $861,174 | $797,303 | $720,500 |
| Revenue | $59,765 | $28,293 | $17,858 |
| Expenses | $65,063 | $45,097 | $56,862 |
| Qualifying Distributions | $47,300 | $30,100 | $39,875 |
| Net Investment Income | $42,002 | $515 | — |
| Distributable Amount | $40,256 | $37,369 | $39,681 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
126 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Eden Prairie Local News ($5,000), Epilepsy Foundation ($5,000), Natures Nursery ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EDEN PRAIRIE LOCAL NEWS St Paul, MN | UNRESTRICTED OPERATING SUPPORT | $5,000 |
| EPILEPSY FOUNDATION Bloomington, MN | UNRESTRICTED OPERATING SUPPORT | $5,000 |
| NATURES NURSERY Whitehouse, OH | UNRESTRICTED OPERATING SUPPORT | $5,000 |
| 100 WOMEN STRONG Orlando, FL | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| CHILDRENS CANCER RESEARCH FUND Bloomington, MN | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| ENVIRONMENTAL DEFENSE FUND Washington, DC | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| PLANNED PARENTHOOD Washington, DC | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| RIVERKEEPER INC Ossining, NY | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| SPIDER CHAIN OF LAKES ASSOCIATION Hayward, WI | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| ASCENSION CATHOLIC SCHOOL Minneapolis, MN | UNRESTRICTED OPERATING SUPPORT | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frank S Farrell Jr | Director | — | — |
| Mary Jane Rasmussen | Director | — | — |
| Alfred C Farrell | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Farrell Family Foundation?
Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Eden Prairie, MN. It holds $861K in total assets as of 2024.
How large is Farrell Family Foundation?
As of 2024, Farrell Family Foundation holds $861K in total assets with $60K in annual revenue. It awarded 29 grants totaling $44K in 2024.
Where does Farrell Family Foundation operate?
Farrell Family Foundation has awarded grants in California, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Minnesota, New Jersey, New York, Ohio, Tennessee, Wisconsin.
What size grants does Farrell Family Foundation award?
In 2024, Farrell Family Foundation awarded 29 grants totaling $44K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Farrell Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farrell Family Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Farrell Family Foundation's EIN?
Farrell Family Foundation's EIN (Employer Identification Number) is 59-3671115. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.