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.
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
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 |
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 include Eden Prairie Local News ($5,000), Epilepsy Foundation ($5,000), Natures Nursery ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 WOMEN STRONG ORLANDO, FL | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| ASCENSION CATHOLIC SCHOOL MINNEAPOLIS, MN | UNRESTRICTED OPERATING SUPPORT | $1,500 |
| CABLE NATURAL HISTORY MUSEUM CABLE, WI | UNRESTRICTED OPERATING SUPPORT | $1,000 |
| CHESTER FIRST AID SQUAD CHESTER, NJ | UNRESTRICTED OPERATING SUPPORT | $1,000 |
| CHESTER TOWNSHIP PBA LOCAL 315 CHESTER, NJ | UNRESTRICTED OPERATING SUPPORT | $500 |
| CHESTER VOLUNTEER FIRE COMPANY CHESTER, NJ | UNRESTRICTED OPERATING SUPPORT | $500 |
| CHILDRENS CANCER RESEARCH FUND BLOOMINGTON, MN | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| EDEN PRAIRIE LOCAL NEWS ST PAUL, MN | UNRESTRICTED OPERATING SUPPORT | $5,000 |
| ENVIRONMENTAL DEFENSE FUND WASHINGTON, DC | UNRESTRICTED OPERATING SUPPORT | $2,000 |
| EPILEPSY FOUNDATION BLOOMINGTON, MN | UNRESTRICTED OPERATING SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Farrell Family 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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