Farris Family Foundation
Farris Family Foundation is a private foundation, based in Jackson, TN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 5 grants totaling $50K. Net investment income was $90K.
Farris Family Foundation at a glance
In short: Farris Family Foundation gave $50K across 5 grants in 2024 (avg $10K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $49,800
- +71.7% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $9,960
- +37.4% vs 2023
- Median grant
- $5,000
- Total assets
- $1,026,046
- +49.5% vs 2023
- Primary geography
- Tennessee (100% 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 Farris Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was The Jackson Symphony ($25K). Together the top 5 received $50K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Farris Family Foundation gives
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). 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 2023 to 2024, annual grant giving ranged from $29K (2023) to $50K (2024). In 2024 it made 5 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Jackson Symphony Jackson, TN | Operations | $25,300 |
| The Dream Center Jackson, TN | Capital Campaign | $16,400 |
| University School of Jackson Jackson, TN | Operations | $5,000 |
| The Peyton Project Iinc Knoxville, TN | Operations | $3,000 |
| United Way of West Tennessee Jackson, TN | Unrestricted | $100 |
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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 | $1,026,046 | $389,858 | $50,255 | $49,800 | 5 | $49,800 | $89,858 | $49,667 |
| 2023 | $686,443 | $215,562 | $29,119 | $29,000 | 4 | $29,000 | $15,443 | $26,093 |
| 2022 | $500,000 | $500,000 | — | — | — | — | — | $1,026 |
Under IRS private-foundation payout rules, Farris Family Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Farris Family Foundation is led by Michael A Farris, President & Director on every filing since 2022; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael A Farris
President & Director
On filings since 2022
No compensation reported
Jessia F Salonus
Secretary & Director
On filings since 2022
No compensation reported
Lisa T Farris
Director
On filings since 2022
No compensation reported
Matthew A Farris
Treasurer & Director
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Farris Family Foundation
How much does Farris Family Foundation give each year?
Farris Family Foundation gave $50K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 4 grants.
What is Farris Family Foundation's typical grant size?
Farris Family Foundation's median grant in 2024 was $5,000, and its average grant was $9,960, across 5 grants on its 2024 IRS Form 990-PF.
Where does Farris Family Foundation give grants?
Farris Family Foundation gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Jackson, TN (4 grants).
Does Farris Family Foundation give general operating support?
Yes: 20% of Farris Family Foundation's 2024 grants with a stated purpose (1 of 5) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Operations" (3 grants).
Who are Farris Family Foundation's largest grantees?
Farris Family Foundation's largest 2024 grantees include The Jackson Symphony ($25,300), The Dream Center ($16,400) and University School of Jackson ($5,000), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Farris Family Foundation?
Farris Family Foundation reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
What is Farris Family Foundation's EIN?
Farris Family Foundation's EIN (Employer Identification Number) is 92-1124183. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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