Farris Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+49.5% YoY
Annual Giving
$50K
+71.7% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$10K
+37.4% YoY
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.
About Farris Family Foundation
Based on IRS filings
Farris Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $1,026,046 | $686,443 | $500,000 |
| Revenue | $389,858 | $215,562 | $500,000 |
| Expenses | $50,255 | $29,119 | — |
| Qualifying Distributions | $49,800 | $29,000 | — |
| Net Investment Income | $89,858 | $15,443 | — |
| Distributable Amount | $49,667 | $26,093 | $1,026 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Jackson Symphony ($25,300), The Dream Center ($16,400), University School of Jackson ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Peyton Project Iinc Knoxville, TN | Operations | $3,000 |
| The Dream Center Jackson, TN | Capital Campaign | $16,400 |
| The Jackson Symphony Jackson, TN | Operations | $25,300 |
| University School of Jackson Jackson, TN | Operations | $5,000 |
| United Way of West Tennessee Jackson, TN | Unrestricted | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael A Farris | President/Director | — | — |
| Jessia F Salonus | Secretary/Director | — | — |
| Matthew A Farris | Treasurer/Director | — | — |
| Lisa T Farris | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Farris Family Foundation?
Farris Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, TN. It holds $1.0M in total assets as of 2024.
How large is Farris Family Foundation?
As of 2024, Farris Family Foundation holds $1.0M in total assets with $390K in annual revenue. It awarded 5 grants totaling $50K in 2024.
Where does Farris Family Foundation operate?
Farris Family Foundation has awarded grants in Tennessee.
What size grants does Farris Family Foundation award?
In 2024, Farris Family Foundation awarded 5 grants totaling $50K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Farris Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farris Family Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Farris 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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