Finsen Family Foundation
Finsen Family Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2021. In 2021, it awarded 2 grants totaling $1.6M. Net investment income was $3K.
Finsen Family Foundation at a glance
In short: Finsen Family Foundation gave $1.6M across 2 grants in 2021 (avg $812K), mostly in Massachusetts. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $1,624,485
- +2565.4% vs 2020
- Grants made (2021)
- 2
- +0.0% vs 2020
- Average grant
- $812,243
- +2565.4% vs 2020
- Median grant
- $812,243
- Primary geography
- Massachusetts (98% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Finsen Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
The largest 2021 recipient was Bank of America Charitable Gift Fund ($1.6M). Together the top 2 received $1.6M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 2 itemized grants.
States
Cities
How Finsen Family Foundation gives
- In 2021 it paid out well above 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 2019 to 2021, annual grant giving ranged from $46K (2019) to $1.6M (2021). In 2021 it made 2 grants totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank of America Charitable Gift Fund Boston, MA | Unrestricted General | $1,592,485 |
| Holy Cross Prepatory Academy Delran, NJ | Unrestricted General | $32,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $8,310 | $1,633,416 | $1,624,485 | 2 | $1,628,058 | $2,748 | $57,654 |
| 2020 | $1,256,216 | $-2,492 | $71,519 | $60,948 | 2 | — | $10,730 | $66,766 |
| 2019 | $1,327,972 | $34,703 | $55,976 | $46,000 | 2 | — | $25,048 | $66,137 |
Under IRS private-foundation payout rules, Finsen Family Foundation reported a distributable amount of $58K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Finsen Family Foundation's 2021 filing lists 2 officers; 1 of 2 officers listed in 2021 is compensated.
Officers on the 2021 filing
Gerald Finsen Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Bank Of America
Agent for Fiduciary
On filings since 2019
1 hr/week
$8K (2019) → $6K (2021)
Data from IRS Form 990 filings, 2019–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $6K, to Bank of America (Agent for Fiduciary).
Frequently asked questions about Finsen Family Foundation
How much does Finsen Family Foundation give each year?
Finsen Family Foundation gave $1.6M across 2 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $61K across 2 grants.
Where does Finsen Family Foundation operate?
Finsen Family Foundation has awarded grants in Massachusetts, New Jersey.
How much is Finsen Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Finsen Family Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Finsen Family Foundation's EIN?
Finsen Family Foundation's EIN (Employer Identification Number) is 22-3520273. IRS Form 990 filing data is available on this page for 2019–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- IRS filings on file for fiscal years 2020–2021
Explore Open Grants
Browse active grant opportunities in Finsen Family Foundation's focus areas in our free grants database
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