Firethorn Foundation Inc

ROCKVILLE, MD EIN: 99-4553480

Firethorn Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROCKVILLE, MD. IRS filing data is available for 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.8M

Annual Giving

$1.0M

Grant Count

Avg Grant Size

$517K

Under IRS private-foundation payout rules, Firethorn Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About Firethorn Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $996K (96%)

Virginia $38K (4%)

States

Illinois Virginia

Cities

CharlottesvilleChicago

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024
Total Assets	$3,811,570
Revenue	$4,965,554
Expenses	$1,033,502
Qualifying Distributions	$1,033,502
Net Investment Income	$37,305
Distributable Amount	$17,791

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lungevity Foundation Inc ($996,002), Virginia Student Aid Foundation Inc Dba Virginia Athletics Foundation ($37,500).

Recipient	Purpose	Amount
VIRGINIA STUDENT AID FOUNDATION INC DBA VIRGINIA ATHLETICS FOUNDATION CHARLOTTESVILLE, VA	GENERAL OPERATING EXPENSES	$37,500
LUNGEVITY FOUNDATION INC CHICAGO, IL	DONATED 8,450 SHARES OF NVIDIA ON 09-20-2024 FOR PURPOSE OF MISSION	$996,002

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GEORGE FERRIS	CHAIR	2	—
ANDREA FERRIS	DIRECTOR	2	—
JACKSON FERRIS	DIRECTOR	2	—
NICOLA FERRIS	DIRECTOR	2	—
THOMAS FERRIS	DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Firethorn Foundation Inc?

Firethorn Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROCKVILLE, MD. It holds $3.8M in total assets as of 2024.

How large is Firethorn Foundation Inc?

As of 2024, Firethorn Foundation Inc holds $3.8M in total assets with $5.0M in annual revenue. It awarded 2 grants totaling $1.0M in 2024.

Where does Firethorn Foundation Inc operate?

Firethorn Foundation Inc has awarded grants in Illinois, Virginia.

What size grants does Firethorn Foundation Inc award?

In 2024, Firethorn Foundation Inc awarded 2 grants totaling $1.0M — an average of about $517K per grant, based on its IRS Form 990 filings.

How much is Firethorn Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Firethorn Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.