First Federal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE CITY, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 41 grants totaling $267K. Net investment income was $778K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+10.1% YoY
Annual Giving
$267K
+39.4% YoY
Grant Count
41
+70.8% YoY
Avg Grant Size
$7K
-18.4% YoY
Under IRS private-foundation payout rules, First Federal Foundation Inc reported a distributable amount of $280K for 2024 — the minimum it must pay out in qualifying distributions.
About First Federal Foundation Inc
Based on IRS filings
First Federal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE CITY, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 41 grants totaling $267K. Net investment income was $778K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,522,863 | $5,014,020 | $5,209,063 |
| Revenue | $816,419 | $33,368 | $-51,753 |
| Expenses | $307,576 | $228,411 | $432,817 |
| Qualifying Distributions | $267,340 | $191,742 | $383,311 |
| Net Investment Income | $778,065 | $73,372 | $68,137 |
| Distributable Amount | $280,145 | $253,840 | $271,042 |
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
111 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Gainesville Opportunity Center ($17,750), United Way of Suwannee Valley ($13,300), Community Foundation of North Central Florida ($12,203).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTRUSA INTERNATIONAL OF LAKE CITY LAKE CITY, FL | TO HELP EMPOWER AND SUPPORT ALTRUSANS AS THEY SERVE AND STRENGTHEN THEIR COMMUNITIES. | $5,000 |
| ANGEL HOUSE BEREAVEMENT CENTER PANAMA CITY, FL | TO HELP OFFER COUNSELING, AND SUPPORT CHILDREN AND ADUTLS WITH THE PAIN OF LIFE ALTERING LOSS. | $3,375 |
| ARNETTE HOUSE OCALA, FL | TO HELP OFFER EMERGENCY SHELTER SERVICES, COUNSELING, CRISIS INTERVENTION, AND REFERRALS TO YOUTH AND FAMILIES. | $6,797 |
| BAY COUNTY COUNCIL ON AGING PANAMA CITY, FL | TO HELP PROVIDE SERVICES FOR ELDERLY, AS WELL AS ELDERLY WHO MAY BE DISABLED AND DISADVANTAGED, WHO NEED ASSISTANCE TO MAINTAIN THEIR INDEPENDENCE, HEALTH, AND QUALITY OF LIFE. | $10,000 |
| BEAUFORT-JASPER YMCA PORT ROYAL, SC | TO HELP PROVIDE PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL THROUGH CHRISTIAN PRINCIPLES. | $5,000 |
| BIRTH CULTURE GAINESVILLE, FL | TO HELP EDUCATE AND EMPOWER COMMUNITY BIRTH WORKERS TO SERVE AS COMPASSIONATE AND CULTURALLY AWARE LEADERS IN REPRODUCTIVE AND MATERNAL HEALTCHARE. | $3,000 |
| CARMEN MARIA BOUCINHA JACKSONVILLE, FL | TO HELP HOMEBUYERS WITH LIMITED FUNDS TO AFFORD A HOME BY PROVIDING DOWN PAYMENT ASSISTANCE. | $7,500 |
| CDS FAMILY AND BEHAVIORAL HEALTH SERVICES GAINESVILLE, FL | TO HELP BUILD STRONG FAMILIES BY OFFERING YOUTH AND FAMILIES A SAFE PLACE TO TALK. | $2,250 |
| COLUMBIA SENIOR SERVICES LAKE CITY, FL | TO HELP ASSIST ADULTS 60+ IN MAINTAINING THEIR MENTAL, PHYSICAL, NUTRITIONAL AND EMOTIONAL HEALTH. | $10,000 |
| COMMUNITY FOUNDATION OF NORTH CENTRAL FLORIDA GAINESVILLE, FL | TO HELP WORK TOWARDS MEASURABLE COMMUNITY IMPROVEMENT THROUGH STRATEGIC GRANT-MAKING TO BENEFIT THE ARTS, ENVIRONMENT, COMMUNITY DEVELOPMENT, EDUCATION, HEALTH, SOCIAL SERVICES, AND OTHER AREAS OF INTEREST. | $12,203 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAMELA HITT | DIRECTOR, SECRETARY, COO | — | — |
| DAVID G BREWER | DIRECTOR | — | — |
| JOHN MEDINA | DIRECTOR, CHAIRMEN | — | — |
| PHILIP MOSES | DIRECTOR | — | — |
| KEITH LEIBFRIED | DIRECTOR, VICE CHAIRMEN | — | — |
| JENNIFER ANCHORS | DIRECTOR | — | — |
| BARZELLA PAPA | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Federal Foundation Inc?
First Federal Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE CITY, FL. It holds $5.5M in total assets as of 2024.
How large is First Federal Foundation Inc?
As of 2024, First Federal Foundation Inc holds $5.5M in total assets with $816K in annual revenue. It awarded 41 grants totaling $267K in 2024.
Where does First Federal Foundation Inc operate?
First Federal Foundation Inc has awarded grants in Florida, Georgia, Ohio, South Carolina, Tennessee, Wisconsin.
What size grants does First Federal Foundation Inc award?
In 2024, First Federal Foundation Inc awarded 41 grants totaling $267K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is First Federal Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Federal Foundation Inc reported a distributable amount of $280K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Federal Foundation Inc's EIN?
First Federal Foundation Inc's EIN (Employer Identification Number) is 86-1296449. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in First Federal Foundation Inc'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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