First Federal Foundation

Foundation · Grantmaker NEWARK, OH EIN: 31-1629866

First Federal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWARK, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $428K in total assets. In 2024, it awarded 55 grants totaling $55K. Net investment income was $33K.

Key facts about First Federal Foundation

EIN: 31-1629866
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $55,340
Grants made (2024): 55
Average grant: $1,006
Median grant: $500
Total assets: $427,550
Primary geography: Ohio (98% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who First Federal Foundation funds

By grant dollars, the top recipient states for First Federal Foundation's 55 itemized 2024 grants were Ohio (98%). The most frequent recipient cities were Newark, OH (38 grants), Granville, OH (8 grants), Columbus, OH (3 grants) and Heath, OH (2 grants). None of its 55 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (52 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$428K

-2.5% YoY

Annual Giving

$55K

-12.2% YoY

Grant Count

+77.4% YoY

Avg Grant Size

$1K

-50.5% YoY

Under IRS private-foundation payout rules, First Federal Foundation reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.

About First Federal Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $54K (98%)

West Virginia $1K (2%)

Share of all 55 itemized 2024 grant dollars.

States

Ohio West Virginia

Cities

NewarkGranvilleHeathColumbusPataskalaDaytonHebronHurricaneLancasterSaint LouisvilleUtica

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$427,550	$438,504	$448,975
Revenue	$47,163	$55,744	$70,782
Expenses	$58,117	$66,215	$59,650
Qualifying Distributions	$55,340	$63,050	$58,700
Net Investment Income	$32,932	$36,674	$28,334
Distributable Amount	$77,128	$64,212	$63,189

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

149 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Licking County Foundation ($6,250), Newark Development Partners ($5,000), Boys & Girls Club of Newark and Central Ohio ($3,000).

Recipient	Purpose	Amount
LICKING COUNTY FOUNDATION NEWARK, OH	SUPPORT	$6,250
NEWARK DEVELOPMENT PARTNERS NEWARK, OH	SUPPORT	$5,000
BOYS & GIRLS CLUB OF NEWARK AND CENTRAL OHIO NEWARK, OH	SUPPORT	$3,000
GROW LICKING COUNTY NEWARK, OH	SUPPORT	$3,000
LICKING MEMORIAL HEALTH FOUNDATION NEWARK, OH	SUPPORT	$3,000
THE WORKS NEWARK, OH	SUPPORT	$2,500
BUCKEYE VALLEY FAMILY YMCA NEWARK, OH	SUPPORT	$2,200
NEWARK CAMPUS DEVELOPMENT FUND NEWARK, OH	SUPPORT	$1,500
LICKING COUNTY COURTHOUSE LIGHTING NEWARK, OH	CHRISTMAS LIGHTING	$1,500
NEWARK GRANVILLE SYMPHONY ORCHESTRA GRANVILLE, OH	SUPPORT	$1,300

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SARAH WALLACE	PRESIDENT	1	—
SALLY HECKMAN	SEC	1	—
MICHAEL O'BRIEN	TREASURER	1	—
PAUL THOMPSON	VP	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is First Federal Foundation?

First Federal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWARK, OH. It holds $428K in total assets as of 2024.

How large is First Federal Foundation?

As of 2024, First Federal Foundation holds $428K in total assets with $47K in annual revenue. It awarded 55 grants totaling $55K in 2024.

Where does First Federal Foundation operate?

First Federal Foundation has awarded grants in Ohio, West Virginia.

What size grants does First Federal Foundation award?

In 2024, First Federal Foundation awarded 55 grants totaling $55K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is First Federal Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, First Federal Foundation reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.