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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$428K
-2.5% YoY
Annual Giving
$55K
-12.2% YoY
Grant Count
55
+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
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.
Focus Areas
Ready to take the next step with First Federal Foundation?
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 | $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
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Licking County Foundation ($6,250), Newark Development Partners ($5,000), Boys & Girls Club of Newark and Central Ohio ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CANAL MARKET DISTRICT NEWARK, OH | SUPPORT | $1,000 |
| LICKING COUNTY MASTER GARDENERS VOLUNTEERS NEWARK, OH | SUPPORT | $250 |
| LICKING COUNTY COMMUNITY CENTER FOR 60 ADULTS GRANVILLE, OH | SUPPORT | $1,000 |
| BOYS & GIRLS CLUB OF NEWARK AND CENTRAL OHIO NEWARK, OH | SUPPORT | $3,000 |
| BUCKEYE VALLEY FAMILY YMCA NEWARK, OH | SUPPORT | $2,200 |
| CENTRAL OHIO TECHNICAL COLLEGE NEWARK, OH | SUPPORT | $500 |
| FOOD PANTRY NETWORK OF LICKING COUNTY NEWARK, OH | SUPPORT | $750 |
| FOSTERING FURTHER PATASKALA, OH | SUPPORT | $600 |
| FRIENDS OF THE LICKING COUNTY LIBRARY NEWARK, OH | SUPPORT | $750 |
| GRANVILLE ATHLETIC BOOSTERS GRANVILLE, OH | SUPPORT | $200 |
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
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.
What is First Federal Foundation's EIN?
First Federal Foundation's EIN (Employer Identification Number) is 31-1629866. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in First Federal Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Cooper Tire Foundation Inc
AKRON, OH
Assets
$71K
Grants
2
Total Given
$67K
Auburn Education Foundation
CONCORD TOWNSHIP, OH
Assets
$352K
Grants
2
Total Given
$214K
Galpin-white Ta
BROOKLYN, OH
Assets
$16K
Grants
1
Total Given
$887
The Cleveland Superior Arts
CLEVELAND, OH
Assets
$5K
Grants
1
Total Given
$251K
Mary E H Rutter Tr Para 28
BROOKLYN, OH
Assets
$401K
Grants
1
Total Given
$26K
Carrie Peska Memorial Scholarship Fund
ANDOVER, OH
Assets
$19K
Grants
1
Total Given
$4K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with First Federal Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching First Federal Foundation to a real strategy.