First Team Real Estate Foundation
First Team Real Estate Foundation is a private foundation focused on Human Services, based in Newport Beach, CA. IRS filing data is available from 2019 through 2025. In 2025, it awarded 4 grants totaling $639K. Net investment income was $15K.
First Team Real Estate Foundation at a glance
In short: First Team Real Estate Foundation gave $639K across 4 grants in 2025 (avg $160K), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $638,883
- +1626.7% vs 2024
- Grants made (2025)
- 4
- -55.6% vs 2024
- Average grant
- $159,721
- +3785.1% vs 2024
- Median grant
- $5,250
- Primary geography
- Maryland (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who First Team Real Estate Foundation funds
How this funder distributes its grants
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 23 grants of 24 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How First Team Real Estate Foundation gives
- Giving grew 5579% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2020) to $639K (2025). In 2025 it made 4 grants totaling $639K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $638,883 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $14,643 | $644,944 | $638,883 | 4 | $642,712 | $14,643 | $16,701 |
| 2024 | $630,301 | $42,275 | $39,746 | $37,000 | 9 | $39,523 | $31,975 | $30,944 |
| 2023 | $627,772 | $16,070 | $34,327 | $31,500 | 6 | $33,827 | $16,070 | $31,448 |
| 2022 | $646,029 | $4,564 | $13,782 | $11,250 | 2 | $13,782 | $3,454 | $32,076 |
| 2021 | $655,247 | $486 | $37,945 | $33,720 | 3 | $37,945 | $486 | $33,404 |
| 2020 | $696,916 | $6,774 | $12,287 | $10,000 | 1 | — | $3,774 | — |
| 2019 | $698,219 | $24,101 | $99,534 | $85,571 | 3 | — | $12,415 | — |
Under IRS private-foundation payout rules, First Team Real Estate Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Team Real Estate Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Cameron Merage
Bod
On filings since 2019
3 hrs/week
No compensation reported
Michael Marshall
Bod
On filings since 2019
3 hrs/week
No compensation reported
Tom Wagner
Secretary
On filings since 2019
3 hrs/week
No compensation reported
Former officers (4)
- Former: Francisco Galleno (2023) — Treasurer
- Former: Bill Plattos (2019–2022) — Bod
- Former: Debbie Beech (2022) — Treasurer
- Former: Doreen Campbell (2019–2021) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Team Real Estate Foundation
How much does First Team Real Estate Foundation give each year?
First Team Real Estate Foundation gave $639K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $37K across 9 grants.
What is First Team Real Estate Foundation's typical grant size?
First Team Real Estate Foundation's median grant in 2025 was $5,250, and its average grant was $159,721, across 4 grants on its 2025 IRS Form 990-PF.
Where does First Team Real Estate Foundation give grants?
First Team Real Estate Foundation gives mostly in Maryland: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does First Team Real Estate Foundation give general operating support?
Yes: 75% of First Team Real Estate Foundation's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
What is First Team Real Estate Foundation?
First Team Real Estate Foundation is a private foundation focused on Human Services, based in Newport Beach, CA.
How much is First Team Real Estate Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, First Team Real Estate Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Team Real Estate Foundation's EIN?
First Team Real Estate Foundation's EIN (Employer Identification Number) is 47-3440149. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS November 16, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS July 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
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