Five Together Foundation
Five Together Foundation is a private independent foundation established in 2006 and based in Philadelphia, Pennsylvania. The foundation operates as a 501(c)(3) organization dedicated to supporting social justice initiatives through strategic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.0M
+3.7% YoY
Annual Giving
$4.0M
-7.3% YoY
Grant Count
21
-43.2% YoY
Avg Grant Size
$190K
+63.3% YoY
Mission & Focus Areas
The foundation's mission centers on empowering social justice through three primary program areas:
Services to Families in Need — Investing in people struggling to meet daily needs of food and housing, with particular focus on vulnerable children in rooted communities.
Youth Development & Youth Leadership — Supporting young people's positive interactions and experiences at formative ages to change life trajectories.
Building Engaged & Thriving Communities — Uplifting communities through two interconnected strategies: funding organizations engaged in voter education and civic participation, and investing broadly in community development to elevate underrepresented communities.
Grantmaking
The foundation made 30 grants in 2023, with total giving of approximately $3.99 million. Typical grant awards range from $20,000 to $1,000,000.
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Geographic Focus
Where this funder awards grants
The foundation prioritizes funding in Maine, New York City, Philadelphia, Miami, San Diego, and East Africa.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $41.4 million
- Total Revenues: $1.41 million
- Total Expenses: $4.65 million
- Total Liabilities: $0
- Number of Employees: 1
Investment Income: The foundation generated $1.4 million in investment income and dividends in 2023, representing a 116% increase from 2022.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,969,918 | $41,423,970 | $44,669,329 |
| Revenue | $5,980,491 | $1,406,501 | $10,502,718 |
| Expenses | $4,434,543 | $4,651,860 | $5,152,143 |
| Qualifying Distributions | $4,318,977 | $4,629,795 | $4,601,654 |
| Net Investment Income | $2,705,030 | $1,399,162 | $640,681 |
| Distributable Amount | $2,101,160 | $2,006,011 | $2,144,643 |
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
164 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Laurie T. Franz serves as trustee. The foundation is supported by Robert I. Toll and Jane Toll.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURIE T FRANZ | PRESIDENT | 8 | — |
| RACHEL TOLL GRASSI | VICE-PRESIDENT | 0.25 | — |
| JACOB TOLL | VICE-PRESIDENT | 0.25 | — |
| JOSHUA GOLDFEIN | SECRETARY | 0.25 | — |
| DEBORAH TOLL GRUELLE | TREASURER | 0.25 | — |
| MATTHEW H KAMENS | DIRECTOR | 0.25 | — |
| LESTER E LIPSCHUTZ | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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