Foundation Medici Endowment Fund
Foundation Medici Endowment Fund is a private foundation, based in Warren, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it made $336K in qualifying distributions. Net investment income was $146K.
Foundation Medici Endowment Fund at a glance
- Total assets
- $5,350,812
- -2.8% vs 2023
- Revenue (2024)
- $204,657
- +1.4% vs 2023
- Qualifying distributions (2024)
- $335,788
- +0.5% vs 2023
- Expenses (2024)
- $357,042
- -0.1% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Foundation Medici Endowment Fund funds
How Foundation Medici Endowment Fund gives
- In 2024 it paid out 374% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2019 it made 1 grant totaling $191K.
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,350,812 | $204,657 | $357,042 | — | — | $335,788 | $145,612 | $89,835 |
| 2023 | $5,503,953 | $201,905 | $357,252 | — | — | $334,162 | $128,974 | $87,868 |
| 2022 | $5,657,995 | $307,894 | $343,664 | — | — | $305,323 | $172,067 | $112,899 |
| 2021 | $7,101,997 | $1,834,672 | $347,104 | — | — | $306,246 | $434,176 | $155,865 |
| 2020 | $5,288,108 | $243,364 | $205,053 | — | — | — | $126,224 | $142,824 |
| 2019 | $4,167,886 | $210,619 | $276,728 | $191,000 | 1 | — | $119,614 | $155,405 |
Under IRS private-foundation payout rules, Foundation Medici Endowment Fund reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation Medici Endowment Fund is led by Farid Naffah, President since 2022 (on filings since 2019); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Farid Naffah
President
Secretary & Trustee → Secretary, 2020
Secretary → President, 2022
On filings since 2019
No compensation reported
John Progue
Secretary
President → Secretary, 2022
On filings since 2020
No compensation reported
William Mullane
Treasurer
On filings since 2022
No compensation reported
Former officers (2)
- Former: John Anderson (2019–2021) — Treasurer
- Former: Atty John Pogue (2019) — President & Trustee
Data from IRS Form 990 filings, 2019–2024. "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 Foundation Medici Endowment Fund
How large is Foundation Medici Endowment Fund?
Foundation Medici Endowment Fund reported $5.4M in total assets on its 2024 IRS Form 990-PF. It paid out $336K in qualifying distributions that year, against a required minimum of $90K (roughly 5% of its investment assets).
Where does Foundation Medici Endowment Fund operate?
Foundation Medici Endowment Fund has awarded grants in Ohio.
What is Foundation Medici Endowment Fund's EIN?
Foundation Medici Endowment Fund's EIN (Employer Identification Number) is 34-1701625. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 26, 2020)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Foundation Medici Endowment Fund funds
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