Freas Foundation Incorporated
Freas Foundation Incorporated is a private family foundation based in Glen Allen, Virginia. The foundation was established in 1951 and operates as a grantmaking organization focused on supporting nonprofit work across multiple sectors.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$4.4M
+1737.3% YoY
Grant Count
4
-86.2% YoY
Avg Grant Size
$1.1M
+13220.5% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Arts
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
According to the most recent IRS Form 990 filing (2023), the foundation distributed **$4,386,500** in total giving during that year. Grant awards have historically ranged from $2,000 to $1,096,625.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking has primarily focused on Florida, though it is based in Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023 (most recent filing):
- Total Assets: $0
- Total Giving: $4,386,500
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $4,277,017 | $4,960,611 |
| Revenue | $36,819 | $256,177 | $317,304 |
| Expenses | $4,402,454 | $267,637 | $222,800 |
| Qualifying Distributions | $4,386,500 | $238,746 | $203,618 |
| Net Investment Income | $20,865 | $234,305 | $298,122 |
| Distributable Amount | $64,981 | $219,864 | $238,746 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
Grant Size Distribution
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Donald Arthur Freas | President & CEO | 2 | — |
| Lawrence Huston Freas | Treasurer | 2 | — |
| Nancy Freas Pratt | Vice President | 2 | — |
| Susan Freas Magargee | Secretary | 2 | — |
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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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