Fredrickson Family Foundation is a private foundation focused on Mutual/Membership Benefit, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $497K in total assets. In 2024, it awarded 15 grants totaling $162K. Net investment income was $238K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$497K
+35.4% YoY
Annual Giving
$162K
+23.5% YoY
Grant Count
15
+50.0% YoY
Avg Grant Size
$11K
-17.7% YoY
Under IRS private-foundation payout rules, Fredrickson Family Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Fredrickson Family Foundation
Based on IRS filings
Fredrickson Family Foundation is a private foundation focused on Mutual/Membership Benefit, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $497K in total assets. In 2024, it awarded 15 grants totaling $162K. Net investment income was $238K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $496,544 | $366,641 | $445,782 |
| Revenue | $442,216 | $96,009 | $78,384 |
| Expenses | $164,645 | $134,364 | $51,095 |
| Qualifying Distributions | $161,750 | $131,000 | $47,500 |
| Net Investment Income | $238,318 | $32,543 | $41,067 |
| Distributable Amount | $28,528 | $29,642 | $32,812 |
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
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Elevation Church ($35,000), Achievable Dream Academy ($25,000), St Mary's Home ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHIEVABLE DREAM ACADEMY NEWPORT NEWS, VA | OPERATING PURPOSES | $25,000 |
| CHRYSLER MUSEUM OF ART NORFOLK, VA | OPERATING PURPOSES | $3,500 |
| NAUTICUS FOUNDATION NORFOLK, VA | OPERATING PURPOSES | $5,000 |
| OPERATION SMILE VIRGINIA BEACH, VA | OPERATING PURPOSES | $12,000 |
| ST MARY'S HOME NORFOLK, VA | OPERATING PURPOSES | $15,000 |
| THE HONOR FOUNDATION FORT WALTON BEACH, FL | OPERATING PURPOSES | $10,000 |
| UNITED WAY OF SOUTH HAMPTON ROADS NORFOLK, VA | OPERATING PURPOSES | $15,000 |
| VIRGINIA ARTS FESTIVAL NORFOLK, VA | OPERATING PURPOSES | $3,500 |
| UNION MISSION NORFOLK, VA | OPERATING PURPOSES | $250 |
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | OPERATING PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARA T FREDRICKSON | PRESIDENT | — | — |
| STEVEN D FREDRICKSON | TREASURER, SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fredrickson Family Foundation?
Fredrickson Family Foundation is a private foundation focused on Mutual/Membership Benefit, based in VIRGINIA BEACH, VA. It holds $497K in total assets as of 2024.
How large is Fredrickson Family Foundation?
As of 2024, Fredrickson Family Foundation holds $497K in total assets with $442K in annual revenue. It awarded 15 grants totaling $162K in 2024.
Where does Fredrickson Family Foundation operate?
Fredrickson Family Foundation has awarded grants in California, Colorado, Florida, Illinois, North Carolina, Pennsylvania, Virginia.
What size grants does Fredrickson Family Foundation award?
In 2024, Fredrickson Family Foundation awarded 15 grants totaling $162K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Fredrickson Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fredrickson Family Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fredrickson Family Foundation's EIN?
Fredrickson Family Foundation's EIN (Employer Identification Number) is 46-4232118. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fredrickson Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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