Fremont Bank Foundation
The Fremont Bank Foundation is a private grantmaking foundation based in Fremont, California, established in November 1994. As a 501(c)(3) organization, the foundation provides financial assistance to nonprofit organizations that implement services and programs to enhance quality of life for people in the communities served by Fremont Bank. The foundation operates as a non-operating foundation and is governed by 8 officers and trustees.
Key facts about Fremont Bank Foundation
- EIN
- 94-3170075
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,630,172
- Grants made (2024)
- 77
- Average grant
- $21,171
- Median grant
- $5,000
- Total assets
- $13,639,910
- Primary geography
- California (100% of itemized 2024 grant dollars)
- How to apply
- The foundation typically selects grantees rather than accepting unsolicited proposals.
Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fremont Bank Foundation funds
By grant dollars, the top recipient states for Fremont Bank Foundation's 77 itemized 2024 grants were California (100%). The most frequent recipient cities were Fremont, CA (15 grants), Hayward, CA (11 grants), Livermore, CA (7 grants) and San Leandro, CA (6 grants). None of its 77 grants with a stated purpose were described as general or operating support. Recurring purposes include "Holiday Grant" (32 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.6M
+6.4% YoY
Annual Giving
$1.6M
+0.3% YoY
Grant Count
77
+5.5% YoY
Avg Grant Size
$21K
-5.0% YoY
Under IRS private-foundation payout rules, Fremont Bank Foundation reported a distributable amount of $642K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The mission of the Fremont Bank Foundation is to provide financial assistance to nonprofit organizations that implement services and programs to enhance quality of life for all people in the communities served by the bank.
The foundation focuses its grantmaking on five key areas:
- Education & Youth — Empowering youth to be productive, healthy adults
- Social & Human Care — Improving the quality of life for the communities served
- Health & Wellness — Advancing physical and mental wellness, and addressing life-threatening diseases
- Parks & Recreation — Enhancing and protecting natural resources
- Arts & Culture
Grantmaking
The foundation typically selects grantees rather than accepting unsolicited proposals. The foundation only makes contributions to preselected charitable organizations.
Grant Range
s:**
Average Grant
$25,000–$35,000
How to Apply
**
Ready to take the next step with Fremont Bank Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in California, with a focus on communities within Fremont Bank's service footprint. Grants have been distributed to organizations in California and Virginia.
Grant Distribution by State
Share of all 77 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $13,639,910
- Total Revenue: $2,473,172
- Total Expenses: $1,904,973
- Net Income: $568,199
- Net Assets: $13,389,910
Historical Growth: Total assets have grown from $5.2 million in 2011 to $13.6 million in 2024. Over the past 9 years, the organization has increased revenue by an average of 3.0% annually.
Revenue Sources: Contributions received account for $2,141,273 of total revenue.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,639,910 | $12,821,711 | $11,899,034 |
| Revenue | $2,473,172 | $2,567,959 | $2,009,254 |
| Expenses | $1,904,973 | $1,635,282 | $916,775 |
| Qualifying Distributions | $1,647,282 | $1,644,792 | $1,426,775 |
| Net Investment Income | $331,899 | $294,810 | $40,926 |
| Distributable Amount | $641,537 | $604,473 | $554,813 |
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
401 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Washington Hospital Healthcare Fdn ($300,000), Open Heart Kitchen ($210,000 across 2 grants), Moreau Catholic High School ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Washington Hospital Healthcare Fdn Fremont, CA | Washington-UCSF Cancer Center | $300,000 |
| Open Heart Kitchen Livermore, CA | Open Heart Food Bank - Equipment | $200,000 |
| Moreau Catholic High School Hayward, CA | Center for Music and Band | $150,000 |
| Roots Community Health Center Oakland, CA | Miles Armstead Hall | $100,000 |
| La Familia Hayward, CA | Primary Care Facility Remodel | $75,000 |
| Glad Tidings Community Development Hayward, CA | Glad Tidings Family Life Complex Youth Zone | $60,000 |
| Oakland Children's Fairyland Inc Oakland, CA | Children's Fairyland's Maintenance Truck | $60,000 |
| Silicon Valley Education Foundation San Jose, CA | Hands On STEM Equipment | $50,000 |
| Hayward Unified School District Hayward, CA | Chromebook Charging Power Banks | $50,000 |
| Hayward Area Recreation Park Distri Hayward, CA | Sulphur Creek Nature Center | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Mike Wallace
Key Personnel:
- Bradford Anderson — Chief Financial Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Howard Hyman | Director/VP | 1 | — |
| Bradford Anderson | CFO | 1 | — |
| Chris Chenoweth | Dir/Secretary | 1 | — |
| Alan Hyman | Director | 1 | — |
| Michael Wallace | Director | 1 | — |
| Sharon Belshaw-Jones | Director | 1 | — |
| Brian Hughes | Pres/Exec. Dir. | 8 | — |
Recent News & Activity
Recent developments and announcements
The Fremont Bank Foundation announced grants for 2025, continuing its commitment to supporting local nonprofits. The foundation contributed $25,000 in holiday grants to local nonprofits and has awarded grants exceeding $100,000 to individual organizations in recent years.
Fremont Bank Foundation gives grants for 2025 | Tri City VoiceAs of 2025, Fremont Bank and the Fremont Bank Foundation have collectively donated $42.6 million and awarded 4,987 grants. The bank designates 5% of pre-tax earnings to philanthropic efforts.
Fremont Bank Foundation gives grants for 2025 | Tri City VoiceFrequently Asked Questions
What does Fremont Bank Foundation fund?
The mission of the Fremont Bank Foundation is to provide financial assistance to nonprofit organizations that implement services and programs to enhance quality of life for all people in the communities served by the bank. The foundation focuses its grantmaking on five key areas: • **Education & Youth** — Empowering youth to be productive, healthy adults • **Social & Human Care** — Improving the quality of life for the communities served • **Health & Wellness** — Advancing physical and mental w…
How do I apply for a grant from Fremont Bank Foundation?
**Grant Sizes:** • Smallest grant: $1,000 • Median grant: $5,000 • Average grant: $25,000–$35,000 • Largest grant: $250,000 • Typical award range: $550–$400,000 **Application Process:** The foundation typically selects grantees rather than accepting unsolicited proposals. The foundation only makes contributions to preselected charitable organizations. **Recent Grant Activity:** The foundation has made 315 grants totaling $7.8 million to 142 unique organizations. Recent grants include: • Open He…
Where does Fremont Bank Foundation make grants?
The foundation's grantmaking is concentrated in California, with a focus on communities within Fremont Bank's service footprint. Grants have been distributed to organizations in California and Virginia.
What size grants does Fremont Bank Foundation award?
In 2024, Fremont Bank Foundation awarded 77 grants totaling $1.6M — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Fremont Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fremont Bank Foundation reported a distributable amount of $642K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fremont Bank Foundation's EIN?
Fremont Bank Foundation's EIN (Employer Identification Number) is 94-3170075. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fremont Bank Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.