Frennea Family Foundation
Frennea Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pennington, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 7 grants totaling $48K. Net investment income was $109K.
Key facts about Frennea Family Foundation
- EIN
- 87-3527607
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $48,000
- Grants made (2024)
- 7
- Average grant
- $6,857
- Median grant
- $5,000
- Total assets
- $1,103,961
- Primary geography
- Oregon (67% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frennea Family Foundation funds
By grant dollars, the top recipient states for Frennea Family Foundation's 7 itemized 2024 grants were Oregon (67%) and Texas (33%). The most frequent recipient cities were Portland, OR (5 grants) and Houston, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.
How Frennea Family Foundation gives
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Frennea Family Foundation
- How to evaluate Frennea Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+5.9% YoY
Annual Giving
$48K
+100.0% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$7K
+42.9% YoY
Under IRS private-foundation payout rules, Frennea Family Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
About Frennea Family Foundation
Based on IRS filings
Frennea Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pennington, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 7 grants totaling $48K. Net investment income was $109K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,103,961 | $1,042,420 | $1,039,187 |
| Revenue | $112,767 | $40,158 | $-176,981 |
| Expenses | $57,977 | $36,925 | $29,934 |
| Qualifying Distributions | $53,780 | $31,555 | $15,657 |
| Net Investment Income | $108,932 | $34,328 | $624,942 |
| Distributable Amount | $55,922 | $51,772 | $41,829 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Smart Reading ($16,000), Coastal Conservation Association ($12,000), Bird Alliance of Oregon ($6,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Smart Reading Portland, OR | UNRESTRICTED GENERAL | $16,000 |
| Coastal Conservation Association Houston, TX | UNRESTRICTED GENERAL | $12,000 |
| Bird Alliance of Oregon Portland, OR | UNRESTRICTED GENERAL | $6,500 |
| Film Action Oregon Portland, OR | UNRESTRICTED GENERAL | $5,000 |
| Barbara Bush Houston Literacy Foundation Houston, TX | UNRESTRICTED GENERAL | $4,000 |
| Free Geek Portland, OR | UNRESTRICTED GENERAL | $3,000 |
| Portland Child Art Studio Portland, OR | UNRESTRICTED GENERAL | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carly Frennea | Dir, Pres | 1 | — |
| Kyle Freena | VP | 1 | — |
| Rachel Freena | Sec | 1 | — |
| Lee Willeford | VP | 1 | — |
| Robert Freena | Dir, Treas, Pres, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frennea Family Foundation?
Frennea Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pennington, NJ. It holds $1.1M in total assets as of 2024.
How large is Frennea Family Foundation?
As of 2024, Frennea Family Foundation holds $1.1M in total assets with $113K in annual revenue. It awarded 7 grants totaling $48K in 2024.
Where does Frennea Family Foundation operate?
Frennea Family Foundation has awarded grants in Oregon, Texas.
What size grants does Frennea Family Foundation award?
In 2024, Frennea Family Foundation awarded 7 grants totaling $48K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Frennea Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frennea Family Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frennea Family Foundation's EIN?
Frennea Family Foundation's EIN (Employer Identification Number) is 87-3527607. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.