Freston Family Foundation
Freston Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $312K in total assets. In 2025, it awarded 12 grants totaling $233K. Net investment income was $103K.
Key facts about Freston Family Foundation
In short: Freston Family Foundation gave $233K across 12 grants in 2025 (avg $19K), top state District of Columbia. 25% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 73-6350005
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $232,900
- Grants made (2025)
- 12
- Average grant
- $19,408
- Median grant
- $12,500
- New grantees (estimate)
- 25% first-time grantees (3 of 12, 2025)
- Total assets
- $311,913
- Primary geography
- District of Columbia (45% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$312K
-28.5% YoY
Annual Giving
$233K
-2.1% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$19K
-10.3% YoY
Under IRS private-foundation payout rules, Freston Family Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Is Freston Family Foundation open to new grantees?
25%
first-time grantees, 2025
In 2025, 3 of 12 grantees (25%) were first-time recipients. First grants averaged $9K; repeat grants $23K. How we count
Medians: $3K first-time, $20K repeat.
- 58% of 2025 grantees were also funded in 2024. Method
- Giving fell 58% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| THE ONE CAMPAIN Washington, DC | GENERAL | $50,000 |
| NEW AMERICA Washington, DC | GENERAL | $50,000 |
| YOUNG EISNER SCHOLARS Inglewood, CA | GENERAL | $50,000 |
| BEYOND TYPE 1 San Mateo, CA | GENERAL | $25,000 |
| DOCTORS WITHOUT BORDERS New York, NY | GENERAL | $20,000 |
| THE NATURE CONSERVACY Arlington, VA | GENERAL | $20,000 |
| FRIENDS OF AUAF Alexandria, VA | GENERAL | $5,000 |
| TURQUOISE MOUNTAIN FOUNDATION Washington, DC | GENERAL | $5,000 |
| DUNELM USA Denver, CO | GENERAL | $2,500 |
| SANTA BARBARA BUCKET BRIGADE Santa Barbara, CA | GENERAL | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $311,913 | $435,954 | $620,858 |
| Revenue | $204,430 | $61,769 | $409,930 |
| Expenses | $239,937 | $247,110 | $98,550 |
| Qualifying Distributions | $232,900 | $238,010 | $93,000 |
| Net Investment Income | $102,569 | $60,574 | $179,123 |
| Distributable Amount | $14,673 | $22,471 | $18,745 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 9, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Freston Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew Freston
Trustee
On filings since 2020
No compensation reported
Gilbert Freston
Trustee
On filings since 2020
No compensation reported
Thomas E. Freston
Trustee
On filings since 2020
No compensation reported
Michael Gandolfo
Trustee
New on the 2025 filing
No compensation reported
Former officers (1)
- Former: Brian Raftery (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Freston Family Foundation
How much does Freston Family Foundation give each year?
Freston Family Foundation gave $233K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $238K across 11 grants.
What is Freston Family Foundation's typical grant size?
Freston Family Foundation's median grant in 2025 was $12,500, and its average grant was $19,408, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Freston Family Foundation that year got $9K on average.
Where does Freston Family Foundation give grants?
Freston Family Foundation's top state is District of Columbia, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (33%) and Virginia (11%). The most frequent recipient cities were Washington, DC (3 grants) and New York, NY (2 grants).
Does Freston Family Foundation give general operating support?
Yes: 100% of Freston Family Foundation's 2025 grants with a stated purpose (12 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Freston Family Foundation's largest grantees?
Freston Family Foundation's largest 2025 grantees include The One Campain ($50,000), New America ($50,000) and Young Eisner Scholars ($50,000), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is Freston Family Foundation?
Freston Family Foundation reported $312K in total assets on its 2025 IRS Form 990-PF. It paid out $233K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Freston Family Foundation?
Freston Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $312K in total assets as of 2025.
What is Freston Family Foundation's EIN?
Freston Family Foundation's EIN (Employer Identification Number) is 73-6350005. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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