Friday Foundation
Friday Foundation is a private foundation, based in Medina, WA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $32.4M in total assets. In 2025, it awarded 2 grants totaling $3.5M. Net investment income was $1.5M.
Friday Foundation at a glance
In short: Friday Foundation gave $3.5M across 2 grants in 2025 (avg $1.8M), mostly in Washington. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,500,000
- Grants made (2025)
- 2
- Average grant
- $1,750,000
- Median grant
- $1,750,000
- Total assets
- $32,392,667
- -6.2% vs 2024
- Primary geography
- Washington (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Friday Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Seattle Symphony ($2.5M). Together the top 2 received $3.5M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Friday Foundation gives
- In 2025 it paid out 198% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.5M (2025) to $273.9M (2020). In 2025 it made 2 grants totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seattle Symphony Seattle, WA | Support Amplify Musical Campaign | $2,500,000 |
| Memphis Metal Museum Memphis, TN | Support Relocation of Museum | $1,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $32,392,667 | $1,515,192 | $3,655,638 | $3,500,000 | 2 | $3,581,537 | $1,461,406 | $1,810,766 |
| 2024 | $34,533,850 | $1,128,921 | $126,788 | — | — | $66,920 | $1,082,721 | $1,718,205 |
| 2023 | $33,537,598 | $917,692 | $103,578 | — | — | $58,636 | $885,052 | $1,609,711 |
| 2022 | $32,711,991 | $13,745 | $107,147 | — | — | $106,956 | $13,745 | $1,608,825 |
| 2021 | $32,805,393 | $16,602 | $49,061,132 | $48,521,500 | 7 | — | $16,602 | $1,685,084 |
| 2020 | $81,849,923 | $20,603,928 | $274,459,587 | $273,940,000 | 9 | — | $20,603,928 | $1,555,783 |
Under IRS private-foundation payout rules, Friday Foundation reported a distributable amount of $1.8M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Friday Foundation is led by Carolyn Grinstein, President & T since 2025 (on filings since 2020); 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Carolyn Grinstein
President & T
President & Treasurer → President & T, 2025
On filings since 2020
5 hrs/week
No compensation reported
George Steers
Director
On filings since 2020
3 hrs/week
$24K (2023) → $41K (2025)
Donald Hussong
Vice President
Vice President & Secretary → Vice President, 2025
On filings since 2020
2 hrs/week
$24K (2023) → $41K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $41K, to Donald Hussong (Vice Preside). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Friday Foundation
How much does Friday Foundation give each year?
Friday Foundation gave $3.5M across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Friday Foundation?
Friday Foundation reported $32.4M in total assets on its 2025 IRS Form 990-PF. It paid out $3.6M in qualifying distributions that year, against a required minimum of $1.8M (roughly 5% of its investment assets).
Where does Friday Foundation operate?
Friday Foundation has awarded grants in Connecticut, Tennessee, Washington.
What is Friday Foundation's EIN?
Friday Foundation's EIN (Employer Identification Number) is 47-1889104. 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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