Friend Fund is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $483K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$483K
-0.1% YoY
Annual Giving
$20K
-28.2% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$5K
-28.2% YoY
Under IRS private-foundation payout rules, Friend Fund reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Friend Fund
Based on IRS filings
Friend Fund is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $483K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $20K.
Focus Areas
Ready to take the next step with Friend Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $482,590 | $483,300 | $518,191 |
| Revenue | $24,750 | $5,729 | $31,423 |
| Expenses | $33,032 | $40,781 | $38,684 |
| Qualifying Distributions | $28,264 | $33,782 | $30,314 |
| Net Investment Income | $19,754 | $5,428 | $23,779 |
| Distributable Amount | $34,966 | $25,864 | $28,879 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Becca Harrison ($6,128), Kristina Gregg ($6,000), Samuel D Moss ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAMUEL D MOSS PITTSBURGH, PA | SCHOLARSHIP | $4,000 |
| KRISTINA GREGG PITTSBURGH, PA | SCHOLARSHIP | $6,000 |
| BECCA HARRISON PITTSBURGH, PA | SCHOLARSHIP | $6,128 |
| ALEJANDRO PASTEN PITTSBURGH, PA | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 2 | $7,840 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friend Fund?
Friend Fund is a private foundation focused on Education, based in PITTSBURGH, PA. It holds $483K in total assets as of 2024.
How large is Friend Fund?
As of 2024, Friend Fund holds $483K in total assets with $25K in annual revenue. It awarded 4 grants totaling $20K in 2024.
Where does Friend Fund operate?
Friend Fund has awarded grants in Pennsylvania.
What size grants does Friend Fund award?
In 2024, Friend Fund awarded 4 grants totaling $20K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Friend Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Friend Fund reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Friend Fund's EIN?
Friend Fund's EIN (Employer Identification Number) is 25-6862298. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Friend Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Cigna Group Foundation
PHILADELPHIA, PA
Assets
$127.2M
Grants
4,075
Total Given
$14.1M
Chubb Charitable Foundation
PHILADELPHIA, PA
Assets
$74.9M
Grants
3,719
Total Given
$6.3M
Lincoln Financial Foundation Inc
RADNOR, PA
Assets
$6.2M
Grants
2,479
Total Given
$8.3M
The Pittsburgh Foundation
PITTSBURGH, PA
Assets
$1.5B
Grants
1,132
Total Given
$64.0M
The William Penn Foundation
PHILADELPHIA, PA
Assets
$3.4B
Grants
1,027
Total Given
$148.8M
Dick's Sporting Goods Foundation
CORAOPOLIS, PA
Assets
$34.5M
Grants
964
Total Given
$18.0M
Hillman Family Foundations
PITTSBURGH, PA
Assets
$1.9B
Grants
814
Total Given
$88.8M
Pidc Financing Corporation
PHILADELPHIA, PA
Assets
$6.7M
Grants
774
Total Given
$16.4M
Pennsylvania Cdfi Network
PHILADELPHIA, PA
Assets
$4.2M
Grants
740
Total Given
$15.0M
The Philadelphia Foundation
PHILADELPHIA, PA
Assets
$704.6M
Grants
715
Total Given
$39.1M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Friend Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities