Friends Fiduciary Corporation

PHILADELPHIA, PA EIN: 23-1968136 Website

WITHIN THE RELIGIOUS SOCIETY OF FRIENDS ARE MANY ORGANIZATIONS REQUIRING FINANCIAL SERVICES TO SUPPORT THEIR WORK. AMONG THESE ORGANIZATIONS ARE FRIENDS MEETINGS, CHURCHES, SCHOOLS, RETIREMENT COMMUNITIES AND OTHER NON-PROFIT FRIENDS GROUPS WHOSE PURPOSE IS TO ADVANCE SOME ASPECT OF THE WORK AND FAITH OF THE RELIGIOUS SOCIETY OF FRIENDS. FRIENDS FIDUCIARY CORPORATION WAS CREATED TO MEET THIS NEED. MORE SPECIFICALLY, THE PURPOSES OF FRIENDS FIDUCIARY CORPORATION ARE TO PROVIDE QUAKER VALUES ALIGNED INVESTMENT MANAGEMENT, FIDUCIARY AND CHARITABLE GIVING SERVICES FOR TAX-EXEMPT QUAKER ORGANIZATIONS. INVESTMENTS ARE MADE ACCORDING TO OUR QUAKER VALUES ALIGNED INVESTMENT CRITERIA, GUIDED BY FRIENDS TESTIMONIES AND VALUES.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$743.3M

+7.2% YoY

Annual Giving

$1.1M

+45.0% YoY

Grant Count

+2.6% YoY

Avg Grant Size

$28K

+41.4% YoY

About Friends Fiduciary Corporation

Based on IRS filings

Friends Fiduciary Corporation is a nonprofit organization focused on Public, Societal Benefit, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $743.3M in total assets. In 2024, it awarded 40 grants totaling $1.1M. Net investment income was $893K.

Focus Areas

Public, Societal Benefit

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $1.9M (48%)

California $428K (11%)

Connecticut $400K (10%)

Washington $371K (10%)

District of Columbia $198K (5%)

New Jersey $178K (5%)

New York $141K (4%)

Alabama $73K (2%)

+7 more states

States

Alabama Arizona California Connecticut District of Columbia Indiana Massachusetts Maryland Maine North Carolina New Jersey New York Pennsylvania Utah Washington

Cities

AmblerBainbridge IslandBaltimoreBen LomondBerkeleyBloomfieldBrooklynBurlington CountyCamdenChesterfieldCheyneyCoatesvilleCrosswicksFruit HeightsGreensboroKennett SquareLandsdowneLansdowneMeridenMontgomery

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$743,271,598	$693,159,751	$617,125,539
Revenue	$6,638,314	$6,371,357	$5,423,969
Expenses	$6,331,719	$5,756,864	$5,414,376
Qualifying Distributions	—	—	—
Net Investment Income	$892,963	$929,168	$698,765
Distributable Amount	—	—	—

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

158 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Realize Impact ($370,500), Cheyney University ($186,500), Friends Council on Education ($76,715).

Recipient	Purpose	Amount
American Friends Service Committee Philadelphia, PA	Unrestricted	$13,000
Arts Holding Hands and Hearts Kennett Square, PA	""Step-Up-Step-Out""	$7,000
Baltimore Yearly Meeting Baltimore, MD	Campaign for Opequon	$10,000
Barclay Friends West Chester, PA	Goshen memory	$25,000
Cabrillo Festival of Contemporary Music Santa Cruz, CA	Unrestricted	$25,000
Center in the Park Philadelphia, PA	heating assitance	$7,000
Cheyney University Cheyney, PA	Tuition Aid	$186,500
Crosswicks Monthly Meeting Crosswicks, NJ	for ?the running	$13,290
Face to Face Philadelphia, PA	Weatherization	$9,000
Family Promise Montco Ambler, PA	heating assitance	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD KENT	CHIEF INVESTMENT OFFICER	40	$190,482
ESTON GRIFFIN	DIR OF BUS DEV & CONSTIUENT RE	40	$182,558
ETHAN BIRCHARD	EXECUTIVE DIRECTOR EFF 4/24	40	$187,419
SANDY QUINN	CONTROLLER	40	$155,671
JEFFERY W PERKINS	EXECUTIVE DIRECTOR TERM 3/24	40	$80,605
BENNETT LOMAX	DIR EFF 10/24; CHAIR TERM 9/24	10	—
CHRISTIE DUNCAN-TESSMER	CHAIR EF 10/24;V-CHAIR TM 9/24	10	—
STANLEY PELLI	VICE CHAIR	6	—
CHRISTINA REPOLEY	SEC EFF 12/24; DIR TERM 12/24	6	—
JOAN COUNTRYMAN	SECRETARY TERM 12/24	2	—
BRUCE BEATON	TREASURER	2	—
BETH HENRICKS	DIRECTOR	2	—
CARL BUTLER	DIRECTOR	2	—
DANIEL ISAACS	DIRECTOR	2	—
DOUG COSTA	DIRECTOR	2	—
ELIZABETH WIDDICOMBE	DIRECTOR	2	—
JOHN HELDING	DIRECTOR	2	—
JONATHAN BROWN	DIRECTOR EFF 9/24	2	—
MARGARET PLANK	DIRECTOR EFF 9/24	2	—
MARK MYERS	DIRECTOR	2	—
MICHAEL HOMANS	DIRECTOR EFF 9/24	2	—
ROBERT HAYDEN JR	DIRECTOR	2	—
TAKASHI MORIUCHI	DIRECTOR	2	—
TERRY NANCE	DIRECTOR	2	—
TOM WRIGHT	DIRECTOR	2	—
TOMMY WRENN	DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

Public, Societal Benefit

Frequently Asked Questions

What is Friends Fiduciary Corporation?

Friends Fiduciary Corporation is a nonprofit organization focused on Public, Societal Benefit, based in PHILADELPHIA, PA. It holds $743.3M in total assets as of 2024.

How large is Friends Fiduciary Corporation?

As of 2024, Friends Fiduciary Corporation holds $743.3M in total assets with $6.6M in annual revenue. It awarded 40 grants totaling $1.1M in 2024.

Where does Friends Fiduciary Corporation operate?

Friends Fiduciary Corporation has awarded grants in Alabama, Arizona, California, Connecticut, District of Columbia, Indiana, Massachusetts, Maryland, Maine, North Carolina, New Jersey, New York, Pennsylvania, Utah, Washington.