Friends Fiduciary Corporation
Friends Fiduciary Corporation is a Quaker nonprofit based in Philadelphia, Pennsylvania, and is classified as a Form 990 public charity. It provides investment management, fiduciary, and charitable-giving services for tax-exempt Quaker organizations, and serves as trustee or fiduciary for funds that benefit Friends organizations or support grantmaking.
Friends Fiduciary Corporation at a glance
In short: Friends Fiduciary Corporation gave $821K across 46 grants in 2025 (avg $18K), mostly in Pennsylvania. 29% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $821,470
- -26.0% vs 2024
- Grants made (2025)
- 46
- +15.0% vs 2024
- Average grant
- $17,858
- -35.6% vs 2024
- Median grant
- $13,235
- Total assets
- $828,171,905
- +11.4% vs 2024
- New grantees (estimate)
- 29% first-time grantees (13 of 45, 2025)
- Primary geography
- Pennsylvania (66% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Friends Fiduciary Corporation
- Contact
Mailing address: 1700 Market Street Suite 1535, Philadelphia, PA 19103
Phone: (215) 241-7272
Website: https://friendsfiduciary.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Friends Fiduciary Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Friends Council on Education ($77K). Together the top 10 received $410K.
Organizations only. It also paid 2 individual scholarships ($29,161), which are not listed by name.
Grant Size Distribution
219 grants across all recorded years
The most common grant size was under $50K: 201 grants of 219 (92%).
Geographic Focus
Where this funder awards grants
The filing’s itemized 2025 grant dollars went primarily to Pennsylvania recipients (66%), followed by California (13%), New York (7%), the District of Columbia (3%), and Alabama (3%). The website describes the Tyson Memorial Fund’s primary geographic area of interest as the Abington, Pennsylvania region. Friends Fiduciary also says it serves constituent investors across the country.
Grant Distribution by State
Share of 2025 grant dollars across all 46 itemized grants.
States
Cities
Is Friends Fiduciary Corporation open to new grantees?
29%
first-time grantees, 2025
In 2025, 13 of 45 grantees (29%) were first-time recipients. First grants averaged $16K; repeat grants $19K. How we count
Medians: $10K first-time, $13K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $619K (2019) to $1.3M (2020). In 2025 it made 46 grants totaling $821K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends Council on Education Philadelphia, PA | Quaker Tuition Aid | $77,467 |
| Cheyney University Cheyney, PA | Tuition Aid | $60,000 |
| Filmmakers Collaborative San Francisco, CA | Glen Park Films | $50,000 |
| 339 Manumissions & Beyond Project Glenside, PA | Unrestricted | $42,400 |
| Arch Street Meetinghouse Preservation Trust Philadelphia, PA | Capital Campaign | $40,000 |
| American Friends Service Committee Philadelphia, PA | US social service | $36,530 |
| FCNL Education Fund Philadelphia, PA | Unrestricted | $28,449 |
| Barclay Friends West Chester, PA | Goshen memory | $25,000 |
| Cabrillo Festival of Contemporary Music Santa Cruz, CA | Unrestricted | $25,000 |
| The Way Christian Center Berkeley, CA | Unrestricted | $25,000 |
Ready to take the next step with Friends Fiduciary Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $828,171,905 | $7,266,468 | $6,830,548 | $821,470 | 46 | $793,453 |
| 2024 | $743,271,598 | $6,638,314 | $6,331,719 | $1,109,942 | 40 | $892,963 |
| 2023 | $693,159,751 | $6,371,357 | $5,756,864 | $765,498 | 39 | $929,168 |
| 2022 | $617,125,539 | $5,423,969 | $5,414,376 | $661,159 | 38 | $698,765 |
| 2021 | $693,443,242 | $5,444,683 | $5,622,255 | $1,125,499 | 56 | $817,951 |
| 2020 | $597,472,622 | $5,242,346 | $5,265,288 | $1,299,035 | 41 | $666,560 |
| 2019 | $528,552,513 | $4,597,969 | $4,248,439 | $618,709 | 32 | $631,993 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Friends Fiduciary’s stated mission is to provide prudent, cost-effective management of financial assets for Friends organizations, guided by Quaker principles, values, and testimonies. Its 2025 filing also describes Quaker values-aligned investment management, fiduciary services, and charitable-giving services for tax-exempt Quaker organizations. Its investment practices include screening companies, voting proxies, and shareholder advocacy.
The organization administers trusts and donor-advised funds, some of which support grantmaking. Its website describes the Grandom Institution as making grants to organizations serving low-income people, particularly for clean, affordable energy, energy assistance, and self-sufficiency. The Tyson Memorial Fund supports Friends institutions and meetings within Philadelphia Yearly Meeting, with particular emphasis on Friends education, religious interests, and services for older adults. The Emlen Institution supports African American and Native American students in several racially diverse Quaker elementary schools.
Grantees named in the 2025 filing illustrate a range of supported work. Friends Council on Education describes its work as bringing Friends schools together, nurturing Quaker life in schools, and promoting Friends education. Barclay Friends says it provides a continuum of services for older adults. Filmmakers Collaborative describes its mission as catalyzing positive change through filmmaking, while Southern Poverty Law Center describes its work as advancing racial justice and human rights. These are the grantees’ stated missions, not Friends Fiduciary’s.
Grantmaking
The 2025 filing reports that Friends Fiduciary served as fiduciary or trustee for more than 100 funds and that over 240 grants were made to charities during the year. Separately, the filing’s itemized grant data lists 46 grants totaling $821,470, with a median grant of $13,235 and a range of $5,500 to $77,467.
Among the itemized 2025 grants, the largest were $77,467 to Friends Council on Education for Quaker Tuition Aid; $60,000 to Cheyney University for Tuition Aid; $50,000 to Filmmakers Collaborative for Glen Park Films; $42,400 to 339 Manumissions & Beyond Project for unrestricted support; and $40,000 to an individual recipient Meetinghouse Preservation Trust for a capital campaign. Other listed grants included $36,530 to American Friends Service Committee, $28,449 to FCNL Education Fund, and $25,000 each to Barclay Friends, Cabrillo Festival of Contemporary Music, and The Way Christian Center.
For the Tyson Memorial Fund, applications use the Quaker Grant Makers Common Form. Applicants may include additional narrative and supporting materials. Applications are due April 1 for spring-summer consideration or October 1 for fall-winter consideration; decisions are expected on or after July 1 or January 1, respectively. The fund makes only one grant to an institution or organization within a three-year period; grants are for one year and are generally $5,000 to $50,000, typically no more than $25,000. It does not make loans, grants to individuals, or grants that are basically recurring operational budget items. For Friends schools, the application should provide the percentage of Quaker students, faculty and staff, and board members, and describe and quantify the effectiveness of programs that increase services enabling children of Quaker families to receive a Quaker education. Reports are expected within one year of the application date unless otherwise stated.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Ethan Birchard as executive director, Richard Kent as chief investment officer, Sandy Quinn as controller, and Christie Duncan-Tessmer as chairperson. It also lists Stanley Pelli as vice chair. Other listed directors and officers include Eston Griffin, Mimi Blackwell, Bennett Lomax, Christina Repoley, and Bruce Beaton; the filing notes term or role changes for some of them during 2025.
Friends Fiduciary Corporation is led by Ethan Birchard, Executive Director on every filing since 2024; 5 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Ethan Birchard
Executive Director
On filings since 2024
40 hrs/week
$187K (2024) → $323K (2025)
Christie Duncan-Tessmer
Chairperson
Vice Chair → Chair Ef & V-Chair Tm, 2024
Chair Ef & V-Chair Tm → Chairperson, 2025
On filings since 2019
10 hrs/week
No compensation reported
Eston Griffin
Director of Bus Development & Constiuent Re
Director of Business Development → Director of Business Development & Constituent Rel, 2021
Director of Business Development & Constituent Rel → Director of Bus Development & Constiuent Re, 2024
On filings since 2019
40 hrs/week
$143K (2019) → $190K (2025)
Bennett Lomax
Director Til
Chairperson → Director, 2024
Director → Director Til, 2025
On filings since 2019
2 hrs/week
No compensation reported
Bruce Beaton
Treasurer Til & Director
Treasurer & Director → Treasurer, 2022
Treasurer → Treasurer Til & Director, 2025
On filings since 2019
2 hrs/week
No compensation reported
Christina Repoley
Secretary & Director Til
Director → Secretary, 2024
Secretary → Secretary & Director Til, 2025
On filings since 2019
2 hrs/week
No compensation reported
Daniel Isaacs
Director Til
Director → Director Til, 2025
On filings since 2019
2 hrs/week
No compensation reported
Mark Myers
Director
On filings since 2019
2 hrs/week
No compensation reported
Robert Hayden Jr.
Director Til
Director → Director Til, 2025
On filings since 2019
2 hrs/week
No compensation reported
Takashi Moriuchi
Director
On filings since 2019
2 hrs/week
No compensation reported
Terry Nance
Director
On filings since 2019
2 hrs/week
No compensation reported
Tom Wright
Director
On filings since 2019
2 hrs/week
No compensation reported
Doug Costa
Director
On filings since 2021
2 hrs/week
No compensation reported
Tommy Wrenn
Director & Vice Chair
Director → Director & Vice Chair, 2025
On filings since 2021
6 hrs/week
No compensation reported
Beth Henricks
Director & Treasurer
Director → Director & Treasurer, 2025
On filings since 2022
2 hrs/week
No compensation reported
Carl Butler
Director
On filings since 2023
2 hrs/week
No compensation reported
Elizabeth Widdicombe
Director & Secretary
Director → Director & Secretary, 2025
On filings since 2023
2 hrs/week
No compensation reported
John Helding
Director
On filings since 2023
2 hrs/week
No compensation reported
Jonathan Brown
Director
On filings since 2024
2 hrs/week
No compensation reported
Margaret Plank
Director
On filings since 2024
2 hrs/week
No compensation reported
Michael Homans
Director
On filings since 2024
2 hrs/week
No compensation reported
Diana Yanez
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Morgan Harting
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Richard Kent
Chief Investment Officer
On filings since 2019
40 hrs/week
$160K (2019) → $198K (2025)
Sandy Quinn
Controller
Finance Director → Controller, 2021
On filings since 2019
40 hrs/week
$108K (2019) → $162K (2025)
Mimi Blackwell
Dr of Bus Development & Const Relation
New on the 2025 filing
40 hrs/week
$113K (2025)
Stanley Pelli
Vice Chair
Director → Vice Chair, 2023
On filings since 2020
6 hrs/week
No compensation reported
Former officers (12)
- Former: Jeffery W. Perkins (2019–2024) — Executive Director Term
- Former: Joan Countryman (2019–2024) — Secretary Term
- Former: Ginny Christensen (2019–2023) — Director
- Former: Norval D. Reece (2019–2023) — Director
- Former: William Schmidt (2019–2023) — Chairperson
- Former: Ken Aldridge (2020–2023) — Director
- Former: Amy Taylor Brooks (2019–2021) — Director
- Former: Bruce E. Hunt (2019–2021) — Secretary
- Former: Deborah Frazer (2019–2021) — Treasurer
- Former: Susan Haines Cunningham (2019–2021) — Director
- Former: Daryl Renschler (2019–2020) — Director
- Former: Samuel Allen (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 $323K, to Ethan Birchard (Executive Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Friends Fiduciary Corporation
How much does Friends Fiduciary Corporation give each year?
Friends Fiduciary Corporation gave $821K across 46 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 40 grants.
What is Friends Fiduciary Corporation's typical grant size?
Friends Fiduciary Corporation's median grant in 2025 was $13,235, and its average grant was $17,858, across 46 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Friends Fiduciary Corporation that year got $16K on average.
Where does Friends Fiduciary Corporation give grants?
Friends Fiduciary Corporation gives mostly in Pennsylvania: 66% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were California (13%) and New York (7%). The most frequent recipient cities were Philadelphia, PA (18 grants), Washington, DC (3 grants), San Francisco, CA (2 grants) and Richmond, IN (2 grants).
Does Friends Fiduciary Corporation give general operating support?
Yes: 39% of Friends Fiduciary Corporation's 2025 grants with a stated purpose (18 of 46) were for general or operating support, per its 2025 IRS Form 990. Recurring purposes include "Tuition Aid" (5 grants) and "Fuel Assistance" (3 grants).
Who are Friends Fiduciary Corporation's largest grantees?
Friends Fiduciary Corporation's largest 2025 grantees include Friends Council on Education ($77,467), Cheyney University ($60,000) and Filmmakers Collaborative ($50,000), according to its 2025 IRS Form 990. It also paid 2 individual scholarships ($29,161), which are not listed by name. Together they received 23% of its itemized 2025 grant dollars.
How large is Friends Fiduciary Corporation?
Friends Fiduciary Corporation reported $828.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.3M.
What does Friends Fiduciary Corporation fund?
Friends Fiduciary’s stated mission is to provide prudent, cost-effective management of financial assets for Friends organizations, guided by Quaker principles, values, and testimonies. See mission & focus areas ↑
How do I apply for a grant from Friends Fiduciary Corporation?
Friends Fiduciary Corporation has no public application process in the sources Grantable reviewed. Check friendsfiduciary.org for current guidelines, or contact the foundation directly before submitting a request.
What is Friends Fiduciary Corporation's EIN?
Friends Fiduciary Corporation's EIN (Employer Identification Number) is 23-1968136. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 21, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 27, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 8, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS June 24, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 10, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Friends Fiduciary Corporation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/friends-fiduciary-corporation-morg_32e9ecd0761e4935a21ec2c447d11534
BibTeX
@misc{grantable_231968136_2026,
author = {{Grantable}},
title = {{Friends Fiduciary Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/friends-fiduciary-corporation-morg_32e9ecd0761e4935a21ec2c447d11534},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Friends Fiduciary Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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