Friendship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $785K in total assets. In 2024, it awarded 9 grants totaling $90K. Net investment income was $145K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$785K
+6.7% YoY
Annual Giving
$90K
-10.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$10K
-10.0% YoY
Under IRS private-foundation payout rules, Friendship Foundation reported a distributable amount of $104K for 2024 — the minimum it must pay out in qualifying distributions.
About Friendship Foundation
Based on IRS filings
Friendship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $785K in total assets. In 2024, it awarded 9 grants totaling $90K. Net investment income was $145K.
Focus Areas
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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 | $784,985 | $735,923 | $783,082 |
| Revenue | $162,943 | $72,516 | $85,704 |
| Expenses | $113,881 | $119,675 | $96,464 |
| Qualifying Distributions | $95,019 | $103,901 | $76,703 |
| Net Investment Income | $144,692 | $63,801 | $71,332 |
| Distributable Amount | $104,108 | $92,099 | $89,805 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jeanne Geiger Crisis Center Inc ($20,000), Leadership Rhode Island ($15,000), On Stage Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTORS STUDIO OF NEWBURYPORT NEWBURYPORT, MA | GENERAL PURPOSE | $5,000 |
| FIREHOUSE CENTER FOR THE ARTS NEWBURYPORT, MA | GENERAL PURPOSE | $5,000 |
| LEADERSHIP RHODE ISLAND PROVIDENCE, RI | GENERAL PURPOSE | $15,000 |
| ON STAGE INC NEWBURYPORT, MA | GENERAL PURPOSE | $10,000 |
| RHODE ISLAND PHILHARMONIC EAST PROVIDENCE, RI | GENERAL PURPOSE | $10,000 |
| THE YOUTH DEVELOPMENT ORGANIZATION LAWRENCE, MA | GENERAL PURPOSE | $5,000 |
| ARTS FOR LEARNING MASSACHUSETTS BOSTON, MA | GENERAL PURPOSE | $10,000 |
| JEANNE GEIGER CRISIS CENTER INC NEWBURYPORT, MA | GENERAL PURPOSE | $20,000 |
| BOYS & GIRLS CLUBS OF PROVIDENCE PROVIDENCE, RI | GENERAL PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEREMY BARNARD | CO-TRUSTEE | 1 | — |
| IAN T BARNARD | CO-TRUSTEE | 1 | — |
| GILBERT M RODDY JR | CO-TRUSTEE | 1 | $5,640 |
| THOMAS R APPLETON | CO-TRUSTEE | 1 | $5,640 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friendship Foundation?
Friendship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $785K in total assets as of 2024.
How large is Friendship Foundation?
As of 2024, Friendship Foundation holds $785K in total assets with $163K in annual revenue. It awarded 9 grants totaling $90K in 2024.
Where does Friendship Foundation operate?
Friendship Foundation has awarded grants in Massachusetts, Rhode Island.
What size grants does Friendship Foundation award?
In 2024, Friendship Foundation awarded 9 grants totaling $90K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Friendship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Friendship Foundation reported a distributable amount of $104K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Friendship Foundation's EIN?
Friendship Foundation's EIN (Employer Identification Number) is 61-6423402. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Friendship Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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