Friendship Fund Inc
Friendship Fund Inc is a private foundation based in Boston, Massachusetts, established in 1953. The organization operates as a 501(c)(3) tax-exempt entity and functions as a grantmaking foundation focused on advancing the humanities and sciences while supporting the welfare of humanity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+9.4% YoY
Annual Giving
$183K
+2.1% YoY
Grant Count
50
+22.0% YoY
Avg Grant Size
$4K
-16.3% YoY
Under IRS private-foundation payout rules, Friendship Fund Inc reported a distributable amount of $208K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on giving for the advancement of the humanities and the sciences and for the welfare of humanity, with an emphasis on local giving. Primary funding areas include:
- Environmental protection
- Social services
- International affairs
- Renewable energy
- Community and school gardens
- Environmental education
The foundation notes that funds are largely committed in advance.
Grantmaking
The foundation made 40 additional grants totaling approximately $143,599 in the same period.
Grant Range
$1,000–$25,000
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Geographic Focus
Where this funder awards grants
The foundation prioritizes local giving with a geographic focus on:
- Massachusetts
- Virginia
- Rhode Island
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024
- Total assets: $4,597,885
- Total revenues: $138,790
- Total expenses: $236,050
- Net income: -$97,260
- Total liabilities: $0
Revenue Composition (FY 2024)
- Investment income and dividends: $102,488
- Net gain from sale of non-inventory assets: $36,253
- Total grants and contributions: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,597,885 | $4,202,175 | $3,971,713 |
| Revenue | $138,790 | $67,504 | $203,228 |
| Expenses | $236,050 | $224,236 | $223,542 |
| Qualifying Distributions | $209,831 | $205,226 | $187,010 |
| Net Investment Income | $112,571 | $66,003 | $180,251 |
| Distributable Amount | $208,071 | $193,891 | $227,179 |
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
228 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Home Energy Efficiency Team Inc ($25,000), Woods Hole Community Association Inc ($8,500), Green Forests Work ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN WILDLIFE FOUNDATION WASHINGTON, DC | PROGRAM SUPPORT | $1,000 |
| ASSOCIATION TO PRESERVE CAPE COD INC DENNIS, MA | PROGRAM SUPPORT | $5,000 |
| BURBAGE THEATRE COMPANY PAWTUCKET, RI | PROGRAM SUPPORT | $1,000 |
| CAROLINA THREAD TRAIL CHARLOTTE, NC | PROGRAM SUPPORT | $5,000 |
| CHILDREN'S SCHOOL OF SCIENCE INC WOODS HOLE, MA | PROGRAM SUPPORT | $2,660 |
| COLORADO SPRINGS CHORAL SOCIETY COLORADO SPRINGS, CO | PROGRAM SUPPORT | $2,000 |
| COMMUNITY INITIATIVES - HARMONY PROJECT BAY AREA OAKLAND, CA | PROGRAM SUPPORT | $4,500 |
| COMMUNITY MUSIC SCHOOL OF THE PIEDMONT UPPERVILLE, VA | PROGRAM SUPPORT | $4,000 |
| DISCOVER CAYUGA LAKE INC ITHACA, NY | PROGRAM SUPPORT | $2,900 |
| DOMESTIC VIOLENCE RESOURCE CENTER OF SOUTH COUNTY INC WAKEFIELD, RI | PROGRAM SUPPORT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES M CRANE MD | PRESIDENT/DIRECTOR | 0.5 | — |
| F PETER FISHER | TREASURER/DIRECTOR | 0.5 | — |
| JOSEPHINE F DEGIVE | SEC.(THRU 8/23)/DIRECTOR (FULL YEAR) | 0.5 | — |
| FRANCIS BRADLEY | V.P./DIRECTOR | 0.5 | — |
| KATHARINE BRADLEY-BENNETT | DIRECTOR | 0.5 | — |
| DIANA H CRANE | DIRECTOR | 0.5 | — |
| THOMAS S CRANE | DIRECTOR | 0.5 | — |
| FRANCES CRANE MANSON | DIRECTOR | 0.5 | — |
| DAVID TULLY | SECRETARY/DIRECTOR (APPT. 8/23) | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Friendship Fund Inc fund?
The foundation's mission centers on giving for the advancement of the humanities and the sciences and for the welfare of humanity, with an emphasis on local giving. Primary funding areas include: • Environmental protection • Social services • International affairs • Renewable energy • Community and school gardens • Environmental education The foundation notes that funds are largely committed in advance.
How do I apply for a grant from Friendship Fund Inc?
**Grant Activity (Fiscal Year Ending June 2024)** • Total giving: $182,799 • Number of grants: 46 grants made • Typical grant range: $1,000–$25,000 **Recent Grantees (2024)** • Home Energy Efficiency Team (HEET): $25,000 (Program Support) • Woods Hole Community Association: $8,500 (Program Support) • Green Forests Work: $6,000 (Program Support) The foundation made 40 additional grants totaling approximately $143,599 in the same period.
Where does Friendship Fund Inc make grants?
The foundation prioritizes local giving with a geographic focus on: • Massachusetts • Virginia • Rhode Island
What size grants does Friendship Fund Inc award?
In 2024, Friendship Fund Inc awarded 50 grants totaling $183K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Friendship Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Friendship Fund Inc reported a distributable amount of $208K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Friendship Fund Inc's EIN?
Friendship Fund Inc's EIN (Employer Identification Number) is 13-6089220. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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