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
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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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