Friendship Fund Inc Trust
Friendship Fund Inc Trust is a private foundation, based in Washington, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 1 grant totaling $224K. Net investment income was $254K.
Friendship Fund Inc Trust at a glance
In short: Friendship Fund Inc Trust gave $224K across 1 grant in 2024 (avg $224K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $224,000
- +39.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $224,000
- +39.1% vs 2023
- Median grant
- $224,000
- Total assets
- $4,483,516
- +0.5% vs 2023
- Primary geography
- District of Columbia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Friendship Fund Inc Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Institute of Current World Affairs Inc ($224K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Friendship Fund Inc Trust gives
- Giving grew 81% from 2021 to 2024. Method
- In 2024 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $124K (2021) to $224K (2024). In 2024 it made 1 grant totaling $224K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Institute of Current World Affairs Inc Washington, DC | Payments Made in Accordance with Trust Agreement. | $224,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,483,516 | $278,636 | $255,102 | $224,000 | 1 | $228,835 | $253,986 | $242,857 |
| 2023 | $4,461,525 | $108,180 | $187,365 | $161,000 | 1 | $162,340 | $85,892 | $222,267 |
| 2022 | $4,538,087 | $218,412 | $25,261 | — | — | $1,226 | $196,926 | $215,262 |
| 2021 | $4,355,383 | $202,712 | $153,756 | $123,800 | 1 | $124,050 | $179,146 | $237,715 |
| 2020 | $4,306,427 | $572,101 | $179,411 | $153,500 | 1 | — | $549,951 | $195,550 |
Under IRS private-foundation payout rules, Friendship Fund Inc Trust reported a distributable amount of $243K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Friendship Fund Inc Trust is led by Gregory Feifer, Executive Director on every filing since 2020; none of the 16 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gregory Feifer
Executive Director
On filings since 2020
2 hrs/week
No compensation reported
Paul Rahe
Chair
On filings since 2020
2 hrs/week
No compensation reported
Chi-Chi Zhang
Trustee
Secretary → Trustee, 2022
On filings since 2020
2 hrs/week
No compensation reported
Fabrice Houdart
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Jeffrey Gedmin
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Susan Brind Morrow
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Bacete Bwogo
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Catherine Rielly
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Naoko Aoki
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Bruce Teeter
Director of Operations
On filings since 2022
2 hrs/week
No compensation reported
Cris Duschek
Trustee
On filings since 2022
2 hrs/week
No compensation reported
Peter Leon
Trustee
On filings since 2022
2 hrs/week
No compensation reported
Joseph Bradley
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Yunfei Liu
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
Bill Rielly
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Onyinye Edeh
Secretary
On filings since 2022
2 hrs/week
No compensation reported
Former officers (11)
- Former: Joseph Battat (2020–2023) — Vice Chair
- Former: Mary Rusinow (2020–2022) — Trustee
- Former: Caroline Vagneron (2022) — Trustee
- Former: Chad Rosenberger (2020–2021) — Trustee
- Former: Constance Whiteside (2020–2021) — Trustee
- Former: Rebecca Picard (2020–2021) — Director of Operations
- Former: Jeffrey Race (2020) — Trustee
- Former: Krishen Mehta (2020) — Trustee
- Former: Michael Mathison (2020) — Treasurer
- Former: Pascal Saura (2020) — Trustee
- Former: Peggy Knudson (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Friendship Fund Inc Trust
How much does Friendship Fund Inc Trust give each year?
Friendship Fund Inc Trust gave $224K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $161K across 1 grant.
How large is Friendship Fund Inc Trust?
Friendship Fund Inc Trust reported $4.5M in total assets on its 2024 IRS Form 990-PF. It paid out $229K in qualifying distributions that year, against a required minimum of $243K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Friendship Fund Inc Trust operate?
Friendship Fund Inc Trust has awarded grants in District of Columbia.
What is Friendship Fund Inc Trust's EIN?
Friendship Fund Inc Trust's EIN (Employer Identification Number) is 13-6045127. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Friendship Fund Inc Trust down — hundreds of funders to go?