Fthree Foundation is a private independent foundation established in 2000 and designated as a 501(c)(3) organization. The foundation maintains offices in Carrollton, Georgia, with additional presence in San Francisco, California. As a family foundation, it operates as a grantmaking organization focused on philanthropic activities across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.4M
-0.1% YoY
Annual Giving
$1.9M
+19.6% YoY
Grant Count
102
+12.1% YoY
Avg Grant Size
$18K
+6.7% YoY
Mission & Focus Areas
The foundation does not publicly specify particular subject areas of focus. However, based on recent grantmaking activity, the foundation has supported initiatives in:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Media and investigative journalism
- Higher education
Grantmaking
The foundation appears open to new applicants.
Grant Range
$5,000
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Geographic Focus
Where this funder awards grants
The foundation's funding reaches across 20 states, with primary grantmaking activity in California, the District of Columbia, and New York. Additional funding activity documented in: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Kentucky, Louisiana, Maryland, Massachusetts, Missouri, New Jersey, Nevada, New York, Oregon, Pennsylvania, Texas, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $30,358,299
- Total revenue: $2,641,465
- Total expenses: $2,502,658
- Net income: $138,807
- Total liabilities: $0
Assets & Revenue (2023):
- Total assets: $30,403,505
- Total revenue: $8,825,450
- Total expenses: $1,969,163
The foundation maintains a strong financial position with substantial assets and consistent annual giving capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,358,299 | $30,403,505 | $20,998,449 |
| Revenue | $2,641,465 | $8,825,450 | $1,718,399 |
| Expenses | $2,502,658 | $1,969,163 | $1,896,443 |
| Qualifying Distributions | $2,114,437 | $1,757,556 | $1,709,248 |
| Net Investment Income | $2,373,684 | $8,213,843 | $1,531,204 |
| Distributable Amount | $1,461,437 | $1,129,779 | $1,062,429 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Nancy Richards Farese, President
- Dr. Robert V. Farese Jr., Secretary/Treasurer
- Julie Shafer, Board Member
- Conor Farese, Board Member
All board members serve on a voluntary basis with no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR ROBERT V FARESE JR | SECRETARY/TREASURER | 1 | — |
| NANCY RICHARDS FARESE | PRESIDENT | 1 | — |
| JULIE SHAFER | BOARD MEMBER | 1 | — |
| CONOR FARESE | BOARD MEMBER | 1 | — |
Contact Information
- Address: PO Box 400, Carrollton, GA 30112-0007
- Phone: 415-561-6540
- Website: www.thirdplateau.com
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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