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
Under IRS private-foundation payout rules, Fthree Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Center for Investigative Reporting ($100,000), Kqed Inc ($100,000), Howard University ($85,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 10000 DEGREES SAN RAFAEL, CA | GENERAL SUPPORT | $5,000 |
| 350ORG BROOKLYN, NY | GENERAL SUPPORT | $1,000 |
| AIM HIGH SAN FRANCISCO, CA | GENERAL SUPPORT | $5,000 |
| ALAMEDA CO COMMUNITY FOOD BANK OAKLAND, CA | GENERAL SUPPORT | $5,000 |
| AMAH MUTSUN LAND TRUST SANTA CRUZ, CA | GENERAL SUPPORT | $25,000 |
| AMALGAMATED CHARITABLE FOUNDATION INC WASHINGTON, DC | HURRIAN HELENE RELIEF | $5,000 |
| AMERICAN CIVIL LIBERTIES UNION INC FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| BOYS & GIRLS CLUB OF SAN FRANCISCO SAN FRANCISCO, CA | GENERAL SUPPORT | $2,500 |
| BREAST CANCER PREVENTION PARTNERS SAN FRANCISCO, CA | GENERAL SUPPORT | $1,000 |
| BRENNAN CENTER FOR JUSTICE NEW YORK, NY | GENERAL SUPPORT | $50,000 |
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
Frequently Asked Questions
What does Fthree Foundation fund?
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
How do I apply for a grant from Fthree Foundation?
**Grant Activity:** • Total giving in 2024: $1,880,500 • Total grants awarded: 102 grants in the most recent filing year • Median grant size: $5,000 • Grant range: $500–$125,000 • Maximum grant observed: $100,000 **Recent Grantees (2023):** • KQED: $100,000 (General Support and Support for Campaign 21) • Howard University: $85,000 (General Support) • MapLight: $85,000 (General Support) • Center for Investigative Reporting Inc. The foundation appears open to new applicants.
Where does Fthree Foundation make 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.
What size grants does Fthree Foundation award?
In 2024, Fthree Foundation awarded 102 grants totaling $1.9M — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Fthree Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fthree Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fthree Foundation's EIN?
Fthree Foundation's EIN (Employer Identification Number) is 94-3376857. 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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