Global Friendship Exchange Foundation is a private foundation focused on Arts, Culture & Humanities, based in RICHFIELD, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17K in total assets. In 2024, it awarded 3 grants totaling $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17K
+101.2% YoY
Annual Giving
$24K
-84.4% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$8K
-89.6% YoY
Under IRS private-foundation payout rules, Global Friendship Exchange Foundation reported a distributable amount of $899 for 2024 — the minimum it must pay out in qualifying distributions.
About Global Friendship Exchange Foundation
Based on IRS filings
Global Friendship Exchange Foundation is a private foundation focused on Arts, Culture & Humanities, based in RICHFIELD, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17K in total assets. In 2024, it awarded 3 grants totaling $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,861 | $8,381 | $140,143 |
| Revenue | $107,261 | $26,659 | $128,555 |
| Expenses | $98,781 | $158,421 | $1 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $899 | $551 | $8,000 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chinese Cultural Garden Association ($19,000), Rock and Roll Hall of Fame RRHOF ($2,500), Cleveland Glory Waist Drum Team ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHINESE CULTURAL GARDEN ASSOCIATION Richfield, OH | Charitable Donation | $19,000 |
| Cleveland Glory Waist Drum Team Cleveland, OH | Charitable Donation | $2,000 |
| Rock and Roll Hall of Fame RRHOF Cleveland, OH | Charitable Donation | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Eddie J Ni | President | 4 | — |
| Judy Ni | Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Global Friendship Exchange Foundation?
Global Friendship Exchange Foundation is a nonprofit organization focused on Arts, Culture & Humanities, based in RICHFIELD, OH. It holds $17K in total assets as of 2024.
How large is Global Friendship Exchange Foundation?
As of 2024, Global Friendship Exchange Foundation holds $17K in total assets with $107K in annual revenue. It awarded 3 grants totaling $24K in 2024.
Where does Global Friendship Exchange Foundation operate?
Global Friendship Exchange Foundation has awarded grants in Illinois, Indiana, Ohio.
What size grants does Global Friendship Exchange Foundation award?
In 2024, Global Friendship Exchange Foundation awarded 3 grants totaling $24K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Global Friendship Exchange Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Global Friendship Exchange Foundation reported a distributable amount of $899 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Global Friendship Exchange Foundation's EIN?
Global Friendship Exchange Foundation's EIN (Employer Identification Number) is 82-2772374. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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