How Firm a Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 3 grants totaling $13K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$228K
+3.9% YoY
Annual Giving
$13K
+37.8% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$4K
-8.1% YoY
Under IRS private-foundation payout rules, How Firm a Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About How Firm a Foundation Inc
Based on IRS filings
How Firm a Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 3 grants totaling $13K. Net investment income was $13K.
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 | $228,037 | $219,562 | $219,223 |
| Revenue | $20,527 | $11,255 | $5,293 |
| Expenses | $14,130 | $10,916 | $1,899 |
| Qualifying Distributions | $12,500 | $9,068 | — |
| Net Investment Income | $13,015 | $2,543 | $3,828 |
| Distributable Amount | $11,182 | $10,056 | $10,145 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grace Baptist Church ($5,500), Stewart Reed ($5,000), Ocean City Baptist Church ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OCEAN CITY BAPTIST CHURCH OCEAN CITY, NJ | GIFT | $2,000 |
| GRACE BAPTIST CHURCH CAPE CORAL, FL | GIFT | $5,500 |
| STEWART REED SPRING, TX | GIFT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN FITZGERALD | PRESIDENT | 0.25 | — |
| THOMAS SCHETELICH | SECRETARY | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is How Firm a Foundation Inc?
How Firm a Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $228K in total assets as of 2024.
How large is How Firm a Foundation Inc?
As of 2024, How Firm a Foundation Inc holds $228K in total assets with $21K in annual revenue. It awarded 3 grants totaling $13K in 2024.
Where does How Firm a Foundation Inc operate?
How Firm a Foundation Inc has awarded grants in Florida, Kentucky, New Jersey, South Carolina, Texas.
What size grants does How Firm a Foundation Inc award?
In 2024, How Firm a Foundation Inc awarded 3 grants totaling $13K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is How Firm a Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, How Firm a Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is How Firm a Foundation Inc's EIN?
How Firm a Foundation Inc's EIN (Employer Identification Number) is 52-2203356. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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