Joseph L and Ray L Freund Foundation

Foundation · Grantmaker SALEM, VA EIN: 13-6163058

Joseph L and Ray L Freund Foundation is a private foundation, based in SALEM, VA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 18 grants totaling $215K. Net investment income was $26K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$215K

+42.5% YoY

Grant Count

-21.7% YoY

Avg Grant Size

$12K

+82.1% YoY

Under IRS private-foundation payout rules, Joseph L and Ray L Freund Foundation reported a distributable amount of $5K for 2022 — the minimum it must pay out in qualifying distributions.

About Joseph L and Ray L Freund Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $397K (88%)

Massachusetts $36K (8%)

Virginia $10K (2%)

New Hampshire $5K (1%)

Connecticut $3K (1%)

States

Connecticut Massachusetts New Hampshire New York Virginia

Cities

FraminghamManchesterNew HavenNew YorkRoanokeSalemWaltham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$138,038	$154,288
Revenue	$31,742	$57,154	$58,656
Expenses	$232,144	$153,496	$86,916
Qualifying Distributions	$214,952	$150,814	—
Net Investment Income	$25,567	$56,132	$58,214
Distributable Amount	$4,734	$11,091	$16,868

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 2022

Grant Size Distribution

60 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Uja ($37,435), American Jewish Joint Distribution Comm ($28,773), Jewish Board of Family & Childrens Servi ($27,722).

Recipient	Purpose	Amount
DOROT NEW YORK, NY	CHARITABLECHARITABLECHARITABLE	$15,000
PROJECT FIND NEW YORK, NY	CHARITABLE	$2,000
LOA MEALS ON WHEELS ROANOKE, VA	CHARITABLE	$2,000
MET COUNCIL NEW YORK, NY	CHARITABLE	$21,000
UJA NEW YORK, NY	CHARITABLE	$37,435
SALEM FOOD PANTRY SALEM, VA	CHARITABLE	$1,600
BRADLEY FREE CLINIC ROANOKE, VA	CHARITABLE	$1,000
SEARCH & CARE NEW YORK, NY	CHARITABLE	$3,500
JEWISH FAMILY SERVICE OF METROWEST FRAMINGHAM, MA	CHARITABLE	$14,000
GRANITE YMCA MANCHESTER, NH	CHARITABLE	$1,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
DAVID J FREUND	PRESIDENT	—	—
ELIZABETH FREUND	TREASURER	—	—
ELIZABETH FIDELER	SECRETARY	—	—

Frequently Asked Questions

Where does Joseph L and Ray L Freund Foundation operate?

Joseph L and Ray L Freund Foundation has awarded grants in Connecticut, Massachusetts, New Hampshire, New York, Virginia.

What size grants does Joseph L and Ray L Freund Foundation award?

In 2022, Joseph L and Ray L Freund Foundation awarded 18 grants totaling $215K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Joseph L and Ray L Freund Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Joseph L and Ray L Freund Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Joseph L and Ray L Freund Foundation's EIN?

Joseph L and Ray L Freund Foundation's EIN (Employer Identification Number) is 13-6163058. IRS Form 990 filing data is available on this page for 2020–2022.