Kennedy T Friend Education Fund

PITTSBURGH, PA EIN: 25-6026198

Kennedy T Friend Education Fund is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.1M in total assets. In 2024, it awarded 2 grants totaling $416K. Net investment income was $1.2M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.1M

+7.7% YoY

Annual Giving

$416K

+17.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$208K

+17.4% YoY

Under IRS private-foundation payout rules, Kennedy T Friend Education Fund reported a distributable amount of $434K for 2024 — the minimum it must pay out in qualifying distributions.

About Kennedy T Friend Education Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $1.7M (89%)

Pennsylvania $207K (11%)

States

Connecticut Pennsylvania

Cities

New HavenPittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$10,062,261	$9,344,592	$8,887,611
Revenue	$1,269,781	$920,145	$895,670
Expenses	$554,296	$492,198	$563,238
Qualifying Distributions	$476,606	$389,179	$456,628
Net Investment Income	$1,198,877	$830,632	$801,761
Distributable Amount	$434,332	$450,857	$425,872

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Yale University ($210,407), Aiden Magley ($205,436).

Recipient	Purpose	Amount
YALE UNIVERSITY NEW HAVEN, CT	SCHOLARSHIPS	$210,407
AIDEN MAGLEY PITTSBURGH, PA	SCHOLARSHIP	$205,436

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALICE B MITINGER ESQ	CO-TRUSTEE	1	—
PNC BANK N A	CO-TRUSTEE	1	$96,808
PRESIDENT ALLEGHENY COUNTY BAR ASSN	CO-TRUSTEE	1	—
PRESIDENT YALE CLUB OF PITTSBURGH	CO-TRUSTEE	1	—

Frequently Asked Questions

How large is Kennedy T Friend Education Fund?

As of 2024, Kennedy T Friend Education Fund holds $10.1M in total assets with $1.3M in annual revenue. It awarded 2 grants totaling $416K in 2024.

Where does Kennedy T Friend Education Fund operate?

Kennedy T Friend Education Fund has awarded grants in Connecticut, Pennsylvania.

What size grants does Kennedy T Friend Education Fund award?

In 2024, Kennedy T Friend Education Fund awarded 2 grants totaling $416K — an average of about $208K per grant, based on its IRS Form 990 filings.

How much is Kennedy T Friend Education Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kennedy T Friend Education Fund reported a distributable amount of $434K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Kennedy T Friend Education Fund's EIN?

Kennedy T Friend Education Fund's EIN (Employer Identification Number) is 25-6026198. IRS Form 990 filing data is available on this page for 2020–2024.