Kennedy T Friend Education Fund
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.
Kennedy T Friend Education Fund at a glance
In short: Kennedy T Friend Education Fund gave $416K across 2 grants in 2024 (avg $208K), mostly in Connecticut. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $415,843
- +17.4% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $207,922
- +17.4% vs 2023
- Median grant
- $207,922
- Total assets
- $10,062,261
- +7.7% vs 2023
- Primary geography
- Connecticut (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Kennedy T Friend Education Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Yale University ($210K).
Organizations only. It also paid 1 individual scholarship ($205,436), which are not listed by name.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Kennedy T Friend Education Fund gives
- Giving held roughly steady from 2021 to 2024 (+7%). Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $338K (2020) to $420K (2022). In 2024 it made 2 grants totaling $416K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Yale University New Haven, CT | Scholarships | $210,407 |
| 1 individual scholarship Recipients not named | — | $205,436 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $10,062,261 | $1,269,781 | $554,296 | $415,843 | 2 | $476,606 | $1,198,877 | $434,332 |
| 2023 | $9,344,592 | $920,145 | $492,198 | $354,165 | 2 | $389,179 | $830,632 | $450,857 |
| 2022 | $8,887,611 | $895,670 | $563,238 | $419,563 | 1 | $456,628 | $801,761 | $425,872 |
| 2021 | $8,549,212 | $1,046,185 | $548,377 | $389,152 | 1 | $423,701 | $947,153 | $600,177 |
| 2020 | $8,023,773 | $1,297,086 | $460,986 | $338,220 | 1 | — | $1,200,327 | $460,938 |
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.
Leadership & Key People
Officers and directors from IRS filings
Kennedy T Friend Education Fund's 2024 filing lists 4 officers; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
PNC Bank N A
Co-Trustee
On filings since 2020
1 hr/week
$85K (2020) → $97K (2024)
Alice B. Mitinger Esq.
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
President Allegheny County Bar Assn
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
President Yale Club Of Pittsburgh
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $97K, to PNC Bank N a (Co-Trustee).
Frequently asked questions about Kennedy T Friend Education Fund
How much does Kennedy T Friend Education Fund give each year?
Kennedy T Friend Education Fund gave $416K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $354K across 2 grants.
How large is Kennedy T Friend Education Fund?
Kennedy T Friend Education Fund reported $10.1M in total assets on its 2024 IRS Form 990-PF. It paid out $477K in qualifying distributions that year, against a required minimum of $434K (roughly 5% of its investment assets).
Where does Kennedy T Friend Education Fund operate?
Kennedy T Friend Education Fund has awarded grants in Connecticut, Pennsylvania.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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