Leo & Rhea Fay Fruhman Foundation
The Leo & Rhea Fay Fruhman Foundation is a private foundation based in Plano, Texas. Its 2025 filing lists grants for community assistance to charitable funds administered through Fidelity Charity DAF.
Leo & Rhea Fay Fruhman Foundation at a glance
In short: Leo & Rhea Fay Fruhman Foundation gave $427K across 2 grants in 2025 (avg $214K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $427,000
- -12.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $213,500
- -12.9% vs 2024
- Median grant
- $213,500
- Total assets
- $14,131,092
- +34.3% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Leo & Rhea Fay Fruhman Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 260466, Plano, TX 75026
Phone: (207) 240-8486
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Leo & Rhea Fay Fruhman Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Fidelity Charity DAF ($427K across 2 grants).
Grant Size Distribution
119 grants across all recorded years
The most common grant size was under $50K: 109 grants of 119 (92%).
Geographic Focus
Where this funder awards grants
Both grants listed for 2025 went to recipients in Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Leo & Rhea Fay Fruhman Foundation gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $400K (2020) to $569K (2023). In 2025 it made 2 grants totaling $427K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charity DAF Boston, MA | Community Assistance - Beverly T. Goldman Charitable Fund | $340,000 |
| Fidelity Charity DAF Boston, MA | Community Assistance - Gatherful Giving Fund | $87,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $14,131,092 | $4,370,788 | $767,138 | $427,000 | 2 | $628,590 | $4,243,480 | $685,983 |
| 2024 | $10,519,280 | $933,844 | $796,258 | $490,000 | 2 | $669,320 | $806,906 | $709,889 |
| 2023 | $10,382,557 | $466,641 | $879,318 | $569,000 | 1 | $737,948 | $326,823 | $657,484 |
| 2022 | $10,705,286 | $294,199 | $870,445 | $566,000 | 57 | $716,876 | $152,629 | $675,817 |
| 2021 | $11,281,324 | $932,722 | $855,680 | $551,500 | 57 | $705,320 | $786,748 | $728,964 |
| 2020 | $11,204,642 | $248,898 | $680,633 | $400,100 | 57 | — | $121,163 | $608,871 |
Under IRS private-foundation payout rules, Leo & Rhea Fay Fruhman Foundation reported a distributable amount of $686K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The 2025 grant purposes identify community assistance. No separate mission statement is available.
Grantmaking
In 2025, the foundation reported two grants totaling $427,000. The grants were $87,000 and $340,000, with a median grant of $213,500. Both went to Fidelity Charity DAF in Boston, Massachusetts: $340,000 for the Beverly T. Goldman Charitable Fund and $87,000 for the Gatherful Giving Fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joe Goldman as president, Jacquline Talbot as secretary, Ronald Goldman Co Arizona Elder Car as vice president, and Michael Goldman as treasurer.
Leo & Rhea Fay Fruhman Foundation is led by Joe Goldman, President since 2023 (on filings since 2020); all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joe Goldman
President
Treasurer Executive Director → President, 2023
On filings since 2020
30 hrs/week
$120K (2020) → $97K (2025)
Michael Goldman
Treasurer
Trustee → Treasurer, 2023
On filings since 2020
10 hrs/week
$103K (2020) → $101K (2025)
Ronald Goldman Co Arizona Elder Car
Vice President
On filings since 2020
10 hrs/week
$25K (2020) → $50K (2025)
Jacquline Talbot
Secretary
On filings since 2023
10 hrs/week
$9K (2023) → $42K (2025)
Former officers (2)
- Former: Beverly T. Goldman (2020–2022) — President
- Former: Timothy P. Tehan Co Akin Gump Straus (2020–2022) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $101K, to Michael Goldman (Treasurer). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Leo & Rhea Fay Fruhman Foundation
How much does Leo & Rhea Fay Fruhman Foundation give each year?
Leo & Rhea Fay Fruhman Foundation gave $427K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $490K across 2 grants.
How large is Leo & Rhea Fay Fruhman Foundation?
Leo & Rhea Fay Fruhman Foundation reported $14.1M in total assets on its 2025 IRS Form 990-PF. It paid out $629K in qualifying distributions that year, against a required minimum of $686K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Leo & Rhea Fay Fruhman Foundation fund?
The 2025 grant purposes identify community assistance. No separate mission statement is available. See mission & focus areas ↑
How do I apply for a grant from Leo & Rhea Fay Fruhman Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Leo & Rhea Fay Fruhman Foundation make grants?
Both grants listed for 2025 went to recipients in Massachusetts.
What is Leo & Rhea Fay Fruhman Foundation's EIN?
Leo & Rhea Fay Fruhman Foundation's EIN (Employer Identification Number) is 75-2302749. IRS Form 990 filing data is available on this page for 2020–2025.
Does Leo & Rhea Fay Fruhman Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Leo & Rhea Fay Fruhman Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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