Leo & Rhea Fay Fruhman Foundation
The Leo & Rhea Fay Fruhman Foundation is a private foundation established in 1991 and based in Richardson, Texas (with a mailing address in Plano, TX). The foundation operates as a 501(c)(3) tax-exempt organization and functions as a grantmaking entity supporting various charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.5M
+1.3% YoY
Annual Giving
$490K
-13.9% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$245K
-56.9% YoY
Mission & Focus Areas
The foundation primarily funds community assistance, education, health, religion, and legal educational public radio. Recent grantmaking demonstrates a particular commitment to Jewish community organizations, with documented grants to the Jewish Federation of Greater Dallas.
Grantmaking
The foundation made 57 grants in its most recent reporting year. Historical grantmaking totals approximately $569,000 across documented periods. The foundation maintains an active grantmaking program, with recent fiscal year (2024) expenses of $796,258 against total assets of $10.5 million.
Ready to take the next step with Leo & Rhea Fay Fruhman Foundation?
Geographic Focus
Where this funder awards grants
The foundation operates primarily in Texas, with documented funding activity in the Dallas area and broader North Texas region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (FY 2024):
- Total Assets: $10,519,280
- Total Revenues: $933,844
- Total Expenses: $796,258
- Total Liabilities: $23,500
Revenue Composition (FY 2024):
- Investment Income & Dividends: $299,377
- Net Gain from Sale of Non-Inventory Assets: $634,467
Assets & Revenue (FY 2023):
- Total Assets: $10.4 million
- Total Revenues: $466,641
- Total Expenses: $879,000
The foundation's revenue increased significantly year-over-year (100.1% growth from 2023 to 2024), primarily driven by gains from asset sales.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,519,280 | $10,382,557 | $10,705,286 |
| Revenue | $933,844 | $466,641 | $294,199 |
| Expenses | $796,258 | $879,318 | $870,445 |
| Qualifying Distributions | $669,320 | $737,948 | $716,876 |
| Net Investment Income | $806,906 | $326,823 | $152,629 |
| Distributable Amount | $709,889 | $657,484 | $675,817 |
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
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Joe Goldman serves as President, Executive Director, and Treasurer of the foundation, with annual compensation of $120,000 (as of 2023). The foundation maintains a staff of 3 employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOE GOLDMAN | PRESIDENT | 30 | $97,060 |
| JACQULINE TALBOT | SECRETARY | 10 | $25,730 |
| RONALD GOLDMAN CO ARIZONA ELDER CAR | VICE PRESIDENT | 10 | $62,178 |
| MICHAEL GOLDMAN | TREASURER | 10 | $105,827 |
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Harold D Miller Endowment Fund
DALLAS, TX
Assets
$890K
Grants
1
Total Given
$44K
Amarillo Business Foundation
AMARILLO, TX
Assets
$4.2M
Grants
13
Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Leo & Rhea Fay Fruhman Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities