Lisette and Michael Farrell is a private foundation focused on N/A, based in LA JOLLA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $87K. Net investment income was $580K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+33.8% YoY
Annual Giving
$87K
+144.4% YoY
Grant Count
12
+100.0% YoY
Avg Grant Size
$7K
+22.2% YoY
Under IRS private-foundation payout rules, Lisette and Michael Farrell reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About Lisette and Michael Farrell
Based on IRS filings
Lisette and Michael Farrell is a private foundation focused on N/A, based in LA JOLLA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $87K. Net investment income was $580K.
Focus Areas
Ready to take the next step with Lisette and Michael Farrell?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,934,144 | $1,445,973 | $1,439,679 |
| Revenue | $589,271 | $71,048 | $1,113,527 |
| Expenses | $101,100 | $64,754 | $126,266 |
| Qualifying Distributions | $90,894 | $39,160 | $121,204 |
| Net Investment Income | $579,768 | $61,302 | $1,105,596 |
| Distributable Amount | $75,636 | $73,554 | $53,278 |
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 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boston College ($25,000), The Bishop's School ($17,000), San Ysidro Health Center ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE CHESTNUT HILL, MA | GENERAL PURPOSE | $25,000 |
| JUST REMEMBER SAN DIEGO, CA | GENERAL PURPOSE | $3,900 |
| LA JOLLA PLAYHOUSE LA JOLLA, CA | GENERAL PURPOSE | $4,600 |
| LAS PATRONAS LA JOLLA, CA | GENERAL PURPOSE | $5,150 |
| MARY STAR OF THE SEA LA JOLLA, CA | GENERAL PURPOSE | $3,000 |
| MILES CHRISTI SOUTH LYON, MI | GENERAL PURPOSE | $5,000 |
| SAN YSIDRO HEALTH CENTER SAN DIEGO, CA | GENERAL PURPOSE | $15,000 |
| THE BISHOP'S SCHOOL LA JOLLA, CA | GENERAL PURPOSE | $17,000 |
| LEGATUS ANN ARBOR, MI | GENERAL PURPOSE | $1,490 |
| SAWA WOD SAN DIEGO, CA | GENERAL PURPOSE | $1,350 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J FARRELL | CHIEF EXECUTIVE OFFICER | 1 | — |
| LISETTE FARRELL | SECRETARY/CFO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lisette and Michael Farrell?
Lisette and Michael Farrell is a private foundation focused on N/A, based in LA JOLLA, CA. It holds $1.9M in total assets as of 2024.
How large is Lisette and Michael Farrell?
As of 2024, Lisette and Michael Farrell holds $1.9M in total assets with $589K in annual revenue. It awarded 12 grants totaling $87K in 2024.
Where does Lisette and Michael Farrell operate?
Lisette and Michael Farrell has awarded grants in California, Illinois, Massachusetts, Michigan, Tennessee.
What size grants does Lisette and Michael Farrell award?
In 2024, Lisette and Michael Farrell awarded 12 grants totaling $87K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Lisette and Michael Farrell required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lisette and Michael Farrell reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lisette and Michael Farrell's EIN?
Lisette and Michael Farrell's EIN (Employer Identification Number) is 83-2428772. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lisette and Michael Farrell's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Gochnauer Family Foundation
CORONA DEL MAR, CA
Assets
$15.2M
Grants
39
Total Given
$313K
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Lisette and Michael Farrell 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
Go from researching Lisette and Michael Farrell to a real strategy.