Lisette and Michael Farrell
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 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 7 grants totaling $67K. Net investment income was $140K.
Lisette and Michael Farrell at a glance
In short: Lisette and Michael Farrell gave $67K across 7 grants in 2025 (avg $10K), top state Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,000
- -22.7% vs 2024
- Grants made (2025)
- 7
- -41.7% vs 2024
- Average grant
- $9,571
- +32.6% vs 2024
- Median grant
- $5,500
- Total assets
- $1,986,739
- +2.7% vs 2024
- Primary geography
- Massachusetts (38% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lisette and Michael Farrell funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Boston College ($25K). Together the top 7 received $67K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Lisette and Michael Farrell gives
- Giving fell 41% from 2022 to 2025. Method
- In 2025 it paid out 67% 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 $33K (2020) to $113K (2022). In 2025 it made 7 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boston College Chestnut Hill, MA | General Purpose | $25,000 |
| University of Chicago Chicago, IL | General Purpose | $25,000 |
| Las Patronas La Jolla, CA | General Purpose | $7,500 |
| Mary Star of the Sea La Jolla, CA | General Purpose | $5,500 |
| Miles Christi South Lyon, MI | General Purpose | $3,000 |
| Challenged Athletes Foundation San Diego, CA | General Purpose | $500 |
| The Givengain Foundation Boston, MA | General Purpose | $500 |
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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 | $1,986,739 | $153,056 | $100,461 | $67,000 | 7 | $71,636 | $139,884 | $107,224 |
| 2024 | $1,934,144 | $589,271 | $101,100 | $86,640 | 12 | $90,894 | $579,768 | $75,636 |
| 2023 | $1,445,973 | $71,048 | $64,754 | $35,450 | 6 | $39,160 | $61,302 | $73,554 |
| 2022 | $1,439,679 | $1,113,527 | $126,266 | $113,390 | 11 | $121,204 | $1,105,596 | $53,278 |
| 2021 | $452,418 | $41,157 | $74,652 | $66,100 | 6 | $70,190 | $34,911 | $37,247 |
| 2020 | $485,913 | $67,465 | $46,937 | $32,610 | 8 | — | $7,185 | $23,280 |
Under IRS private-foundation payout rules, Lisette and Michael Farrell reported a distributable amount of $107K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lisette and Michael Farrell is led by Michael J. Farrell, Chief Executive Officer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael J. Farrell
Chief Executive Officer
On filings since 2020
1 hr/week
No compensation reported
Lisette Farrell
Secretary & CFO
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Lisette and Michael Farrell
How much does Lisette and Michael Farrell give each year?
Lisette and Michael Farrell gave $67K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $87K across 12 grants.
What is Lisette and Michael Farrell's typical grant size?
Lisette and Michael Farrell's median grant in 2025 was $5,500, and its average grant was $9,571, across 7 grants on its 2025 IRS Form 990-PF.
Where does Lisette and Michael Farrell give grants?
Lisette and Michael Farrell's top state is Massachusetts, with 38% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Illinois (37%) and California (20%). The most frequent recipient cities were La Jolla, CA (2 grants).
Does Lisette and Michael Farrell give general operating support?
Yes: 100% of Lisette and Michael Farrell's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Lisette and Michael Farrell's largest grantees?
Lisette and Michael Farrell's largest 2025 grantees include Boston College ($25,000), University of Chicago ($25,000) and Las Patronas ($7,500), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Lisette and Michael Farrell?
Lisette and Michael Farrell reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $107K (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 is Lisette and Michael Farrell?
Lisette and Michael Farrell is a private foundation focused on N/A, based in La Jolla, CA. It holds $2.0M in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
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