Louis & Phyllis Friedman Foundation
The Louis and Phyllis Friedman Foundation is a private foundation based in Towson, Maryland, established in 1996. The foundation operates as a 501(c)(3) organization and focuses its philanthropic efforts on education, health care, and human services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+4.4% YoY
Annual Giving
$794K
+5.9% YoY
Grant Count
41
+51.9% YoY
Avg Grant Size
$19K
-30.3% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Health and medical services
- Community health
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation provided a $1 million naming gift to Stevenson University for the Phyllis and Louis Friedman Concert Hall within the new Berman Family Performing Arts Center.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Maryland
- Louisiana
- Pennsylvania
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $6,651,074
- Total revenues: $1,142,230
- Total expenses: $860,517
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,651,074 | $6,369,361 | $6,054,262 |
| Revenue | $1,142,230 | $1,112,564 | $1,225,772 |
| Expenses | $860,517 | $797,465 | $844,374 |
| Qualifying Distributions | $794,000 | $750,000 | $788,500 |
| Net Investment Income | $783,513 | $574,853 | $583,221 |
| Distributable Amount | $1,006,044 | $805,929 | $764,472 |
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
148 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
Key personnel include:
- Louis F. Friedman (President and Treasurer)
- Phyllis C. Friedman (Secretary)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOUIS F FRIEDMAN | PRES./DIR. | 2 | — |
| PHYLLIS C FRIEDMAN | SEC./DIR. | 2 | — |
| SAMUEL H FRIEDMAN | V.P./DIR. | — | — |
| ROBERT A FULD | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The Louis and Phyllis Friedman Building at Greater Baltimore Medical Center received an Award of Merit in the 2024 MidAtlantic Best Projects competition. The three-story, 120,000-square-foot addition serves as the hospital's new main entrance and was completed in 29 months at budget and on schedule as part of the medical center's Promise Project.
Award of Merit, Health Care: Louis and Phyllis Friedman Building | EngineeringSubject Areas
Focus areas based on grantmaking activity
Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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