The Philip A. Zaffere Foundation Inc is a private foundation based in Towson, Maryland. The foundation operates as a philanthropic organization managed by a volunteer leadership team, distributing grants across multiple states and the District of Columbia.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$18.5M
-1.6% YoY
Annual Giving
$1.5M
+16.6% YoY
Grant Count
24
+84.6% YoY
Avg Grant Size
$64K
-36.8% YoY
Mission & Focus Areas
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation does not specify particular subject areas of focus in its filings but has demonstrated a commitment to educational initiatives and scholarship programs.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple states and jurisdictions, including:
- Maryland (primary focus, with funding in Aberdeen, Baltimore, Easton, Havre de Grace, Joppa, Stevenson, and Towson)
- Kansas (including Topeka)
- District of Columbia
- New York
- Iowa
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $18.5 million to $18.8 million
- Annual Giving: $1.3 million to $1.5 million
- Annual Expenses: Approximately $1.5 million
- Annual Revenue: Approximately $1 million
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $18,510,220 | $18,820,278 | $19,307,993 |
| Revenue | $1,434,263 | $1,037,992 | $823,349 |
| Expenses | $1,744,321 | $1,525,707 | $1,481,318 |
| Qualifying Distributions | $1,625,000 | $1,405,000 | $1,380,000 |
| Net Investment Income | $1,331,332 | $920,991 | $717,408 |
| Distributable Amount | $1,837,081 | $1,632,614 | $1,404,352 |
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 2025
Grant Size Distribution
74 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
The foundation is managed by a small team of volunteer officers who do not receive compensation:
- Louis F. Friedman – President and Treasurer
- Phyllis C. Friedman – Secretary
- Freddie J. Traub – Vice President
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOUIS F FRIEDMAN | PRES./TREAS. | 3.5 | — |
| PHYLLIS C FRIEDMAN | SECRETARY | 2.5 | — |
| FREDDIE J TRAUB | VICE PRES. | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made significant contributions to educational institutions:
**Stevenson University:** Provided a $2 million gift for a new campus library in Owings Mills, which was subsequently named the Philip A. Zaffere Library. The library amphitheater is also named in honor of Philip A. Zaffere.
The Philip A. Zaffere Library is Open and Ready to Welcome Stevenson Students,**University of Maryland School of Medicine:** Established a $2.4 million scholarship endowment for the Rural-MD Scholars Program.
UM School of Medicine Rural-MD Scholars Program Receives $2.4 Million ScholarshipSubject Areas
Focus areas based on grantmaking activity
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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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