The 54 Fund is a private foundation located in Stockton, California, established in 2021. Formerly known as the Fccu2 Foundation, the organization operates as a 501(c)(3) private foundation with a focus on general support grantmaking to local nonprofits and community organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.0M
+12.4% YoY
Annual Giving
$527K
+20.2% YoY
Grant Count
99
+16.5% YoY
Avg Grant Size
$5K
+3.2% YoY
Under IRS private-foundation payout rules, The 54 Fund reported a distributable amount of $719K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary program area is general investments and general support funding. The organization awards grants to support various community initiatives in the Stockton area.
Grantmaking
The foundation also made a $1,500 grant to the Chinese Cultural Society of Stockton in 2024 for general support.
Grant Range
$3,200
Average Grant
$3,200
Ready to take the next step with The 54 Fund?
Geographic Focus
Where this funder awards grants
The foundation focuses its grantmaking on the Stockton, California area and San Joaquin County region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $13,301,691
- Total revenues: $434,659
- Total expenses: $660,493
- Investment income and dividends: $342,135
- Total grants, contributions, etc.: $250,000
- Number of employees: 1
Revenue Growth: Investment income increased significantly, growing 176.7% from 2022 ($123,632) to 2023 ($342,135).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,957,313 | $13,301,691 | $12,057,693 |
| Revenue | $818,624 | $434,659 | $368,658 |
| Expenses | $676,049 | $660,493 | $378,337 |
| Qualifying Distributions | $619,240 | $609,248 | $349,776 |
| Net Investment Income | $514,695 | $298,203 | $114,778 |
| Distributable Amount | $719,161 | $625,238 | $598,211 |
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
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Haggin Museum ($25,000), Children's Museum of Stockton ($15,000), Goodwill Industries of San Joaquin Valley ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALPHA PHI CHAPTER CHICAGO, IL | GENERAL SUPPORT | $2,500 |
| ALZHEIMERS ASSOCIATION CHICAGO, IL | GENERAL SUPPORT | $2,500 |
| AMERICAN ASSOC OF UNIVERSITY WOMEN SACRAMENTO, CA | GENERAL SUPPORT | $1,500 |
| AMERICAN LEGION CLINTON MCAUSLAND #190 RIPON, CA | GENERAL SUPPORT | $2,000 |
| ANIMAL PROTECTION LEAGUE STOCKTON, CA | GENERAL SUPPORT | $3,500 |
| CANCER KIDS SJC STOCKTON, CA | GENERAL SUPPORT | $1,000 |
| CATHOLIC CHARITIES WOODBRIDGE, CA | GENERAL SUPPORT | $3,000 |
| CHILD ABUSE PREVENTION COUNCIL STOCKTON, CA | GENERAL SUPPORT | $3,000 |
| CHILDREN'S HOME OF STOCKTON MIDLOTHIAN, VA | GENERAL SUPPORT | $1,500 |
| CHILDREN'S MUSEUM OF STOCKTON STOCKTON, CA | GENERAL SUPPORT | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Manuel Lopez — Chair, Director
- Valencia Jones — Vice Chair, Director
- Edward Figueroa — Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MANUEL LOPEZ | DIRECTOR | 1 | — |
| VALENCIA JONES | DIRECTOR | 1 | — |
| KARYN JOHNSON | CHAIR, DIRECTOR | 1 | — |
| NORA STROH | VICE CHAIR, DIRECTOR | 10 | $11,000 |
| MARK MORENO | DIRECTOR | 1 | — |
| MICHAEL DUFFY | DIRECTOR | 10 | — |
| STEVE LIEGA | DIRECTOR. SECRETARY, TREASURER | 10 | $11,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The 54 Fund fund?
The foundation's primary program area is general investments and general support funding. The organization awards grants to support various community initiatives in the Stockton area.
How do I apply for a grant from The 54 Fund?
**Grant Activity:** • Awarded 86 grants in 2023 • Total giving: $272,500 (2023) • Average grant size: $3,200 • Median grant size: $2,300 **Recent Grantees (2023):** • United Way of San Joaquin County: $35,000 • Stockton Beautiful A Community Commitment: $26,500 • Support Stockton Police Foundation: $25,000 The foundation also made a $1,500 grant to the Chinese Cultural Society of Stockton in 2024 for general support.
Where does The 54 Fund make grants?
The foundation focuses its grantmaking on the Stockton, California area and San Joaquin County region.
What size grants does The 54 Fund award?
In 2024, The 54 Fund awarded 99 grants totaling $527K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The 54 Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The 54 Fund reported a distributable amount of $719K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The 54 Fund's EIN?
The 54 Fund's EIN (Employer Identification Number) is 87-1724276. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The 54 Fund'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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The 54 Fund 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 The 54 Fund to a real strategy.