The Barbara Frances Family Foundation Inc
The Barbara Frances Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $813K in total assets. In 2024, it awarded 27 grants totaling $138K. Net investment income was $142K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$813K
-7.7% YoY
Annual Giving
$138K
+207.9% YoY
Grant Count
27
+92.9% YoY
Avg Grant Size
$5K
+59.7% YoY
Under IRS private-foundation payout rules, The Barbara Frances Family Foundation Inc reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About The Barbara Frances Family Foundation Inc
Based on IRS filings
The Barbara Frances Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $813K in total assets. In 2024, it awarded 27 grants totaling $138K. Net investment income was $142K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $812,962 | $880,948 | $663,490 |
| Revenue | $91,531 | $279,267 | $183,502 |
| Expenses | $159,517 | $61,809 | $39,314 |
| Qualifying Distributions | $157,636 | $59,672 | $37,882 |
| Net Investment Income | $142,133 | $35,263 | $22,264 |
| Distributable Amount | $36,651 | $25,341 | $21,435 |
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
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Caring House Inc ($12,000), Carying Place Incorporated ($12,000), Christian Community in Action ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A Caudle Raleigh, NC | Hardship Assistance Grant | $4,949 |
| CARING HOUSE INC DURHAM, NC | General & Unrestricted | $12,000 |
| CARYING PLACE INCORPORATED CARY, NC | General & Unrestricted | $12,000 |
| CHRISTIAN COMMUNITY IN ACTION CARY, NC | General & Unrestricted | $12,000 |
| HAVEN HOUSE INC RALEIGH, NC | General & Unrestricted | $12,000 |
| HOLY NAME OF JESUS CATHEDRAL RALEIGH, NC | General & Unrestricted | $6,000 |
| J Hinton Raleigh, NC | Hardship Assistance Grant | $1,490 |
| K Martinez Raleigh, NC | Hardship Assistance Grant | $5,000 |
| L Dobbin Cary, NC | Hardship Assistance Grant | $4,485 |
| L Lassiter Raleigh, NC | Hardship Assistance Grant | $3,588 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kelly Mulhern | Dir, Sec | 2 | — |
| Mark Mulhern | Dir, Pres, Treas | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Barbara Frances Family Foundation Inc?
The Barbara Frances Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $813K in total assets as of 2024.
How large is The Barbara Frances Family Foundation Inc?
As of 2024, The Barbara Frances Family Foundation Inc holds $813K in total assets with $92K in annual revenue. It awarded 27 grants totaling $138K in 2024.
Where does The Barbara Frances Family Foundation Inc operate?
The Barbara Frances Family Foundation Inc has awarded grants in North Carolina, New York.
What size grants does The Barbara Frances Family Foundation Inc award?
In 2024, The Barbara Frances Family Foundation Inc awarded 27 grants totaling $138K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Barbara Frances Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Barbara Frances Family Foundation Inc reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Barbara Frances Family Foundation Inc's EIN?
The Barbara Frances Family Foundation Inc's EIN (Employer Identification Number) is 87-2642094. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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