The FAF Foundation
The FAF Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5K in total assets. In 2024, it awarded 3 grants totaling $15K. Net investment income was $339.
The FAF Foundation at a glance
In short: The FAF Foundation gave $15K across 3 grants in 2024 (avg $5K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $15,000
- -11.8% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $5,000
- -11.8% vs 2023
- Median grant
- $5,000
- Total assets
- $5,133
- -53.9% vs 2023
- Primary geography
- Illinois (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The FAF Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Raices ($5K). Together the top 3 received $15K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 50 grants of 51 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The FAF Foundation gives
- Giving fell 95% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $15K (2024) to $286K (2021). In 2024 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Raices San Antonio, TX | Child Care | $5,000 |
| Nourishing Hopelakeview Pantry Chicago, IL | Donation to Food Pantry | $5,000 |
| Arvd Foundation Park Ridge, IL | Donation to Foundation | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,133 | $10,339 | $16,331 | $15,000 | 3 | $15,000 | $339 | $404 |
| 2023 | $11,125 | $19,002 | $18,517 | $17,000 | 3 | $17,000 | $102 | $180 |
| 2022 | $10,640 | $110 | $21,702 | $19,000 | 5 | $19,000 | $110 | $957 |
| 2021 | $32,232 | $21,933 | $285,895 | $285,750 | 22 | $285,750 | $6,275 | $11,933 |
| 2020 | $296,194 | $31,427 | $24,020 | $22,350 | 18 | — | $8,408 | $11,363 |
Under IRS private-foundation payout rules, The FAF Foundation reported a distributable amount of $404 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The FAF Foundation is led by Charles H. Garrido Jr., President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles H. Garrido Jr.
President
On filings since 2020
No compensation reported
Ashley M. Garrido
Secretary
On filings since 2020
No compensation reported
Jason Mark Roberts
Board Member
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 The FAF Foundation
How much does The FAF Foundation give each year?
The FAF Foundation gave $15K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 3 grants.
What is The FAF Foundation's typical grant size?
The FAF Foundation's median grant in 2024 was $5,000, and its average grant was $5,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The FAF Foundation give grants?
The FAF Foundation gives mostly in Illinois: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (33%).
Does The FAF Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The FAF Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The FAF Foundation?
The FAF Foundation reported $5K in total assets on its 2024 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $404 (roughly 5% of its investment assets).
What is The FAF Foundation's EIN?
The FAF Foundation's EIN (Employer Identification Number) is 47-2519674. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 4, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The FAF Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The FAF Foundation's focus areas in our free grants database
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