The Fannie Milton and Leslie
The Fannie Milton and Leslie is a private foundation, based in Norfolk, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.9M in total assets. In 2025, it awarded 3 grants totaling $130K. Net investment income was $581K.
The Fannie Milton and Leslie at a glance
In short: The Fannie Milton and Leslie gave $130K across 3 grants in 2025 (avg $43K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $130,000
- -27.8% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $43,333
- -3.7% vs 2024
- Median grant
- $20,000
- Total assets
- $3,889,059
- +11.6% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Fannie Milton and Leslie funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Virginia Arts Festival ($100K). Together the top 3 received $130K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 10 grants of 20 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Fannie Milton and Leslie gives
- Giving fell 28% from 2022 to 2025. Method
- In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $130K (2023) to $190K (2019). In 2025 it made 3 grants totaling $130K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Arts Festival Norfolk, VA | Support the arts through the generation of cultural tourism | $100,000 |
| Virginia Stage Company Norfolk, VA | Enrich, educate, and entertain the region through theatrical art | $20,000 |
| Lake Taylor Transitional Care Hospital Foundation Norfolk, VA | Provide Funding for a Palliative Care Program | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,889,059 | $619,940 | $216,567 | $130,000 | 3 | $171,361 | $581,418 | $215,947 |
| 2024 | $3,485,686 | $344,038 | $257,971 | $180,000 | 4 | $222,568 | $308,635 | $209,266 |
| 2023 | $3,399,619 | $85,257 | $205,257 | $130,000 | 3 | $172,377 | $86,361 | $194,588 |
| 2022 | $3,519,619 | $114,508 | $261,939 | $180,000 | 5 | $222,125 | $81,598 | $203,593 |
| 2021 | $3,667,050 | $327,574 | $259,721 | $180,000 | 5 | $222,005 | $290,936 | $228,564 |
| 2020 | $3,599,197 | $131,943 | $256,084 | $180,650 | 6 | — | $100,606 | $198,678 |
| 2019 | $3,723,338 | $199,388 | $264,283 | $190,150 | 5 | — | $168,232 | $199,878 |
Under IRS private-foundation payout rules, The Fannie Milton and Leslie reported a distributable amount of $216K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Fannie Milton and Leslie is led by Leslie Friedman, President on every filing since 2019; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Leslie Friedman
President
On filings since 2019
10 hrs/week
$40K (2019) → $40K (2025)
Edith Grandy
Vice President
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $40K, to Leslie Friedman (President).
Frequently asked questions about The Fannie Milton and Leslie
How much does The Fannie Milton and Leslie give each year?
The Fannie Milton and Leslie gave $130K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $180K across 4 grants.
What is The Fannie Milton and Leslie's typical grant size?
The Fannie Milton and Leslie's median grant in 2025 was $20,000, and its average grant was $43,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Fannie Milton and Leslie give grants?
The Fannie Milton and Leslie gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Norfolk, VA (3 grants).
Does The Fannie Milton and Leslie give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Fannie Milton and Leslie's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Fannie Milton and Leslie?
The Fannie Milton and Leslie reported $3.9M in total assets on its 2025 IRS Form 990-PF. It paid out $171K in qualifying distributions that year, against a required minimum of $216K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Fannie Milton and Leslie's EIN?
The Fannie Milton and Leslie's EIN (Employer Identification Number) is 54-1741509. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 21, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 12, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). The Fannie Milton and Leslie funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-fannie-milton-and-leslie-morg_53105d9f6f3042ac9eedac5dec94a97a
BibTeX
@misc{grantable_541741509_2026,
author = {{Grantable}},
title = {{The Fannie Milton and Leslie funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-fannie-milton-and-leslie-morg_53105d9f6f3042ac9eedac5dec94a97a},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Fannie Milton and Leslie's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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