The Farkas Family Foundation
The Farkas Family Foundation is a private foundation based in Charlottesville, Virginia. Established in 2000, the foundation operates as a 501(c)(3) organization with a focus on grantmaking in education, philanthropy, voluntarism, and human services.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.7M
-26.8% YoY
Annual Giving
$4.1M
+520.4% YoY
Grant Count
7
-80.0% YoY
Avg Grant Size
$585K
+3001.9% YoY
Under IRS private-foundation payout rules, The Farkas Family Foundation reported a distributable amount of $556K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, its grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily directs funding toward Virginia and Washington.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia and Washington.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2025:
- Total assets: $5,735,914
- Total revenues: $2,152,652
- Total expenses: $4,243,059
- Investment income and dividends: $273,579
- Net gain from sale of non-inventory assets: $1,817,538
- Miscellaneous revenues: $61,535
Number of employees: 0
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,735,914 | $7,831,125 | $8,246,075 |
| Revenue | $2,152,652 | $407,672 | $575,775 |
| Expenses | $4,243,059 | $803,144 | $758,411 |
| Qualifying Distributions | $4,094,500 | $660,000 | $626,000 |
| Net Investment Income | $255,254 | $351,249 | $202,867 |
| Distributable Amount | $555,569 | $575,650 | $574,751 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Legal Aid Justice Center ($4,000,000), Southern Environmental Law Center ($40,000), University of Virginia Midlife ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KINDNESS CVILLE CHARLOTTESVILLE, VA | GENERAL | $12,500 |
| LEGAL AID JUSTICE CENTER CHARLOTTESVILLE, VA | GENERAL | $4,000,000 |
| MOBIUS DISCOVERY CENTER SPOKANE, WA | GENERAL | $10,000 |
| SAINT GEORGE'S SCHOOL SPOKANE, WA | GENERAL | $5,000 |
| SOUTHERN ENVIRONMENTAL LAW CENTER CHARLOTTESVILLE, VA | GENERAL | $40,000 |
| UNIVERSITY OF VIRGINIA MIDLIFE CHARLOTTESVILLE, VA | GENERAL | $25,000 |
| BUFORD MIDDLE SCHOOL CHARLOTTESVILLE, VA | GENERAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GAIL MUNGER | TRUSTEE | — | $40,000 |
Contact Information
Address: 780 Broomley Road Charlottesville, VA 22901-7830
Telephone: 434-823-5772
EIN: 06-1593377
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Farkas Family Foundation fund?
The foundation has not publicly provided a formal mission statement. However, its grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily directs funding toward Virginia and Washington.
How do I apply for a grant from The Farkas Family Foundation?
**Grant Activity:** • Total giving: $4,094,500 • Number of grants made: 24 (most recent year) • Typical award range: $1,000–$4,000,000 **Recent Grants:** • Legal Aid Justice Center: $4,000,000 (2025) • Southern Environmental Law Center: $40,000 (2025) • Kindness Cville: $12,500 (2025)
Where does The Farkas Family Foundation make grants?
The foundation primarily funds organizations in Virginia and Washington.
What size grants does The Farkas Family Foundation award?
In 2025, The Farkas Family Foundation awarded 7 grants totaling $4.1M — an average of about $585K per grant, based on its IRS Form 990 filings.
How much is The Farkas Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Farkas Family Foundation reported a distributable amount of $556K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Farkas Family Foundation's EIN?
The Farkas Family Foundation's EIN (Employer Identification Number) is 06-1593377. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in The Farkas Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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