The Farrand Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 1 grants totaling $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
-9.3% YoY
Annual Giving
$1K
Grant Count
1
Avg Grant Size
$1K
Under IRS private-foundation payout rules, The Farrand Foundation Inc reported a distributable amount of $497 for 2024 — the minimum it must pay out in qualifying distributions.
About The Farrand Foundation Inc
Based on IRS filings
The Farrand Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 1 grants totaling $1K.
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 | 2021 |
|---|---|---|---|
| Total Assets | $10,010 | $11,035 | $11,060 |
| Revenue | — | — | $1 |
| Expenses | $1,025 | $25 | $54 |
| Qualifying Distributions | $1,000 | — | — |
| Net Investment Income | — | — | $1 |
| Distributable Amount | $497 | $543 | $546 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historic Hope Foundation ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HISTORIC HOPE FOUNDATION WINDSOR, NC | GENERAL DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD FARRAND | PRESIDENT | — | — |
| JERRY BOWMAN | VP SECRETARY | — | — |
| PATRICK CORBIN | VICE PRESIDE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Farrand Foundation Inc?
The Farrand Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. It holds $10K in total assets as of 2024.
How large is The Farrand Foundation Inc?
As of 2024, The Farrand Foundation Inc holds $10K in total assets. It awarded 1 grants totaling $1K in 2024.
Where does The Farrand Foundation Inc operate?
The Farrand Foundation Inc has awarded grants in North Carolina.
What size grants does The Farrand Foundation Inc award?
In 2024, The Farrand Foundation Inc awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Farrand Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Farrand Foundation Inc reported a distributable amount of $497 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Farrand Foundation Inc's EIN?
The Farrand Foundation Inc's EIN (Employer Identification Number) is 54-1958321. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Farrand Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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