The Farrand Foundation Inc
The Farrand Foundation Inc is a private foundation, based in Norfolk, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $305K in total assets. In 2025, it awarded 5 grants totaling $12K. Net investment income was $48K.
The Farrand Foundation Inc at a glance
In short: The Farrand Foundation Inc gave $12K across 5 grants in 2025 (avg $2K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,000
- +1100.0% vs 2024
- Grants made (2025)
- 5
- +400.0% vs 2024
- Average grant
- $2,400
- +140.0% vs 2024
- Median grant
- $2,000
- Total assets
- $305,339
- +2950.3% vs 2024
- Primary geography
- North Carolina (50% 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 Farrand Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Historic Hope Foundation ($5K). Together the top 5 received $12K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How The Farrand Foundation Inc gives
- In 2025 it paid out 45% 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 2024 to 2025, annual grant giving ranged from $1K (2024) to $12K (2025). In 2025 it made 5 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Historic Hope Foundation Windsor, NC | General Donation | $5,000 |
| Mariners Museum Newport News, VA | General Donation | $3,000 |
| Norfolk Society for Cemetery Cons Norfolk, VA | General Donation | $2,000 |
| The Lost Colony Manteo, NC | General Donation | $1,000 |
| Humane Society of Saint Thomas St Thomas, VI | General Donation | $1,000 |
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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 | $305,339 | $312,759 | $17,430 | $12,000 | 5 | $12,000 | $48,449 | $26,760 |
| 2024 | $10,010 | — | $1,025 | $1,000 | 1 | $1,000 | — | $497 |
| 2023 | $11,035 | — | $25 | — | — | — | — | $543 |
| 2021 | $11,060 | $1 | $54 | — | — | — | $1 | $546 |
| 2020 | $11,113 | $8 | $335 | — | — | — | — | $563 |
| 2019 | $11,440 | $8 | $310 | — | — | — | — | $579 |
Under IRS private-foundation payout rules, The Farrand Foundation Inc reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Farrand Foundation Inc is led by Todd Farrand, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Todd Farrand
President
On filings since 2019
No compensation reported
Jerry Bowman
Vice President Secretary
Vice President → Vice President Secretary, 2021
On filings since 2019
No compensation reported
Patrick Corbin
Vice President
On filings since 2019
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.
Frequently asked questions about The Farrand Foundation Inc
How much does The Farrand Foundation Inc give each year?
The Farrand Foundation Inc gave $12K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1K across 1 grant.
What is The Farrand Foundation Inc's typical grant size?
The Farrand Foundation Inc's median grant in 2025 was $2,000, and its average grant was $2,400, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Farrand Foundation Inc give grants?
The Farrand Foundation Inc gives mostly in North Carolina: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (42%) and U.S. Virgin Islands (8%).
Does The Farrand Foundation Inc give general operating support?
Yes: 100% of The Farrand Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Farrand Foundation Inc's largest grantees?
The Farrand Foundation Inc's largest 2025 grantees include Historic Hope Foundation ($5,000), Mariners Museum ($3,000) and Norfolk Society for Cemetery Cons ($2,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is The Farrand Foundation Inc?
The Farrand Foundation Inc reported $305K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $27K (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 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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS January 6, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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