The Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 7 grants totaling $405K. Net investment income was $166K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
-3.9% YoY
Annual Giving
$405K
+0.8% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$58K
+15.2% YoY
Under IRS private-foundation payout rules, The Farrell Family Foundation reported a distributable amount of $337K for 2024 — the minimum it must pay out in qualifying distributions.
About The Farrell Family Foundation
Based on IRS filings
The Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 7 grants totaling $405K. Net investment income was $166K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $5,914,109 | $6,155,386 | $6,555,458 |
| Revenue | $186,258 | $25,407 | $-14,512 |
| Expenses | $428,209 | $424,800 | $365,713 |
| Qualifying Distributions | $407,635 | $406,964 | $290,465 |
| Net Investment Income | $165,684 | $95,975 | $74,519 |
| Distributable Amount | $337,488 | $293,524 | $302,712 |
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 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of VA ($150,000), Virginia Athletic Foundation ($100,000), Virginia Museum of History & Culture ($80,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Collegiate School Richmond, VA | Annual FundAnnual Fund | $40,000 |
| Focus of Richmond Richmond, VA | Annual Fund | $5,000 |
| Virginia Athletic Foundation Charlottesville, VA | Unrestricted Support | $100,000 |
| Colonial Williamsburg Foundation Williamsburg, VA | Unrestricted Support (IMO Thomas F. Farrell II) | $10,000 |
| Break Through Cancer Foundation Cambridge, MA | Unrestricted Support (IMO Thomas Farrell II) | $20,000 |
| University of VA Charlottesville, VA | Hospital Cancer Research | $150,000 |
| Virginia Museum of History & Culture Richmond, VA | Unrestricted Support | $80,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anne Garland Farrell | President/Director | 1 | — |
| Stuart T Farrell | Treasurer/Director | 1 | — |
| Peter F Farrell | Secretary/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Farrell Family Foundation?
The Farrell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $5.9M in total assets as of 2024.
How large is The Farrell Family Foundation?
As of 2024, The Farrell Family Foundation holds $5.9M in total assets with $186K in annual revenue. It awarded 7 grants totaling $405K in 2024.
Where does The Farrell Family Foundation operate?
The Farrell Family Foundation has awarded grants in Massachusetts, Virginia.
What size grants does The Farrell Family Foundation award?
In 2024, The Farrell Family Foundation awarded 7 grants totaling $405K — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is The Farrell Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Farrell Family Foundation reported a distributable amount of $337K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Farrell Family Foundation's EIN?
The Farrell Family Foundation's EIN (Employer Identification Number) is 81-4759590. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Farrell Family Foundation'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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