The Fiducia Fund
The Fiducia Fund is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.3M in total assets. In 2024, it awarded 7 grants totaling $1.9M. Net investment income was $907K.
The Fiducia Fund at a glance
In short: The Fiducia Fund gave $1.9M across 7 grants in 2024 (avg $272K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,904,000
- +11.9% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $272,000
- -4.1% vs 2023
- Median grant
- $50,000
- Total assets
- $21,254,500
- -5.0% vs 2023
- Primary geography
- Massachusetts (66% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Fiducia Fund funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was WGBH ($1.0M). Together the top 7 received $1.9M.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 17 grants of 33 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Fiducia Fund gives
- Giving grew 75% from 2021 to 2024. Method
- In 2024 it paid out 157% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $250K (2020) to $1.9M (2024). In 2024 it made 7 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| WGBH Boston, MA | General Operating | $1,000,000 |
| Columbia University New York, NY | General Operating | $600,000 |
| Danafarber Cancer Institute Boston, MA | General Operating | $200,000 |
| US Soccer Foundation Washington, DC | General Operating | $50,000 |
| GBH News Boston, MA | General Operating | $50,000 |
| Rewild Long Island Port Washington, NY | General Operating | $3,000 |
| Wliw-FM New York, NY | General Operating | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $21,254,500 | $973,066 | $2,007,331 | $1,904,000 | 7 | $1,938,999 | $906,995 | $1,233,548 |
| 2023 | $22,375,414 | $612,367 | $1,799,442 | $1,702,000 | 6 | $1,737,340 | $581,524 | $1,149,645 |
| 2022 | $23,599,370 | $1,860,154 | $1,399,120 | $1,212,500 | 11 | $1,263,149 | $1,769,929 | $1,159,644 |
| 2021 | $23,065,949 | $1,738,392 | $1,248,297 | $1,087,000 | 7 | $1,149,607 | $1,354,870 | $1,330,409 |
| 2020 | $22,517,916 | $543,984 | $382,310 | $250,000 | 2 | — | $484,838 | $1,125,463 |
Under IRS private-foundation payout rules, The Fiducia Fund reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Fiducia Fund's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
BNY Mellon N A
Trustee
Co-Trustee → Trustee, 2022
On filings since 2020
1 hr/week
$103K (2020) → $87K (2024)
David Andrew Trust
Co-Trustee
On filings since 2021
No compensation reported
Diane K. Trust
Co-Trustee
On filings since 2021
No compensation reported
Former officers (2)
- Former: BNY Mellon Trust CO Of Delaware (2021) — Co-Trustee
- Former: David Andrew (2020) — Co-Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $87K, to BNY Mellon N a (Trustee).
Frequently asked questions about The Fiducia Fund
How much does The Fiducia Fund give each year?
The Fiducia Fund gave $1.9M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 6 grants.
What is The Fiducia Fund's typical grant size?
The Fiducia Fund's median grant in 2024 was $50,000, and its average grant was $272,000, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Fiducia Fund give grants?
The Fiducia Fund gives mostly in Massachusetts: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (32%). The most frequent recipient cities were Boston, MA (3 grants) and New York, NY (2 grants).
Does The Fiducia Fund give general operating support?
Yes: 100% of The Fiducia Fund's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Fiducia Fund's largest grantees?
The Fiducia Fund's largest 2024 grantees include WGBH ($1,000,000), Columbia University ($600,000) and Danafarber Cancer Institute ($200,000), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is The Fiducia Fund?
The Fiducia Fund reported $21.3M in total assets on its 2024 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets).
What is The Fiducia Fund's EIN?
The Fiducia Fund's EIN (Employer Identification Number) is 84-6683674. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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