The Fine Fund is a private family foundation based in Pittsburgh, Pennsylvania, established in 2007. Founded by Milton Fine, co-founder of Interstate Hotels Corporation, the foundation operates through FFC Capital Corporation for investment management and philanthropic purposes. The Fine Fund is designated as a 501(c)(3) organization and has been tax-exempt since August 2008.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+308.0% YoY
Annual Giving
$282K
+13.1% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$11K
+13.1% YoY
Mission & Focus Areas
The Fine Fund gives primarily to the environment and visual arts. The foundation supports a broad geographic reach across the United States without narrowly defined subject area restrictions, though environmental and visual arts initiatives represent its primary philanthropic interests.
Grantmaking
The foundation accepts letters of inquiry. Applicants should note geographic restrictions focusing on the Boston area and funding interests in environmental and visual arts fields.
Average Grant
amount: approximately $10,000
How to Apply
**
Ready to take the next step with The Fine Fund?
Geographic Focus
Where this funder awards grants
The Fine Fund supports a wide range of cities and communities across the United States, including major urban centers such as New York, San Francisco, and Seattle, as well as smaller communities like Bozeman and Hardwick. Grantmaking reaches organizations across 13 states, with primary concentration in Massachusetts, New York, and California, which account for 42% of all grants. Additional funding regions include the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $797,722 (2023)
- Annual Revenue: $276,253 (2023)
- Annual Expenses: $301,938 (2023)
- Total Liabilities: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,254,986 | $797,722 | $823,407 |
| Revenue | $2,812,107 | $276,253 | $282,811 |
| Expenses | $354,843 | $301,938 | $335,673 |
| Qualifying Distributions | $349,451 | $291,161 | $333,457 |
| Net Investment Income | $57,136 | $15,981 | $30,495 |
| Distributable Amount | $86,714 | $53,371 | $55,788 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
139 grants across all recorded years
Open Grants
1 open opportunity from The Fine Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Carolyn Fine Friedman — Director, Chair, and CEO (serves on a voluntary basis without compensation)
- Thomas J. Lavelle — Director and Treasurer (serves on a voluntary basis without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLYN FINE FRIEDMAN | DIRECTOR, CHAIR, & CEO | 3 | — |
| THOMAS J LAVELLE | DIRECTOR & TREASURER | 1 | — |
Contact Information
Address: 1 PPG Place, Suite 1670, Pittsburgh, PA 15222-5401
Telephone: 412-444-3500
EIN: 26-0697144
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Fine Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities