The Follow Foundation

NARRAGANSETT, RI EIN: 04-2992857

The Follow Foundation is a private foundation, based in NARRAGANSETT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $884K in total assets. In 2024, it awarded 1 grants totaling $57K. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$884K

-2.5% YoY

Annual Giving

$57K

+33.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$57K

+33.1% YoY

Under IRS private-foundation payout rules, The Follow Foundation reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.

About The Follow Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $549K (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$883,635	$905,979	$918,142
Revenue	$40,228	$35,711	$16,368
Expenses	$62,572	$47,874	$142,124
Qualifying Distributions	$57,227	$43,000	$137,350
Net Investment Income	$36,871	$32,465	$12,929
Distributable Amount	$43,549	$44,450	$50,178

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Combined Jewish Philanthropies ($57,227).

Recipient	Purpose	Amount
COMBINED JEWISH PHILANTHROPIES BOSTON, MA	SUPPORTING AND FULFILLING THE ORGANIZATION'S CHARITABLE PURPOSE.	$57,227

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL ROSENFELD	TRUSTEE	—	—
NAOMI ROSENFELD	TRUSTEE	—	—

Frequently Asked Questions

How large is The Follow Foundation?

As of 2024, The Follow Foundation holds $884K in total assets with $40K in annual revenue. It awarded 1 grants totaling $57K in 2024.

Where does The Follow Foundation operate?

The Follow Foundation has awarded grants in Massachusetts.

What size grants does The Follow Foundation award?

In 2024, The Follow Foundation awarded 1 grants totaling $57K — an average of about $57K per grant, based on its IRS Form 990 filings.

How much is The Follow Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Follow Foundation reported a distributable amount of $44K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.