The Fred Foundation
The Fred Foundation is a private foundation, based in Amherst, NH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 2 grants totaling $134K. Net investment income was $95K.
The Fred Foundation at a glance
In short: The Fred Foundation gave $134K across 2 grants in 2024 (avg $67K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $133,700
- +105.7% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $66,850
- +105.7% vs 2023
- Median grant
- $66,850
- Total assets
- $3,732,385
- +3.9% vs 2023
- Primary geography
- North Carolina (63% 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 Fred Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Ambassador Baptist College ($84K). Together the top 2 received $134K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 7 grants of 10 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Fred Foundation gives
- Giving grew 123% from 2021 to 2024. Method
- In 2024 it paid out 83% 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 2020 to 2024, annual grant giving ranged from $54K (2020) to $134K (2024). In 2024 it made 2 grants totaling $134K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ambassador Baptist College Lattimore, NC | Contribution | $83,700 |
| Fundamental Baptist Mission to India Foundation Amherst, NH | General Support | $50,000 |
Ready to take the next step with The Fred Foundation?
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 | $3,732,385 | $97,312 | $142,104 | $133,700 | 2 | $137,474 | $95,365 | $165,677 |
| 2023 | $3,590,894 | $193,638 | $70,506 | $65,000 | 2 | $70,506 | $93,638 | $140,697 |
| 2022 | $3,414,942 | $1,748,046 | $78,660 | $77,000 | 2 | $77,000 | $198,046 | $64,952 |
| 2021 | $2,030,801 | $102,313 | $61,549 | $60,000 | 2 | $60,000 | $2 | $75,844 |
| 2020 | $1,857,865 | $66,987 | $56,571 | $54,000 | 2 | — | $48 | $63,118 |
Under IRS private-foundation payout rules, The Fred Foundation reported a distributable amount of $166K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Fred Foundation is led by David Schwanke, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Schwanke
President & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Barnabas Schwanke
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Paul Schwanke
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Merrilee Schwanke
Vice President & Secretary
On filings since 2020
1.5 hrs/week
No compensation reported
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.
Frequently asked questions about The Fred Foundation
How much does The Fred Foundation give each year?
The Fred Foundation gave $134K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $65K across 2 grants.
How large is The Fred Foundation?
The Fred Foundation reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $137K in qualifying distributions that year, against a required minimum of $166K (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.
Where does The Fred Foundation operate?
The Fred Foundation has awarded grants in Massachusetts, Maine, North Carolina, New Hampshire, Pennsylvania, Virginia.
What is The Fred Foundation's EIN?
The Fred Foundation's EIN (Employer Identification Number) is 20-5012358. 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
Explore Open Grants
Browse active grant opportunities in The Fred Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
The Barry G Blenis Foundation Inc
Surprise, NY
Assets
$913K
Grants
1
Total Given
$10K
David Flagg Ministries
Orinda, CA
Assets
$927K
Grants
2
Total Given
$18K
Futureus Foundation
Covington, LA
Assets
$5K
Grants
2
Total Given
$85K
Eddy Family Foundation
Sioux Falls, SD
Assets
$2.9M
Grants
5
Total Given
$140K
Frances Lyman Tr FBO Charities
Dallas, TX
Assets
$1.7M
Grants
6
Total Given
$89K
Pisgah Health Foundation
Brevard, NC
Pisgah Health Foundation funds nonprofit and community efforts that improve health and well-being, including housing, food access, transportation, economic stability, and disaster relief. Recent grants ranged from $7,500 to $60,000, with a median of $20,000, and its stated regional focus is Transylvania, Haywood, and Madison counties in North Carolina.
Assets
$15.5M
Grants
8
Total Given
$192K
More similar funders
More Funders in New Hampshire
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Fred Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Fred Foundation down — hundreds of funders to go?