The Fred Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+3.9% YoY
Annual Giving
$134K
+105.7% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$67K
+105.7% YoY
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.
About The Fred Foundation
Based on IRS filings
The Fred Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,732,385 | $3,590,894 | $3,414,942 |
| Revenue | $97,312 | $193,638 | $1,748,046 |
| Expenses | $142,104 | $70,506 | $78,660 |
| Qualifying Distributions | $137,474 | $70,506 | $77,000 |
| Net Investment Income | $95,365 | $93,638 | $198,046 |
| Distributable Amount | $165,677 | $140,697 | $64,952 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ambassador Baptist College ($83,700), Fundamental Baptist Mission to India Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMBASSADOR BAPTIST COLLEGE LATTIMORE, NC | CONTRIBUTION | $83,700 |
| FUNDAMENTAL BAPTIST MISSION TO INDIA FOUNDATION AMHERST, NH | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID SCHWANKE | PRESIDENT AND TREASURER | 2 | — |
| MERRILEE SCHWANKE | VICE PRES AND SECRETARY | 1.5 | — |
| PAUL SCHWANKE | DIRECTOR | 0.5 | — |
| BARNABAS SCHWANKE | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Fred Foundation?
The Fred Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMHERST, NH. It holds $3.7M in total assets as of 2024.
How large is The Fred Foundation?
As of 2024, The Fred Foundation holds $3.7M in total assets with $97K in annual revenue. It awarded 2 grants totaling $134K in 2024.
Where does The Fred Foundation operate?
The Fred Foundation has awarded grants in Massachusetts, Maine, North Carolina, New Hampshire, Pennsylvania, Virginia.
What size grants does The Fred Foundation award?
In 2024, The Fred Foundation awarded 2 grants totaling $134K — an average of about $67K per grant, based on its IRS Form 990 filings.
How much is The Fred Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Fred Foundation reported a distributable amount of $166K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Fred 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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