The Goodfriend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 13 grants totaling $486K. Net investment income was $92K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
Annual Giving
$486K
Grant Count
13
Avg Grant Size
$37K
Under IRS private-foundation payout rules, The Goodfriend Foundation reported a distributable amount of $200K for 2024 — the minimum it must pay out in qualifying distributions.
About The Goodfriend Foundation
Based on IRS filings
The Goodfriend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 13 grants totaling $486K. Net investment income was $92K.
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 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,391,070 | $3,316,316 | $3,724,057 |
| Revenue | $737,433 | $-32,527 | $130,044 |
| Expenses | $524,282 | $375,214 | $629,963 |
| Qualifying Distributions | $485,500 | $337,000 | $592,600 |
| Net Investment Income | $91,906 | $85,413 | $68,360 |
| Distributable Amount | $199,514 | $154,475 | $216,404 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Univ of Tennessee Foundation ($120,000), The Volunteer Legacy ($85,000), Tennessee Wesleyan University ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TENNESSEE WESLEYAN UNIVERSITY ATHENS, TN | SUPPORT BUSINESS SCHOOL AT TWU | $60,000 |
| UNITED WAY OF MCMINNMEIGS COUNTIES ATHENS, TN | GENERAL SUPPORT FOR MISSION | $17,500 |
| UNITED WAY OF GREATER KNOXVILLE KNOXVILLE, TN | GENERAL SUPPORT FOR MISSION | $50,000 |
| KNOXVILLE JEWISH ALLIANCE KNOXVILLE, TN | GENERAL SUPPORT FOR MISSION | $35,000 |
| EAST TENNESSEE CHILDREN'S HOSPITAL KNOXVILLE, TN | BUILDINGS/IMPRVT TO FACILITIES | $50,000 |
| JEWISH FEDERATION OF THE DESERT RANCHO MIRAGE, CA | GENERAL SUPPORT FOR MISSION - RELIGI | $25,000 |
| TEMPLE BETH-EL KNOXVILLE, TN | GEN SUPPORT FOR MISSION - RELIGIOUS | $15,000 |
| THE KOINONIA FOUNDATION KNOXVILLE, TN | GENERAL SUPPORT | $1,000 |
| COLLEGE OF THE DESSERT PALM DESSERT, CA | GENERAL | $5,000 |
| RANCHO MIRAGE WRITERS FESTIVAL RANCHO MIRAGE, CA | GENERAL SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT M GOODFRIEND | DIRECTOR | — | — |
| WENDY S GOODFRIEND | DIRECTOR | — | — |
| JEFFREY A GOODFRIEND | DIRECTOR | — | — |
| STACEY G HODULICH | DIRECTOR | — | — |
| HAROLD I APOLISKY | DIRECTOR | — | — |
| LEIGH A KAYLOR | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Goodfriend Foundation?
The Goodfriend Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. It holds $3.4M in total assets as of 2024.
How large is The Goodfriend Foundation?
As of 2024, The Goodfriend Foundation holds $3.4M in total assets with $737K in annual revenue. It awarded 13 grants totaling $486K in 2024.
Where does The Goodfriend Foundation operate?
The Goodfriend Foundation has awarded grants in Alabama, California, Missouri, Tennessee.
What size grants does The Goodfriend Foundation award?
In 2024, The Goodfriend Foundation awarded 13 grants totaling $486K — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is The Goodfriend Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Goodfriend Foundation reported a distributable amount of $200K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Goodfriend Foundation's EIN?
The Goodfriend Foundation's EIN (Employer Identification Number) is 20-3791086. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Goodfriend 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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