The Second Foundation
The Second Foundation is a private foundation focused on religion, based in Sedona, AZ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $88K in total assets. In 2025, it made $988 in qualifying distributions. Net investment income was $5K.
The Second Foundation at a glance
- Total assets
- $87,828
- +4.7% vs 2024
- Revenue (2025)
- $6,201
- -71.2% vs 2024
- Qualifying distributions (2025)
- $988
- -95.1% vs 2024
- Expenses (2025)
- $2,283
- -89.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Second Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Second Foundation gives
- Giving grew 264% from 2021 to 2024. Method
- In 2025 it paid out 8% 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 2019 to 2024, annual grant giving ranged from $3K (2020) to $20K (2024). In 2024 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seti Institute Mountain View, CA | Charitable | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $87,828 | $6,201 | $2,283 | — | — | $988 | $4,905 | $11,954 |
| 2024 | $83,910 | $21,528 | $21,750 | $20,000 | 1 | $20,000 | $20,528 | $11,248 |
| 2023 | $84,132 | $4,675 | $1,950 | — | — | $900 | $3,625 | $10,355 |
| 2022 | $81,405 | $15,513 | $19,350 | $19,000 | 1 | $19,000 | $4,403 | $11,746 |
| 2021 | $85,244 | $5,209 | $6,552 | $5,500 | 2 | $5,925 | $3,963 | $11,519 |
| 2020 | $86,586 | $4,301 | $4,174 | $3,100 | 2 | — | $3,726 | $9,057 |
| 2019 | $86,459 | $4,268 | $10,286 | $9,200 | 4 | — | $3,693 | $8,977 |
Under IRS private-foundation payout rules, The Second Foundation reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Second Foundation is led by Richard Factor, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Richard Factor
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Second Foundation
How large is The Second Foundation?
The Second Foundation reported $88K in total assets on its 2025 IRS Form 990-PF. It paid out $988 in qualifying distributions that year, against a required minimum of $12K (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.
What is The Second Foundation?
The Second Foundation is a private foundation focused on religion, based in Sedona, AZ. It holds $88K in total assets as of 2025.
Where does The Second Foundation operate?
The Second Foundation has awarded grants in Arizona, California, New Jersey.
What is The Second Foundation's EIN?
The Second Foundation's EIN (Employer Identification Number) is 13-3727668. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Second Foundation's focus areas in our free grants database
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Figures come from The Second 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 Second Foundation down — hundreds of funders to go?