Tim and Peggy Farrell Fund Inc
Tim and Peggy Farrell Fund Inc is a private foundation based in Little Rock, Arkansas. Its 2025 filing states that its primary purpose is to distribute funds to individuals or organizations that have demonstrated an ability to better the community through charitable work.
Tim and Peggy Farrell Fund Inc at a glance
In short: Tim and Peggy Farrell Fund Inc gave $36K across 13 grants in 2025 (avg $3K), mostly in Arkansas. 15% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,000
- +5.0% vs 2024
- Grants made (2025)
- 13
- +0.0% vs 2024
- Average grant
- $2,769
- +5.0% vs 2024
- Median grant
- $2,000
- Total assets
- $493,835
- -3.4% vs 2024
- New grantees (estimate)
- 15% first-time grantees (2 of 13, 2025; small sample)
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Tim and Peggy Farrell Fund Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 2501 N Fillmore, Little Rock, AR 72207-3614
Phone: (501) 912-5050
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Tim and Peggy Farrell Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Ferncliff Camp & Conference Center ($10K). Together the top 10 received $35K.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 57 grants of 57 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars in filing year 2025 went to recipients in Arkansas.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is Tim and Peggy Farrell Fund Inc open to new grantees?
15%
first-time grantees, 2025
In 2025, 2 of 13 grantees (15%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $500; repeat grants $3K. How we count
Medians: $500 first-time, $3K repeat.
- 85% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $23K (2020) to $44K (2022). In 2025 it made 13 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ferncliff Camp & Conference Center Little Rock, AR | Support | $10,000 |
| Arkansas Razorback Foundation Fayetteville, AR | Support | $6,000 |
| Carti Little Rock, AR | Support | $5,000 |
| Arkansas Repertory Theatre Little Rock, AR | Support | $3,000 |
| Second Presbyterian Church Little Rock, AR | Support | $3,000 |
| Arkansas Easter Seals Little Rock, AR | Support | $2,500 |
| Uams Institute on Aging Little Rock, AR | Support | $2,000 |
| Alzheimers Arkansas Little Rock, AR | Support | $1,000 |
| Ar Cinema Society Little Rock, AR | Support | $1,000 |
| Ar Symphony Orchestra Little Rock, AR | Support | $1,000 |
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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 | $493,835 | $33,548 | $50,822 | $36,000 | 13 | $36,000 | $26,141 | $24,384 |
| 2024 | $511,109 | $19,338 | $49,589 | $34,279 | 13 | $34,279 | $9,470 | $25,785 |
| 2023 | $541,360 | $5,128 | $37,865 | $24,440 | 10 | $24,440 | $6,451 | $32,806 |
| 2022 | $574,097 | $64,250 | $57,064 | $44,045 | 11 | $44,045 | $56,913 | $32,395 |
| 2020 | $509,854 | $24,309 | $33,074 | $23,248 | 10 | — | $17,015 | $30,442 |
Under IRS private-foundation payout rules, Tim and Peggy Farrell Fund Inc reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation describes its primary purpose as distributing funds to individuals or organizations whose charitable work benefits the community. Its 2025 grants included support for organizations working in areas such as youth camping, the arts, health, and community life.
Among its 2025 grantees, Ferncliff Camp & Conference Center describes itself as a religious youth camp and conference center that welcomes people into caring for creation, others, and themselves. Arkansas Repertory Theatre says it produces diverse theatrical work and uses dramatic storytelling to entertain, engage, and challenge local and regional audiences.
Grantmaking
In filing year 2025, the foundation gave 13 grants totaling $36,000. Grant amounts ranged from $500 to $10,000, with a median grant of $2,000. Notable grants included $10,000 to Ferncliff Camp & Conference Center, $6,000 to Arkansas Razorback Foundation, $5,000 to CARTI, and $3,000 each to Arkansas Repertory Theatre and Second Presbyterian Church.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tim Farrell and Peggy Farrell as directors.
Tim and Peggy Farrell Fund Inc's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Tim Farrell
Director
On filings since 2020
1 hr/week
$3K (2020) → $7K (2025)
Peggy Farrell
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to Tim Farrell (Director).
Frequently asked questions about Tim and Peggy Farrell Fund Inc
How much does Tim and Peggy Farrell Fund Inc give each year?
Tim and Peggy Farrell Fund Inc gave $36K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $34K across 13 grants.
What is Tim and Peggy Farrell Fund Inc's typical grant size?
Tim and Peggy Farrell Fund Inc's median grant in 2025 was $2,000, and its average grant was $2,769, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Tim and Peggy Farrell Fund Inc that year got $500 on average.
Where does Tim and Peggy Farrell Fund Inc give grants?
Tim and Peggy Farrell Fund Inc gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Little Rock, AR (10 grants).
Does Tim and Peggy Farrell Fund Inc give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Tim and Peggy Farrell Fund Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (13 grants).
Who are Tim and Peggy Farrell Fund Inc's largest grantees?
Tim and Peggy Farrell Fund Inc's largest 2025 grantees include Ferncliff Camp & Conference Center ($10,000), Arkansas Razorback Foundation ($6,000) and Carti ($5,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Tim and Peggy Farrell Fund Inc?
Tim and Peggy Farrell Fund Inc reported $494K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
What does Tim and Peggy Farrell Fund Inc fund?
The foundation describes its primary purpose as distributing funds to individuals or organizations whose charitable work benefits the community. Its 2025 grants included support for organizations working in areas such as youth camping, the arts, health, and community life. See mission & focus areas ↑
How do I apply for a grant from Tim and Peggy Farrell Fund Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Tim and Peggy Farrell Fund Inc's EIN?
Tim and Peggy Farrell Fund Inc's EIN (Employer Identification Number) is 20-0374985. IRS Form 990 filing data is available on this page for 2020–2025.
Does Tim and Peggy Farrell Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Tim and Peggy Farrell Fund Inc'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.
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