Triple B Foundation

Foundation · Grantmaker SOMERSET, NJ EIN: 92-3675413

Community Improvement & Capacity Building

Triple B Foundation is a private foundation focused on Community Improvement & Capacity Building, based in SOMERSET, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $86K in total assets. In 2024, it awarded 4 grants totaling $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$86K

+59.2% YoY

Annual Giving

$13K

Grant Count

Avg Grant Size

$3K

Under IRS private-foundation payout rules, Triple B Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Triple B Foundation

Based on IRS filings

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $13K (100%)

States

New Jersey

Cities

Franklin ParkPlainfieldSomerset

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$85,869	$53,942
Revenue	$55,630	$55,000
Expenses	$23,703	$1,058
Qualifying Distributions	$44,664	—
Net Investment Income	—	—
Distributable Amount	$1,500	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Claremont Elementary School ($7,233), Union County Club ($3,000), Franklin Twp Youth Center ($1,314).

Recipient	Purpose	Amount
Claremont Elementary School Franklin Park, NJ	Provided sensory tools for the Neurodivergent student body	$7,233
Franklin Twp Youth Center Somerset, NJ	Sponsorship of the Bruce Medley Mad Madness Basketball Tournament	$1,314
Union County Club Plainfield, NJ	Scholarship awards in the amount of $1500.00 for each recipient	$3,000
Jack and Jill of America Inc Somerset, NJ	Contribution to a fund raising event	$1,050

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Cecily Barrington	President	2	—
Jenny Breedy	Vice President	5	—
Makeda A Breedy Fryson	Secretary	20	$8,364
Kwame Breedy	Member at Large	2	—

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Triple B Foundation?

Triple B Foundation is a private foundation focused on Community Improvement & Capacity Building, based in SOMERSET, NJ. It holds $86K in total assets as of 2024.

How large is Triple B Foundation?

As of 2024, Triple B Foundation holds $86K in total assets with $56K in annual revenue. It awarded 4 grants totaling $13K in 2024.

Where does Triple B Foundation operate?

Triple B Foundation has awarded grants in New Jersey.

What size grants does Triple B Foundation award?

In 2024, Triple B Foundation awarded 4 grants totaling $13K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Triple B Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Triple B Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.