Triple B Foundation
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.
Key facts about Triple B Foundation
- EIN
- 92-3675413
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $12,597
- Grants made (2024)
- 4
- Average grant
- $3,149
- Median grant
- $2,157
- Total assets
- $85,869
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Triple B Foundation funds
By grant dollars, the top recipient states for Triple B Foundation's 4 itemized 2024 grants were New Jersey (100%). The most frequent recipient cities were Somerset, NJ (2 grants). None of its 4 grants with a stated purpose were described as general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$86K
+59.2% YoY
Annual Giving
$13K
Grant Count
4
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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 recipients 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 |
| Union County Club Plainfield, NJ | Scholarship awards in the amount of $1500.00 for each recipient | $3,000 |
| Franklin Twp Youth Center Somerset, NJ | Sponsorship of the Bruce Medley Mad Madness Basketball Tournament | $1,314 |
| 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
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.
What is Triple B Foundation's EIN?
Triple B Foundation's EIN (Employer Identification Number) is 92-3675413. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Triple B 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.