Two Friends Foundation
Two Friends Foundation is a private foundation, based in Santa Rosa, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 5 grants totaling $166K. Net investment income was $87K.
Two Friends Foundation at a glance
In short: Two Friends Foundation gave $166K across 5 grants in 2025 (avg $33K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $165,970
- -53.5% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $33,194
- -53.5% vs 2024
- Median grant
- $20,000
- Total assets
- $3,011,551
- +3.3% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Two Friends Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Bayview Hunters Point YMCA ($110K). Together the top 4 received $166K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 12 grants of 25 (48%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Two Friends Foundation gives
- Giving fell 42% from 2022 to 2025. Method
- In 2025 it paid out 122% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $111K (2021) to $357K (2024). In 2025 it made 5 grants totaling $166K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bayview Hunters Point YMCA San Francisco, CA | Flag football program Academic Case Manager | $110,000 |
| Napa Valley State Parks Association Calistoga, CA | Bothe-Napa Valley State Park Visitor's Center interpretive exhibits updates. | $20,000 |
| Napa Valley State Parks Association Calistoga, CA | School trips / transportation to Bale Grist Mill | $20,000 |
| Napa Valley Give Guide Napa, CA | Gift matching to other donors | $10,970 |
| American Cancer Society Monrovia, CA | Youth Cancer Health Annual Conference | $5,000 |
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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 | $3,011,551 | $94,790 | $185,591 | $165,970 | 5 | $173,700 | $87,160 | $142,088 |
| 2024 | $2,915,261 | $242,105 | $366,253 | $356,885 | 5 | $356,885 | $239,355 | $131,632 |
| 2023 | $2,602,961 | $35,040 | $336,102 | $325,409 | 6 | $325,409 | $37,282 | $126,125 |
| 2022 | $3,064,956 | $135,988 | $303,883 | $286,625 | 6 | $286,625 | $135,903 | $158,107 |
| 2021 | $3,265,942 | $30,152 | $111,931 | $110,808 | 3 | — | $30,127 | $257,875 |
| 2020 | $2,736,879 | $561,355 | $260,093 | $240,324 | 9 | — | $1,444,273 | $122,023 |
Under IRS private-foundation payout rules, Two Friends Foundation reported a distributable amount of $142K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Two Friends Foundation is led by Shane Claridge Kelley, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Shane Claridge Kelley
President
On filings since 2020
4 hrs/week
No compensation reported
Chandra Alana Ledah Kelley
Vice President
On filings since 2020
4 hrs/week
No compensation reported
Zoe Jansing Foss
Secretary
On filings since 2020
1 hr/week
No compensation reported
Jessica Ardizzone
Board Member
On filings since 2023
1 hr/week
No compensation reported
Gregory B Kogan
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Grigoriy B. Kogan (2020–2024) — Treasurer
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.
Frequently asked questions about Two Friends Foundation
How much does Two Friends Foundation give each year?
Two Friends Foundation gave $166K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $357K across 5 grants.
What is Two Friends Foundation's typical grant size?
Two Friends Foundation's median grant in 2025 was $20,000, and its average grant was $33,194, across 5 grants on its 2025 IRS Form 990-PF.
Where does Two Friends Foundation give grants?
Two Friends Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Calistoga, CA (2 grants).
Does Two Friends Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Two Friends Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Two Friends Foundation's largest grantees?
Two Friends Foundation's largest 2025 grantees include Bayview Hunters Point YMCA ($110,000), Napa Valley State Parks Association ($40,000 across 2 grants) and Napa Valley Give Guide ($10,970), according to its 2025 IRS Form 990-PF. Together they received 97% of its itemized 2025 grant dollars.
How large is Two Friends Foundation?
Two Friends Foundation reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $174K in qualifying distributions that year, against a required minimum of $142K (roughly 5% of its investment assets).
What is Two Friends Foundation's EIN?
Two Friends Foundation's EIN (Employer Identification Number) is 94-3303722. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Two Friends Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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