Zoe's Best Friend Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESHIRE, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $825K in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $54K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$825K
+3.6% YoY
Annual Giving
$25K
+1.4% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$13K
+52.1% YoY
Under IRS private-foundation payout rules, Zoe's Best Friend Inc reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Zoe's Best Friend Inc
Based on IRS filings
Zoe's Best Friend Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESHIRE, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $825K in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $54K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $825,334 | $796,441 | $800,330 |
| Revenue | $20,574 | $30,331 | $28,446 |
| Expenses | $34,461 | $34,220 | $112,634 |
| Qualifying Distributions | $25,350 | $25,000 | $104,500 |
| Net Investment Income | $54,254 | $21,468 | $29,948 |
| Distributable Amount | $55,239 | $51,483 | $46,306 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ball & Socket Arts ($20,850), Glastonbury Gives ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BALL & SOCKET ARTS CHESHIRE, CT | GENERALPROGRAM | $20,850 |
| GLASTONBURY GIVES GLASTONBURY, CT | GENERALPROGRAM | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHRYN SMITH | PRESIDENT | 10 | — |
| STEPHEN SMITH | VICE PRES. | — | — |
| SHANNON SMITH | TREASURER | — | — |
| KERI WATKINS | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Zoe's Best Friend Inc?
Zoe's Best Friend Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHESHIRE, CT. It holds $825K in total assets as of 2024.
How large is Zoe's Best Friend Inc?
As of 2024, Zoe's Best Friend Inc holds $825K in total assets with $21K in annual revenue. It awarded 2 grants totaling $25K in 2024.
Where does Zoe's Best Friend Inc operate?
Zoe's Best Friend Inc has awarded grants in Connecticut, Massachusetts.
What size grants does Zoe's Best Friend Inc award?
In 2024, Zoe's Best Friend Inc awarded 2 grants totaling $25K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Zoe's Best Friend Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Zoe's Best Friend Inc reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Zoe's Best Friend Inc's EIN?
Zoe's Best Friend Inc's EIN (Employer Identification Number) is 20-4409296. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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