Friendship Fund Inc
- Assets
- $4.2m
- Revenue
- $67.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1953
- Data as of
- 06/2023
- EIN
- 13-6089220
Organization Overview
Friendship Fund Inc is located in Boston, MA. The organization was established in 1953. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Friendship Fund Inc generated $67.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $224.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friendship Fund Inc has awarded 517 individual grants totaling $1,683,166. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles M Crane MD President/director | 0.5 | $0 | |
F Peter Fisher Treasurer/director | 0.5 | $0 | |
Josephine F Degive Secretary/director | 0.5 | $0 | |
Francis Bradley V.p./director | 0.5 | $0 | |
Katharine Bradley-Bennett Director | 0.5 | $0 | |
Diana H Crane Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $85,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,509 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $998 |
| Printing and publications | $111 |
| Other expenses | $572 |
| Total operating and administrative expenses | $45,207 |
| Contributions, gifts, grants paid | $179,029 |
| Total expenses and disbursements | $224,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,406 |
| Savings and temporary cash investments | $938 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,192,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,202,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friendship Fund Inc has awarded $179,029 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WILDLIFE FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,000 |
BERKELEY SYMPHONY ORCHESTRA PURPOSE: PROGRAM SUPPORT | $3,500 |
BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM PURPOSE: PROGRAM SUPPORT | $14,000 |
CAROLINA THREAD TRAIL PURPOSE: PROGRAM SUPPORT | $6,160 |
CHILDREN'S SCHOOL OF SCIENCE INC PURPOSE: PROGRAM SUPPORT | $2,295 |
COLORADO SPRINGS CHORAL SOCIETY PURPOSE: PROGRAM SUPPORT | $2,000 |