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Faraway Foundation is a private corporation based in VESTAVIA HLS, AL. The foundation received its IRS ruling in 2009. The principal officer is Merrill N Bradley Jr. It holds total assets of $964K. Annual income is reported at $264K. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Alabama. According to available records, Faraway Foundation has made 12 grants totaling $114K, with a median grant of $11K. Individual grants have ranged from $4K to $11K, with an average award of $9K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$11K
Average Grant
$9K
Largest Grant
$11K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Faraway Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in AL.
Faraway Foundation has distributed a total of $114K across 12 grants. The median grant size is $11K, with an average of $9K. Individual grants have ranged from $4K to $11K.
Faraway Foundation typically selects its grantees rather than accepting unsolicited proposals.
Faraway Foundation is headquartered in VESTAVIA HLS, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Merrill N Bradley | DIRECTOR | $0 | $0 | N/A |
| Thomas Lyons Bradley | SECRETARY | $0 | $0 | N/A |
| Mary Allen Bradley | PRESIDENT | $0 | $0 | N/A |
| Merrill N Bradley Jr | TREASURER | $0 | $0 | N/A |
| Julia R Cullimore | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$58K
Total Assets
$948K
Fair Market Value
$1.1M
Net Worth
$948K
Grants Paid
$46K
Contributions
N/A
Net Investment Income
$35K
Distribution Amount
$50K
Total Grants
12
Total Giving
$114K
Average Grant
$9K
Median Grant
$11K
Unique Recipients
6
Most Common Grant
$11K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lakeshore FoundationSUPPORT OF OPERATION LIMA FOXTROT | Birmingham, AL | $11K | 2022 |
| The Community Kitchens Of BirminghamOPERATING SUPPORT OF ORGANIZATION | Birmingham, AL | $11K | 2022 |
| The Exceptional FoundationOPERATING SUPPORT OF ORGANIZATION | Birmingham, AL | $11K | 2022 |
| Aidb FoundationOPERATING SUPPORT OF ORGANIZATION | Talladega, AL | $11K | 2022 |
| Hand In PawOPERATING SUPPORT OF ORGANIZATION | Birmingham, AL | $11K | 2022 |
| Forward To Freedom Of AlOPERATING SUPPORT OF ORGANIZATION | Birmingham, AL | $4K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL