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First Federal Foundation is a private corporation based in NEWARK, OH. The foundation received its IRS ruling in 1999. The principal officer is Sarah R Wallace. It holds total assets of $428K. Annual income is reported at $47K. Total assets have grown from $352K in 2011 to $439K in 2023. The foundation is governed by 4 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 Ohio. According to available records, First Federal Foundation has made 117 grants totaling $279K, with a median grant of $1K. Annual giving has grown from $51K in 2020 to $63K in 2023. Grantmaking activity was highest in 2022 with $117K distributed across 46 grants. Individual grants have ranged from $150 to $12K, with an average award of $2K. The foundation has supported 57 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$150
Median Grant
$2K
Average Grant
$3K
Largest Grant
$12K
Based on 18 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.
First Federal Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 117 grants. Its grantmaking reaches organizations primarily in OH.
First Federal Foundation has distributed a total of $279K across 117 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $150 to $12K.
First Federal Foundation typically selects its grantees rather than accepting unsolicited proposals.
First Federal Foundation is headquartered in NEWARK, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sarah Wallace | PRESIDENT | $0 | $0 | N/A |
| Sally Heckman | SEC | $0 | $0 | N/A |
| Michael O'Brien | TREASURER | $0 | $0 | N/A |
| Paul Thompson | VP | $0 | $0 | N/A |
Total Giving
$66K
Total Assets
$439K
Fair Market Value
$1.4M
Net Worth
$439K
Grants Paid
$63K
Contributions
$18K
Net Investment Income
$37K
Distribution Amount
$64K
Total Grants
117
Total Giving
$279K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
57
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls Club Of Newark And Central OhioSUPPORT | Newark, OH | $10K | 2023 |
| Newark Development PartnersSUPPORT | Newark, OH | $10K | 2023 |
| Newark Campus Development FundSUPPORT | Newark, OH | $8K | 2023 |
| Granville Athletic BoostersSUPPORT | Granville, OH | $6K | 2023 |
| Buckeye Valley Family YmcaSUPPORT | Newark, OH | $5K | 2023 |
| Newark Catholic High SchoolSUPPORT | Newark, OH | $5K | 2023 |
| Grow Licking CountySUPPORT | Newark, OH | $3K | 2023 |
| Granville Christian AcademySUPPORT | Granville, OH | $3K | 2023 |
| Heath Athletic BoostersSUPPORT | Heath, OH | $2K | 2023 |
| Hospice Of Central OhioSUPPORT | Newark, OH | $2K | 2023 |
| Food Pantry Network Of Licking CountySUPPORT | Newark, OH | $1K | 2023 |
| A Call To CollegeSUPPORT | Newark, OH | $1K | 2023 |
| Ohio Bankers Foundation For Financial LiteracySUPPORT | Columbus, OH | $1K | 2023 |
| Fostering FurtherSUPPORT | Pataskala, OH | $1K | 2023 |
| Twentieth Century ClubSUPPORT | Newark, OH | $1K | 2023 |
| Heisey Wind EmsembleSUPPORT | Newark, OH | $650 | 2023 |
| Newark Granville Symphony OrchestraSUPPORT | Granville, OH | $500 | 2023 |
| Salvation Army Of Licking CountySUPPORT | Newark, OH | $500 | 2023 |
| The WorksSUPPORT | Newark, OH | $500 | 2023 |
| Boy Scouts Of AmericaSUPPORT | Columbus, OH | $500 | 2023 |
| Friends Of The Licking County LibrarySUPPORT | Newark, OH | $250 | 2023 |
| Mental Health AmericaSUPPORT | Newark, OH | $250 | 2023 |
| Licking County Coalition Of CareSUPPORT | Newark, OH | $250 | 2023 |
| Licking County Human SocietySUPPORT | Heath, OH | $250 | 2023 |
| Licking County Aging ProgramSUPPORT | Newark, OH | $250 | 2023 |
| United Way Of Licking CountySUPPORT | Newark, OH | $250 | 2023 |
| Starfish AssignmentSUPPORT | Newark, OH | $250 | 2023 |
| Bottoms Up Licking CountySUPPORT | Lancaster, OH | $250 | 2023 |
| CtecSUPPORT | Newark, OH | $250 | 2023 |
| The WoodlandsSUPPORT | Newark, OH | $250 | 2023 |
| My Place To BeSUPPORT | Newark, OH | $150 | 2023 |
| Newark Boys & Girls ClubSUPPORT | Newark, OH | $10K | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH