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Foundation For Financial Independence is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2022. It holds total assets of $721K. Annual income is reported at $299K. Total assets have grown from $460K in 2021 to $635K in 2023. The foundation is governed by 3 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 2021 to 2023. According to available records, Foundation For Financial Independence has made 4 grants totaling $50K, with a median grant of $13K. Annual giving has grown from $20K in 2022 to $30K in 2023. Individual grants have ranged from $10K to $15K, with an average award of $13K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
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.
Foundation For Financial Independence primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in VA.
Foundation For Financial Independence has distributed a total of $50K across 4 grants. The median grant size is $13K, with an average of $13K. Individual grants have ranged from $10K to $15K.
Foundation For Financial Independence typically selects its grantees rather than accepting unsolicited proposals.
Foundation For Financial Independence is headquartered in RICHMOND, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles T Hill Jr | SECRETARY | $0 | $0 | N/A |
| Dee Ann Remo | PRESIDENT | $0 | $0 | N/A |
| John G Jordan Iii | TREASURER | $0 | $0 | N/A |
Total Giving
$30K
Total Assets
$635K
Fair Market Value
$658K
Net Worth
$635K
Grants Paid
$30K
Contributions
$100K
Net Investment Income
$13K
Distribution Amount
$27K
Total: $347K
Total Grants
4
Total Giving
$50K
Average Grant
$13K
Median Grant
$13K
Unique Recipients
3
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Neighborhood Resource CenterCHARITABLE SUPPORT | Richmond, VA | $15K | 2023 |
| The Fountain FundCHARITABLE SUPPORT | Charlottesville, VA | $15K | 2023 |
| Southside Community DevelopmentCHARITABLE SUPPORT | Richmond, VA | $10K | 2022 |