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Frennea Family Foundation is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $1.1M. Annual income is reported at $615K. 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 2021 to 2023. According to available records, Frennea Family Foundation has made 5 grants totaling $24K, with a median grant of $4K. Individual grants have ranged from $3K to $8K, with an average award of $5K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Oregon and Texas. 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.
Frennea Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in OR, TX.
Frennea Family Foundation has distributed a total of $24K across 5 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $3K to $8K.
Frennea Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Frennea Family Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rachel Frennea | Sec | $0 | $0 | N/A |
| Carly Frennea | Dir, Pres | $0 | $0 | N/A |
| Kyle Frennea | VP | $0 | $0 | N/A |
| Robert Frennea | Dir, Treas, Pres, Sec | $0 | $0 | N/A |
| Lee Willeford | VP | $0 | $0 | N/A |
Total Giving
$37K
Total Assets
$1M
Fair Market Value
$1.1M
Net Worth
$1M
Grants Paid
$24K
Contributions
N/A
Net Investment Income
$34K
Distribution Amount
$52K
Total Grants
5
Total Giving
$24K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
5
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Smart ReadingGeneral & Unrestricted | Portland, OR | $8K | 2023 |
| Coastal Conservation AssociationSTAR Texas Scholarship Program | Houston, TX | $5K | 2023 |
| Portland Audubon SocietyGreen Leaders program | Portland, OR | $4K | 2023 |
| Free GeekGeneral & Unrestricted | Portland, OR | $4K | 2023 |
| Barbara Bush Houston Literacy FoundationMy Home Library program | Houston, TX | $3K | 2023 |