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Friday Foundation is a private corporation based in MEDINA, WA. The foundation received its IRS ruling in 2014. The principal officer is % Carolyn Grinstein. It holds total assets of $34.5M. Annual income is reported at $3.2M. THE FRIDAY FOUNDATION BOARD OF DIRECTORS MET REGULARLY DURING THE FISCAL YEAR TO DISCUSS THE PARAMETERS FOR DONATING PORTIONS OF THE FINE ART COLLECTION TO QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS IN ORDER TO ENSURE THE INTEGRITY OF THE COLLECTION. THE BOARD OF DIRECTORS ALSO MET WITH QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS TO DETERMINE WHETHER THOSE ORGANIZATIONS WERE INTERESTED IN RECEIVING A PORTION OF THE COLLECTION AND EVALUATING THE SUITABILITY OF THOSE ORGANIZATIONS.THE REMAINING PIECES OF THE COLLECTION WERE DONATED TO TWO MUSEUMS DURING FISCAL YEAR JUNE 30, 2021. According to available records, Friday Foundation has made 16 grants totaling $322.5M, with a median grant of $1M. Annual giving has decreased from $273.9M in 2020 to $48.5M in 2021. Individual grants have ranged from $15K to $258.6M, with an average award of $20.2M. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in Washington and Connecticut. Contributions to this foundation are tax-deductible.
THE FRIDAY FOUNDATION BOARD OF DIRECTORS MET REGULARLY DURING THE FISCAL YEAR TO DISCUSS THE PARAMETERS FOR DONATING PORTIONS OF THE FINE ART COLLECTION TO QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS IN ORDER TO ENSURE THE INTEGRITY OF THE COLLECTION. THE BOARD OF DIRECTORS ALSO MET WITH QUALIFYING MUSEUMS AND EDUCATIONAL INSTITUTIONS TO DETERMINE WHETHER THOSE ORGANIZATIONS WERE INTERESTED IN RECEIVING A PORTION OF THE COLLECTION AND EVALUATING THE SUITABILITY OF THOSE ORGANIZATIONS.THE REMAINING PIECES OF THE COLLECTION WERE DONATED TO TWO MUSEUMS DURING FISCAL YEAR JUNE 30, 2021. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in WA, CT.
Friday Foundation has distributed a total of $322.5M across 16 grants. The median grant size is $1M, with an average of $20.2M. Individual grants have ranged from $15K to $258.6M.
Friday Foundation typically selects its grantees rather than accepting unsolicited proposals.
Friday Foundation is headquartered in MEDINA, WA. While based in WA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George Steers | DIRECTOR | $24K | $0 | $24K |
| Donald Hussong | VICE PRESIDENT, SECRETARY | $24K | $0 | $24K |
| Carolyn Grinstein | PRESIDENT, TREASURER | $0 | $0 | $0 |
Total Giving
$104K
Total Assets
$33.5M
Fair Market Value
$34.3M
Net Worth
$33.5M
Grants Paid
$0
Contributions
$0
Net Investment Income
$885K
Distribution Amount
$1.6M
Total: $32.3M
Total Grants
16
Total Giving
$322.5M
Average Grant
$20.2M
Median Grant
$1M
Unique Recipients
10
Most Common Grant
$100K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Seattle Art MuseumTO SUPPORT THE MISSION OF CONNECTING ART TO LIFE, DEVELOP NEW EXHIBITIONS FOCUSED ON ART THAT EXCITES AND EDUCATES THE PUBLIC, BY DONATING A COLLECTION OF ABSTRACT EXPRESSIONISM AND MODERN MASTERPIECES. | Seattle, WA | $31.3M | 2021 |
| Yale University Art GalleryTO CONTRIBUTE TO THE GALLERY'S VISION OF ACTIVATING THE POWER OF ART TO INSPIRE AND TO CREATE A MORE INCLUSIVE WORLD BY DONATING A COLLECTION OF ABSTRACT EXPRESSIONISM AND MODERN MASTERPIECES. | New Haven, CT | $13M | 2021 |
| Seattle OperaTO ESTABLISH THE JANE LANG DAVIS CREATION FUND, AN ENDOWED FUND TO SUPPORT THE JANE LANG DAVIS CREATION LAB ANNUAL PROGRAMMING TO HELP USHER IN A MORE DIVERSE GENERATION OF STORYTELLERS IN OPERA, WITH A FOCUS ON COMPOSERS AND LIBRETTISTS AGES 18-30. | Seattle, WA | $1M | 2021 |
| The Henry Gallery AssociationTO CREATE AN ENDOWMENT FUND IN HONOR OF RICHARD E. LANG AND JANE LANG DAVIS TO ALLOW THE CONTEMPORARY ART MUSEUM TO COMMISSION A NEW WORK EVERY TWO YEARS. |
Other foundations that have funded Friday Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Tuttleman Foundation | $8K | 2023 | CHARITABLE |
| Giving Hope Worldwide Foundation | $2K | 2023 | GENERAL SUPPORT |
PEORIA, IL
PEORIA, IL
NEW YORK, NY
SARATOGA SPGS, NY
CLEARWATER, FL
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| Seattle, WA |
| $1M |
| 2021 |
| Seattle Symphony FoundationTO SUPPORT THE CREATION OF THE RICHARD E. LANG AND JANE LANG DAVIS LIVING MUSIC PROGRAM, UNITING AUDIENCES AND FOSTERING CULTURAL EXCHANGE THROUGH AN ANNUAL CONCERT THAT FEATURES AMBITIOUS AND INNOVATIVE PROGRAMMING. | Seattle, WA | $1.5M | 2020 |
| Pacific Nw Ballet FoundationTO SUPPORT THE CREATION OF THE JANE LANG DAVIS NEW WORKS FUND. | Seattle, WA | $1M | 2020 |
| ArtsfundTO SUPPORT THE ARTSFUND'S COVID-19 ARTS EMERGENCY RELIEF FUND | Seattle, WA | $270K | 2020 |
| Seattle Chamber Music Society FoundationTO SUPPORT EFFORTS TO FACILITATE THE CREATION, PERFORMANCE AND ENJOYMENT OF CHAMBER MUSIC THROUGHOUT NORTH AMERICA. | Seattle, WA | $100K | 2020 |
| Seattle Repertory TheatreTO SUPPORT THE CREATION OF PRODUCTIONS AND PROGRAMS THAT REFLECT AND ELEVATE THE DIVERSE CULTURES, PERSPECTIVES, AND LIFE EXPERIENES OF THE REGION. | Seattle, WA | $100K | 2020 |
| A Contemporary Theatre Inc (Act)TO SUPPORT THE MISSION OF UNITING ARTISTIC AMBITION AND CIVIC ENGAGEMENT. | Seattle, WA | $100K | 2020 |
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