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Friendship Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2012. The principal officer is Loring Wolcott Coolidge Trust LLC. It holds total assets of $785K. Annual income is reported at $248K. Total assets have decreased from $1M in 2011 to $736K 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. The foundation primarily funds organizations in Massachusetts and Rhode Island. According to available records, Friendship Foundation has made 8 grants totaling $73K, with a median grant of $10K. Individual grants have ranged from $5K to $15K, with an average award of $9K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Massachusetts and Rhode Island. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$15K
Based on 8 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.
Friendship Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MA, RI.
Friendship Foundation has distributed a total of $73K across 8 grants. The median grant size is $10K, with an average of $9K. Individual grants have ranged from $5K to $15K.
Friendship Foundation typically selects its grantees rather than accepting unsolicited proposals.
Friendship Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas R Appleton | CO-TRUSTEE | $5K | $0 | $5K |
| Gilbert M Roddy Jr | CO-TRUSTEE | $5K | $0 | $5K |
| Ian T Barnard | CO-TRUSTEE | $0 | $0 | N/A |
| Jeremy Barnard | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$120K
Total Assets
$736K
Fair Market Value
$2.1M
Net Worth
$736K
Grants Paid
$100K
Contributions
N/A
Net Investment Income
$64K
Distribution Amount
$92K
Total: $689K
Total Grants
8
Total Giving
$73K
Average Grant
$9K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| AriseGENERAL PURPOSE | Providence, RI | $7K | 2022 |
| Jeanne Geiger Crisis CenterGENERAL PURPOSE | Newburyport, MA | $15K | 2022 |
| Actors Studio Of NewburyportGENERAL PURPOSE | Newburyport, MA | $11K | 2022 |
| Rhode Island PhilharmonicGENERAL PURPOSE | East Providence, RI | $10K | 2022 |
| Leadership Rhode IslandGENERAL PURPOSE | Providence, RI | $10K | 2022 |
| Young Audiences Of MassachusettsGENERAL PURPOSE | Boston, MA | $10K | 2022 |
| Firehouse Center For The ArtsGENERAL PURPOSES | Newburyport, MA | $5K | 2022 |
| On Stage IncGENERAL PURPOSE | Newburyport, MA | $5K | 2022 |