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Filing year 2024

The Farrell Family Foundation

Richmond, Virginia·EIN 81-4759590·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$186k
Total assets
$5.9M
Total expenses
$428k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. The Farrell Family Foundation reported 3 unpaid officers and board members on its 990-PF.

President/director
Treasurer/director
Secretary/director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$405k

Itemized grants

7

Median grant

$40k

RecipientLocationPurposeAmount
University of VACharlottesville, VAHospital Cancer Research$150k
Virginia Athletic FoundationCharlottesville, VAUnrestricted Support$100k
Virginia Museum of History & CultureRichmond, VAUnrestricted Support$80k
Collegiate SchoolRichmond, VAAnnual FundAnnual Fund$40k
Break Through Cancer FoundationCambridge, MAUnrestricted Support (IMO Thomas Farrell II)$20k
Colonial Williamsburg FoundationWilliamsburg, VAUnrestricted Support (IMO Thomas F. Farrell II)$10k
Focus of RichmondRichmond, VAAnnual Fund$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Farrell Family Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$25k
$425k
2023
$186k
$428k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

The Farrell Family Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about The Farrell Family Foundation

What are The Farrell Family Foundation's revenue and expenses?

In 2024, The Farrell Family Foundation reported $186k in total revenue and $428k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.