EIN 23-1968136

Friends Fiduciary Corporation (FFC)

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
1975
Most recent tax filings
2023-12-01
Description
Friends Fiduciary Corporation (FFC) is a Quaker non-profit organization providing cost effective, professional, socially responsible investment management services exclusively to Quaker meetings, churches, schools and organizations.
Total revenues
$6,371,357
2023
Total expenses
$5,756,864
2023
Total assets
$693,159,751
2023
Num. employees
12
2023

Program areas at FFC

Investment management services:friends Fiduciary Corporation provides prudent, cost effective, institutional investment services for over 460 Friends meetings, churches, schools and organizations. Our socially responsible investment activities include screening companies, active voting of proxies and shareholder advocacy, such as shareholder resolutions and company dialogues - all guided by our quaker testimonies, values and concerns.
Planned giving:friends Fiduciary Corporation provides planned giving administrative services. Friends Fiduciary Corporation has issued 500 charitable gift annuities to benefit the work of quaker organizations within the religious society of Friends and the concerns of its members. In 2023, gifts totaling approximately $710,000 were received to establish charitable gift annuities, which will eventually benefit a variety of quaker organizations working in areas of education, peace, social justice and other charitable purposes of importance to Friends.
Grantmaking:friends Fiduciary Corporation serves as fiduciary/trustee for over 100 funds received under will or gift agreement. These funds may benefit specific Friends organizations or be available for grants to further the work of Friends. In 2023, over 150 grants were made to charities. These grants supported the work of Friends schools, retirement communities, meetings, and other charitable purposes of concern to the religious society of Friends.

Grants made by FFC

GranteeGrant descriptionAmount
Philadelphia Yearly Meeting of FriendsA Place for Friends Campaign Daf Recommendation$100,000
Friends Council on EducationQuaker Tuition Aid$74,480
Philadelphia Yearly Meeting of FriendsProvide Support for Friends Social Service Organizations$65,305
...and 32 more grants made totalling $709,023

Who funds Friends Fiduciary Corporation (FFC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jerome Estates Housing CorporationDissolution Disburse$1,225,807
Williamson I Fbo Charities TuwGeneral Operating$6,471
Thomas H and Mary Williams Shoemaker FundSupport Relief During the$4,800
...and 1 more grant received

Personnel at FFC

NameTitleCompensation
Richard Kent, CFAChief Investment Officer$183,241
Amy CarrSenior Shareholder Advocate
Ethan BirchardExecutive Director
Eston GriffinDirector of Business Development and Constituent Relations$173,051
Mimi Blackwell, JDDirector of Philanthropic Services
...and 12 more key personnel

Financials for FFC

RevenuesFYE 12/2023
Total grants, contributions, etc.$749,574
Program services$4,655,178
Investment income and dividends$721,204
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$207,964
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$37,437
Total revenues$6,371,357

Form 990s for FFC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-27990View PDF
2022-122023-07-10990View PDF
2021-122022-06-10990View PDF
2020-122021-06-21990View PDF
2019-122020-10-21990View PDF
...and 9 more Form 990s
Data update history
November 2, 2024
Updated personnel
Identified 1 new personnel
September 21, 2024
Updated personnel
Identified 1 new personnel
August 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 26, 2024
Updated personnel
Identified 4 new personnel
August 25, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
ReligiousPolitical advocacyOperates donor advised fundsNational levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
1700 Market St 1535
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
friendsfiduciary.org/ 
Phone
(215) 241-7272
IRS details
EIN
23-1968136
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1975
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
813110: Religious Organizations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
119085
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-06
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