EIN 23-1968136

Friends Fiduciary Corporation (FFC)

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1975
Most recent tax filings
2022-12-01
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
$5,423,969
2022
Total expenses
$5,414,376
2022
Total assets
$617,125,539
2022
Num. employees
10
2022

Program areas at FFC

Investment management services:friends Fiduciary Corporation provides prudent, cost effective, institutional investment services for over 450 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 2022, gifts totaling approximately $450,000 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 2022, 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 FriendsProvide Support for Friends Social Service Organizations$106,793
The Cheyney FoundationTuition Aid$99,000
Doctors without Borders USAUnrestricted (Daf Recommendation)$35,000
...and 31 more grants made totalling $625,659

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 KentCfa Chief Investment Officer$181,955
Amy CarrSenior Shareholder Advocate
Jeffery W PerkinsExecutive Director$283,952
Eston GriffinDirector of Business Development and Constituent Relations$170,243
Mimi BlackwellDirector of Philanthropic Services
...and 10 more key personnel

Financials for FFC

RevenuesFYE 12/2022
Total grants, contributions, etc.$123,457
Program services$4,515,480
Investment income and dividends$656,216
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$42,549
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$86,267
Total revenues$5,423,969

Form 990s for FFC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-10990View PDF
2021-122022-06-10990View PDF
2020-122021-06-21990View PDF
2019-122020-10-21990View PDF
2018-122020-01-10990View PDF
...and 8 more Form 990s
Data update history
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $4,800 from Thomas H and Mary Williams Shoemaker Fund
August 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 20, 2023
Received grants
Identified 2 new grant, including a grant for $6,994 from Williamson I Fbo Charities Tuw
August 19, 2023
Updated personnel
Identified 1 new personnel
August 19, 2023
Used new vendors
Identified 1 new vendor, including
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
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