NonprofitsFriends Fiduciary Corporation

Public & Societal Benefit

Friends Fiduciary Corporation

PHILADELPHIA, PA

Total revenue

$6.6M

Total expenses

$6.3M

Net assets

$20.3M

Grants received

$252K

14 grants

EIN

231968136

Tax year

2024

Mission

Relying on Quaker testimonies and values, Friends Fiduciary provides prudent, cost-effective investment management and philanthropic services for Friends organizations.

Programs

2 programs

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 2024, over 120 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.

Expenses: $1.6MGrants: $1.2M

Planned giving: friends fiduciary corporation provides planned giving administrative services. Friends fiduciary corporation has issued approximately 500 charitable gift annuities to benefit the work of quaker organizations within the religious society of friends and the concerns of its members. In 2024, gifts totaling approximately $2.2 million 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.

Expenses: $459K

Financials

FY 2024

Revenue

Contributions & grants$606K
Program service revenue$5.1M
Investment income$893K
Other revenue$32K
Total revenue$6.6M

Expenses

Grants paid$1.2M
Salaries & benefits$1.5M
Fundraising
Other expenses$3.6M
Total expenses$6.3M
Total assets$743.3M
Net assets$20.3M

People

26 listed

NameRoleCompensation

ETHAN BIRCHARD

EXECUTIVE DIRECTOR EFF 4/24

Board

$187K

40 hrs/wk

SANDY QUINN

CONTROLLER

Board

$156K

40 hrs/wk

JEFFERY W PERKINS

EXECUTIVE DIRECTOR TERM 3/24

Board

$81K

40 hrs/wk

JOAN COUNTRYMAN

SECRETARY TERM 12/24

Board

2 hrs/wk

BRUCE BEATON

TREASURER

Board

2 hrs/wk

BETH HENRICKS

DIRECTOR

Board

2 hrs/wk

CARL BUTLER

DIRECTOR

Board

2 hrs/wk

DANIEL ISAACS

DIRECTOR

Board

2 hrs/wk

DOUG COSTA

DIRECTOR

Board

2 hrs/wk

ELIZABETH WIDDICOMBE

DIRECTOR

Board

2 hrs/wk

JOHN HELDING

DIRECTOR

Board

2 hrs/wk

JONATHAN BROWN

DIRECTOR EFF 9/24

Board

2 hrs/wk

MARGARET PLANK

DIRECTOR EFF 9/24

Board

2 hrs/wk

MARK MYERS

DIRECTOR

Board

2 hrs/wk

MICHAEL HOMANS

DIRECTOR EFF 9/24

Board

2 hrs/wk

ROBERT HAYDEN JR

DIRECTOR

Board

2 hrs/wk

TAKASHI MORIUCHI

DIRECTOR

Board

2 hrs/wk

TERRY NANCE

DIRECTOR

Board

2 hrs/wk

TOM WRIGHT

DIRECTOR

Board

2 hrs/wk

TOMMY WRENN

DIRECTOR

Board

2 hrs/wk

BENNETT LOMAX

DIR EFF 10/24; CHAIR TERM 9/24

Board

10 hrs/wk

CHRISTIE DUNCAN-TESSMER

CHAIR EF 10/24;V-CHAIR TM 9/24

Board

10 hrs/wk

STANLEY PELLI

VICE CHAIR

Board

6 hrs/wk

CHRISTINA REPOLEY

SEC EFF 12/24; DIR TERM 12/24

Board

6 hrs/wk

RICHARD KENT

CHIEF INVESTMENT OFFICER

Staff

$190K

40 hrs/wk

ESTON GRIFFIN

DIR OF BUS DEV & CONSTIUENT RE

Staff

$183K

40 hrs/wk

Independent contractors

CHEETAH INC

BACK OFFICE ACCTG

$376K

BOSTON COMMON ASSET MANAGEMENT LLC

INVESTMENT MGMT

$369K

BOSTON TRUST INVESTMENT MANAGEMEN

INVESTMENT MGMT

$274K

KAYNE ANDERSON RUDNICK INV MGMT LLC

INVESTMENT MGMT

$264K

CROSSMARK GLOBAL HOLDINGS INC

INVESTMENT MGMT

$212K

Grants received

Showing 14 of 14

FromAmountPurposeYear
$6K
GENERAL OPERATING
2023
$7K
GENERAL OPERATING
2022
$5K
SUPPORT RELIEF DURING THE
2022
$7K
GENERAL OPERATING
2021
$7K
GENERAL OPERATING
2021
$5K
SUPPORT RELIEF DURING THE
2021
$170K
General Purpose
2020
$6K
GENERAL OPERATING
2020
$6K
GENERAL OPERATING
2020
$23K
SUPPORT RELIEF DURING THE
2019
$6K
GENERAL OPERATING
2018

Funded by

$252K from 4 funders · 14 grants · 2018–2024

Dechomai Foundation Inc

$170K · 1 grant · 2020

Williamson I Fbo Charities Tuw

$46K · 7 grants · 2018–2023

Thomas H & Mary Williams Shoemaker Fd

$33K · 3 grants · 2019–2022

Brown Advisory Charitable Foundation Inc

$3K · 3 grants · 2022–2024

Details

EIN231968136
NTEE codeW60Z
Subsection03
Ruling date1976-10
Formed1975
Employees11
Volunteers22
FRIENDS FIDUCIARY CORPORATION — Mission, Financials & Grants Received | Grantivo