Friends Fiduciary Corporation

Organization Overview

Friends Fiduciary Corporation is located in Philadelphia, PA. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Friends Fiduciary Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Friends Fiduciary Corporation generated $4.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $4.2m during the year ending 12/2019. While expenses have increased by 3.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Friends Fiduciary Corporation has awarded 113 individual grants totaling $2,825,484. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SEE PAGE 2, PART III, LINE 1 FOR THE ORGANIZATION'S MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INVESTMENT MANAGEMENT SERVICES:FRIENDS FIDUCIARY CORPORATION PROVIDES PRUDENT, COST EFFECTIVE, INSTITUTIONAL INVESTMENT SERVICES FOR OVER 410 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.


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 2019, OVER 150 GRANTS WERE MADE TO ORGANIZATIONS. THESE GRANTS SUPPORTED THE WORK OF FRIENDS SCHOOLS, RETIREMENT COMMUNITIES, MEETINGS, AND OTHER CHARITABLE PURPOSES OF CONCERN TO THE RELIGIOUS SOCIETY OF FRIENDS.


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 2019, GIFTS TOTALING OVER $1.6 MILLION WERE RECEIVED TO ESTABLISH OR ASSUME 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Boston Common Asset Management Llc
Investment Management
$338,512
Accutech Systems Corporation
Back Office Support
$314,043
Boston Trust & Investment Management Com
Investment Management
$182,945
Payden & Rygel
Investment Management
$169,947
Aristotle Capital Boston Llc
Investment Management
$142,468
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$499,384
Noncash contributions included in lines 1a–1f $274,362
Total Revenue from Contributions, Gifts, Grants & Similar$499,384
Total Program Service Revenue$3,436,300
Investment income $589,455
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $42,538
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,597,969

Grants Awarded

Over the last fiscal year, Friends Fiduciary Corporation has awarded $618,709 in support to 32 organizations.

Grant RecipientAmount

PHILADELPHIA YEARLY MEETING

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROVIDE SUPPORT FOR FRIENDS SOCIAL SERVICE ORGANIZATIONS

$89,107

CHEYNEY UNIVERSITY

Org PageRecipient Profile

Cheyney, PA

PURPOSE: PROVIDE SCHOLARSHIPS AND TEACHER GRANTS

$61,200

CABRILLO FESTIVAL OF CONTEMPORARY MUSIC

Org PageRecipient Profile

Santa Cruz, CA

PURPOSE: UNRESTRICTED (DAF RECOMMENDATION)

$50,000

FRIENDS NEIGHBORHOOD GUILD

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROVIDE FINANCIAL ASSISTANCE IN BUYING FUEL FOR CITIZENS IN NEED

$25,200

BEHAVIORAL REHABILITATION INSTITUTE INC

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: UNRESTRICTED (DAF RECOMMENDATION)

$25,000

FELLOWSHIP PLACE INC

Org PageRecipient Profile

New Haven, CT

PURPOSE: UNRESTRICTED (DAF RECOMMENDATION)

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Friends Fiduciary Corporation has recieved totaling $5,766.

Awarding OrganizationAmount
I Williamson Fbo Charitites Tuw

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$5,766
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,440,411
Earnings$2,774,342
Net Contributions$499,384
Grants$727,599
Ending Balance$15,986,538

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