Fermanian Family Foundation

Organization Overview

Fermanian Family Foundation is located in La Jolla, CA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fermanian Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Fermanian Family Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 19.9% per year over the past 7 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 2016, Fermanian Family Foundation has awarded 27 individual grants totaling $5,125,261. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CARRY OUT AND SUPPORT CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES UNDER IRC 501(C)(3) & TO SUPPORT & OPERATE FOR THE BENEFIT OF THE SAN DIEGO FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO VARIOUS CHARITABLE, EDUCATIONAL AND RELIGIOUS ORGANIZATIONS.


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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$2,625,000
Noncash contributions included in lines 1a–1f $2,625,000
Total Revenue from Contributions, Gifts, Grants & Similar$2,625,000
Total Program Service Revenue$0
Investment income $459,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$148,161
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,936,109

Grants Awarded

Over the last fiscal year, Fermanian Family Foundation has awarded $2,260,246 in support to 3 organizations.

Grant RecipientAmount

SAN DIEGO FOUNDATION

Org PageRecipient Profile

San Diego, CA

PURPOSE: CHARITY

$2,123,246

LAZARIAN WORLD HOMES

Org PageRecipient Profile

Meridian, ID

PURPOSE: CHARITY

$127,000

YOUTH WITH A MISSION

Org PageRecipient Profile

Chula Vista, CA

PURPOSE: CHARITY

$10,000
View Grant Profile

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