The Fries Foundation

LAKE SUCCESS, NY 11042 EIN 465144602

Total Given 2016–2024
$10.5M
96 grants · $1.2M avg/year
based on 9 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$25K
typical mid grants · $10K–$100K
grant size
25%
balanced · 13/53 multi-year
repeat
$1.0M
Assets · 2021
53
Distinct recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,905,000. This amount represents 25% or more of the Foundation's net assets of $2,255,821 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Education Arts & Culture Youth Development Science & Research

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Phone 8008391754

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $1.2M $3.7M $3.4M 25
2017 $1.8M $2.2M $-85K 21
2020 $2.0M $2.3M $3.3M 16
2021 $1.9M $1.0M $275K 10
2022 $1.2M $873K $1.1M 9
2023 $2.3M $818K $2.3M 11
2024 $85K $790K $7K 4

Grant Size Distribution

Based on 96 grants on record

Minimum
$800
25th Pctl
$10K
Median
$25K
Average
$110K
75th Pctl
$100K
Maximum
$1.5M

Geographic Distribution

US Grant Distribution Map

Key Personnel

NameTitleCompensation
Michael T Fries Pres, Dir, Sec, Treas —

Grants Awarded (96 total)

Purpose
WESLEYAN UNIVERSITY MIDDLETOWN, CT $1,500,000 General & Unrestricted 2023
MCA DENVER DENVER, CO $750,000 The Exhibition Endowment; The Scholarship Endowment; The Youth and Family fund 2021
MCA DENVER DENVER, CO $750,000 Exhibition Endowment Fund, Scholarship Endowment Fund, Youth and Family Fund 2020
MCA DENVER DENVER, CO $750,000 Exhibition, Scholarship, Youth & Family Funds 2022
WESLEYAN UNIVERSITY The Wesleyan Fund MIDDLETOWN, CT $600,000 Jeanine Basinger Center for Film Studies Fund 2020
WESLEYAN UNIVERSITY The Wesleyan Fund MIDDLETOWN, CT $600,000 Renovation of Fisk Hall, Financial Aid through the Wesleyan Fund and The Fries Center Fund for Internships 2017
TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY $500,000 The Fries Professorship of Media and Technology Fund 2017
WESLEYAN UNIVERSITY The Wesleyan Fund MIDDLETOWN, CT $500,000 the Fries Fund for the College of Film and the Moving Image and financial aid through the Wesleyan Fund 2016
WESLEYAN UNIVERSITY The Wesleyan Fund (obsolete) MIDDLETOWN, CT $475,000 Jeanine Basinger Center for Film Studies 2021
TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY $300,000 General & Unrestricted 2023
SELFLESS LOVE FOUNDATION INC JUPITER, FL $250,000 Charitable Event 2023
TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY $250,000 The Fries Professorship of Media and Technology Fund 2020
SELFLESS LOVE FOUNDATION INC JUPITER, FL $250,000 Advocacy initiatives and housing initiatives 2022
TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY $250,000 The Fries Professorship of Media and Technology Fund 2021
SELFLESS LOVE FOUNDATION INC JUPITER, FL $150,000 General & Unrestricted 2021
WESLEYAN UNIVERSITY The Wesleyan Fund MIDDLETOWN, CT $125,000 COVID-19 Preparedness Fund 2020
TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY $100,000 Charitable Event 2021
MCA DENVER DENVER, CO $100,000 Charitable Event 2016
DSST PUBLIC SCHOOLS FOUNDATION DENVER, CO $100,000 Slice of Pi Matching Gift 2016
DENVER BIENNIAL OF THE AMERICAS CORPORATION DENVER, CO $100,000 Charitable Event 2017
DSST PUBLIC SCHOOLS FOUNDATION DENVER, CO $100,000 Slice of Pi Matching Gift 2017
DENVER BIENNIAL OF THE AMERICAS CORPORATION DENVER, CO $100,000 General & Unrestricted 2021
ALLIANCE FOR CHOICE IN EDUCATION DENVER, CO $100,000 Charitable Event 2016
DENVER HYBRID COLLEGE DENVER, CO $100,000 AdvanceEDU FUND 2023
ASPEN COMMUNITY FOUNDATION BASALT, CO $100,000 2020 Rescue Fund 2020