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It is led by Nancy R. Farese, the daughter of Roy Richards Sr., the founder of cable manufacturer Southwire, whose family net worth was estimated at $1.4 billion in 2015. 2
Its grant amounts range from $500 to $125,000. The average grant amount is $17,150 and its median grant amount is $5,000. It made grants worth $1,543,500 in 2022. Its grantees include left-of-center groups such as the Protect Democracy Project (PDP), the Trust for Public Land, the News Literacy Project (NLP), and Everytown for Gun Safety. 3 Its grantmaking is managed by the philanthropic advisory firm Hirsch and Associates. 1
Background
The Fthree Foundation, originally called the Farese Family Foundation, was founded by Nancy R. Farese and Robert Farese in San Francisco in 2000. 1
The group maintains a low profile and does not disclose its philanthropic mission or practices. It does not have its own website and does not employ staff. 1
Finances
The Fthree Foundation had total revenues of $1,718,399 and total expenses of $1,896,443 with $20,998,449 in total assets in 2022. Its grantmaking activity is managed by the philanthropic advisory firm Hirsch and Associates, which was compensated $137,098 from the Fthree Foundation in 2022. 3
In 2022, the Fthree Foundation has given a total of $1,543,500 across 90 grants in 2022. It gave $125,000 to the Center For Investigative Reporting (CIR), $100,000 to KQED Inc, $85,000 to Howard University, $60,000 to Issue One, $60,000 to MapLight, $60,000 to the Proteus Fund, $50,000 to the William J. Brennan Center For Justice, $50,000 to CalMatters, $50,000 to the Campaign Legal Center, $50,000 to iCivics, $50,000 to Ignite, $50,000 to the Mi Familia Vota Education Fund (MFVEF), $50,000 to the Protect Democracy Project (PDP), $50,000 to Rock The Vote, $50,000 to the News Literacy Project (NLP), and $50,000 to Vote.org. 3
In 2021, the Fthree Foundation gave a total of $1,365,000 across 97 grants in 2021. It gave $100,000 to KQED Inc, $100,000 to Reveal, $60,000 to Issue One, $60,000 to MapLight, $60,000 to the Proteus Fund, $50,000 to the William J. Brennan Center For Justice, $50,000 to CalMatters, $50,000 to Ignite, $50,000 to the Mi Familia Vota Education Fund (MFVEF), $50,000 to Rock The Vote, $50,000 to the News Literacy Project (NLP), and $50,000 to Youth Radio. 4
In 2011, the Fthree Foundation granted $1,500,000 to the Global Gap Year Fellowship at the University of North Carolina-Chapel Hill. The fellowship program sponsors a year of education abroad for UNC students. 5
Leadership
The president of the Fthree Foundation, Nancy R. Farese, is the daughter of Southwire founder Roy Richards Sr., whose family net worth was estimated at $1.4 billion in 2015. 2 Southwire remains a family-owned enterprise and Nancy is a shareholder. 6
Farese is a documentary photographer advocating for social and political causes through humanitarian aid groups such as CARE. 7
Farese is the founder of PhotoPhilanthropy and CatchLight. She is also a board member of the Southwire Company and the NPR Foundation. 8
Financial Statistics
Total Assets
Total Revenue
Total Expenses
Expenses Detail
Grant Activity
All-time grants given statistics from Candid dataset:
- Total Grant Value: $13,277,400
- Number of Grants: 823
- Number of Recipients: 231
Selection of highest value grants given from the last seven years: