· Private foundation
Two Friends Foundation
Its FY2025 filing reports that it accepted unsolicited grant applications.
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.
Where the money goes
Grants by size, and the largest recipients.
By grant size · FY2025
- Under $10k1 grant · $5k
- $10k–50k3 grants · $51k
- $50k–250k1 grant · $110k
| Recipient | Amount |
|---|---|
| Bayview Hunters Point YMCA | $110,000 |
| Napa Valley State Parks Association | $20,000 |
| Napa Valley State Parks Association | $20,000 |
| Napa Valley Give Guide | $10,970 |
| American Cancer Society | $5,000 |
Does the money reach high-need areas?
Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.
Its human-services grants (FY19–25, $475k) land where the poverty rate runs at 10%, against an area that typically sits at 8%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.
How this is measured
How this is measured
Where the work is directed
The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.
About 7% of Two Friends Foundation’s grant dollars are earmarked for a different county than the recipient’s own address. By recipient address, 93% of the giving stays in CA; by stated purpose, 88%.
How this is measured
Who it funds again
Organizations funded in more than one year, against those funded once.
Grantees it renews have grown median revenue +89% since the first grant, against +5% for those funded once.
7 repeat relationships: 3 still active in FY2025, 4 since wound down; 1 grantees were first funded in FY2025 (too recent to call).
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2025, 93% of grant dollars renewed an existing relationship; $11k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
Backed again, and grew
- YMYOUNG MEN'S CHRISTIAN ASSOCIATION OF SAN FRANCISCO6× · 2019–2025 · $475k · revenue +21%
- NVNapa Valley State Parks Association6× · 2018–2025 · $336k · revenue +980% · 31% of their budget
- NVNAPA VALLEY CANDO5× · 2019–2024 · $27k · revenue +89%
Funded once
- MYMission YMCA - San Franciscoone grant, 2018 · $105k
- IGIndividual grant recipientone grant, 2020 · $65k
- CCCITY COLLEGE OF SAN FRANCISCO-SURVIVEERSP PROGRAM SPONSORSHIPone grant, 2023 · $61k
How this is measured
Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.
5 grantees tracked through their own filings, 2017–2025.
Each grant beside the grantee’s revenue from every source, year by year.
How this is measured
Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 5 of the 16 grantees resolved in that span have returns of their own we could reconcile.
Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.
Where the money sits, by cause and then by grantee
Each grantee by its size and the funder’s share of it; top left is load-bearing
Grantee by grantee: a decade per organization, before and after funding
A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.
How much its grantees rely on government
Each dot is one organization Two Friends Foundation funds: left to right is the share of its income from government, bottom to top the share from Two Friends Foundation. Bigger dots raise more.
How this is measured
Play a game based on Two Friends’ filings →