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Two or More Foundation EIN 45-2457360

Two or More Foundation

EIN  45-2457360 Private foundation / grantmaker Wilmington, DE
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Size
$100K–1M
What they do
A private foundation based in Wilmington, DE. It reported about $376K in revenue for 2025.
Leadership
Clayton T French · Dir, VP
Money in and out
$376K revenue, $238K expenses
Bottom line
—

A private foundation based in Wilmington, DE. It reported about $376K in revenue for 2025. For fiscal year 2025 it reported $376K in revenue, $238K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $138K
Total assets
1.3M
deployed as grants and operations
Grants paid
216K
in FY2025
Grants made
15grants
total in period
Payout rate
16%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 15 grants · $216K · 2025–2025
Zachary and Elizabeth M Fisher Center for AlzheimeFY2025$25,000
World Central Kitchen IncorporatedFY2025$25,000
The Carter Center INCFY2025$25,000
Semper Fi & Americas FundFY2025$25,000
Medecins Sans Frontieres USA INCFY2025$25,000
East Bay Agency for ChildrenFY2025$20,000
Heights PhiladelphiaFY2025$15,000
The Barack Obama FoundationFY2025$10,000
Cure Rare Disease INCFY2025$10,000
Casa of Philadelphia CountyFY2025$10,000
Wish Them WellFY2025$8,500
William and Mary Athletic Educational FoundationFY2025$5,000
Dravet Syndrome Foundation INCFY2025$5,000
Cure Ahc FoundationFY2025$5,000
Charlie Landers FoundationFY2025$3,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$14K
Median grantPart XV$10K
Largest grantPart XV$25K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$376K
FY2025▲ +21%
Expenses
$238K
FY2025▲ +35%
Total assets
$1.3M
FY2025▲ +12%
Total liabilities
$0
FY2025
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Total assetsPt II$1.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTwo or More Foundation
EINHdr · item D45-2457360
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Two or More Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$206K · 55%
Investment income$170K · 45%
Contributions & grants55%$206K
Investment income45%$170K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.91 Operating & administrative $0.09
Grants & contributions paid91%$216K
Operating & administrative9%$22K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$657K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.3M
Months of cash on handcomputed33.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $376K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $376K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $312K
+21%
Revenue CAGR
FY2020 $279K · FY2025 $376K
+6%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $238K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
People & payroll
Highest Reported Total Compensation
Individual Clayton T French · Reported title Dir, VP · Highest reported compensation $0 · Total expenses $238K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 21%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$376K revenue · viewing · ⤓ 990 PDF
FY2024$312K revenue · ⤓ 990 PDF
FY2023$220K revenue · ⤓ 990 PDF
FY2022$23K revenue · ⤓ 990 PDF
FY2021$51K revenue · ⤓ 990 PDF
FY2020$279K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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