Better Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 2 grants totaling $110K. Net investment income was $57K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
-0.7% YoY
Annual Giving
$110K
+37.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$55K
+37.5% YoY
Under IRS private-foundation payout rules, Better Future Foundation reported a distributable amount of $123K for 2024 — the minimum it must pay out in qualifying distributions.
About Better Future Foundation
Based on IRS filings
Better Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 2 grants totaling $110K. Net investment income was $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,823,632 | $3,851,949 | $3,849,308 |
| Revenue | $97,105 | $97,788 | $2,894,663 |
| Expenses | $125,422 | $95,147 | $55,036 |
| Qualifying Distributions | $124,622 | $94,447 | $19,918 |
| Net Investment Income | $57,142 | $49,482 | $1,763,511 |
| Distributable Amount | $122,709 | $117,668 | $112,537 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Healthy Aging Villages for All ($100,000), Washington Area Villages Exchange ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HEALTHY AGING VILLAGES FOR ALL SAN DIEGO, CA | General & Unrestricted | $100,000 |
| WASHINGTON AREA VILLAGES EXCHANGE ALEXANDRIA, VA | General & Unrestricted | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jason Jun | Treas | 1 | — |
| Jennifer Toy | Sec | 1 | — |
| Larry Toy | Dir, Pres | 5 | — |
| Pearl Toy | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Better Future Foundation?
Better Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $3.8M in total assets as of 2024.
How large is Better Future Foundation?
As of 2024, Better Future Foundation holds $3.8M in total assets with $97K in annual revenue. It awarded 2 grants totaling $110K in 2024.
Where does Better Future Foundation operate?
Better Future Foundation has awarded grants in California, Massachusetts, Virginia.
What size grants does Better Future Foundation award?
In 2024, Better Future Foundation awarded 2 grants totaling $110K — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is Better Future Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Better Future Foundation reported a distributable amount of $123K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Better Future Foundation's EIN?
Better Future Foundation's EIN (Employer Identification Number) is 87-3032103. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Better Future Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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