Better Future Foundation
Better Future Foundation is a private foundation based in Wilmington, Delaware. In filing year 2025, it reported 14 grants totaling $111,600 to charitable organizations, including organizations working in older-adult services, education, science, libraries, and the arts.
Better Future Foundation at a glance
In short: Better Future Foundation gave $112K across 14 grants in 2025 (avg $8K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $111,600
- +1.5% vs 2024
- Grants made (2025)
- 14
- +600.0% vs 2024
- Average grant
- $7,971
- -85.5% vs 2024
- Median grant
- $5,000
- Total assets
- $3,821,030
- -0.1% vs 2024
- Primary geography
- California (78% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Better Future Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Better Future Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Healthy Aging Villages for All ($50K). Together the top 10 received $102K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 15 grants of 18 (83%).
Geographic Focus
Where this funder awards grants
In 2025, 78% of grant dollars went to recipients in California, 9% to recipients in New York, 9% to recipients in Missouri, and 4% to recipients in the District of Columbia.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
Cities
How Better Future Foundation gives
- In 2025 it paid out 69% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $80K (2023) to $112K (2025). In 2025 it made 14 grants totaling $112K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Healthy Aging Villages for All San Diego, CA | General & Unrestricted | $50,000 |
| Lamorinda Village Inc Lafayette, CA | General & Unrestricted | $10,600 |
| Village to Village Network LLC Saint Louis, MO | General & Unrestricted | $10,000 |
| University of California Berkeley Foundation Berkeley, CA | For Cal Performances | $6,000 |
| American Friends of Wigmore Hall Inc New York, NY | General & Unrestricted | $5,000 |
| Chabot Space & Science Center Foundation Oakland, CA | General & Unrestricted | $5,000 |
| Chamber Music San Francisco San Francisco, CA | General & Unrestricted | $5,000 |
| Planned Parenthood Federation of America Inc Washington, DC | General & Unrestricted | $5,000 |
| California Council on Science and Technology Sacramento, CA | General & Unrestricted | $2,500 |
| Center for Inquiry Inc Amherst, NY | General & Unrestricted | $2,500 |
Ready to take the next step with Better Future Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,821,030 | $128,234 | $130,836 | $111,600 | 14 | $129,736 | $74,705 | $187,730 |
| 2024 | $3,823,632 | $97,105 | $125,422 | $110,000 | 2 | $124,622 | $57,142 | $122,709 |
| 2023 | $3,851,949 | $97,788 | $95,147 | $80,000 | 2 | $94,447 | $49,482 | $117,668 |
| 2022 | $3,849,308 | $2,894,663 | $55,036 | — | — | $19,918 | $1,763,511 | $112,537 |
| 2021 | $1,009,681 | $1,009,681 | — | — | — | — | $756,668 | — |
Under IRS private-foundation payout rules, Better Future Foundation reported a distributable amount of $188K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. For example, Lamorinda Village says it provides volunteer services, social engagement, health and wellness programs, and resource navigation to help older adults remain independent and connected. Village to Village Network says it supports and advocates for a movement that empowers older adults to age in community.
Other 2025 recipients describe missions involving educational opportunities at UC Berkeley, public interest in science at Chabot Space & Science Center, chamber music presentations at Chamber Music San Francisco, library materials and programs at Friends of the Orinda Library, and humanism and skepticism at the Center for Inquiry.
Grantmaking
In 2025, the foundation gave $111,600 through 14 grants. Grants ranged from $2,500 to $50,000, with a median grant of $5,000. The largest listed grants were $50,000 to Healthy Aging Villages for All, $10,600 to Lamorinda Village, and $10,000 to Village to Village Network. Other listed awards included $6,000 to the University of California Berkeley Foundation; $5,000 each to American Friends of Wigmore Hall, Chabot Space & Science Center Foundation, Chamber Music San Francisco, and Planned Parenthood Federation of America; and $2,500 each to California Council on Science and Technology, Center for Inquiry, Foundation for California Community Colleges, and Friends of the Orinda Library. The listed purposes were mostly general and unrestricted; the Berkeley award was for Cal Performances.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jason Jun as treasurer; Jennifer Toy as secretary; Larry Toy as director and president; and Pearl Toy as vice president and secretary.
Better Future Foundation is led by Larry Toy, Director & President on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Larry Toy
Director & President
On filings since 2021
5 hrs/week
No compensation reported
Jason Jun
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Jennifer Toy
Secretary
On filings since 2021
1 hr/week
No compensation reported
Pearl Toy
Vice President & Secretary
Vice President → Vice President & Secretary, 2025
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Better Future Foundation
How much does Better Future Foundation give each year?
Better Future Foundation gave $112K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $110K across 2 grants.
What is Better Future Foundation's typical grant size?
Better Future Foundation's median grant in 2025 was $5,000, and its average grant was $7,971, across 14 grants on its 2025 IRS Form 990-PF.
Where does Better Future Foundation give grants?
Better Future Foundation gives mostly in California: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (9%) and Missouri (9%). The most frequent recipient cities were New York, NY (2 grants), Sacramento, CA (2 grants) and Orinda, CA (2 grants).
Does Better Future Foundation give general operating support?
Yes: 93% of Better Future Foundation's 2025 grants with a stated purpose (13 of 14) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Better Future Foundation's largest grantees?
Better Future Foundation's largest 2025 grantees include Healthy Aging Villages for All ($50,000), Lamorinda Village Inc ($10,600) and Village to Village Network LLC ($10,000), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is Better Future Foundation?
Better Future Foundation reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $130K in qualifying distributions that year, against a required minimum of $188K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Better Future Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Better Future Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2021–2025.
Does Better Future Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 4, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). Better Future Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/better-future-foundation-morg_93c7e8d7248f44d89c18f63e859b8261
BibTeX
@misc{grantable_873032103_2026,
author = {{Grantable}},
title = {{Better Future Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/better-future-foundation-morg_93c7e8d7248f44d89c18f63e859b8261},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Better Future Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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