Dream Away Foundation
Dream Away Foundation is a private foundation, based in Lancaster, PA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $612K in total assets. In 2025, it awarded 3 grants totaling $150K. Net investment income was $301K.
Dream Away Foundation at a glance
In short: Dream Away Foundation gave $150K across 3 grants in 2025 (avg $50K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $150,000
- +7.1% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $50,000
- +7.1% vs 2024
- Median grant
- $50,000
- Total assets
- $611,955
- +36.3% vs 2024
- Primary geography
- Pennsylvania (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Dream Away Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Reading Skatepark Association ($75K). Together the top 3 received $150K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 3 grants of 6 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Dream Away Foundation gives
- In 2025 it paid out 955% of its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $140K (2024) to $150K (2025). In 2025 it made 3 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reading Skatepark Association West Reading, PA | General Support | $75,000 |
| Free Library of Philadelphia Foundation Philadelphia, PA | General Support | $50,000 |
| Booksmiles Pennsauken, NJ | General Support | $25,000 |
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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 | $611,955 | $606,497 | $158,624 | $150,000 | 3 | $151,701 | $301,096 | $15,885 |
| 2024 | $448,991 | $473,548 | $151,121 | $140,000 | 3 | $141,452 | $171,897 | $11,235 |
| 2023 | $293,396 | $536,652 | $10,647 | — | — | $4,763 | $233,458 | $4,611 |
Under IRS private-foundation payout rules, Dream Away Foundation reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dream Away Foundation is led by Karen Arnold President, President & Director on every filing since 2023; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen Arnold President
President & Director
On filings since 2023
1 hr/week
No compensation reported
Gene P. Otto
Secretary & Director
On filings since 2023
1 hr/week
No compensation reported
John M. Arnold
Treasurer & Director
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Dream Away Foundation
How much does Dream Away Foundation give each year?
Dream Away Foundation gave $150K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $140K across 3 grants.
What is Dream Away Foundation's typical grant size?
Dream Away Foundation's median grant in 2025 was $50,000, and its average grant was $50,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Dream Away Foundation give grants?
Dream Away Foundation gives mostly in Pennsylvania: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (17%).
Does Dream Away Foundation give general operating support?
Yes: 100% of Dream Away Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Dream Away Foundation?
Dream Away Foundation reported $612K in total assets on its 2025 IRS Form 990-PF. It paid out $152K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is Dream Away Foundation's EIN?
Dream Away Foundation's EIN (Employer Identification Number) is 92-2955262. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Dream Away Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Dream Away Foundation's focus areas in our free grants database
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Dream Away Foundation down — hundreds of funders to go?