Dream Away Foundation
Dream Away Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about Dream Away Foundation
In short: Dream Away Foundation gave $150K across 3 grants in 2025 (avg $50K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- EIN
- 92-2955262
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $150,000
- Grants made (2025)
- 3
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $611,955
- Primary geography
- Pennsylvania (83% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$612K
+36.3% YoY
Annual Giving
$150K
+7.1% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$50K
+7.1% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $611,955 | $448,991 | $293,396 |
| Revenue | $606,497 | $473,548 | $536,652 |
| Expenses | $158,624 | $151,121 | $10,647 |
| Qualifying Distributions | $151,701 | $141,452 | $4,763 |
| Net Investment Income | $301,096 | $171,897 | $233,458 |
| Distributable Amount | $15,885 | $11,235 | $4,611 |
Data update history
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
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?
Dream Away Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lancaster, PA. It holds $612K in total assets as of 2025.
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.
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