Dream Away Foundation

Foundation · Grantmaker Lancaster, PA EIN: 92-2955262

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

4states

Share of all 3 itemized 2025 grant dollars.

Cities

BurlingtonNew YorkNorristownPennsaukenPhiladelphiaWest Reading

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants20233 grants20243 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Reading Skatepark Association: $75KReading Skatepark Association$75KFree Library of Philadelphia Foundation: $50KFree Library of PhiladelphiaFoundation$50KBooksmiles: $25KBooksmiles$25K

Grant Size Distribution

6 grants across all recorded years

3<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
READING SKATEPARK ASSOCIATION West Reading, PAGENERAL SUPPORT$75,000
FREE LIBRARY OF PHILADELPHIA FOUNDATION Philadelphia, PAGENERAL SUPPORT$50,000
BOOKSMILES Pennsauken, NJGENERAL SUPPORT$25,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K202320242025
Metric202520242023
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

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  2. 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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