Foster Charitable Trust

PITTSBURGH, PA EIN: 25-6064791 Website

Foster Charitable Trust is a nonprofit organization based in Los Angeles, California, operating under 501(c)(3) status. The organization was founded in 2020 and is dedicated to supporting the United States Armed Forces community through charitable initiatives.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

+12.3% YoY

Annual Giving

$125K

-32.5% YoY

Grant Count

-9.7% YoY

Avg Grant Size

$4K

-25.2% YoY

Under IRS private-foundation payout rules, Foster Charitable Trust reported a distributable amount of $147K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Foster Charitable Trust's mission centers on honoring, empowering, and supporting veterans, active-duty service members, and their families. The organization operates around three core pillars:

Empowerment Through Opportunity: Investing in the future of veterans by providing access to education, professional development, and reintegration resources to help them thrive in civilian life.

Relief Through Support: Addressing immediate and long-term challenges facing veterans and their families, offering tailored and compassionate assistance in areas such as financial hardship and healthcare access.

Legacy Through Patriotism: Preserving the stories, sacrifices, and contributions of those who have served by fostering a deep sense of national pride and community engagement.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $909K (69%)

Illinois $346K (26%)

California $21K (2%)

New York $15K (1%)

Utah $14K (1%)

Ohio $10K (1%)

Kansas $2K (0%)

Florida $1K (0%)

+4 more states

States

California Connecticut District of Columbia Florida Illinois Kansas Michigan New York Ohio Pennsylvania Tennessee Utah

Cities

BastonChicagoDublinGlencoeGrandvilleHighland ParkKanabLos AngelesMemphisNaplesNew HavenNew YorkNorthfieldPark CityPittsburghRochesterStanfordStaten IslandTopekaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,767,308	$2,465,113	$2,520,823
Revenue	$446,855	$148,947	$191,214
Expenses	$144,660	$204,657	$266,967
Qualifying Distributions	$124,800	$184,770	$192,470
Net Investment Income	$414,369	$86,776	$188,777
Distributable Amount	$146,834	$137,435	$144,442

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

121 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United Jewish Federation - Jewish Federation of Greater Pittsburgh ($47,700), Jewish Cemetery & Burial Association of Greater Pittsburgh ($10,000), Pittsburgh Cultural Trust ($10,000).

Recipient	Purpose	Amount
ALZHEIMERS ASSOCIATION PITTSBURGH, PA	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$500
BEST FRIENDS ANIMAL SOCIETY KANAB, UT	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$500
CHICAGO BOTANIC GARDENS GLENCOE, IL	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$1,500
CHICAGO PSYCHOANALYTIC INSTITUTE CHICAGO, IL	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$5,000
ENVIRONMENTAL DEFENSE FUND INC NEW YORK, NY	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$500
HIGHLAND PARK COMMUNITY FOUNDATION HIGHLAND PARK, IL	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$1,000
JEWISH CEMETERY & BURIAL ASSOCIATION OF GREATER PITTSBURGH PITTSBURGH, PA	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$10,000
JEWISH UNITED FUND CHICAGO, IL	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$6,000
MORE THAN MUSIC FOUNDATION INC PARK CITY, UT	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$1,000
NORTHMOOR EDUCATION FOUNDATION HIGHLAND PARK, IL	DISTRIBUTIONS FOR CHARITABLE PURPOSES	$600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PENNY FOSTER	TRUSTEE	—	—
LEE B FOSTERII	TRUSTEE	—	—
PETER F MARS	TRUSTEE	—	—
LYNN B FOSTER	TRUSTEE	—	—
KIM FOSTER PETRACCA	TRUSTEE	—	—
CRAIG J FOSTER	TRUSTEE	—	—
ALEXANDRA D MARS	TRUSTEE	—	—

Frequently Asked Questions

What does Foster Charitable Trust fund?

Foster Charitable Trust's mission centers on honoring, empowering, and supporting veterans, active-duty service members, and their families. The organization operates around three core pillars: **Empowerment Through Opportunity:** Investing in the future of veterans by providing access to education, professional development, and reintegration resources to help them thrive in civilian life. **Relief Through Support:** Addressing immediate and long-term challenges facing veterans and their famili…

What size grants does Foster Charitable Trust award?

In 2024, Foster Charitable Trust awarded 28 grants totaling $125K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Foster Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Foster Charitable Trust reported a distributable amount of $147K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.