Foster Charitable Trust
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
28
-9.7% YoY
Avg Grant Size
$4K
-25.2% YoY
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
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
No grants recorded for .
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 | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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