Foster-Davis Foundation Inc
Foster-Davis Foundation Inc is a private foundation established in 1966 in Connecticut. The foundation is currently based in Wilmington, Delaware, with administrative offices also listed in Wilton, Connecticut and Greenwich, Connecticut. It operates as an independent foundation focused on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.3M
+7.6% YoY
Annual Giving
$530K
+33.2% YoY
Grant Count
34
+13.3% YoY
Avg Grant Size
$16K
+17.5% YoY
Under IRS private-foundation payout rules, Foster-Davis Foundation Inc reported a distributable amount of $692K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary giving areas include:
- Higher Education — A major funding priority
- Health and Disease Research — Including support for organizations addressing ALS, Alzheimer's disease, and other health conditions
- Mental Health Research
- Biology Research
- Environmental Conservation and Animal Welfare — Including wildlife preservation and fisheries conservation
- Health Associations
- Recreational Facilities
- Human Services — Including support for homeless and disabled populations
The foundation gives nationally, with particular emphasis on health and disease research. Connecticut receives priority consideration for grants in other giving areas.
Grantmaking
How to Apply
** The foundation does not maintain a public website and does not appear to accept unsolicited proposals. Networking with past grantees may be necessary to access funding opportunities.
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Geographic Focus
Where this funder awards grants
The foundation funds nationally, with particular geographic priorities:
- Connecticut — Primary focus for education, human services, and environmental giving
- National scope — For health and disease research initiatives
- Additional giving in Massachusetts and the District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $9,288,883
- Total Revenues: $1,295,317
- Total Expenses: $640,873
- Total Giving: $530,000
- Investment Income and Dividends: $428,093
- Net Gain from Sale of Non-Inventory Assets: $867,088
- Number of Employees: 0
Historical Context: The foundation maintains a low profile with minimal public transparency regarding grantmaking strategies and guidelines.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,288,883 | $8,634,439 | $7,432,823 |
| Revenue | $1,295,317 | $1,725,861 | $976,106 |
| Expenses | $640,873 | $509,092 | $401,132 |
| Qualifying Distributions | $542,841 | $412,742 | $321,361 |
| Net Investment Income | $1,225,302 | $1,649,061 | $906,335 |
| Distributable Amount | $691,949 | $603,892 | $600,068 |
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
138 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Norwalk Hospital Foundation Inc ($100,000), Asmt Inc ($75,000), The V Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 350ORG BOSTON, MA | General & Unrestricted | $15,000 |
| AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC NEW YORK, NY | General & Unrestricted | $10,000 |
| AMERICAN NEAR EAST REFUGEE AID INC WASHINGTON, DC | General & Unrestricted | $10,000 |
| ASMT INC NASHVILLE, TN | General & Unrestricted | $75,000 |
| AUTISM SCIENCE FOUNDATION SCARSDALE, NY | General & Unrestricted | $10,000 |
| BOYS & GIRLS CLUB OF THE LOWER NAUGATUCK VALLEY SHELTON, CT | General & Unrestricted | $2,000 |
| CLEAN AIR TASK FORCE INC BOSTON, MA | General & Unrestricted | $10,000 |
| COMMITTEE ON TEMPORARY SHELTER BURLINGTON, VT | General & Unrestricted | $5,000 |
| CRESTON AVENUE BAPTIST CHURCH BRONX, NY | General & Unrestricted | $4,000 |
| DANA FARBER CANCER INSTITUTE INC BOSTON, MA | Jimmy Fund/Pan Mass Challenge | $7,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Foster Bam — Founder and former President (deceased 2023); Yale University graduate (1950) and Yale Law School graduate (1953); practiced law at Cummings & Lockwood in Greenwich, Connecticut
- S Carol Bam — Vice President
- Edward F Rodenbach — Secretary/Assistant Treasurer
The foundation is currently steered by Foster Bam's family following his death in 2023.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carol Bam | Dir, VP | 1 | — |
| Eric F Bam | Dir, Pres, Treas | 10 | — |
| April Kosakoff | Dir, Sec | 1 | — |
| Rotimi Sijuwade | Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Foster-Davis Foundation Inc fund?
The foundation's primary giving areas include: • **Higher Education** — A major funding priority • **Health and Disease Research** — Including support for organizations addressing ALS, Alzheimer's disease, and other health conditions • **Mental Health Research** • **Biology Research** • **Environmental Conservation and Animal Welfare** — Including wildlife preservation and fisheries conservation • **Health Associations** • **Recreational Facilities** • **Human Services** — Including support for…
How do I apply for a grant from Foster-Davis Foundation Inc?
**Grant Amounts:** Typical awards range from $1,000 to $200,000. **Recent Grant Activity (2024):** • Total giving: $530,000 • Number of grants: 23-27 grants made • Notable recent grants include: • Norwalk Hospital Foundation: $100,000 (Norwalk Hospital Pavilion Project) • Autism Tennessee: $75,000 (General & Unrestricted) • The V Foundation: $30,000 (General & Unrestricted) **Application Process:** The foundation does not maintain a public website and does not appear to accept unsolicited propo…
Where does Foster-Davis Foundation Inc make grants?
The foundation funds nationally, with particular geographic priorities: • **Connecticut** — Primary focus for education, human services, and environmental giving • **National scope** — For health and disease research initiatives • Additional giving in Massachusetts and the District of Columbia
What size grants does Foster-Davis Foundation Inc award?
In 2024, Foster-Davis Foundation Inc awarded 34 grants totaling $530K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Foster-Davis Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Foster-Davis Foundation Inc reported a distributable amount of $692K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Foster-Davis Foundation Inc's EIN?
Foster-Davis Foundation Inc's EIN (Employer Identification Number) is 06-0811599. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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