Foster-Davis Foundation Inc
Foster-Davis Foundation Inc is a private foundation based in Wilmington, Delaware. Its 2025 filing reports grants to organizations including a hospital foundation, colleges and schools, humanitarian and food organizations, an environmental organization, and a cancer-research funder.
Foster-Davis Foundation Inc at a glance
In short: Foster-Davis Foundation Inc gave $527K across 32 grants in 2025 (avg $16K), top state Connecticut. 41% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $526,500
- -0.7% vs 2024
- Grants made (2025)
- 32
- -5.9% vs 2024
- Average grant
- $16,453
- +5.5% vs 2024
- Median grant
- $8,500
- Total assets
- $10,345,494
- +11.4% vs 2024
- New grantees (estimate)
- 41% first-time grantees (13 of 32, 2025)
- Primary geography
- Connecticut (26% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Foster-Davis Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Foster-Davis Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Norwalk Hospital Foundation Inc ($100K). Together the top 10 received $383K.
Grant Size Distribution
147 grants across all recorded years
The most common grant size was under $50K: 135 grants of 147 (92%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in Connecticut (26%), New York (24%), and the District of Columbia (12%). Maryland received 7% and Massachusetts 6%. The listed grants also included recipients in Tennessee, Virginia, Washington, and North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 32 itemized grants.
States
Cities
Is Foster-Davis Foundation Inc open to new grantees?
41%
first-time grantees, 2025
In 2025, 13 of 32 grantees (41%) were first-time recipients. First grants averaged $20K; repeat grants $14K. How we count
Medians: $12K first-time, $8K repeat.
- 56% of 2025 grantees were also funded in 2024. Method
- Giving grew 66% from 2022 to 2025. Method
- In 2025 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $318K (2022) to $580K (2021). In 2025 it made 32 grants totaling $527K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Norwalk Hospital Foundation Inc Norwalk, CT | Norwalk Hospital Pavilion Project | $100,000 |
| Bard College Annandaleonhudson, NY | Sheila Bam Kosakoff Theater Development Scholarship Fund | $60,000 |
| Vassar College Poughkeepsie, NY | General & Unrestricted | $50,000 |
| Medecins Sans Frontieres USA Inc Hagerstown, MD | General & Unrestricted | $35,000 |
| Northfield Mount Hermon School Mount Hermon, MA | General & Unrestricted | $25,000 |
| Second Harvest Food Bank of Middle Tennessee Inc Nashville, TN | General & Unrestricted | $25,000 |
| St Catherines School Foundation Richmond, VA | General & Unrestricted | $25,000 |
| World Central Kitchen Incorporated Washington, DC | General & Unrestricted | $25,000 |
| Northwest Harvest E M M Seattle, WA | General & Unrestricted | $22,000 |
| Environmental Defense Fund Incorporated Washington, DC | General & Unrestricted | $16,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,345,494 | $1,640,814 | $584,203 | $526,500 | 32 | $565,735 | $1,635,646 | $752,742 |
| 2024 | $9,288,883 | $1,295,317 | $640,873 | $530,000 | 34 | $542,841 | $1,225,302 | $691,949 |
| 2023 | $8,634,439 | $1,725,861 | $509,092 | $398,000 | 30 | $412,742 | $1,649,061 | $603,892 |
| 2022 | $7,432,823 | $976,106 | $401,132 | $317,500 | 21 | $321,361 | $906,335 | $600,068 |
| 2021 | $6,863,180 | $395,486 | $649,936 | $580,173 | 30 | $583,297 | $328,847 | $572,462 |
| 2020 | $7,117,594 | $460,511 | $505,120 | $417,000 | 23 | — | $393,924 | $429,964 |
Under IRS private-foundation payout rules, Foster-Davis Foundation Inc reported a distributable amount of $753K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2025 grants show support for organizations working in several areas. For example, Norwalk Hospital Foundation says its mission is to raise and administer funds for Norwalk Hospital and affiliated nonprofits. Bard College describes its mission as providing a challenging academic program and a supportive environment for intellectual exchange and achievement. Northfield Mount Hermon School says it educates students’ intellect, compassion, and talents.
Other supported organizations describe different kinds of work: World Central Kitchen says it provides meals in response to humanitarian, climate, and community crises; Friends of Ambler Farm says it promotes active learning, sustainable agriculture, land stewardship, and historic preservation; and The V Foundation says it funds cancer research. These are the grantees’ stated missions, not stated priorities of the foundation.
Grantmaking
In 2025, the foundation reported 32 grants totaling $526,500. Grant amounts ranged from $500 to $100,000, with a median of $8,500. Among the largest awards were $100,000 to Norwalk Hospital Foundation for its Pavilion Project, $60,000 to Bard College for the Sheila Bam Kosakoff Theater Development Scholarship Fund, and $50,000 to Vassar College for general and unrestricted purposes.
Other notable 2025 grants included $35,000 to Médecins Sans Frontières USA; $25,000 each to Northfield Mount Hermon School, Second Harvest Food Bank of Middle Tennessee, St. Catherine’s School Foundation, and World Central Kitchen; and $22,000 to Northwest Harvest.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carol Bam as director and vice president; Eric F Bam as director, president, and treasurer; and April Kosakoff as director and secretary.
Foster-Davis Foundation Inc is led by Eric F Bam, Director, President & Treasurer since 2024 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eric F Bam
Director, President & Treasurer
Vice President → President, 2023
President → Director, President & Treasurer, 2024
On filings since 2020
10 hrs/week
No compensation reported
April Kosakoff
Director & Secretary
Secretary → Director & Secretary, 2024
On filings since 2023
1 hr/week
No compensation reported
Carol Bam
Director & Vice President
On filings since 2024
1 hr/week
No compensation reported
Former officers (8)
- Former: Rotimi Sijuwade (2023–2024) — Treasurer
- Former: Edward F. Rodenbach (2020–2023) — Past Secretary & Assistant Treasurer
- Former: Foster Bam (2020–2023) — Past President
- Former: S. Carol Bam (2020–2023) — Vice President
- Former: Jonathan B. Mills (2022–2023) — Past Vice President
- Former: Laura W. Beck (2022–2023) — Past Vice President
- Former: Rotimi Sujiwade (2022) — Treasurer & Assistant Secretary
- Former: Patricia S. Bam (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "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 Foster-Davis Foundation Inc
How much does Foster-Davis Foundation Inc give each year?
Foster-Davis Foundation Inc gave $527K across 32 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $530K across 34 grants.
What is Foster-Davis Foundation Inc's typical grant size?
Foster-Davis Foundation Inc's median grant in 2025 was $8,500, and its average grant was $16,453, across 32 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Foster-Davis Foundation Inc that year got $20K on average.
Where does Foster-Davis Foundation Inc give grants?
Foster-Davis Foundation Inc's top state is Connecticut, with 26% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (24%) and District of Columbia (12%). The most frequent recipient cities were Washington, DC (5 grants), Norwalk, CT (2 grants), Wilton, CT (2 grants) and Bronx, NY (2 grants).
Does Foster-Davis Foundation Inc give general operating support?
Yes: 88% of Foster-Davis Foundation Inc's 2025 grants with a stated purpose (28 of 32) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Foster-Davis Foundation Inc's largest grantees?
Foster-Davis Foundation Inc's largest 2025 grantees include Norwalk Hospital Foundation Inc ($100,000), Bard College ($60,000) and Vassar College ($50,000), according to its 2025 IRS Form 990-PF. Together they received 40% of its itemized 2025 grant dollars.
How large is Foster-Davis Foundation Inc?
Foster-Davis Foundation Inc reported $10.3M in total assets on its 2025 IRS Form 990-PF. It paid out $566K in qualifying distributions that year, against a required minimum of $753K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Foster-Davis Foundation Inc fund?
The available information does not state a mission for the foundation. Its 2025 grants show support for organizations working in several areas. For example, Norwalk Hospital Foundation says its mission is to raise and administer funds for Norwalk Hospital and affiliated nonprofits. See mission & focus areas ↑
How do I apply for a grant from Foster-Davis Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Foster-Davis Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Foster-Davis Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/foster-davis-foundation-inc-morg_5dbe820867454ffc9ce756693290465c
BibTeX
@misc{grantable_060811599_2026,
author = {{Grantable}},
title = {{Foster-Davis Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/foster-davis-foundation-inc-morg_5dbe820867454ffc9ce756693290465c},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Foster-Davis Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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