The Foster Family Foundation Dtd 5241997
The Foster Family Foundation Dtd 5241997 is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.8M in total assets. In 2025, it awarded 4 grants totaling $2.1M. Net investment income was $945K.
The Foster Family Foundation Dtd 5241997 at a glance
In short: The Foster Family Foundation Dtd 5241997 gave $2.1M across 4 grants in 2025 (avg $538K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,150,000
- +43.3% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $537,500
- -28.3% vs 2024
- Median grant
- $475,000
- Total assets
- $3,768,990
- -24.9% vs 2024
- Primary geography
- Michigan (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Foster Family Foundation Dtd 5241997 funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Grand Traverse Bay YMCA ($1.0M). Together the top 4 received $2.1M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 9 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Foster Family Foundation Dtd 5241997 gives
- Giving grew 231% from 2022 to 2025. Method
- In 2025 it paid out 653% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $250K (2023) to $2.1M (2025). In 2025 it made 4 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Traverse Bay YMCA Traverse City, MI | General Support | $1,000,000 |
| Munson Healthcare Foundation Traverse City, MI | General Support | $750,000 |
| Interlochen Center for the Arts Interlochen, MI | General Support | $200,000 |
| Mayo Clinic Rochester, MN | General Support | $200,000 |
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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 | $3,768,990 | $955,509 | $2,207,255 | $2,150,000 | 4 | $2,172,733 | $945,375 | $332,911 |
| 2024 | $5,017,400 | $1,003,168 | $1,537,207 | $1,500,000 | 2 | $1,525,546 | $991,507 | $339,162 |
| 2023 | $5,551,675 | $181,054 | $286,538 | $250,000 | 1 | $274,817 | $185,042 | $343,876 |
| 2022 | $5,659,005 | $339,008 | $701,687 | $650,000 | 1 | $675,887 | $325,628 | $347,854 |
| 2021 | $6,021,694 | $716,163 | $1,046,554 | $1,000,000 | 1 | $1,030,783 | $700,882 | $421,503 |
| 2020 | $6,352,211 | $468,465 | $450,976 | $394,000 | 4 | — | $454,861 | $357,709 |
| 2019 | $6,334,722 | $675,630 | $322,731 | $270,000 | 3 | — | $661,699 | $370,228 |
Under IRS private-foundation payout rules, The Foster Family Foundation Dtd 5241997 reported a distributable amount of $333K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Foster Family Foundation Dtd 5241997's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Northern Trust Company
Trustee
On filings since 2019
40 hrs/week
$35K (2019) → $30K (2025)
Brian C. Foster
Trustee
On filings since 2019
1 hr/week
No compensation reported
Phyllis Foster
Trustee
On filings since 2019
1 hr/week
No compensation reported
Robert C. Foster Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to Northern Trust Company (Trustee).
Frequently asked questions about The Foster Family Foundation Dtd 5241997
How much does The Foster Family Foundation Dtd 5241997 give each year?
The Foster Family Foundation Dtd 5241997 gave $2.1M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.5M across 2 grants.
What is The Foster Family Foundation Dtd 5241997's typical grant size?
The Foster Family Foundation Dtd 5241997's median grant in 2025 was $475,000, and its average grant was $537,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Foster Family Foundation Dtd 5241997 give grants?
The Foster Family Foundation Dtd 5241997 gives mostly in Michigan: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (9%). The most frequent recipient cities were Traverse City, MI (2 grants).
Does The Foster Family Foundation Dtd 5241997 give general operating support?
Yes: 100% of The Foster Family Foundation Dtd 5241997's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Foster Family Foundation Dtd 5241997?
The Foster Family Foundation Dtd 5241997 reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $333K (roughly 5% of its investment assets).
What is The Foster Family Foundation Dtd 5241997's EIN?
The Foster Family Foundation Dtd 5241997's EIN (Employer Identification Number) is 38-3357234. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2019–2024
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