Foster Family Foundation

Foundation · Grantmaker Faribault, MN EIN: 37-2156368

Foster Family Foundation is a private foundation, based in Faribault, MN. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 4 grants totaling $25K. Net investment income was $18K.

Key facts about Foster Family Foundation

In short: Foster Family Foundation gave $25K across 4 grants in 2025 (avg $6K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

EIN
37-2156368
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$24,850
Grants made (2025)
4
Average grant
$6,213
Median grant
$4,805
Total assets
$1,112,897
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

+13.0% YoY

Annual Giving

$25K

+728.3% YoY

Grant Count

4

+100.0% YoY

Avg Grant Size

$6K

+314.2% YoY

Under IRS private-foundation payout rules, Foster Family Foundation reported a distributable amount of $51K for 2025 — the minimum it must pay out in qualifying distributions.

How Foster Family Foundation gives

  • In 2025 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 4 itemized 2025 grant dollars.

States

Cities

Northfield

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants20244 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Clear Lake Association: $15KClear Lake Association$15KNorthfield Shares: $5KNorthfield Shares$5KRice Dakota Goodhue County Isd 659: $5KRice Dakota Goodhue County Isd659$5KRice County Area United Way: $240Rice County Area United Way$240

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CLEAR LAKE ASSOCIATION Northfield, MNAERATION SYSTEM$15,000
NORTHFIELD SHARES Northfield, MNNORTHFIELD ICE AREAN$5,000
RICE DAKOTA GOODHUE COUNTY ISD 659 Northfield, MNBOYS LACROSSE JERSEYS$4,610
RICE COUNTY AREA UNITED WAY Northfield, MNBOOK BASH$240

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M20242025
Metric20252024
Total Assets$1,112,897$984,548
Revenue$9,769$1,001,827
Expenses$38,358$5,416
Qualifying Distributions$38,358$5,416
Net Investment Income$17,876$1,827
Distributable Amount$50,569$8,126

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)

Leadership & Key People

Officers and directors from IRS filings

Foster Family Foundation is led by Sherry A. Foster, President on every filing since 2024; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Sherry A. Foster

    President

    On filings since 2024

    1 hr/week

    No compensation reported

  • Michael B. Foster

    Treasurer

    On filings since 2024

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2024–2025. "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 Family Foundation

How much does Foster Family Foundation give each year?

Foster Family Foundation gave $25K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 2 grants.

What is Foster Family Foundation's typical grant size?

Foster Family Foundation's median grant in 2025 was $4,805, and its average grant was $6,213, across 4 grants on its 2025 IRS Form 990-PF.

Where does Foster Family Foundation give grants?

Foster Family Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Northfield, MN (4 grants).

Does Foster Family Foundation give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Foster Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.

How large is Foster Family Foundation?

Foster Family Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $51K (roughly 5% of its investment assets).

What is Foster Family Foundation's EIN?

Foster Family Foundation's EIN (Employer Identification Number) is 37-2156368. IRS Form 990 filing data is available on this page for 2024–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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