Foster Family Foundation
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.
Foster Family Foundation at a glance
In short: Foster Family Foundation gave $25K across 4 grants in 2025 (avg $6K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,850
- +728.3% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $6,213
- +314.2% vs 2024
- Median grant
- $4,805
- Total assets
- $1,112,897
- +13.0% vs 2024
- Primary geography
- Minnesota (100% 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 Foster Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Clear Lake Association ($15K). Together the top 4 received $25K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $3K (2024) to $25K (2025). In 2025 it made 4 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Clear Lake Association Northfield, MN | Aeration System | $15,000 |
| Northfield Shares Northfield, MN | Northfield Ice Arean | $5,000 |
| Rice Dakota Goodhue County ISD 659 Northfield, MN | Boys Lacrosse Jerseys | $4,610 |
| Rice County Area United Way Northfield, MN | Book Bash | $240 |
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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 | $1,112,897 | $9,769 | $38,358 | $24,850 | 4 | $38,358 | $17,876 | $50,569 |
| 2024 | $984,548 | $1,001,827 | $5,416 | $3,000 | 2 | $5,416 | $1,827 | $8,126 |
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
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