Foster Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 1 grants totaling $100K. Net investment income was $72K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-1.6% YoY
Annual Giving
$100K
-67.2% YoY
Grant Count
1
-83.3% YoY
Avg Grant Size
$100K
+96.7% YoY
About Foster Foundation Inc
Based on IRS filings
Foster Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 1 grants totaling $100K. Net investment income was $72K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,907,098 | $1,938,341 | $2,169,168 |
| Revenue | $109,459 | $111,991 | $127,622 |
| Expenses | $140,702 | $342,818 | $501,206 |
| Qualifying Distributions | $103,318 | $309,481 | $454,293 |
| Net Investment Income | $72,175 | $77,264 | $87,373 |
| Distributable Amount | $156,144 | $143,081 | $210,477 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOUISE L FOSTER | PRES/TREAS/DIRECTOR | 2 | — |
| GILBERT L GATES | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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