Foster Karney Trust Foundation
Foster Karney Trust Foundation is a private foundation based in Ocean City, New Jersey. It makes grants to charitable organizations; its 2025 filing describes its contributions as going only to preselected organizations.
Foster Karney Trust Foundation at a glance
In short: Foster Karney Trust Foundation gave $242K across 19 grants in 2025 (avg $13K), mostly in New Jersey. 26% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $241,779
- +17.2% vs 2024
- Grants made (2025)
- 19
- -13.6% vs 2024
- Average grant
- $12,725
- +35.7% vs 2024
- Median grant
- $14,000
- Total assets
- $3,294,402
- -5.8% vs 2024
- New grantees (estimate)
- 26% first-time grantees (5 of 19, 2025; small sample)
- Primary geography
- New Jersey (88% 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 Karney Trust Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 364, Ocean City, NJ 08226
Phone: (609) 399-5796
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Foster Karney Trust Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Foundation of Substainable Vets HOU ($27K). Together the top 10 received $199K.
Grant Size Distribution
111 grants across all recorded years
The most common grant size was under $50K: 111 grants of 111 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in Ocean City, New Jersey. In 2025, 88% of grant dollars went to recipients in New Jersey and 12% to recipients in Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
Is Foster Karney Trust Foundation open to new grantees?
26%
first-time grantees, 2025
In 2025, 5 of 19 grantees (26%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $19K; repeat grants $11K. How we count
Medians: $20K first-time, $10K repeat.
- 63% of 2025 grantees were also funded in 2024. Method
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $177K (2019) to $242K (2025). In 2025 it made 19 grants totaling $242K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation of Substainable Vets HOU Westfield, NJ | General Purpose | $27,000 |
| Ranch Hope Galloway, NJ | General Purpose | $27,000 |
| John R Elliott Hero Campaign Somers Point, NJ | General Purpose | $24,000 |
| Sunshine Foundation Southampton, PA | General Purpose | $22,000 |
| Shore Memorial Center Somers Point, NJ | General Purpose | $20,000 |
| Hope Music Festival Somers Point, NJ | General Purpose | $18,000 |
| Volunteers in Medicine Cape May Court House, NJ | General Purpose | $18,000 |
| Oc High School Scholarships Ocean City, NJ | General Purpose | $15,000 |
| American Legion Auxiliary Post 524 Ocean City, NJ | General Purpose | $14,279 |
| American Legion Post 524 Ocean City, NJ | General Purpose | $14,000 |
Ready to take the next step with Foster Karney Trust Foundation?
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 | $3,294,402 | $450,088 | $251,106 | $241,779 | 19 | $244,667 | $180,886 | $244,017 |
| 2024 | $3,496,511 | $237,471 | $214,118 | $206,362 | 22 | $206,362 | $153,879 | $234,901 |
| 2023 | $3,469,891 | $177,710 | $217,570 | $211,808 | 23 | $211,808 | $153,915 | $201,187 |
| 2022 | $3,504,821 | $403,652 | $191,092 | $181,093 | 21 | $181,093 | $149,380 | $205,170 |
| 2021 | $3,293,234 | $412,545 | $192,081 | $184,526 | 26 | $184,526 | $147,396 | $206,679 |
| 2020 | $3,064,711 | $487,363 | $194,467 | $185,658 | 26 | — | $132,245 | $163,760 |
| 2019 | $2,767,575 | $345,379 | $185,887 | $177,445 | 35 | — | $141,292 | $177,275 |
Under IRS private-foundation payout rules, Foster Karney Trust Foundation reported a distributable amount of $244K 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
No mission statement for the foundation is provided. Its grants support organizations with a range of missions. For example, Ranch Hope describes its work as providing residential and private-school programs for emotionally disturbed children ages 11 to 17. Sunshine Foundation says it answers the dreams of children with severe or profound challenges or trauma, subject to household-income limits. Other 2024 grantees included Gilda’s Club South Jersey, which describes its mission as supporting people impacted by cancer, and the Marine Mammal Stranding Center, which says it rescues, rehabilitates, and releases stranded, sick, or injured marine mammals and sea turtles.
Grantmaking
In 2025, the foundation made 19 grants totaling $241,779. Grant amounts ranged from $1,000 to $27,000, with a median grant of $14,000. The listed grants generally have a stated purpose of “general purpose.” Among the largest were $27,000 each to Foundation of Sustainable Vets Hou and Ranch Hope; $24,000 to John R Elliott Hero Campaign; $22,000 to Sunshine Foundation; and $20,000 to Shore Memorial Center.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Edward Price as chairman, George Bookos as secretary, and John Quinn as treasurer.
Foster Karney Trust Foundation is led by Edward Price, Chairman since 2025 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward Price
Chairman
Executive Co → Chairmen, 2020
Chairmen → Chairman, 2025
On filings since 2019
1 hr/week
No compensation reported
John Quinn
Treasurer
On filings since 2019
1 hr/week
No compensation reported
George Bookos
Secretary
On filings since 2020
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.
Frequently asked questions about Foster Karney Trust Foundation
How much does Foster Karney Trust Foundation give each year?
Foster Karney Trust Foundation gave $242K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $206K across 22 grants.
What is Foster Karney Trust Foundation's typical grant size?
Foster Karney Trust Foundation's median grant in 2025 was $14,000, and its average grant was $12,725, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Foster Karney Trust Foundation that year got $19K on average.
Where does Foster Karney Trust Foundation give grants?
Foster Karney Trust Foundation gives mostly in New Jersey: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (12%). The most frequent recipient cities were Ocean City, NJ (7 grants) and Somers Point, NJ (4 grants).
Does Foster Karney Trust Foundation give general operating support?
Yes: 100% of Foster Karney Trust Foundation's 2025 grants with a stated purpose (19 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Foster Karney Trust Foundation's largest grantees?
Foster Karney Trust Foundation's largest 2025 grantees include Foundation of Substainable Vets HOU ($27,000), Ranch Hope ($27,000) and John R Elliott Hero Campaign ($24,000), according to its 2025 IRS Form 990-PF. Together they received 32% of its itemized 2025 grant dollars.
How large is Foster Karney Trust Foundation?
Foster Karney Trust Foundation reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $245K in qualifying distributions that year, against a required minimum of $244K (roughly 5% of its investment assets).
What does Foster Karney Trust Foundation fund?
No mission statement for the foundation is provided. Its grants support organizations with a range of missions. For example, Ranch Hope describes its work as providing residential and private-school programs for emotionally disturbed children ages 11 to 17. See mission & focus areas ↑
How do I apply for a grant from Foster Karney Trust Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Foster Karney Trust Foundation's EIN?
Foster Karney Trust Foundation's EIN (Employer Identification Number) is 22-6441627. IRS Form 990 filing data is available on this page for 2019–2025.
Does Foster Karney Trust Foundation 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS June 15, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 5, 2024)
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Cite this profile
Grantable. (2026). Foster Karney Trust Foundation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/foster-karney-trust-foundation-morg_a4171d966f4f478583b56feaaf2b2547
BibTeX
@misc{grantable_226441627_2026,
author = {{Grantable}},
title = {{Foster Karney Trust Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/foster-karney-trust-foundation-morg_a4171d966f4f478583b56feaaf2b2547},
note = {Accessed 2026-10-21. 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 Karney Trust Foundation'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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