Foster Karney Trust Fund
The Foster Karney Trust Fund is a private foundation based in Ocean City, New Jersey. Established in 1988, it operates as a 501(c)(3) organization with no employees. The foundation functions as a grantmaking entity focused on general purpose philanthropy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+0.8% YoY
Annual Giving
$206K
-2.6% YoY
Grant Count
22
-4.3% YoY
Avg Grant Size
$9K
+1.9% YoY
Grantmaking
The foundation made 26 grants in 2024. Recent grantees include:
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Geographic Focus
Where this funder awards grants
The foundation is based in Ocean City, New Jersey and appears to focus its grantmaking in the local and regional area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Total Assets: $3,496,511
- Total Revenues: $237,471
- Total Expenses: $214,118
- Investment Income and Dividends: $154,515
- Net Gain from Sale of Non-Inventory Assets: $82,956
- Miscellaneous Revenues: $9,903
Fiscal Year 2023:
- Investment Income and Dividends: $153,915
- Net Gain from Sale of Non-Inventory Assets: $23,795
- Miscellaneous Revenues: $4,929
The foundation receives no grants or contributions, relying instead on investment income and asset sales to fund its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,496,511 | $3,469,891 | $3,504,821 |
| Revenue | $237,471 | $177,710 | $403,652 |
| Expenses | $214,118 | $217,570 | $191,092 |
| Qualifying Distributions | $206,362 | $211,808 | $181,093 |
| Net Investment Income | $153,879 | $153,915 | $149,380 |
| Distributable Amount | $234,901 | $201,187 | $205,170 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
118 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 |
|---|---|---|---|
| JOHN QUINN | TREASURER | — | — |
| EDWARD PRICE | CHAIRMEN | — | — |
| GEORGE BOOKOS | SECRETARY | — | — |
Contact Information
Mailing Address: PO Box 364 Ocean City, NJ 08226
EIN: 22-6441627
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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