Foundation for a Better Tomorrow Inc
Foundation for a Better Tomorrow Inc is a private foundation, based in Madison, MS. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $469K in total assets. In 2025, it awarded 7 grants totaling $68K. Net investment income was $46K.
Foundation for a Better Tomorrow Inc at a glance
In short: Foundation for a Better Tomorrow Inc gave $68K across 7 grants in 2025 (avg $10K), top state Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,500
- +0.0% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $9,643
- +0.0% vs 2024
- Median grant
- $10,000
- Total assets
- $468,691
- -4.4% vs 2024
- Primary geography
- Pennsylvania (41% 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 Foundation for a Better Tomorrow Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Heaven on Earth Now Inc ($10K). Together the top 7 received $68K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Foundation for a Better Tomorrow Inc gives
- Giving grew 35% from 2022 to 2025. Method
- In 2025 it paid out 243% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $36K (2023) to $68K (2025). In 2025 it made 7 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Heaven on Earth Now Inc Timonium, MD | Unrestricted | $10,000 |
| Mississippi Early Learning Center Jackson, MS | Unrestricted | $10,000 |
| Bridges from School to Work Philadelphia, PA | Unrestricted | $10,000 |
| Delaware Riverkeeper Network Bristol, PA | Unrestricted | $10,000 |
| The Lilly Pad Foundation Madison, MS | Unrestricted | $10,000 |
| Global Refuge Baltimore, MD | Unrestricted | $10,000 |
| Drexel University Philadelphia, PA | Unrestricted | $7,500 |
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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 | $468,691 | $50,199 | $71,927 | $67,500 | 7 | $67,500 | $45,772 | $27,733 |
| 2024 | $490,419 | $39,430 | $70,723 | $67,500 | 7 | $67,500 | $36,207 | $28,725 |
| 2023 | $521,540 | $51,282 | $38,877 | $36,000 | 4 | $36,000 | $18,405 | $26,373 |
| 2022 | $509,135 | $20,840 | $53,282 | $50,000 | 5 | $50,000 | $11,958 | $28,169 |
| 2021 | $541,577 | $31,947 | $3,166 | — | — | — | $28,781 | $30,727 |
| 2020 | $512,751 | $12,629 | $3,032 | — | — | — | $9,597 | $26,320 |
Under IRS private-foundation payout rules, Foundation for a Better Tomorrow Inc reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation for a Better Tomorrow Inc is led by Thomas R. Knoche, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas R. Knoche
President
On filings since 2020
No compensation reported
Benjamin Wilhelm
Director
On filings since 2020
No compensation reported
Laura Wilhelm
Director
On filings since 2020
No compensation reported
Nadine Knoche
Director
On filings since 2020
No compensation reported
Andrea Wilhelm
Secretary
On filings since 2020
No compensation reported
Elizabeth Wilhelm
Co-Treasurer
C0-Treasurer → Co-Treasurer, 2025
On filings since 2020
No compensation reported
Lee Wilhelm
Co-Treasurer
On filings since 2020
No compensation reported
Nathan Knoche
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Foundation for a Better Tomorrow Inc
How much does Foundation for a Better Tomorrow Inc give each year?
Foundation for a Better Tomorrow Inc gave $68K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $68K across 7 grants.
What is Foundation for a Better Tomorrow Inc's typical grant size?
Foundation for a Better Tomorrow Inc's median grant in 2025 was $10,000, and its average grant was $9,643, across 7 grants on its 2025 IRS Form 990-PF.
Where does Foundation for a Better Tomorrow Inc give grants?
Foundation for a Better Tomorrow Inc's top state is Pennsylvania, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Maryland (30%) and Mississippi (30%). The most frequent recipient cities were Philadelphia, PA (2 grants).
Does Foundation for a Better Tomorrow Inc give general operating support?
Yes: 100% of Foundation for a Better Tomorrow Inc's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Foundation for a Better Tomorrow Inc's largest grantees?
Foundation for a Better Tomorrow Inc's largest 2025 grantees include Heaven on Earth Now Inc ($10,000), Mississippi Early Learning Center ($10,000) and Bridges from School to Work ($10,000), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is Foundation for a Better Tomorrow Inc?
Foundation for a Better Tomorrow Inc reported $469K in total assets on its 2025 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).
What is Foundation for a Better Tomorrow Inc's EIN?
Foundation for a Better Tomorrow Inc's EIN (Employer Identification Number) is 46-2659347. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 16, 2026)
- IRS filings on file for fiscal years 2020–2024
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