George B Foster Memorial Trust is a private foundation focused on Education, based in HANOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $232K in total assets. In 2024, it awarded 3 grants totaling $12K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$232K
+1.5% YoY
Annual Giving
$12K
-40.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$4K
-40.0% YoY
Under IRS private-foundation payout rules, George B Foster Memorial Trust reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About George B Foster Memorial Trust
Based on IRS filings
George B Foster Memorial Trust is a private foundation focused on Education, based in HANOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $232K in total assets. In 2024, it awarded 3 grants totaling $12K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $231,707 | $228,191 | $243,119 |
| Revenue | $19,063 | $7,736 | $22,726 |
| Expenses | $15,608 | $22,745 | $18,407 |
| Qualifying Distributions | $13,607 | $20,967 | $16,511 |
| Net Investment Income | $17,139 | $6,271 | $20,801 |
| Distributable Amount | $13,337 | $12,989 | $13,160 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Collin McGarr ($3,900), Austin Gates ($3,900), Ethan Gates ($3,900).
| Recipient | Purpose | Amount |
|---|---|---|
| Collin McGarr Buckfield, ME | SCHOLARSHIP AWARD | $3,900 |
| Austin Gates Buckfield, ME | SCHOLARSHIP AWARD | $3,900 |
| Ethan Gates Buckfield, ME | SCHOLARSHIP AWARD | $3,900 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rockland trust company | Co-Trustee | 2 | $3,745 |
| JERALD WILEY | Co-Trustee | 1 | — |
| Don Darling | Co-Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is George B Foster Memorial Trust?
George B Foster Memorial Trust is a private foundation focused on Education, based in HANOVER, MA. It holds $232K in total assets as of 2024.
How large is George B Foster Memorial Trust?
As of 2024, George B Foster Memorial Trust holds $232K in total assets with $19K in annual revenue. It awarded 3 grants totaling $12K in 2024.
Where does George B Foster Memorial Trust operate?
George B Foster Memorial Trust has awarded grants in Maine.
What size grants does George B Foster Memorial Trust award?
In 2024, George B Foster Memorial Trust awarded 3 grants totaling $12K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is George B Foster Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, George B Foster Memorial Trust reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is George B Foster Memorial Trust's EIN?
George B Foster Memorial Trust's EIN (Employer Identification Number) is 04-6725453. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.