Lester E Foster & Phyllis M Foster
The Lester E Foster and Phyllis M Foster Foundation is a private foundation based in Hampton, Connecticut. The foundation makes grants to organizations across Connecticut, with a focus on education, human services, and philanthropic support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$232K
-20.7% YoY
Annual Giving
$83K
-51.9% YoY
Grant Count
14
+27.3% YoY
Avg Grant Size
$6K
-62.2% YoY
Under IRS private-foundation payout rules, Lester E Foster & Phyllis M Foster reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation awarded a grant of $59,650 to the Greater Hartford Festival of Jazz in 2023 for general financial assistance.
Grant Range
$250–$332,250
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Connecticut.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent IRS Form 990 filing (2023):
- Total Assets: $292,355
- Total Giving: $172,650
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $231,787 | $292,355 | $449,539 |
| Revenue | $20,370 | $-6,038 | $347,264 |
| Expenses | $83,835 | $177,850 | $2,082,328 |
| Qualifying Distributions | $83,035 | $172,650 | $2,074,231 |
| Net Investment Income | $15,741 | $12,538 | $316,357 |
| Distributable Amount | $11,417 | $15,217 | $71,169 |
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
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Covenant Soup Kitchen ($33,735), Waim ($20,000), Big Brothers Big Sisters ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COVENANT SOUP KITCHEN WILLIMANTIC, CT | GENERAL FINANCIAL ASSISTANCE | $33,735 |
| WINDHAM HOSPITAL FOUNDATION WILLIMANTIC, CT | GENERAL FINANCIAL ASSISTANCE | $2,500 |
| HAMPTON FIRE COMPANY HAMPTON, CT | GENERAL FINANCIAL ASSISTANCE | $500 |
| SOROPTIMIST INTERNATIONAL WILLIMANTIC, CT | GENERAL FINANCIAL ASSISTANCE | $1,000 |
| BIG BROTHERS BIG SISTERS HARTFORD, CT | GENERAL FINANCIAL ASSISTANCE | $5,000 |
| WINDHAM HOSPITAL GOLF CLASSIC WILLIMANTIC, CT | GENERAL FINANCIAL ASSISTANCE | $3,000 |
| CT AUDUBON SOCIETY FAIRFIELD, CT | GENERAL FINANCIAL ASSISTANCE | $3,500 |
| FLETCHER MEMORIAL LIBRARY HAMPTON, CT | GENERAL FINANCIAL ASSISTANCE | $800 |
| HORIZONS INC SOUTH WINDHAM, CT | GENERAL FINANCIAL ASSISTANCE | $3,500 |
| SCOTLAND FIRE DEPARTMENT SCOTLAND, CT | GENERAL FINANCIAL ASSISTANCE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID FOSTER | TRUSTEE | 1 | — |
| MARK FOSTER | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lester E Foster & Phyllis M Foster fund?
The foundation's primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Lester E Foster & Phyllis M Foster?
**Financial Capacity:** • Total assets: $292,355 • Total annual giving: $172,650 • Typical grant range: $250–$332,250 **Recent Activity:** The foundation awarded a grant of $59,650 to the Greater Hartford Festival of Jazz in 2023 for general financial assistance.
Where does Lester E Foster & Phyllis M Foster make grants?
The foundation primarily funds organizations in Connecticut.
What size grants does Lester E Foster & Phyllis M Foster award?
In 2024, Lester E Foster & Phyllis M Foster awarded 14 grants totaling $83K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Lester E Foster & Phyllis M Foster required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lester E Foster & Phyllis M Foster reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lester E Foster & Phyllis M Foster's EIN?
Lester E Foster & Phyllis M Foster's EIN (Employer Identification Number) is 81-0630150. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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