The Betty and Wes Foster
The Betty and Wes Foster Family Foundation is a private 501(c)(3) grantmaking foundation located in Chantilly, Virginia. Established in January 1999, the foundation operates as a family philanthropy dedicated to charitable giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+6.2% YoY
Annual Giving
$602K
+16.0% YoY
Grant Count
42
-8.7% YoY
Avg Grant Size
$14K
+27.1% YoY
Mission & Focus Areas
The foundation primarily funds general purpose charitable initiatives. Recent grantmaking reflects a focus on food security and community support organizations, with grants distributed to food banks and community service providers.
Grantmaking
The foundation maintains an active grantmaking program, distributing 44 grants in 2024. Recent grants include:
Grant Range
s range from $29,000 to $52,000 based on recent activity.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states, with documented grants to organizations in North Carolina and the Washington, D.C. area, reflecting a multi-state funding approach.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $4,608,018
- Total Revenues: $886,630
- Total Expenses: $635,535
- Total Liabilities: $57,000
Revenue Composition (2024):
- Total grants and contributions: $500,000
- Investment income and dividends: $84,771
The foundation maintains a healthy financial position with assets exceeding $4.6 million and demonstrates consistent annual giving capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,608,018 | $4,340,247 | $4,219,631 |
| Revenue | $886,630 | $731,793 | $528,985 |
| Expenses | $635,535 | $550,748 | $604,135 |
| Qualifying Distributions | $609,556 | $527,239 | $573,878 |
| Net Investment Income | $360,109 | $208,055 | $44,539 |
| Distributable Amount | $253,044 | $217,253 | $221,293 |
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
229 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is named after P. Wesley "Wes" Foster, Jr., who co-founded Long & Foster Companies in 1968. Wes Foster passed away in March 2023 at age 89. The foundation continues to operate under the stewardship of the Foster family.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETTY FLANDERS FOSTER | PRES/DIRECTOR | — | — |
| PHILIP RODNEY LAWRENCE JR | VP/TREASURER/DIRECTOR | — | — |
| AMANDA FOSTER SPAHR | VP/DIRECTOR | — | — |
| PAUL WESLEY FOSTER III | VP/DIRECTOR | — | — |
| JULIA HEATHER HANKS | VP/SEC/DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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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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