The Charles and Audrey Faust
The Charles and Audrey Faust is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.2M in total assets. In 2025, it awarded 5 grants totaling $312K. Net investment income was $379K.
The Charles and Audrey Faust at a glance
In short: The Charles and Audrey Faust gave $312K across 5 grants in 2025 (avg $62K), top state Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $312,135
- +47.9% vs 2024
- Grants made (2025)
- 5
- -28.6% vs 2024
- Average grant
- $62,427
- +107.1% vs 2024
- Median grant
- $62,427
- Total assets
- $6,157,768
- +0.8% vs 2024
- Primary geography
- Florida (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Charles and Audrey Faust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Memorial Sloan-Kettering Cancer ($62K). Together the top 5 received $312K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 14 grants of 26 (54%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Charles and Audrey Faust gives
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $178K (2019) to $413K (2021). In 2025 it made 5 grants totaling $312K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan-Kettering Cancer New York, NY | Unrestricted Gift | $62,427 |
| Unity School of Christianity Unity Village, MO | Unrestricted Gift | $62,427 |
| Humane Society of the Treasure Coast Palm City, FL | Unrestricted Gift | $62,427 |
| Florida Oceanographic Society Stuart, FL | Unrestricted Gift | $62,427 |
| Born Free USA Washington, DC | Unrestricted Gift | $62,427 |
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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 | $6,157,768 | $464,946 | $418,997 | $312,135 | 5 | $320,714 | $378,850 | $343,009 |
| 2024 | $6,110,639 | $574,501 | $300,637 | $211,001 | 7 | $219,274 | $485,176 | $320,780 |
| 2023 | $5,839,239 | $-73,958 | $81,270 | — | — | $7,688 | $93,928 | $288,938 |
| 2022 | $5,926,844 | $117,567 | $413,905 | $315,000 | 7 | $322,085 | $44,899 | $304,373 |
| 2021 | $6,300,409 | $814,722 | $504,019 | $413,000 | 7 | $420,586 | $713,220 | $341,522 |
| 2020 | $5,989,495 | $193,722 | $388,042 | $290,080 | 7 | — | $109,443 | $298,329 |
| 2019 | $6,227,630 | $863,010 | $265,564 | $177,800 | 7 | — | $612,485 | $280,136 |
Under IRS private-foundation payout rules, The Charles and Audrey Faust reported a distributable amount of $343K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Charles and Audrey Faust's only listed officer is Arden Trust Company, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Arden Trust Company
Trustee
On filings since 2019
1 hr/week
$25K (2019) → $28K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $28K, to Arden Trust Company (Trustee).
Frequently asked questions about The Charles and Audrey Faust
How much does The Charles and Audrey Faust give each year?
The Charles and Audrey Faust gave $312K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $211K across 7 grants.
What is The Charles and Audrey Faust's typical grant size?
The Charles and Audrey Faust's median grant in 2025 was $62,427, and its average grant was $62,427, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Charles and Audrey Faust give grants?
The Charles and Audrey Faust's top state is Florida, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (20%) and Missouri (20%).
Does The Charles and Audrey Faust give general operating support?
Yes: 100% of The Charles and Audrey Faust's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Charles and Audrey Faust's largest grantees?
The Charles and Audrey Faust's largest 2025 grantees include Memorial Sloan-Kettering Cancer ($62,427), Unity School of Christianity ($62,427) and Humane Society of the Treasure Coast ($62,427), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is The Charles and Audrey Faust?
The Charles and Audrey Faust reported $6.2M in total assets on its 2025 IRS Form 990-PF. It paid out $321K in qualifying distributions that year, against a required minimum of $343K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Charles and Audrey Faust's EIN?
The Charles and Audrey Faust's EIN (Employer Identification Number) is 54-2164110. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 2019 (received by the IRS July 6, 2020)
- 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 11, 2022)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
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