The Charles and Audrey Faust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 7 grants totaling $211K. Net investment income was $485K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
+4.6% YoY
Annual Giving
$211K
Grant Count
7
Avg Grant Size
$30K
Under IRS private-foundation payout rules, The Charles and Audrey Faust reported a distributable amount of $321K for 2024 — the minimum it must pay out in qualifying distributions.
About The Charles and Audrey Faust
Based on IRS filings
The Charles and Audrey Faust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 7 grants totaling $211K. Net investment income was $485K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,110,639 | $5,839,239 | $5,926,844 |
| Revenue | $574,501 | $-73,958 | $117,567 |
| Expenses | $300,637 | $81,270 | $413,905 |
| Qualifying Distributions | $219,274 | $7,688 | $322,085 |
| Net Investment Income | $485,176 | $93,928 | $44,899 |
| Distributable Amount | $320,780 | $288,938 | $304,373 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Memorial Sloan-kettering Cancer ($30,143), Karmanos Cancer Institute ($30,143), Unity School of Christianity ($30,143).
| Recipient | Purpose | Amount |
|---|---|---|
| MEMORIAL SLOAN-KETTERING CANCER NEW YORK, NY | UNRESTRICTED GIFT | $30,143 |
| KARMANOS CANCER INSTITUTE DETROIT, MI | UNRESTRICTED GIFT | $30,143 |
| UNITY SCHOOL OF CHRISTIANITY UNITY VILLAGE, MO | UNRESTRICTED GIFT | $30,143 |
| THE NATURE CONSERVANCY ARLINGTON, VA | UNRESTRICTED GIFT | $30,143 |
| HUMANE SOCIETY OF THE TREASURE PALM CITY, FL | UNRESTRICTED GIFT | $30,143 |
| FLORIDA OCEANOGRAPHIC SOCIETY STUART, FL | UNRESTRICTED GIFT | $30,143 |
| BORN FREE USA WASHINGTON, DC | UNRESTRICTED GIFT | $30,143 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARDEN TRUST COMPANY | TRUSTEE | 1 | $27,091 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Charles and Audrey Faust?
The Charles and Audrey Faust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $6.1M in total assets as of 2024.
How large is The Charles and Audrey Faust?
As of 2024, The Charles and Audrey Faust holds $6.1M in total assets with $575K in annual revenue. It awarded 7 grants totaling $211K in 2024.
Where does The Charles and Audrey Faust operate?
The Charles and Audrey Faust has awarded grants in District of Columbia, Florida, Michigan, Missouri, New York, Virginia.
What size grants does The Charles and Audrey Faust award?
In 2024, The Charles and Audrey Faust awarded 7 grants totaling $211K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Charles and Audrey Faust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charles and Audrey Faust reported a distributable amount of $321K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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