The Foster Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 13 grants totaling $97K. Net investment income was $171K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+34.8% YoY
Annual Giving
$97K
Grant Count
13
Avg Grant Size
$7K
Under IRS private-foundation payout rules, The Foster Family Foundation reported a distributable amount of $203K for 2024 — the minimum it must pay out in qualifying distributions.
About The Foster Family Foundation
Based on IRS filings
The Foster Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 13 grants totaling $97K. Net investment income was $171K.
Focus Areas
Ready to take the next step with The Foster Family Foundation?
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 | $4,093,947 | $3,036,858 | $2,011,257 |
| Revenue | $1,200,019 | $1,054,711 | $2,017,790 |
| Expenses | $142,930 | $29,110 | $6,533 |
| Qualifying Distributions | $113,366 | $11,712 | $6,533 |
| Net Investment Income | $171,388 | $59,895 | $7,790 |
| Distributable Amount | $202,718 | $110,528 | $11,595 |
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
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lexington Montessori School Inc ($25,000), Bowdoin College ($20,000), Ocean Park Association ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON UNIVERSITY TRUSTEES OF BOSTON UNIVERSITY BOSTON, MA | College of Engineering | $155 |
| BOWDOIN COLLEGE BRUNSWICK, ME | Class of 2003 Alumni Fund | $2,000 |
| BOWDOIN COLLEGE BRUNSWICK, ME | Justin Foster '03 and Family Scholarship Fund | $20,000 |
| LEXINGTON MONTESSORI SCHOOL INC LEXINGTON, MA | LMS Projects | $25,000 |
| MASSACHUSETTS AUDUBON SOCIETY INC LINCOLN, MA | Habitat Wildlife Sanctuary | $10,000 |
| OCEAN PARK ASSOCIATION OCEAN PARK, ME | Project Canopy | $10,000 |
| OCEAN PARK ASSOCIATION OCEAN PARK, ME | General & Unrestricted | $12,500 |
| OCEAN PARK ASSOCIATION OCEAN PARK, ME | Spring Appeal - Foster | $2,500 |
| OCEAN PARK ASSOCIATION OCEAN PARK, ME | Outdoor improvement project at the Rec Hall | $10,000 |
| OCEAN PARK ASSOCIATION OCEAN PARK, ME | Composting Program | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Corinne Foster | Dir, VP | 1 | — |
| Justin Foster | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Foster Family Foundation?
The Foster Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $4.1M in total assets as of 2024.
How large is The Foster Family Foundation?
As of 2024, The Foster Family Foundation holds $4.1M in total assets with $1.2M in annual revenue. It awarded 13 grants totaling $97K in 2024.
Where does The Foster Family Foundation operate?
The Foster Family Foundation has awarded grants in District of Columbia, Massachusetts, Maryland, Maine, North Carolina.
What size grants does The Foster Family Foundation award?
In 2024, The Foster Family Foundation awarded 13 grants totaling $97K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Foster Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Foster Family Foundation reported a distributable amount of $203K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Foster Family Foundation's EIN?
The Foster Family Foundation's EIN (Employer Identification Number) is 88-3709233. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Foster Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
Boston Foundation Inc
BOSTON, MA
Assets
$1.9B
Grants
2,046
Total Given
$169.9M
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
The Cigna Group Foundation
PHILADELPHIA, PA
Assets
$127.2M
Grants
4,075
Total Given
$14.1M
Equitable Foundation Inc
NEW YORK, NY
Assets
$112.4M
Grants
1,453
Total Given
$5.5M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Sudbury Foundation
SUDBURY, MA
Assets
$36.9M
Grants
137
Total Given
$1.9M
Van Sloun Foundation
MARION, MA
Assets
$28.9M
Grants
88
Total Given
$1.2M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Foster Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Foster Family Foundation to a real strategy.