The Foundation for the Promotion of Individual Opportunity Inc

Private foundation · Grantmaker Wilmington, DE EIN: 27-4000049

The Foundation for the Promotion of Individual Opportunity Inc is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 9 grants totaling $56K. Net investment income was $91K.

Key facts about The Foundation for the Promotion of Individual Opportunity Inc

In short: The Foundation for the Promotion of Individual Opportunity Inc gave $56K across 9 grants in 2025 (avg $6K), top state Maryland. Source: 2025 IRS Form 990-PF.

EIN
27-4000049
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$55,900
Grants made (2025)
9
Average grant
$6,211
Median grant
$3,500
Total assets
$1,463,610
Primary geography
Maryland (39% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

+1.4% YoY

Annual Giving

$56K

+22.9% YoY

Grant Count

9

-25.0% YoY

Avg Grant Size

$6K

+63.8% YoY

Under IRS private-foundation payout rules, The Foundation for the Promotion of Individual Opportunity Inc reported a distributable amount of $69K for 2025 — the minimum it must pay out in qualifying distributions.

How The Foundation for the Promotion of Individual Opportunity Inc gives

  • Giving held roughly steady from 2022 to 2025 (+16%). Method
  • In 2025 it paid out 93% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

10states

Share of 2025 grant dollars across all 9 itemized grants.

Cities

BaltimoreNashvilleRidgefieldSt ThomasBooneHarrisburgNew YorkBellevueBostonHagerstownRiderwoodSan AntonioSan Jose

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K6 grants2019 7 grants2020 9 grants2021 9 grants2022 11 grants2023 12 grants2024 9 grants2025

From 2019 to 2025, annual grant giving ranged from $37K (2021) to $57K (2023). In 2025 it made 9 grants totaling $56K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

League of California Community Foundations: $20KLeague of California CommunityFoundations$20KCalvert School Inc: $11KCalvert School Inc$11KBig Life Foundation USA: $5KBig Life Foundation USA$5KMedecins Sans Frontieres USA Inc: $4KMedecins Sans Frontieres USAInc$4KGilman School Inc: $4KGilman School Inc$4KChi Psi Educational Trust Inc: $3KChi Psi Educational Trust Inc$3KChurch of the Redeemer: $3KChurch of the Redeemer$3KVirgin Islands Montessori School Inc: $3KVirgin Islands MontessoriSchool Inc$3KYouth Advocate Programs Inc: $3KYouth Advocate Programs Inc$3K

The largest 2025 recipient was League of California Community Foundations ($20K). Together the top 9 received $56K.

Grant Size Distribution

50 grants across all recorded years

50<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 50 grants of 50 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
League of California Community Foundations San Jose, CAFor those impacted by the Eaton fire in California$20,000
Calvert School Inc Baltimore, MDGeneral & Unrestricted$11,400
Big Life Foundation USA Ridgefield, WAWildlife.org Scholarship Fund$5,000
Medecins Sans Frontieres USA Inc Hagerstown, MDFor the Ebola crisis in Africa$4,000
Gilman School Inc Baltimore, MDGeneral & Unrestricted$3,500
Chi Psi Educational Trust Inc Nashville, TNFor Alpha Psi of Chi Psi$3,000
Church of the Redeemer Baltimore, MDGeneral & Unrestricted$3,000
Virgin Islands Montessori School Inc St Thomas, VIGeneral & Unrestricted$3,000
Youth Advocate Programs Inc Harrisburg, PAFor Baltimore, Maryland$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,463,610$1,443,050$1,435,649
Revenue$96,110$74,082$43,811
Expenses$75,550$66,681$77,059
Qualifying Distributions$63,947$55,869$66,524
Net Investment Income$90,748$77,794$57,254
Distributable Amount$68,721$65,742$60,895

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS July 7, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 28, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

The Foundation for the Promotion of Individual Opportunity Inc is led by Charles M Ober, President, Director & Secretary on every filing since 2019; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Charles M Ober

    President, Director & Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jacqueline Ober

    Vice President

    On filings since 2019

    1 hr/week

    No compensation reported

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.

Frequently asked questions about The Foundation for the Promotion of Individual Opportunity Inc

How much does The Foundation for the Promotion of Individual Opportunity Inc give each year?

The Foundation for the Promotion of Individual Opportunity Inc gave $56K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 12 grants.

What is The Foundation for the Promotion of Individual Opportunity Inc's typical grant size?

The Foundation for the Promotion of Individual Opportunity Inc's median grant in 2025 was $3,500, and its average grant was $6,211, across 9 grants on its 2025 IRS Form 990-PF.

Where does The Foundation for the Promotion of Individual Opportunity Inc give grants?

The Foundation for the Promotion of Individual Opportunity Inc's top state is Maryland, with 39% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (36%) and Washington (9%). The most frequent recipient cities were Baltimore, MD (3 grants).

Does The Foundation for the Promotion of Individual Opportunity Inc give general operating support?

Yes: 44% of The Foundation for the Promotion of Individual Opportunity Inc's 2025 grants with a stated purpose (4 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are The Foundation for the Promotion of Individual Opportunity Inc's largest grantees?

The Foundation for the Promotion of Individual Opportunity Inc's largest 2025 grantees include League of California Community Foundations ($20,000), Calvert School Inc ($11,400) and Big Life Foundation USA ($5,000), according to its 2025 IRS Form 990-PF. Together they received 65% of its itemized 2025 grant dollars.

How large is The Foundation for the Promotion of Individual Opportunity Inc?

The Foundation for the Promotion of Individual Opportunity Inc reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $69K (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 Foundation for the Promotion of Individual Opportunity Inc's EIN?

The Foundation for the Promotion of Individual Opportunity Inc's EIN (Employer Identification Number) is 27-4000049. 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.

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