The Foundation for the Promotion of Individual Opportunity Inc
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.
Ready to take the next step with The Foundation for the Promotion of Individual Opportunity Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 50 grants of 50 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| League of California Community Foundations San Jose, CA | For those impacted by the Eaton fire in California | $20,000 |
| Calvert School Inc Baltimore, MD | General & Unrestricted | $11,400 |
| Big Life Foundation USA Ridgefield, WA | Wildlife.org Scholarship Fund | $5,000 |
| Medecins Sans Frontieres USA Inc Hagerstown, MD | For the Ebola crisis in Africa | $4,000 |
| Gilman School Inc Baltimore, MD | General & Unrestricted | $3,500 |
| Chi Psi Educational Trust Inc Nashville, TN | For Alpha Psi of Chi Psi | $3,000 |
| Church of the Redeemer Baltimore, MD | General & Unrestricted | $3,000 |
| Virgin Islands Montessori School Inc St Thomas, VI | General & Unrestricted | $3,000 |
| Youth Advocate Programs Inc Harrisburg, PA | For Baltimore, Maryland | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- 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.
Here's the math on researching The Foundation for the Promotion of Individual Opportunity Inc by hand.
Explore Open Grants
Browse active grant opportunities in The Foundation for the Promotion of Individual Opportunity Inc's focus areas in our free grants database
Similar Funders
Similar funders in Delaware
American Electric Power Foundation
Wilmington, DE
The American Electric Power Foundation funds education, especially STEM, basic human services, social justice, and environmental protection, primarily for organizations in AEP’s service territory or with broader beneficial impact. Its 2025 grants ranged from $500 to $1,428,570, with a median of $10,000. It does not accept unsolicited requests; eligible organizations need an invitation from their local AEP Operating Company.
Assets
$43.6M
Grants
753
Total Given
$23.0M
Puget Sound Energy Foundation
Wilmington, DE
The Puget Sound Energy Foundation funds nonprofits serving communities where PSE has a service or generation presence, primarily in Washington, across household needs, education and workforce pathways, climate resilience, and community safety. Grants vary widely; in 2024 they ranged from $13 to $100,000, with a $500 median, while its 2026 disaster-focused competitive program offers up to $15,000. It generally does not accept unsolicited requests, but eligible local nonprofits can apply through that competitive program.
Assets
$19.6M
Grants
451
Total Given
$1.2M
First Eagle Investments Foundation
Wilmington, DE
Assets
$747K
Grants
389
Total Given
$1.2M
Hagerty Drivers Foundation
Wilmington, DE
Assets
$193K
Grants
330
Total Given
$192K
McNabb Foundation
Wilmington, DE
The McNabb Foundation’s website describes support for behavioral health and social services in East Tennessee, while its 2024 grants went to organizations with varied missions, mostly in California. Grants ranged from $500 to $5,000, with a median of $1,000. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$4.8M
Grants
328
Total Given
$358K
Raskob Foundation for Catholic
Wilmington, DE
The Raskob Foundation for Catholic Activities funds Catholic entities across a wide range of projects, including education, hunger relief, emergency aid, and social services, in the United States and internationally. Its 2024 grants ranged from $250 to $100,000, with a median of $18,000. The profile does not state whether it accepts unsolicited requests.
Assets
$208.0M
Grants
325
Total Given
$6.2M
Delaware Community Foundation Inc
Wilmington, DE
Delaware Community Foundation supports nonprofits and students addressing community needs in Delaware, including community-impact projects, capital improvements, and scholarships. Its 2025 itemized grants had a median of $21,500, though awards varied widely. Applicants are directed to apply through the relevant program’s online portal; whether unsolicited requests are accepted is not stated.
Assets
$392.5M
Grants
323
Total Given
$20.4M
WSFS Cares Foundation
Wilmington, DE
The WSFS CARES Foundation funds qualified nonprofits working in community investment, affordable housing, neighborhood revitalization and economic empowerment, education and leadership, and services for people in need. It gives in Delaware, Pennsylvania, and New Jersey; 2024 awards ranged from $1,000 to $100,000, with a median of $5,000. It accepts requests through its grant and sponsorship portal; the 2024 filing says there is no prescribed application form or required materials.
Assets
$12.3M
Grants
323
Total Given
$2.7M
Webster Bank Charitable Foundation
Wilmington, DE
Webster Bank Charitable Foundation funds established 501(c)(3) nonprofits serving low- to moderate-income communities in Webster’s footprint, supporting workforce and community development, financial empowerment, and basic needs. Its 2024 grants had a median of $5,000 and ranged from $50 to $346,732. It accepts applications through an online process on a rolling basis and does not restrict giving to preselected organizations.
Assets
$5.0M
Grants
302
Total Given
$4.5M
The Brandsma Family Foundation
Wilmington, DE
Assets
$1.4M
Grants
289
Total Given
$584K
Chime Scholars Foundation
Wilmington, DE
Chime Scholars Foundation funds scholarships and education-access programs supporting college, apprenticeships, trade schools, and technical certifications, with grants to organizations typically around $5,000 (2025 median; awards ranged from $675 to $118,000). It gives across the U.S., with the largest 2025 shares going to California, Texas, the District of Columbia, Massachusetts, and New York. It does not accept unsolicited funding requests and gives only to preselected organizations; students may apply through its scholarship program.
Assets
$812K
Grants
267
Total Given
$2.0M
The Papa John's Foundation Inc
Wilmington, DE
The Papa John’s Foundation funds youth leadership and entrepreneurship, hunger relief, food security and food-waste reduction, and local community organizations, with grants concentrated in Georgia, the District of Columbia, Kentucky, Texas and Florida. Its 2024 grants ranged from $1,500 to $382,500, with a median of $5,000. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$1.1M
Grants
267
Total Given
$2.6M
More Funders in Delaware
The Foundation for the Promotion of Individual Opportunity Inc down — hundreds of funders to go?