The Foundation for the Promotion of
The Foundation for the Promotion of is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 12 grants totaling $46K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+0.5% YoY
Annual Giving
$46K
-19.5% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$4K
-26.2% YoY
Under IRS private-foundation payout rules, The Foundation for the Promotion of reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
About The Foundation for the Promotion of
Based on IRS filings
The Foundation for the Promotion of is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 12 grants totaling $46K. Net investment income was $78K.
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 | $1,443,050 | $1,435,649 | $1,468,897 |
| Revenue | $74,082 | $43,811 | $68,153 |
| Expenses | $66,681 | $77,059 | $69,538 |
| Qualifying Distributions | $55,869 | $66,524 | $58,464 |
| Net Investment Income | $77,794 | $57,254 | $59,579 |
| Distributable Amount | $65,742 | $60,895 | $64,086 |
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
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American National Red Cross ($10,000), Calvert School Inc ($5,000), Mercy Corps ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN NATIONAL RED CROSS BOONE, IA | Charitable Event | $10,000 |
| BIG LIFE FOUNDATION USA RIDGEFIELD, WA | General & Unrestricted | $3,000 |
| CALVERT SCHOOL INC BALTIMORE, MD | the Institute For Leadership & Purpose | $5,000 |
| CALVERT SCHOOL INC BALTIMORE, MD | General & Unrestricted | $500 |
| CHI PSI EDUCATIONAL TRUST INC NASHVILLE, TN | Psi Cornell Designated Fund | $3,000 |
| GILMAN SCHOOL INC BALTIMORE, MD | General & Unrestricted | $3,000 |
| MERCY CORPS BOONE, IA | Ukraine relief fund | $5,000 |
| MERCY CORPS BOONE, IA | For the support of the Ukrainian people | $5,000 |
| TEACH FOR AMERICA BALTIMORE, MD | General & Unrestricted | $3,000 |
| TEEN CHALLENGE OF BALTIMORE INC RIDERWOOD, MD | General & Unrestricted | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles M Ober | Pres, Dir, Sec | 1 | — |
| Jacqueline Ober | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Foundation for the Promotion of?
The Foundation for the Promotion of is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.4M in total assets as of 2024.
How large is The Foundation for the Promotion of?
As of 2024, The Foundation for the Promotion of holds $1.4M in total assets with $74K in annual revenue. It awarded 12 grants totaling $46K in 2024.
Where does The Foundation for the Promotion of operate?
The Foundation for the Promotion of has awarded grants in Iowa, Massachusetts, Maryland, New York, Pennsylvania, Tennessee, Texas, Vi, Washington.
What size grants does The Foundation for the Promotion of award?
In 2024, The Foundation for the Promotion of awarded 12 grants totaling $46K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Foundation for the Promotion of required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Foundation for the Promotion of reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Foundation for the Promotion of's EIN?
The Foundation for the Promotion of's EIN (Employer Identification Number) is 27-4000049. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Foundation for the Promotion of's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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