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Foster Family Foundation is a private corporation based in SALADO, TX. The foundation received its IRS ruling in 2009. The principal officer is Morris E Foster. It holds total assets of $1.6M. Annual income is reported at $742K. The foundation is governed by 6 officers and trustees. Please note, the foundation is not involved in any direct charitable activities.its primary purpose is to support, by contributions, other organizations exemptunder internal revenue code section 501(c)(3). According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Foster Family Foundation has made 59 grants totaling $559K, with a median grant of $8K. Annual giving has grown from $96K in 2020 to $125K in 2023. Grantmaking activity was highest in 2022 with $249K distributed across 26 grants. Individual grants have ranged from $100 to $60K, with an average award of $9K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Texas, Connecticut, Louisiana, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$9K
Average Grant
$10K
Largest Grant
$33K
Based on 10 grants from the most recent 990-PF filing.
Please note, the foundation is not involved in any direct charitable activities.its primary purpose is to support, by contributions, other organizations exemptunder internal revenue code section 501(c)(3).
Please note, the foundation is not involved in any direct charitable activities.its primary purpose is to support, by contributions, other organizations exemptunder internal revenue code section 501(c)(3). Based on available records, the foundation has funded 59 grants. Its grantmaking reaches organizations primarily in TX, CT, LA.
Foster Family Foundation has distributed a total of $559K across 59 grants. The median grant size is $8K, with an average of $9K. Individual grants have ranged from $100 to $60K.
Foster Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Foster Family Foundation is headquartered in SALADO, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Morris E Foster | PRESIDENT & TREASURER | $0 | $0 | N/A |
| Ryan H Foster | SECRETARY | $0 | $0 | N/A |
| Ralston H Foster | DIRECTOR | $0 | $0 | N/A |
| Garrett C Foster | DIRECTOR | $0 | $0 | N/A |
| Janna Russell | DIRECTOR | $0 | $0 | N/A |
| Lanna Domangue | DIRECTOR | $0 | $0 | N/A |
Total Giving
$141K
Total Assets
$1.5M
Fair Market Value
$1.9M
Net Worth
$1.5M
Grants Paid
$125K
Contributions
N/A
Net Investment Income
$26K
Distribution Amount
$90K
Total: $1.5M
Total Grants
59
Total Giving
$559K
Average Grant
$9K
Median Grant
$8K
Unique Recipients
24
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Clifford L Williams Memorial FoundationGENERAL PURPOSE FUND | Jena, LA | $200 | 2021 |
| Salado Historical SocietyGENERAL PURPOSE FUND | Salado, TX | $60K | 2023 |
| Mfcc Austin Sagrado CorazonGENERAL PURPOSE FUND | Austin, TX | $15K | 2023 |
| The Seton Fund Of The Daughters Of Charity Of St Vincent De PaulELIZABETH ANN SETON BOARD GALA 2024 | Austin, TX | $12K | 2023 |
| Salado Ladies Community LeagueGENERAL PURPOSE FUND | Salado, TX | $10K | 2023 |
| Baylor Scott & White CtfPATIENT PATHWAYS PROGRAM FUND | Temple, TX | $10K | 2023 |
| Texas A&M FoundationMORRIS E. FOSTER ENDOWED FACULTY FELLOWSHIP | College Station, TX | $8K | 2023 |
| Salado Education FoundationFOSTER FAMILY SCHOLORSHIP | Salado, TX | $5K | 2023 |
| Rockport First Baptist ChurchYOUTH MINISTRY | Rockport, TX | $5K | 2023 |
| Helping Hand HomeGENERAL PURPOSE FUND | Austin, TX | $1K | 2023 |
| Legacy Salado IncGENERAL PURPOSE FUND | Salado, TX | $30K | 2022 |
| Burton Volunteer Fire Department & AuxiliaryGENERAL PURPOSE FUND | Burton, TX | $15K | 2022 |
| The Muny ConservancyGENERAL PURPOSE FUND | Austin, TX | $5K | 2022 |
| Texas Business Leadership CouncilTBLC RICHARD W. WEEKLEY PUBLIC POLICY LEADERSHIP AWARD CELEBRATION | Austin, TX | $3K | 2022 |
| Salado Museum & College Park IncGENERAL PURPOSE FUND | Salado, TX | $1K | 2022 |
| Burnet Volunteer Fire DepartmentGENERAL PURPOSE FUND | Burnet, TX | $10K | 2021 |
| Burnet County SheriffGENERAL PURPOSE FUND | Burnet, TX | $10K | 2021 |
| Texas State History Museum FoundationSEVENTEENTH ANNUAL TEXAS INDEPENDENCE DAY DINNER | Austin, TX | $5K | 2021 |
| Coast Guard FoundationOTTO CANDIES JR. MEMORIAL FUND | Stonington, CT | $2K | 2021 |
| Ducks UnlimitedGENERAL PURPOSE FUND | Memphis, TN | $100 | 2021 |
| Salado Church Of ChristGENERAL PURPOSE FUND | Salado, TX | $33K | 2020 |