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Foster Family Foundation is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1997. The principal officer is West Michigan National Bk & Trust Ttee. It holds total assets of $3.8M. Annual income is reported at $2.2M. Total assets have decreased from $7.5M in 2011 to $5.6M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Foster Family Foundation has made 7 grants totaling $1.9M, with a median grant of $159K. Annual giving has decreased from $394K in 2020 to $250K in 2023. Grantmaking activity was highest in 2022 with $1.3M distributed across 2 grants. Individual grants have ranged from $25K to $650K, with an average award of $278K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$105K
Average Grant
$99K
Largest Grant
$159K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Foster Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MI.
Foster Family Foundation has distributed a total of $1.9M across 7 grants. The median grant size is $159K, with an average of $278K. Individual grants have ranged from $25K to $650K.
Foster Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Foster Family Foundation is headquartered in CHICAGO, IL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Northern Trust Company | TRUSTEE | $33K | $0 | $33K |
| Robert C Foster Jr | TRUSTEE | $0 | $0 | N/A |
| Brian C Foster | TRUSTEE | $0 | $0 | N/A |
| Phyllis Foster | TRUSTEE | $0 | $0 | N/A |
Total Giving
$287K
Total Assets
$5.6M
Fair Market Value
$7.5M
Net Worth
$5.6M
Grants Paid
$250K
Contributions
N/A
Net Investment Income
$185K
Distribution Amount
$344K
Total: $5M
Total Grants
7
Total Giving
$1.9M
Average Grant
$278K
Median Grant
$159K
Unique Recipients
5
Most Common Grant
$650K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Munson Healthcare FoundationGENERAL | Traverse City, MI | $250K | 2023 |
| Paul Oliver Memorial HospitalGENERAL | Frankfort, MI | $159K | 2020 |
| Interlochen Center For The ArtsGENERAL | Interlochen, MI | $110K | 2020 |
| Benzie Area Christian NeighborsGENERAL | Benzonia, MI | $100K | 2020 |
| St Philip'S ChurchGENERAL | Beulah, MI | $25K | 2020 |