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Foster Foundation Inc. is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2003. The principal officer is Louise L Foster. It holds total assets of $1.9M. Annual income is reported at $156K. The foundation is governed by 2 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 2015 to 2024. The foundation primarily funds organizations in North Carolina and Virginia. According to available records, Foster Foundation Inc. has made 66 grants totaling $2.3M, with a median grant of $15K. Annual giving has decreased from $624K in 2020 to $305K in 2023. Grantmaking activity was highest in 2022 with $903K distributed across 28 grants. Individual grants have ranged from $250 to $160K, with an average award of $35K. The foundation has supported 28 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, Nevada, which account for 91% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$15K
Average Grant
$38K
Largest Grant
$157K
Based on 13 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 Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in NC, VA, NV.
Foster Foundation Inc. has distributed a total of $2.3M across 66 grants. The median grant size is $15K, with an average of $35K. Individual grants have ranged from $250 to $160K.
Foster Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foster Foundation Inc. is headquartered in RICHMOND, VA. While based in VA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louise L Foster | PRES/TREAS/DIRECTOR | $0 | $0 | N/A |
| Gilbert L Gates | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.9M
Fair Market Value
N/A
Net Worth
$1.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
66
Total Giving
$2.3M
Average Grant
$35K
Median Grant
$15K
Unique Recipients
28
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Open Door MinistriesSOCIAL SERVICES | High Point, NC | $123K | 2023 |
| Boys & Girls Clubs Of Greater High PointSOCIAL SERVICES | High Point, NC | $100K | 2023 |
| Community Clinic Of High PointSOCIAL SERVICES | High Point, NC | $50K | 2023 |
| St Catherine'S SchoolEDUCATION | Richmond, VA | $20K | 2023 |
| Camp Victory JunctionANNUAL GIVING | Randleman, NC | $10K | 2023 |
| St Joseph'S VillaANNUAL GIVING | Richmond, VA | $3K | 2023 |
| West End MinistriesCOMMUNITY AID | High Point, NC | $25K | 2022 |
| Community CollaborationSOCIAL SERVICES | Las Vegas, NV | $15K | 2022 |
| Go Far - Go Out For A RunSOCIAL SERVICES | High Point, NC | $15K | 2022 |
| James River AssociationSOCIAL SERVICES | Richmond, VA | $10K | 2022 |
| Kentucky StateFLOOD RELIEF | Frankfort, KY | $5K | 2022 |
| Alzheimer'S AssociationSOCIAL SERVICES | Glen Allen, VA | $2K | 2022 |
| Global ImpowermentUKRAINE AID | Doral, FL | $1K | 2022 |
| Assemblies Of Christ Church MinistriesSOCIAL SERVICES | High Point, NC | $1K | 2022 |
| His Laboring Few MinistriesANNUAL GIVING | Thomasville, NC | $500 | 2022 |
| C3 Community FoundationANNUAL GIVING | Richmond, VA | $35K | 2021 |
| Wesley Memorial United Methodist ChurchRELIGIOUS | Richmond, VA | $10K | 2021 |
| Anna Julia Cooper Episcopal SchoolANNUAL GIVING | Richmond, VA | $10K | 2021 |
| St Mary'S Episcopal ChurchRELIGIOUS | High Point, NC | $10K | 2021 |
| United Way Of High PointSOCIAL SERVICES | High Point, NC | $7K | 2021 |
| High Point Community FoundationSOCIAL SERVICES | High Point, NC | $160K | 2020 |