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Foster-Karney Trust Fund is a private association based in OCEAN CITY, NJ. The foundation received its IRS ruling in 1988. It holds total assets of $3.5M. Annual income is reported at $1M. Total assets have grown from $2.2M in 2011 to $3.5M in 2023. The foundation is governed by 3 officers and trustees. 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 New Jersey. According to available records, Foster-Karney Trust Fund has made 70 grants totaling $577K, with a median grant of $6K. The foundation has distributed between $181K and $212K annually from 2021 to 2023. Individual grants have ranged from $1K to $25K, with an average award of $8K. The foundation has supported 33 unique organizations. Grants have been distributed to organizations in New Jersey and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$7K
Largest Grant
$24K
Based on 26 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-Karney Trust Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 70 grants. Its grantmaking reaches organizations primarily in NJ, PA.
Foster-Karney Trust Fund has distributed a total of $577K across 70 grants. The median grant size is $6K, with an average of $8K. Individual grants have ranged from $1K to $25K.
Foster-Karney Trust Fund typically selects its grantees rather than accepting unsolicited proposals.
Foster-Karney Trust Fund is headquartered in OCEAN CITY, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Quinn | TREASURER | $0 | $0 | N/A |
| Edward Price | CHAIRMEN | $0 | $0 | N/A |
| George Bookos | SECRETARY | $0 | $0 | N/A |
Total Giving
$218K
Total Assets
$3.5M
Fair Market Value
$4.3M
Net Worth
$3.5M
Grants Paid
$212K
Contributions
N/A
Net Investment Income
$154K
Distribution Amount
$201K
Total: $2.4M
Total Grants
70
Total Giving
$577K
Average Grant
$8K
Median Grant
$6K
Unique Recipients
33
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sunshine FoundationGENERAL PURPOSE | Southampton, PA | $20K | 2023 |
| Shore Medical CenterGENERAL PURPOSE | Somers Point, NJ | $20K | 2023 |
| Ranch Hope IncGENERAL PURPOSE | Alloway, NJ | $20K | 2023 |
| Volunteer In MedicineGENERAL PURPOSE | Cape May Court House, NJ | $20K | 2023 |
| Oc High School ScholarshipsGENERAL PURPOSE | Ocean City, NJ | $20K | 2023 |
| American Legion Auxiliary Post 524GENERAL PURPOSE | Ocean City, NJ | $16K | 2023 |
| John R Elliott Hero CampagneGENERAL PURPOSE | Somers Point, NJ | $14K | 2023 |
| American Legion Post 524GENERAL PURPOSE | Ocean City, NJ | $10K | 2023 |
| Veteran Center Of HobkinGENERAL PURPOSE | Hoboken, NJ | $10K | 2023 |
| Foundation For Sustainable Vets HouGENERAL PURPOSE | Westfield, NJ | $10K | 2023 |
| Nj Run For The Fallen IncGENERAL PURPOSE | Ocean City, NJ | $8K | 2023 |
| Cape Atlantic Citizens Altering TheGRNERAL PRRPOSE | Ocean City, NJ | $6K | 2023 |
| Shriners Hospitals For ChildrenGENERAL PURPOSE | Phila, PA | $6K | 2023 |
| Mudirhs StudiosGENERAL PURPOSE | Atlantic City, NJ | $5K | 2023 |
| Contact Cape AtlanticGENERAL PURPOSE | Northfield, NJ | $5K | 2023 |
| St Johns Luthern ChurchGENERAL PURPOSE | Ocean City, NJ | $5K | 2023 |
| Sons Of American Legion Post 524GENERAL PURPOSE | Ocean City, NJ | $4K | 2023 |
| Gilda'S Club South JerseyGENERAL PURPOSE | Linwood, NJ | $3K | 2023 |
| Covenant House-Atlantic CityGENERAL PURPOSE | Atlantic City, NJ | $3K | 2023 |
| CasaGENERAL PURPOSE | Somers Point, NJ | $3K | 2023 |
| Wetlands InstituteGENERAL PURPOSE | Stone Harbor, NJ | $2K | 2023 |
| St Peters United Methodist ChurchGENERAL PURPOSE | Ocean City, NJ | $1K | 2023 |
| Marine Mammal Stranding CenterGRNERAL PURPOSE | Brigantine, NJ | $1K | 2023 |
| Shore Medical Center For Planned GiGENERAL PURPOSE | Somers Point, NJ | $15K | 2022 |
| Volunteerr In MedicineGENERAL | Cape May Court House, NJ | $11K | 2022 |
| Children'S Dyslexia CenterGENERAL PURPOSE | Bordentown, NJ | $1K | 2022 |
| Cape Volunteers In MedicineGRNERAL PURPOSE | Cape May Court House, NJ | $15K | 2021 |