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Foundation For A Better Tomorrow Inc. is a private corporation based in RANDALLSTOWN, MD. The foundation received its IRS ruling in 2013. It holds total assets of $490K. Annual income is reported at $87K. Total assets have grown from N/A in 2013 to $522K in 2023. The foundation is governed by 8 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 2020 to 2023. According to available records, Foundation For A Better Tomorrow Inc. has made 14 grants totaling $136K, with a median grant of $10K. Annual giving has decreased from $100K in 2022 to $36K in 2023. Individual grants have ranged from $6K to $10K, with an average award of $10K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Mississippi, District of Columbia, Maryland, which account for 64% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
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.
Foundation For A Better Tomorrow Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in MS, DC, MD.
Foundation For A Better Tomorrow Inc. has distributed a total of $136K across 14 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $6K to $10K.
Foundation For A Better Tomorrow Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation For A Better Tomorrow Inc. is headquartered in RANDALLSTOWN, MD. While based in MD, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nathan Knoche | VICE-PRESIDENT | $0 | $0 | N/A |
| Lee Wilhelm | CO-TREASURER | $0 | $0 | N/A |
| Benjamin Wilhelm | DIRECTOR | $0 | $0 | N/A |
| Laura Wilhelm | DIRECTOR | $0 | $0 | N/A |
| Thomas R Knoche | PRESIDENT | $0 | $0 | N/A |
| Andrea Wilhelm | SECRETARY | $0 | $0 | N/A |
| Elizabeth Wilhelm | C0-TREASURER | $0 | $0 | N/A |
| Nadine Knoche | DIRECTOR | $0 | $0 | N/A |
Total Giving
$39K
Total Assets
$522K
Fair Market Value
$584K
Net Worth
$522K
Grants Paid
$36K
Contributions
$30K
Net Investment Income
$18K
Distribution Amount
$26K
Total: $477K
Total Grants
14
Total Giving
$136K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Open SpaceUNRESTRICTED | Reisterstown, MD | $10K | 2022 |
| Jews United For JusticeUNRESTRICTED | Washington, DC | $10K | 2023 |
| Chief And Calla Bell Scholarship FoundationsUNRESTRICTED | Flat Rock, NC | $10K | 2023 |
| Chama Peake Land AllianceUNRESTRICTED | Santa Fe, NM | $10K | 2023 |
| Church Of St Andrew The ApostleUNRESTRICTED | Camden, NJ | $6K | 2023 |
| Chama Creek Land AllianceUNRESTRICTED | Pagosa Springs, CO | $10K | 2022 |
| Jackson Free ClinicUNRESTRICTED | Jackson, MS | $10K | 2022 |
| Lily Pad FoundationUNRESTRICTED | Madison, MS | $10K | 2022 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD