Foster Foundation Inc
Preselected recipients only
Foster Foundation Inc is a private foundation in Richmond, Virginia. In tax year 2024 it gave $100,000 in 1 grant; the typical grant was $100,000 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$100,000
- Number of grants1
- Typical grant$100,000
- Largest grant$100,000
- Assets$3.4 million
- New grantees0%
Giving in 2024 was down from $305,000 the year before.
0% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $305,000 | 6 | $3.0 million |
| 2024 | $100,000 | 1 | $3.4 million |
How to apply
Foster Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Foster Foundation Inc funds
Where it gives
All of its grants went to recipients in North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 1 | $100,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Clubs of Greater High Point | Social services | $100,000 |
Officers and trustees
- Louise L Foster
- Gilbert L Gates
Questions people ask
Does Foster Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Foster Foundation Inc give?
$100,000 in tax year 2024, across 1 grant, with a typical grant of $100,000.
Who runs Foster Foundation Inc?
Its 2024 filing lists Louise L Foster (Pres/Treas/Director) and Gilbert L Gates (Director).
What does Foster Foundation Inc fund?
Based on its grants, mainly human services and youth programs.