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Filing year 2024

FOSTER FOUNDATION

Brookneal, Virginia·EIN 82-3650679·NTEE T12 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$4.8M
Total assets
$16.8M
Total expenses
$1M
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. FOSTER FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$900k

Itemized grants

530

Median grant

$500

RecipientLocationPurposeAmount
DUKE UNIVERSITY SCHOOL OF NURSINGDURHAM, NC3RD YEAR OF 5 YEAR$20k
HAMPDEN-SYDNEY COLLEGEHAMPDENSYDNEY, VA3RD YEAR OF 5 YEAR$20k
SWEET BRIAR COLLEGESWEET BRIAR, VA3RD YEAR OF 5 YEAR$20k
THE ACADEMY CENTER OF THE ARTSLYNCHBURG, VAYEARLY SPONSORSHIP$20k
YMCA OF CENTRAL VIRGINIALYNCHBURG, VA4TH YEAR OF 5 YEAR PLEDGE$20k
CENTRA FOUNDATIONLYNCHBURG, VACENTRA CELEBRATION, PLATIUM SPONSOR$15k
HUMAN KINDLYNCHBURG, VAEARLY HEADSTART$15k
LCALYNCHBURG, VACOX FAMILY$15k
PARK VIEW COMMUNITY MISSIONLYNCHBURG, VAFOOD FOR THOUGHT$15k
AMAZEMENT SQUARELYNCHBURG, VACONTRIBUTION$10k
CAMPBELL COUNTY SHERIFF'S DEPTRUSTBURG, VACONTRIBUTION$10k
CENTRAL VIRGINIA COMMUNITY COLLEGELYNCHBURG, VAFOSTER SCHOLARSHIPS-TRADES$10k
GREATER LYNCHBURG COMMUNITY FOUNDATIONLYNCHBURG, VASCHOLARSHIPS: CAMPBELL COUNTY: FOSTER FUND$10k
GREATER LYNCHBURG COMMUNITY FOUNDATIONLYNCHBURG, VAFOSTER FAMILY FUND$10k
LEGACY EDUCATION CENTERLYNCHBURG, VASCHOLARSHIPS$10k
LIBERTY UNIVERSITY FLAMES CLUBLYNCHBURG, VAARCH FINAL PAYMENT$10k
LYNCHBURG POLICE FOUNDATIONLYNCHBURG, VATHE HONOR CAMPAIGN$10k
NATIONAL CENTER FOR HEALTHY VETERANSROUND ROCK, TXCONTRIBUTION$10k
PARK VIEW COMMUNITY MISSIONLYNCHBURG, VAGREATEST NEED$10k
TALL TIMBERSTALLAHASSEE, FLCONTRIBUTION$10k
THE CENTRAL VA FOUNDATION FOR EC ED & IMPLYNCHBURG, VA5TH YEAR OF 5 YEAR COMMITMENT$10k
THOMAS ROAD BAPTIST CHURCHLYNCHBURG, VACONTRIBUTION$10k
TROLYNCHBURG, VAANNUAL DONATION$10k
TROLYNCHBURG, VA30 CAMPERS FROM BROOKNEAL AREA$10k
VIRGINIA 10 MILERLYNCHBURG, VASPONSORSHIP$6k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

FOSTER FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$311k
$791k
2023
$4.8M
$1M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

FOSTER FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about FOSTER FOUNDATION

What are FOSTER FOUNDATION's revenue and expenses?

In 2024, FOSTER FOUNDATION reported $4.8M in total revenue and $1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.