Foster Foundation
- Assets
- $46.6m
- Revenue
- $7.4m
- Investments
- $42.2m
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 91-1265474
Organization Overview
Foster Foundation is located in Kirkland, WA. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Foster Foundation has awarded 119 individual grants totaling $4,227,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen O Rowe Corp. Secretary/treasurer | 15 | $78,750 | |
Michael G Foster Jr President | 3 | $30,000 | |
Todd Patrick Director | 1 | $10,000 | |
J Bradford Smith Director | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,212,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,125,884 |
| Capital Gain Net Income | $6,125,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,558 |
| Total Revenue | $7,352,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $408,297 |
| Total operating and administrative expenses | $573,172 |
| Contributions, gifts, grants paid | $1,757,379 |
| Total expenses and disbursements | $2,330,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,387,048 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,266,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,586,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foster Foundation has awarded $1,757,379 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: EDUCATION | $372,500 |
Redmond, WA PURPOSE: SOCIAL SERVICES | $300,000 |
Medina, WA PURPOSE: EDUCATION | $300,000 |
OVERLAKE MEDICAL CENTER FOUNDATION PURPOSE: SOCIAL SERVICES | $110,000 |
Seattle, WA PURPOSE: GENERAL | $98,379 |
Seattle, WA PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |