The C Stephen And Frances B Foster Foundation
- Assets
- $1.7m
- Revenue
- $102.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 04-2776591
Organization Overview
The C Stephen And Frances B Foster Foundation, operating under the name Foster Foundation, is located in Weston, MA. The organization was established in 1983. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research 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 2016, Foster Foundation has awarded 15 individual grants totaling $1,024,070. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RESEARCH AND EDUCATION IN HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO DUKE UNIVERSITY AND THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY. GRANTS WERE GIVEN FOR THE PURPOSE OF RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Stephen Foster MD President | 5 | $0 | |
Frances B Foster RN Treasurer And Clerk | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,521 |
| Capital Gain Net Income | $74,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $671 |
| Depreciation | $1,875 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,417 |
| Total operating and administrative expenses | $20,263 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $20,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,894 |
| Savings and temporary cash investments | $0 |
| 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 | $52,120 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,372,710 |
| Net Land, buildings, and equipment | $99,689 |
| Other assets | $43,290 |
| Total assets | $1,733,703 |
| 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, The C Stephen And Frances B Foster Foundation has awarded $750,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION OF MASSACHSETTS EYE AND EAR PURPOSE: TO SUPPORT RESEARCH | $100,000 |
DUKE UNIVERSITY PURPOSE: TO SUPPORT RESEARCH | $100,000 |
FOUNDATION OF MASSACHSETTS EYE AND EAR PURPOSE: TO SUPPORT RESEARCH | $100,000 |
FOUNDATION OF MASSACHSETTS EYE AND EAR PURPOSE: TO SUPPORT RESEARCH | $100,000 |
DUKE UNIVERSITY PURPOSE: TO SUPPORT RESEARCH | $100,000 |
DUKE UNIVERSITY PURPOSE: TO SUPPORT RESEARCH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |
The Glaucoma Education & Research Fund Inc New York, NY | $130,142 | $0 |
Vision Research Institute Lowell, MA | $24,586 | $61,371 |