Foster-Davis Foundation Inc
- Assets
- $7.4m
- Revenue
- $976.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 09/1966
- Data as of
- 12/2022
- EIN
- 06-0811599
Organization Overview
Foster-Davis Foundation Inc is located in Greenwich, CT. The organization was established in 1966. 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-Davis Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Foster-Davis Foundation Inc generated $976.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $401.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foster-Davis Foundation Inc has awarded 74 individual grants totaling $1,314,673. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Foster Bam President | 0.5 | $0 | |
Edward F Rodenbach Secretary/assistant Treasurer | 0.1 | $0 | |
S Carol Bam Vice President | 0.1 | $0 | |
Eric F Bam Vice President | 0.1 | $0 | |
Jonathan B Mills Vice President | 0.1 | $0 | |
Laura W Beck Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $272,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $704,099 |
| Capital Gain Net Income | $704,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $976,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,888 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,621 |
| Total operating and administrative expenses | $83,632 |
| Contributions, gifts, grants paid | $317,500 |
| Total expenses and disbursements | $401,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,596 |
| Savings and temporary cash investments | $1,472,087 |
| 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 | $427,645 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,432,823 |
| 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-Davis Foundation Inc has awarded $317,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: SUPPORT ORGANAZATIONS MISSION | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: SUPPORT ORGANIZATIONS MISSION | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT ORGANIZATIONS MISSION | $1,000 |
CONGREGATION AGUDATH SHOLOM PURPOSE: SUPPORT ORGANIZATIONS MISSION | $2,000 |
CRESTON AVE BAPTIST CHURCH PURPOSE: SUPPORT ORGANIZATIONS MISSION | $2,000 |
EARTH JUSTICE PURPOSE: SUPPORT ORGANAZATIONS MISSION | $2,000 |