Foster-Karney Trust Fund

Organization Overview

Foster-Karney Trust Fund is located in Ocean City, NJ. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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-Karney Trust Fund 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 12/2020, Foster-Karney Trust Fund generated $487.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $194.5k during the year ending 12/2020. While expenses have increased by 9.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foster-Karney Trust Fund has awarded 130 individual grants totaling $593,851. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $213
Dividends & Interest $136,057
Net Rental Income$0
Net Gain on Sale of Assets $351,093
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $4,239
Profit on Inventory Sales $0
Other Income $0
Total Revenue $487,363

Grants Awarded

Over the last fiscal year, Foster-Karney Trust Fund has awarded $185,658 in support to 26 organizations.

Grant RecipientAmount

OC HIGH SCHOOL SCHOLARSHIPS

PURPOSE: GENERAL PURPOSE

$24,000

SUNSHINE FOUNDATION

Org PageRecipient Profile

Southampton, PA

PURPOSE: GENERAL PURPOSE

$17,500

AMERICAN LEGION AUXILIARY POST 524

PURPOSE: GENERAL PURPOSE

$14,158

CASA

PURPOSE: GENERAL PURPOSE

$14,000

JOHN R ELLIOTT HERO CAMPAGNE

PURPOSE: GENERAL PURPOSE

$14,000

AMERICAN LEGION POST 524

PURPOSE: GENERAL PURPOSE

$14,000
View Grant Profile

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