Foster Charitable Trust
- Assets
- $2.5m
- Revenue
- $148.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1964
- Data as of
- 12/2023
- EIN
- 25-6064791
Organization Overview
Foster Charitable Trust is located in Pittsburgh, PA. The organization was established in 1964. 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 Charitable Trust 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 12/2023, Foster Charitable Trust generated $148.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $204.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foster Charitable Trust has awarded 102 individual grants totaling $1,438,960. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Foster Trustee | 0 | $0 | |
Lee B Fosterii Trustee | 0 | $0 | |
Peter F Mars Trustee | 0 | $0 | |
Lynn B Foster Trustee | 0 | $0 | |
Kim Foster Petracca Trustee | 0 | $0 | |
Craig J Foster Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,454 |
| Interest on Savings | $82 |
| Dividends & Interest | $88,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$55,188 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $236 |
| Total operating and administrative expenses | $19,887 |
| Contributions, gifts, grants paid | $184,770 |
| Total expenses and disbursements | $204,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,346 |
| 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 | $2,421,767 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,465,113 |
| 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 Charitable Trust has awarded $184,770 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $500 |
AMERICAN RED CROSS PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $500 |
ART INSTITUTE OF CHICAGO PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $15,000 |
BEIT TSHUVAH PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $5,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $500 |
CHICAGO BOTANIC GARDENS PURPOSE: DISTRIBUTIONS FOR CHARITABLE PURPOSES | $1,000 |