G A Foster Legacy Foundation
- Assets
- $30.5m
- Revenue
- $2.8m
- Investments
- $30.0m
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 11/2014
- Data as of
- 06/2022
- EIN
- 47-1340254
Organization Overview
G A Foster Legacy Foundation is located in Stockton, CA. The organization was established in 2014. 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. G A Foster Legacy Foundation 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 06/2022, G A Foster Legacy Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 6 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 2016, G A Foster Legacy Foundation has awarded 54 individual grants totaling $10,205,223. 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 |
|---|---|---|---|
Gregory A Foster President | 1 | $0 | |
Judith Warren Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $352,002 |
| Dividends & Interest | $385,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,087,997 |
| Capital Gain Net Income | $2,087,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,798 |
| Total Revenue | $2,833,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,447 |
| Total operating and administrative expenses | $365,738 |
| Contributions, gifts, grants paid | $1,889,215 |
| Total expenses and disbursements | $2,254,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,521 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,453,012 |
| 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, G A Foster Legacy Foundation has awarded $1,889,215 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE PURPOSE: CHARITABLE | $674,757 |
CALIFORNIA LUTHERAN UNIVERSITY PURPOSE: CHARITABLE | $40,691 |
CHILD & FAMILY CENTER PURPOSE: CHARITABLE | $250,000 |
ARTS EDUCATION CONNECTION PURPOSE: CHARITABLE | $49,600 |
ZOOLOGICAL SOCIETY OF SAN DIEGO PURPOSE: CHARITABLE | $200,000 |
MUSEUM OF CONTEMPORARY ART PURPOSE: CHARITABLE | $125,000 |