Foulger Family Foundation Inc
- Assets
- $5.0m
- Revenue
- $611.3k
- Investments
- $3.5m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-1636720
Organization Overview
Foulger Family Foundation Inc is located in Potomac, MD. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foulger Family 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 12/2021, Foulger Family Foundation Inc generated $611.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $515.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foulger Family Foundation Inc has awarded 33 individual grants totaling $888,254. 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 Program Activity:
Part 3 - Line 4a
THE FOULGER FAMILY FOUNDATION GRANTS SCHOLARSHIPS ON BEHALF OF INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton F Foulger Treasurer/director | 1 | $0 | |
Bryant F Foulger Secretary/director | 1 | $0 | |
Amy F Barlow Vice President/director | 1 | $0 | |
Margaret F Pratt Vice President/director | 1 | $0 | |
Anne F Davis President/chair Of The Boa | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $660,000 |
| Interest on Savings | $912 |
| Dividends & Interest | $9,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,969 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $611,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $387 |
| Total operating and administrative expenses | $21,750 |
| Contributions, gifts, grants paid | $493,448 |
| Total expenses and disbursements | $515,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,983 |
| Savings and temporary cash investments | $1,483,171 |
| 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 | $4,981,002 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Foulger Family Foundation Inc has awarded $383,448 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF FREELANCE TEACHERS PURPOSE: TO FURTHER EDUCATIONAL PROGRAMMING AT FOULGER SCHOOL. | $140,000 |
PHILANTHROPIES DEPT OF LDS PURPOSE: CHARITABLE CONTRIBUTIONS | $67,000 |
Rexburg, ID PURPOSE: SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $28,530 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
Provo, UT PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
Provo, UT PURPOSE: SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $24,663 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |