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Foster-Davis Foundation INC EIN 06-0811599 Form 990 (PDF) Claim this org

Foster-Davis Foundation INC

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A private foundation based in Wilmington, DE. It reported about $1.6M in revenue for 2025. For fiscal year 2025 it reported $1.6M in revenue, $584K in expenses, and $10.3M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Wilmington, DE
Filings
6 on file (2020–2025)
Revenue
$1.6MFY2025
Expenses
$584K
Net assets
$10.3M
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  06-0811599 Private foundation / grantmaker Wilmington, DE
Form 990 (PDF)
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Size
$1–10M
What they do
A private foundation based in Wilmington, DE. It reported about $1.6M in revenue for 2025.
Leadership
Carol Bam · Dir, VP
Money in and out
$1.6M revenue, $584K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$584K
Pt IX · Ln 25
Net assets
$10.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Total assets
10.3M
deployed as grants and operations
Grants paid
526K
in FY2025
Grants made
32grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 32 grants · $526K · 2025–2025
Norwalk Hospital Foundation INCFY2025$100,000
Bard CollegeFY2025$60,000
Vassar CollegeFY2025$50,000
Medecins Sans Frontieres USA INCFY2025$35,000
World Central Kitchen IncorporatedFY2025$25,000
St Catherines School FoundationFY2025$25,000
Second Harvest Food Bank of Middle Tennessee INCFY2025$25,000
Northfield Mount Hermon SchoolFY2025$25,000
Northwest Harvest E M MFY2025$22,000
Environmental Defense Fund IncorporatedFY2025$16,000
The V FoundationFY2025$15,000
Friends of Ambler Farm INCFY2025$15,000
Dave Thomas Foundation for AdoptionFY2025$12,000
Partnership for Inclusive Disaster StrategiesFY2025$10,000
Palestine Childrens Relief FundFY2025$9,000
Ocean Conservancy INCFY2025$9,000
Planned Parenthood Federation of America INCFY2025$8,000
Committee on Temporary ShelterFY2025$8,000
See all 32 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$16K
Median grantPart XV$9K
Largest grantPart XV$100K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$1.6M
FY2025▲ +27%
Expenses
$584K
FY2025▼ -9%
Total assets
$10.3M
FY2025▲ +11%
Total liabilities
$0
FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$584K
Pt IX · Ln 25
Net assets
$10.3M
Pt X · Ln 32
Total assetsPt II$10.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoster-Davis Foundation INC
EINHdr · item D06-0811599
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Carol Bam
Dir, VP
$0Pt VII · Sec A
Eric F Bam
Dir, Pres, Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foster-Davis Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$1.6M
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.90 Operating & administrative $0.10
Grants & contributions paid90%$526K
Operating & administrative10%$58K
Total functional expensesLn 25$584K

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$10.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.3M
Months of cash on handcomputed44.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $10.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.6M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.6M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.3M
+27%
Revenue CAGR
FY2020 $461K · FY2025 $1.6M
+29%
Net-asset trend (YoY)
End of year $10.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $584K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $10.3M
—
Net-asset ratio
Net assets $10.3M · Total assets $10.3M
100%
People & payroll
Highest Reported Total Compensation
Individual Carol Bam · Reported title Dir, VP · Highest reported compensation $0 · Total expenses $584K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 27%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.6M revenue · viewing · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$976K revenue · ⤓ 990 PDF
FY2021$395K revenue · ⤓ 990 PDF
FY2020$461K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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