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Nonprofit · EIN 06-0811599

FOSTER-DAVIS FOUNDATION INC

Tax-exempt · WILMINGTON, DE 19809

Financials

$1.7M$509K2023$1.3M$641K2024$1.6M$584K2025
Revenue Expenses · by fiscal year end
Financials of FOSTER-DAVIS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,640,814$584,203$1,056,611$10,345,494$0$10,345,494
December 31, 2024990-PF$1,295,317$640,873$654,444$9,288,883$0$9,288,883
December 31, 2023990-PF$1,725,861$509,092$1,216,769$8,634,439$0$8,634,439
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$265,854
Interest
$84,052
Net gain from sales of assets
$1,290,908

Expenses

Grants and similar amounts paid
$526,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$565,735
Excise tax on investment income
$22,735

Balance sheet and other

Total assets, start of year
$9,288,883
Total assets, end of year
$10,345,494
Total liabilities, end of year
$0
Net assets, end of year
$10,345,494
Fair market value of assets
$16,456,713
Qualifying distributions
$565,735
Net investment income
$1,640,814

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Carol Bam
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Eric F Bam
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres, Treas10$0
April Kosakoff
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
Carol Bam
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Eric F Bam
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres, Treas10$0
April Kosakoff
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
Rotimi Sijuwade
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Treas1$0
990-PF for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ERIC F BAM
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
PRESIDENT0.5$0
S CAROL BAM
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
VICE PRESIDENT0.1$0
APRIL KOSAKOFF
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
SECRETARY0.1$0
ROTIMI SIJUWADE
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
TREASURER0.1$0
FOSTER BAM
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
PAST PRESIDENT0.5$0
EDWARD F RODENBACH
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
PAST SECRETARY/ASST TREASURER0.1$0
JONATHAN B MILLS
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
PAST VICE PRESIDENT0.1$0
LAURA W BECK
10 WESTPORT RD SUITE C 205, WILTON, CT 06897
PAST VICE PRESIDENT0.1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Eric F Bam, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
06-0811599
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1966
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$10,345,494
Income (IRS master file)
$5,797,882

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,640,814$584,203$10,345,494IRS
990-PFDecember 2024$1,295,317$640,873$9,288,883XML
990-PFDecember 2023$1,725,861$509,092$8,634,439XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0811599).

Questions about FOSTER-DAVIS FOUNDATION INC

What is the EIN of FOSTER-DAVIS FOUNDATION INC?
The employer identification number (EIN) of FOSTER-DAVIS FOUNDATION INC is 06-0811599.
Is FOSTER-DAVIS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to FOSTER-DAVIS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FOSTER-DAVIS FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of FOSTER-DAVIS FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOSTER-DAVIS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of FOSTER-DAVIS FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does FOSTER-DAVIS FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,640,814, expenses of $584,203 and total assets of $10,345,494 at year end.

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