Private foundation · EIN 22-6441627 · Ocean City, New Jersey

Foster-Karney Trust Fund

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2025 Form 990-PF: 19 grants paid, $242K total, median $14K. 89% of grants stayed in New Jersey.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2025
19
$242K
Median grant
$14K
Stays in NJ
89%
of grants
Deadline
—
Assets
$3.3M

Grants paid in 2025

19 grants, all shown · from Form 990-PF Part XV

RecipientPurposeAmount
Foundation of Substainable Vets HouWestfield, NJGeneral purpose$27K
Ranch HopeGalloway, NJGeneral purpose$27K
John R Elliott Hero CampaignSomers Point, NJGeneral purpose$24K
Sunshine FoundationSouthampton, PAGeneral purpose$22K
Shore Memorial CenterSomers Point, NJGeneral purpose$20K
Hope Music FestivalSomers Point, NJGeneral purpose$18K
Volunteers in MedicineCape May Court House, NJGeneral purpose$18K
Oc High School ScholarshipsOcean City, NJGeneral purpose$15K
American Legion Auxiliary Post 524Ocean City, NJGeneral purpose$14K
American Legion Post 524Ocean City, NJGeneral purpose$14K
Nj Run for the FallenOcean City, NJGeneral purpose$10K
St Peters United Methodist ChurchOcean City, NJGeneral purpose$9,000
Shriners Hospital for ChildrenPhiladelphia, PAGeneral purpose$6,000
Cape Atlantic Citizens Alterating SOcean City, NJGeneral purpose$5,000
Sones of American Legion Squad 524Ocean City, NJGeneral purpose$4,000
Tara's Happy BoxesSomers Point, NJGeneral purpose$3,000
Angelic Heath FoundationWest Atlantic City, NJGeneral purpose$2,500
Mudgirls StudiosAtlantic City, NJGeneral purpose$2,000
Marine Mammal Stranding CenterBrigantine, NJGeneral purpose$1,000

By state: New Jersey 17 · Pennsylvania 2

About this foundation

Foster-Karney Trust Fund is a private grantmaking foundation in Ocean City, New Jersey, tax-exempt since 1988. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Foster-Karney Trust Fund accept grant applications?

No. On its 2025 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Foster-Karney Trust Fund give each year?

In tax year 2025 it paid $242K across 19 grants, a median of $14K.

Where does Foster-Karney Trust Fund give?

New Jersey (17 grants), Pennsylvania (2 grants), per its latest filing.

More foundations near Ocean City that accept applications

All in New Jersey
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Nsn Foundation Incsince 2001 Roseland, NJ $279M3 grants · 2023 $100MPreselected only $81M
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Hess Foundation Incsince 1957 Parsippany, NJ $63M141 grants · 2023 $50KPreselected only $1.1B
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