Passes our checks

Foot Locker Foundation Inc

EIN 52-2348625 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

What it says it does

The Foundation is committed to supporting youth, athletics, education, and the communities in which Foot Locker, Inc. has operations.

Source: Form 990 for the year ending January 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 82 out of 100. Higher than 54% of charities in its peer group (public safety and disaster relief, $1m to $10m).

Reserves
28 of 35
Spendable reserves would cover 6.1 months of spending.
Debt
20 of 20
It owes 11% of what it owns.
Living within its means
4 of 15
Spending exceeded income by 7% of income.
Income trend
15 of 15
Income rose 200% on the year before.
Spending floor
15 of 15
96% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending January 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 79 out of 100. Higher than 62% of charities in its peer group (public safety and disaster relief, $1m to $10m).

Independent board
5 of 25
0 of 3 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending January 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$681,271 spent. Foot Locker Scholar Athletes program awards nineteen $5,000 and one $6,250 scholarships per year for four years to high school seniors who demonstrate academic excellence and exemplify strong leadership skills both in sports and within their communities. The Foundation also awards twenty-nine $5,000 and one $10,000 scholarships to employees of Foot Locker, Inc. and its subsidiaries. The criteria for awarding these scholarships is the same as for the external programs but further limited by the guidelines in Rev. Proc. 76-47. Officers and directors (and their children) of the Foundation or of Foot Locker, Inc. are not eligible for the internal program. The Foundation engages a third party to develop and manage the scholarship process.
$3.3 million spent. The Foot Locker Foundation makes grants to other 501(c)(3) organizations which share and/or support the mission of the Foundation. The largest grant given in 2024 was to the Local Initiatives Support Corporation as detailed on Schedule I, Part II.

Source: Form 990 for the year ending January 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending January 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.