A foam dispensing device is comprised of a collapsible container and a spongy foam-producing insert. The container consists of a holding section, a dispensing section, and a dispensing orifice. It is filled with a foamable liquid, and, when it is compressed, the foamable liquid is pushed through the foam producing means and exits the orifice as foam. Also claimed is an embodiment of the invention wherein a second solution is stored in the spongy material and dissolved as the foamable liquid is expelled from the container. This device allows for a more simplistic and inexpensive system to deliver foam stored as a foamable liquid. The design also lends itself to be used for various medical applications, especially in ophthalmology.