Forster Family Foundation
- Assets
- $21.6m
- Revenue
- $1.8m
- Investments
- $20.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-1512250
Organization Overview
Forster Family Foundation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forster Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Forster Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Forster Family Foundation has awarded 51 individual grants totaling $5,558,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter C Forster President/treasurer | 0.5 | $0 | |
Elizabeth D Forster Vp/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,902 |
| Interest on Savings | $69,461 |
| Dividends & Interest | $573,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,163,418 |
| Capital Gain Net Income | $1,163,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,814,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $147,674 |
| Contributions, gifts, grants paid | $2,566,000 |
| Total expenses and disbursements | $2,713,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,080 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,033,475 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,583,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Forster Family Foundation has awarded $2,566,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH SETON HIGH SCHOOL PURPOSE: CHARITABLE | $400,000 |
Washington, DC PURPOSE: CHARITABLE | $300,000 |
NATIONAL CAPITAL AREA COUNCIL PURPOSE: CHARITABLE | $250,000 |
COMMUNITY RENEWAL PURPOSE: CHARITABLE | $250,000 |
DON BOSCO CRISTO REY HIGH SCHOOL PURPOSE: CHARITABLE | $125,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: CHARITABLE | $111,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |