Forster Family Foundation
- Assets
- $19.9m
- Revenue
- $488.9k
- Investments
- $19.5m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2004
- Data as of
- 12/2022
- 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 12/2022, Forster Family Foundation generated $488.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Forster Family Foundation has awarded 76 individual grants totaling $7,622,216. 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.
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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 | $17,332 |
| Interest on Savings | $65,290 |
| Dividends & Interest | $446,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,464 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $488,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,931 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,864 |
| Total operating and administrative expenses | $143,647 |
| Contributions, gifts, grants paid | $2,064,216 |
| Total expenses and disbursements | $2,207,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,222 |
| 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 | $16,647,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,871,131 |
| 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 $2,064,216 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PRECISION MUSEUM PURPOSE: CHARITABLE | $50,000 |
APPLETREE INSTITUTE FOR EDUCATION INNOVATION PURPOSE: CHARITABLE | $75,000 |
ARTISTS IN MIDDLEBURG PURPOSE: CHARITABLE | $25,000 |
ARCHBISHOP CARROLL HIGH SCHOOL PURPOSE: CHARITABLE | $500,000 |
CATHOLIC EXTENSION PURPOSE: CHARITABLE | $46,720 |
CECA FOUNDATION PURPOSE: CHARITABLE | $10,000 |