Forster-Connolly Foundation
- Assets
- $20.1m
- Revenue
- $592.5k
- Investments
- $19.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-5749133
Organization Overview
Forster-Connolly Foundation is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forster-Connolly 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-Connolly Foundation generated $592.5k 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 (42.3%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Forster-Connolly Foundation has awarded 59 individual grants totaling $6,664,858. 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 Director | 0.5 | $0 | |
Elizabeth D Forster Director | 0.5 | $0 | |
Catherine Forster-Connolly Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,130 |
| Interest on Savings | $105,083 |
| Dividends & Interest | $465,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,292 |
| Capital Gain Net Income | $13,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $592,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $158,351 |
| Contributions, gifts, grants paid | $2,524,008 |
| Total expenses and disbursements | $2,682,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,135 |
| 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 | $19,592,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,063,557 |
| 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-Connolly Foundation has awarded $2,524,008 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN COLLEGE PURPOSE: CHARITABLE | $500,000 |
BOSTON COLLEGE PURPOSE: CHARITABLE | $200,000 |
CATHOLIC CHARITIES ARCHDIOCESE OF WASHINGTON PURPOSE: CHARITABLE | $300,000 |
CATHOLIC EXTENSION PURPOSE: CHARITABLE | $200,000 |
COMMUNITIES IN SCHOOL PURPOSE: CHARITABLE | $50,000 |
COMMUNITY RENEWAL PURPOSE: CHARITABLE | $250,000 |