Forest Foundation
- Assets
- $22.6m
- Revenue
- $1.9m
- Investments
- $22.4m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 05/1964
- Data as of
- 06/2022
- EIN
- 91-6020514
Organization Overview
Forest Foundation is located in Tacoma, WA. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Forest 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 06/2022, Forest Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Forest Foundation has awarded 146 individual grants totaling $2,764,900. 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 |
|---|---|---|---|
Gail T Weyerhaeuser President, Treasurer | 3 | $25,000 | |
Brian F Boyd Executive Director | 20 | $0 | |
William T Weyerhaeuser Director | 1 | $0 | |
W Drew Weyerhaeuser Director | 1 | $0 | |
Benjamin D Weyerhaeuser Vice President | 1 | $0 | |
John Keolker Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grantmaker Consultants Inc | 6/29/22 | $268,050 |
Fiduciary Counselling Inc | 6/29/22 | $101,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $321 |
| Dividends & Interest | $308,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,562,677 |
| Capital Gain Net Income | $3,308,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33 |
| Total Revenue | $1,871,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,658 |
| Total operating and administrative expenses | $528,075 |
| Contributions, gifts, grants paid | $987,800 |
| Total expenses and disbursements | $1,515,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,489 |
| 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 | $9,769,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,000 |
| Total assets | $22,600,955 |
| 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, Forest Foundation has awarded $1,377,400 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD IN PIERCE CO PURPOSE: OPERATING SUPPORT - BOOST PROGRAM | $5,000 |
AMARA PARENTING & ADOPTION SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |
AMERICAN LEADERSHIP FORUM TACOMAPIERCE COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
BETHEL COMMUNITY SERVICES PURPOSE: GERERAL OPERATING SUPPORT | $5,000 |
BOYS AND GIRLS CLUBS OF SOUTH PUGET SOUND PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
CATHOLIC COMMUNITY SERVICES OF WESTERN WA PURPOSE: HOMELESS ADULT SERVICES CAPACITY BUILDING | $30,000 |