Forster Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $392.7k
- Investments
- $3.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-3369497
Organization Overview
Forster Family Foundation Inc is located in Wilmington, DE. The organization was established in 2006. 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. Forster Family Foundation Inc 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 Inc generated $392.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $553.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forster Family Foundation Inc has awarded 81 individual grants totaling $2,349,577. 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 |
|---|---|---|---|
Bret Forster Dir, VP | 1 | $0 | |
Kyle Forster Dir, VP | 1 | $0 | |
Nancy Forster Dir, VP | 1 | $0 | |
Patrick Forster Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $33,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $358,740 |
| Capital Gain Net Income | $359,823 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $392,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,608 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,229 |
| Total operating and administrative expenses | $76,098 |
| Contributions, gifts, grants paid | $477,502 |
| Total expenses and disbursements | $553,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,337 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,508,635 |
| 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 Inc has awarded $477,502 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL & RESEARCH CENTER FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CALIFORNIA COLLEGE OF THE ARTS PURPOSE: CAPITAL CAMPAIGN, GALA PATRON AND ANNUAL FUND | $231,000 |
GLAUCOMA RESEARCH FOUNDATION PURPOSE: CAPITAL CAMPAIGN, FUND A SCIENTIST AND GALA SPONSOR | $100,000 |
HAMLIN SCHOOL PURPOSE: HAMLIN CAPITAL CAMPAIGN | $10,000 |
J PAUL GETTY TRUST PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
PROTESTANT EPISCOPAL CHURCH IN THE DIOCESE OF CA PURPOSE: GENERAL & UNRESTRICTED | $10,502 |