Anchor Foundation Inc

FORT LAUDERDALE, FL EIN: 71-0929809

Anchor Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT LAUDERDALE, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $892K in total assets. In 2024, it awarded 4 grants totaling $25K. Net investment income was $47K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$892K

-2.3% YoY

Annual Giving

$25K

-19.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

-19.4% YoY

Under IRS private-foundation payout rules, Anchor Foundation Inc reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.

About Anchor Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Wisconsin $158K (95%)

Florida $8K (5%)

New York $1K (1%)

States

Florida New York Wisconsin

Cities

Fort LauderdaleMadisonMilwaukeeNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$892,449	$913,871	$974,212
Revenue	$46,352	$27,130	$-107,389
Expenses	$67,774	$87,471	$89,992
Qualifying Distributions	$66,945	$85,609	$88,055
Net Investment Income	$46,629	$48,682	$52,271
Distributable Amount	$39,054	$36,480	$43,642

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Attic Angel Place - Memory Care Gifting Program ($10,000), Edgewood High School ($10,000), Lutheran Social Services ($2,500).

Recipient	Purpose	Amount
ATTIC ANGEL PLACE - MEMORY CARE GIFTING PROGRAM MADISON, WI	GENERAL MEMORIAL FUND	$10,000
EDGEWOOD HIGH SCHOOL MADISON, WI	PROGRAM SUPPORT	$10,000
LUTHERAN SOCIAL SERVICES MILWAUKEE, WI	PROGRAM SUPPORT	$2,500
HOPE SOUTH FLORIDA FORT LAUDERDALE, FL	PROGRAM SUPPORT	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARK D TIMMERMAN	PRESIDENT & SECRETARY	5	$12,000
JENNIFER TIMMERMAN	VP & TREASURER	5	$12,000
EMILY PORTZ	MEMBER	5	$3,000
ANDREW TIMMERMAN	MEMBER	5	$3,000
CHARLES TIMMERMAN	MEMBER	5	$3,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Anchor Foundation Inc?

Anchor Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT LAUDERDALE, FL. It holds $892K in total assets as of 2024.

How large is Anchor Foundation Inc?

As of 2024, Anchor Foundation Inc holds $892K in total assets with $46K in annual revenue. It awarded 4 grants totaling $25K in 2024.

Where does Anchor Foundation Inc operate?

Anchor Foundation Inc has awarded grants in Florida, New York, Wisconsin.

What size grants does Anchor Foundation Inc award?

In 2024, Anchor Foundation Inc awarded 4 grants totaling $25K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Anchor Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Anchor Foundation Inc reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.