Forest Glen Impact Foundation

Foundation · Grantmaker Wilmington, DE EIN: 85-3048096

Forest Glen Impact Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 1 grant totaling $75K. Net investment income was $101K.

Key facts about Forest Glen Impact Foundation

EIN: 85-3048096
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $75,000
Grants made (2024): 1
Average grant: $75,000
Median grant: $75,000
Total assets: $7,112,558
Primary geography: Tennessee (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Forest Glen Impact Foundation gives

In 2024 it paid out 149% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.1M

+54.2% YoY

Annual Giving

$75K

-65.1% YoY

Grant Count

-87.5% YoY

Avg Grant Size

$75K

+179.1% YoY

Under IRS private-foundation payout rules, Forest Glen Impact Foundation reported a distributable amount of $327K for 2024 — the minimum it must pay out in qualifying distributions.

About Forest Glen Impact Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $75K (100%)

Share of all 1 itemized 2024 grant dollars.

States

California Illinois Tennessee Washington

Cities

San JoseFranklinChicagoFederal WayMontereyOaklandAnaheim

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,112,558	$4,613,821	$4,786,554
Revenue	$2,620,890	$61,896	$36,747
Expenses	$122,153	$234,629	$247,611
Qualifying Distributions	$486,702	$233,569	$247,211
Net Investment Income	$101,048	$61,896	$36,747
Distributable Amount	$327,411	$230,980	$242,827

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 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 recipients include Shaohannahs Hope Inc ($75,000).

Recipient	Purpose	Amount
SHAOHANNAHS HOPE INC Franklin, TN	General & Unrestricted	$75,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Melinda Leah Nemec	Sec, Dir	1	—
Philip Andrew Nemec	Dir, Pres, Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Forest Glen Impact Foundation?

Forest Glen Impact Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $7.1M in total assets as of 2024.

How large is Forest Glen Impact Foundation?

As of 2024, Forest Glen Impact Foundation holds $7.1M in total assets with $2.6M in annual revenue. It awarded 1 grant totaling $75K in 2024.

Where does Forest Glen Impact Foundation operate?

Forest Glen Impact Foundation has awarded grants in California, Illinois, Tennessee, Washington.

What size grants does Forest Glen Impact Foundation award?

In 2024, Forest Glen Impact Foundation awarded 1 grant totaling $75K — an average of about $75K per grant, based on its IRS Form 990 filings.

How much is Forest Glen Impact Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Forest Glen Impact Foundation reported a distributable amount of $327K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.