Forman Watkins & Krutz is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 23 grants totaling $54K. Net investment income was $191.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-41.4% YoY
Annual Giving
$54K
+76.2% YoY
Grant Count
23
+9.5% YoY
Avg Grant Size
$2K
+60.9% YoY
Under IRS private-foundation payout rules, Forman Watkins & Krutz reported a distributable amount of $506 for 2024 — the minimum it must pay out in qualifying distributions.
About Forman Watkins & Krutz
Based on IRS filings
Forman Watkins & Krutz is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 23 grants totaling $54K. Net investment income was $191.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,883 | $3,213 | $128 |
| Revenue | $52,691 | $33,635 | $25,762 |
| Expenses | $54,021 | $30,550 | $28,600 |
| Qualifying Distributions | $54,019 | $30,550 | $28,600 |
| Net Investment Income | $191 | $135 | $12 |
| Distributable Amount | $506 | $222 | $661 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jackson Leadership Foundation ($10,000), American Cancer Society ($7,000), Habitat for Humanity ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY KENNESAW, GA | CHARITABLE | $7,000 |
| BLAZER BOLT INC BIRMINGHAM, AL | CHARITABLE | $1,000 |
| BRAIN INJURY ASSOCIATION OF LOUISIANA MANDEVILLE, LA | CHARITABLE | $500 |
| BRING A NOODLE COVINGTON, LA | CHARITABLE | $1,000 |
| DREW PET FOUNDATION MARRERO, LA | CHARITABLE | $250 |
| EMILE & BROOK KIDS PEARL, MS | CHARITABLE | $500 |
| FRIENDS OF CHILDREN'S HOSPITAL FLOWOOD, MS | CHARITABLE | $2,819 |
| HABITAT FOR HUMANITY AMERICUS, GA | CHARITABLE | $5,000 |
| JACKSON LEADERSHIP FOUNDATION JACKSON, MS | CHARITABLE | $10,000 |
| JDRF MISSISSIPPI CHAPTER JACKSON, MS | CHARITABLE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER STUDEBAKER | PRESIDENT/DIRECTOR | 1 | — |
| ROBERT M GATHINGS | TREASURER | 1 | — |
| BYRON KITCHENS | SECRETARY/DIRECTOR | 1 | — |
| BRIAN HANNULA | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Forman Watkins & Krutz?
Forman Watkins & Krutz is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MS. It holds $2K in total assets as of 2024.
How large is Forman Watkins & Krutz?
As of 2024, Forman Watkins & Krutz holds $2K in total assets with $53K in annual revenue. It awarded 23 grants totaling $54K in 2024.
Where does Forman Watkins & Krutz operate?
Forman Watkins & Krutz has awarded grants in Alabama, District of Columbia, Georgia, Hawaii, Louisiana, Mississippi, Tennessee, Texas, Virginia.
What size grants does Forman Watkins & Krutz award?
In 2024, Forman Watkins & Krutz awarded 23 grants totaling $54K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Forman Watkins & Krutz required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Forman Watkins & Krutz reported a distributable amount of $506 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Forman Watkins & Krutz's EIN?
Forman Watkins & Krutz's EIN (Employer Identification Number) is 84-4672677. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Forman Watkins & Krutz's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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