Forrest C & Frances H

EAST GREENWICH, RI EIN: 20-3106502

The Forrest C & Frances H Lattner Foundation is a private family foundation established in 2006 in Florida with assets transferred from the original Forrest C. Lattner Foundation. The foundation is now managed by the Hollenbeck family, descendants of the Lattners. Based in East Greenwich, Rhode Island, it operates as a 501(c)(3) organization with tax-exempt status since August 2005.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$52.6M

-0.7% YoY

Annual Giving

$2.0M

-24.6% YoY

Grant Count

62

-18.4% YoY

Avg Grant Size

$33K

-7.6% YoY

Under IRS private-foundation payout rules, Forrest C & Frances H reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation provides grants to worthy endeavors that make meaningful differences and have the greatest impact on people's lives. Primary funding areas include:

  • Education
  • Environment and environmental conservation
  • Organic agriculture
  • Health and social services
  • Philanthropy, voluntarism, and grantmaking

Grantmaking

The foundation operates on a preselected-only basis and does not accept unsolicited applications for funds. Grant recipients are chosen at the discretion of the foundation's trustees.

Grant Range

$5,000 to $200,000

How to Apply

**

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Geographic Focus

Where this funder awards grants

Primary geographic priorities include:

  • Vermont
  • Rhode Island
  • California
  • Washington, DC

Historical funding has also extended to Georgia, Missouri, Pennsylvania, and the San Francisco Bay area. Geographic focus aligns with where trustees reside.

Grant Distribution by State

23states
+15 more states

Cities

Agoura HillsAndoverAvonBarreBattleboroBostonBoynton BeachBrattleboroBristolBrooklynBurlingtonCambridgeCharlotteCharlottesvilleColchesterColumbiaCornucopiaCrested ButteDelray BeachDenver

Financial History

Multi-year comparison from IRS filings

Assets and Revenue (2024):

  • Total assets: $52,601,930
  • Total revenue: $2,804,896
  • Total expenses: $3,192,722
  • Net income: -$387,826
  • Total liabilities: $0

Assets and Revenue (2023):

  • Total assets: $52,989,756
  • Total revenues: $2,484,892
  • Total expenses: $3,753,420

The foundation maintains substantial assets and distributes approximately 5% annually in grants.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$5M20202021202220232024
Metric202420232022
Total Assets$52,601,930$52,989,756$55,354,284
Revenue$2,804,896$2,484,892$1,556,877
Expenses$3,192,722$3,753,420$4,124,654
Qualifying Distributions$2,696,841$3,321,975$3,687,917
Net Investment Income$2,344,138$2,077,407$1,534,897
Distributable Amount$3,023,658$2,788,596$2,708,791

Giving Over Time

Total grant dollars and number of grants per year

$0$764K$2M$2M$3M87 grants202084 grants202166 grants202276 grants202362 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

OCEAN CONSERVANCY$165KSURFRIDER FOUNDATION$165KREAL ORGANIC PROJECT$100KPROVIDENCE COUNTRY DAY$75KSAVE THE BAY$75KTHE NATURE CONSERVANCY I…$70KENVIRONMENT & HUMAN HEALTH$65KNORTHEAST ORGANIC FARMIN…$50KSHELBURNE FARMS$50KTHE WOOD-PAWCATUCK WATER…$45K

Grant Size Distribution

250 grants across all recorded years

197<$50K34$50–100K17$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ocean Conservancy ($165,000), Surfrider Foundation ($165,000), Real Organic Project ($100,000).

RecipientPurposeAmount
ADAPTIVE SKI & SPORT MT SNOW WEST DOVER, VTGENERAL SUPPORT$1,000
ADAPTIVE SPORTS CENTER CRESTED BUTTE, COGENERAL SUPPORT$1,000
ALLIANCE FOR NATURAL HEALTH FOUNDATION EDINBURG, VAHEALTH FREEDOM PROJECTS$35,000
AYERS FOUNDATION WESTERLY, RIGENERAL OPERATING SUPPORT$15,000
BIOFIELD TUNING INSTITUTE COLCHESTER, VTPART 2 STUDY ON ANXIETY$20,000
CANCER101 NEW YORK, NYGENERAL SUPPORT$7,500
COMMITTEE ON TEMPORARY SHELTER BURLINGTON, VTFAMILY SHELTER & CHILDREN'S PROGRAM$10,000
COMMON ROOTS S BURLINGTON, VTPROGRAM SUPPORT$35,000
EAST BEACH ASSOCIATION WESTERLY, RIGENERAL SUPPORT$1,000
ENVIRONMENT & HUMAN HEALTH NEW HAVEN, CTBROCHURE ON DANGERS OF ROUNDUP$65,000

Leadership & Key People

Leadership team and compensation from IRS filings

Trustees and Key Personnel:

  • David W. Hollenbeck – Chairman
  • Drew H. Hollenbeck – Trustee
  • Douglas W. Hollenbeck – Trustee
  • Kim Newton – Fund Manager
  • Sue Mann – Fund Manager

Compensation Overview

From 2024 IRS filing

DAVID W HOLLENBECKCHAIRMAN$225KDOUGLAS W HOLLENBECKTRUSTEE$209KDREW H HOLLENBECKTRUSTEE$110K

From 2024 filing

NameTitleHoursCompensation
DREW H HOLLENBECKTRUSTEE10$110,257
DAVID W HOLLENBECKCHAIRMAN10$225,042
DOUGLAS W HOLLENBECKTRUSTEE10$208,783

Contact Information

  • Phone: 802-503-5056
  • Email: dwhollenbeck@mac.com
  • Phone (alternate): (561) 266-9494
  • Address: 110 Main Street, Suite 302, East Greenwich, RI 02818-3861
  • Mailing address: 4416 Spear Street, Shelburne, VT 05482
  • EIN: 20-3106502

Frequently Asked Questions

What does Forrest C & Frances H fund?

The foundation provides grants to worthy endeavors that make meaningful differences and have the greatest impact on people's lives. Primary funding areas include: • Education • Environment and environmental conservation • Organic agriculture • Health and social services • Philanthropy, voluntarism, and grantmaking

How do I apply for a grant from Forrest C & Frances H?

**Grant Activity:** • Annual giving: approximately $2.7 million • Number of grants: 62-76 annually • Grant range: $5,000 to $200,000 • Median grant: $11,000-$11,250 • Recent annual giving (2024): $2,025,000 in total grants **Application Process:** The foundation operates on a preselected-only basis and does not accept unsolicited applications for funds. Grant recipients are chosen at the discretion of the foundation's trustees. **Recent Grantees (2023):** • Beyond the Reef International: $300,0…

Where does Forrest C & Frances H make grants?

Primary geographic priorities include: • Vermont • Rhode Island • California • Washington, DC Historical funding has also extended to Georgia, Missouri, Pennsylvania, and the San Francisco Bay area. Geographic focus aligns with where trustees reside.

What size grants does Forrest C & Frances H award?

In 2024, Forrest C & Frances H awarded 62 grants totaling $2.0M — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Forrest C & Frances H required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Forrest C & Frances H reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Forrest C & Frances H's EIN?

Forrest C & Frances H's EIN (Employer Identification Number) is 20-3106502. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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