Forstrom Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARASOTA, FL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $118K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+14.1% YoY
Annual Giving
$118K
-16.9% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$20K
-58.5% YoY
Under IRS private-foundation payout rules, Forstrom Family Foundation reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About Forstrom Family Foundation
Based on IRS filings
Forstrom Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARASOTA, FL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $118K. Net investment income was $5K.
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 | $1,025,255 | $898,846 | $797,225 |
| Revenue | $246,901 | $246,115 | $241,995 |
| Expenses | $120,492 | $144,494 | $124,405 |
| Qualifying Distributions | $118,367 | $142,500 | $122,500 |
| Net Investment Income | $4,776 | $6,115 | $1,995 |
| Distributable Amount | $47,315 | $41,655 | $36,340 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Immanuel Lutheran Church ($57,000), City of Clara City ($20,867), Bethel Luthern Church ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| IMMANUEL LUTHERAN CHURCH CLARA CITY, MN | CASH | $57,000 |
| CITY OF CLARA CITY CLARA CITY, MN | BUILD CITY PARK | $20,867 |
| BETHEL LUTHERN CHURCH WILLMAR, MN | CASH | $15,000 |
| ST ARMANDS SARASOTA, FL | CASH | $15,000 |
| AMERICAN LEGION - HOWARD LAKE HOWARD LAKE, MN | CASH | $10,000 |
| FAIRVIEW CEMETARY ASSOCIATION WILLMAR, MN | CASH | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PERRY FORSTROM | PRESIDENT | — | — |
| JOHN FORSTROM | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Forstrom Family Foundation?
Forstrom Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARASOTA, FL. It holds $1.0M in total assets as of 2024.
How large is Forstrom Family Foundation?
As of 2024, Forstrom Family Foundation holds $1.0M in total assets with $247K in annual revenue. It awarded 6 grants totaling $118K in 2024.
Where does Forstrom Family Foundation operate?
Forstrom Family Foundation has awarded grants in Florida, Minnesota.
What size grants does Forstrom Family Foundation award?
In 2024, Forstrom Family Foundation awarded 6 grants totaling $118K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Forstrom Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Forstrom Family Foundation reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Forstrom Family Foundation's EIN?
Forstrom Family Foundation's EIN (Employer Identification Number) is 35-2191686. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Forstrom Family Foundation'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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