Forstrom Family Foundation

Private foundation · Grantmaker Sarasota, FL EIN: 35-2191686

Forstrom Family Foundation is a private foundation, based in Sarasota, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 5 grants totaling $155K. Net investment income was $4K.

Key facts about Forstrom Family Foundation

In short: Forstrom Family Foundation gave $155K across 5 grants in 2025 (avg $31K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

EIN
35-2191686
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$154,706
Grants made (2025)
5
Average grant
$30,941
Median grant
$16,000
Total assets
$1,114,114
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

+8.7% YoY

Annual Giving

$155K

+30.7% YoY

Grant Count

5

-16.7% YoY

Avg Grant Size

$31K

+56.8% YoY

Under IRS private-foundation payout rules, Forstrom Family Foundation reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.

How Forstrom Family Foundation gives

  • Giving grew 26% from 2022 to 2025. Method
  • In 2025 it paid out 294% of its IRS minimum distribution (the 5% rule). Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

WillmarClara CityGranite FallsHoward LakeSarasota

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2019 3 grants2020 3 grants2021 3 grants2022 3 grants2023 6 grants2024 5 grants2025

From 2019 to 2025, annual grant giving ranged from $32K (2021) to $155K (2025). In 2025 it made 5 grants totaling $155K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

City of Clara City: $104KCity of Clara City$104KImmanuel Lutheran Church: $34KImmanuel Lutheran Church$34KBethel Luthern Church: $16KBethel Luthern Church$16KFairview Cemetary Association: $500Fairview Cemetary Association$500North Home Children & Family Servic: $500North Home Children & FamilyServic$500

The largest 2025 recipient was City of Clara City ($104K). Together the top 5 received $155K.

Grant Size Distribution

20 grants across all recorded years

15<$50K3$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 20 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
City of Clara City Clara City, MNBuild City Park$103,675
Immanuel Lutheran Church Clara City, MNCapital Improvements & Cash Flow$34,031
Bethel Luthern Church Willmar, MNCapital Improvements & Cash Flow$16,000
Fairview Cemetary Association Willmar, MNAnnual Operating Cash Flow$500
North Home Children & Family Servic Willmar, MNAnnual Operating Casf Flow$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,114,114$1,025,255$898,846
Revenue$247,488$246,901$246,115
Expenses$158,630$120,492$144,494
Qualifying Distributions$154,706$118,367$142,500
Net Investment Income$3,564$4,776$6,115
Distributable Amount$52,632$47,315$41,655

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 28, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 15, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 8, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Forstrom Family Foundation is led by Perry Forstrom, President on every filing since 2023; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Perry Forstrom

    President

    On filings since 2023

    No compensation reported

  • John Forstrom

    Director

    On filings since 2019

    No compensation reported

Former officers (1)
  • Former: Norma Forstrom (2019–2022) — President

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Forstrom Family Foundation

How much does Forstrom Family Foundation give each year?

Forstrom Family Foundation gave $155K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $118K across 6 grants.

What is Forstrom Family Foundation's typical grant size?

Forstrom Family Foundation's median grant in 2025 was $16,000, and its average grant was $30,941, across 5 grants on its 2025 IRS Form 990-PF.

Where does Forstrom Family Foundation give grants?

Forstrom Family Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Willmar, MN (3 grants) and Clara City, MN (2 grants).

Does Forstrom Family Foundation give general operating support?

Yes: 40% of Forstrom Family Foundation's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Forstrom Family Foundation's largest grantees?

Forstrom Family Foundation's largest 2025 grantees include City of Clara City ($103,675), Immanuel Lutheran Church ($34,031) and Bethel Luthern Church ($16,000), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.

How large is Forstrom Family Foundation?

Forstrom Family Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).

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 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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