Forum Credit Union Foundation Inc
Forum Credit Union Foundation Inc is a private foundation based in Fishers, Indiana. It supports youth educational opportunities through collegiate scholarships and grants for classroom expenses at eligible K–12 schools.
Forum Credit Union Foundation Inc at a glance
In short: Forum Credit Union Foundation Inc gave $162K across 26 grants in 2024 (avg $6K), mostly in Indiana. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $161,675
- -1.9% vs 2023
- Grants made (2024)
- 26
- -10.3% vs 2023
- Average grant
- $6,218
- +9.4% vs 2023
- Median grant
- $3,750
- Total assets
- $654,105
- +3.8% vs 2023
- New grantees (estimate)
- 27% first-time grantees (7 of 26, 2024)
- Primary geography
- Indiana (78% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Forum Credit Union Foundation Inc
- How to Apply
-
The Foundation says applications can be completed online. Its 2024 filing identifies the Foundation Executive Director as the contact for applications. Scholarship applications are accepted October 1 through January 31; educator-grant applications open June 1 and close September 1. See the Foundation’s official rules for materials, restrictions, and limitations.
- Review Cycle
- Scholarship applications close January 31; educator-grant applications close September 1.
- Deadline
- Scholarship applications close January 31; educator-grant applications close September 1.
- Contact
Application contact: Foundation Executive Director
Mailing address: 11313 Usa Parkway, Fishers, IN 46037
Phone: (317) 558-6000
Email: foundation@forumcu.com
Website: https://www.forumcu.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Forum Credit Union Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Purdue University ($30K). Together the top 10 received $120K.
Grant Size Distribution
139 grants across all recorded years
The most common grant size was under $50K: 137 grants of 139 (99%).
Geographic Focus
Where this funder awards grants
The Foundation is based in Fishers, Indiana. Its educator grants are open to eligible teachers and administrators in Marion, Hamilton, Johnson, Boone, Hendricks, and Hancock counties. In 2024, 78% of grant dollars went to recipients in Indiana; the reported shares also included Illinois (3%), Florida (3%), Washington, D.C. (3%), and Tennessee (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
Cities
Is Forum Credit Union Foundation Inc open to new grantees?
27%
first-time grantees, 2024
In 2024, 7 of 26 grantees (27%) were first-time recipients. First grants averaged $3K; repeat grants $7K. How we count
Medians: $3K first-time, $5K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−2%). Method
- In 2024 it paid out 566% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $159K (2019) to $165K (2021). In 2024 it made 26 grants totaling $162K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Purdue University Lafayette, IN | higher education scholarships | $30,000 |
| Indiana University Bloomington, IN | higher education scholarships | $30,000 |
| Ball State University Muncie, IN | higher education scholarships | $20,000 |
| Butler University Indianapolis, IN | higher education scholarships | $10,000 |
| Wheaton College Wheaton, IL | higher education scholarships | $5,000 |
| Southeastern University Lakeland, FL | higher education scholarships | $5,000 |
| The Howard University Washington, DC | higher education scholarships | $5,000 |
| Belmont University Nashville, TN | higher education scholarships | $5,000 |
| DePauw University Greencastle, IN | higher education scholarships | $5,000 |
| RoseHulman Institute of Technology Terre Haute, IN | higher education scholarships | $5,000 |
Ready to take the next step with Forum Credit Union Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $654,105 | $185,593 | $161,675 | $161,675 | 26 | $161,675 | $20,593 | $28,551 |
| 2023 | $630,187 | $174,174 | $164,872 | $164,872 | 29 | $164,872 | $9,174 | $28,794 |
| 2022 | $620,885 | $167,422 | $159,981 | $159,981 | 29 | $159,981 | $2,422 | $27,267 |
| 2021 | $613,444 | $150,625 | $164,981 | $164,981 | 26 | $164,981 | $625 | $27,927 |
| 2020 | $627,800 | $155,834 | $164,978 | $164,978 | 29 | — | $5,834 | $28,555 |
| 2019 | $636,944 | $157,704 | $159,439 | $159,439 | 28 | — | $7,704 | $28,587 |
Under IRS private-foundation payout rules, Forum Credit Union Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s stated focus is expanding educational opportunities for students and educators. Its 2024 filing describes educational scholarships awarded to colleges and universities for 27 individuals and educational grants awarded to 13 Indiana schools.
The organizations receiving its 2024 grants include universities and colleges. For example, Butler University describes its mission as fostering an intellectually stimulating learning environment and preparing learners to lead meaningful lives. Wheaton College says it serves Jesus Christ through liberal arts and graduate education, while Belmont University describes itself as a Christ-centered academic community. These are the grantees’ stated missions, not the Foundation’s.
Grantmaking
In 2024, the Foundation reported 26 grants totaling $161,675. Grant amounts ranged from $450 to $30,000, with a median of $3,750. The largest listed awards were $30,000 each to Purdue University and Indiana University for higher education scholarships, followed by $20,000 to Ball State University for higher education scholarships. Other listed awards included $10,000 to Butler University and $5,000 each to Wheaton College, Southeastern University, Howard University, Belmont University, DePauw University, Rose-Hulman Institute of Technology, the University of Michigan, and the University of Cincinnati, all for higher education scholarships.
The Foundation’s public programs also include up to seven $5,000 collegiate scholarships annually, renewable for up to four years. One exceptional scholarship applicant may be eligible for the Jenny Budreau Commitment to Community Scholarship: $7,500 per year, renewable for four years. The Foundation also designates $30,000 annually for educator grants, with a maximum of $3,000 per educator. Those grants may cover direct classroom expenses.
Collegiate scholarship applicants must meet the Foundation’s stated requirements, including being 17–24, having a weighted cumulative GPA of at least 3.0, planning to study full-time in an undergraduate program, meeting the FORUM membership requirements, and being a U.S. citizen. Educator-grant applicants must be teachers or administrators at accredited K–12 schools in Marion, Hamilton, Johnson, Boone, Hendricks, or Hancock counties; additional membership or account-history requirements apply, as do a principal’s signed consent and U.S. citizenship. The Foundation directs applicants to its website for full restrictions and exclusions.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Charles A. Mattingly as Chairman; Jeffry Welch and Kristi Lowell as Treasurer and Secretary, respectively; Jenny Budreau as Secretary; Douglas True, Cameron Piercefield, JoDee Curtis, Michelle Baker, and Andrew Spirrison as Directors; and Donna Wilkinson as a Non-Voting Director.
Forum Credit Union Foundation Inc is led by Megan Carich, Executive Director on the 2024 filing; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Megan Carich
Executive Director
New on the 2024 filing
5 hrs/week
No compensation reported
Charles A Mattingly
Chairman
On filings since 2019
5 hrs/week
No compensation reported
Cameron Piercefield
Director
On filings since 2019
5 hrs/week
No compensation reported
Douglas True
Director
On filings since 2019
5 hrs/week
No compensation reported
JoDee Curtis
Director
On filings since 2023
5 hrs/week
No compensation reported
Andrew Spirrison
Director
New on the 2024 filing
5 hrs/week
No compensation reported
Donna Wilkinson
Non-Voting Director
New on the 2024 filing
5 hrs/week
No compensation reported
Michelle Baker
Director
New on the 2024 filing
5 hrs/week
No compensation reported
Jeffry Welch
Treasurer
On filings since 2019
5 hrs/week
No compensation reported
Jenny Budreau
Secretary
New on the 2024 filing
5 hrs/week
No compensation reported
Kristi Lowell
Secretary
New on the 2024 filing
5 hrs/week
No compensation reported
Former officers (4)
- Former: Jennifer Budreau (2019–2023) — Secretary
- Former: Kelly Wilson (2022–2023) — Director
- Former: Rick Rambo (2020–2022) — Director
- Former: Tracy Mills (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "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 Forum Credit Union Foundation Inc
How much does Forum Credit Union Foundation Inc give each year?
Forum Credit Union Foundation Inc gave $162K across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $165K across 29 grants.
What is Forum Credit Union Foundation Inc's typical grant size?
Forum Credit Union Foundation Inc's median grant in 2024 was $3,750, and its average grant was $6,218, across 26 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Forum Credit Union Foundation Inc that year got $3K on average.
Where does Forum Credit Union Foundation Inc give grants?
Forum Credit Union Foundation Inc gives mostly in Indiana: 78% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (3 grants) and Greenwood, IN (2 grants).
Does Forum Credit Union Foundation Inc give general operating support?
Not in 2024: none of the 26 grants with a stated purpose on Forum Credit Union Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Higher Education Scholarships" (13 grants) and "K-12 Classroom Education Grants" (13 grants).
Who are Forum Credit Union Foundation Inc's largest grantees?
Forum Credit Union Foundation Inc's largest 2024 grantees include Purdue University ($30,000), Indiana University ($30,000) and Ball State University ($20,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is Forum Credit Union Foundation Inc?
Forum Credit Union Foundation Inc reported $654K in total assets on its 2024 IRS Form 990-PF. It paid out $162K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What does Forum Credit Union Foundation Inc fund?
The Foundation’s stated focus is expanding educational opportunities for students and educators. Its 2024 filing describes educational scholarships awarded to colleges and universities for 27 individuals and educational grants awarded to 13 Indiana schools. See mission & focus areas ↑
How do I apply for a grant from Forum Credit Union Foundation Inc?
The Foundation says applications can be completed online. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Forum Credit Union Foundation Inc's EIN?
Forum Credit Union Foundation Inc's EIN (Employer Identification Number) is 46-3086648. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
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Cite this profile
Grantable. (2026). Forum Credit Union Foundation Inc funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/forum-credit-union-foundation-inc-morg_598f72dab37b41c597c66356b07c663f
BibTeX
@misc{grantable_463086648_2026,
author = {{Grantable}},
title = {{Forum Credit Union Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/forum-credit-union-foundation-inc-morg_598f72dab37b41c597c66356b07c663f},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Forum Credit Union Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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