George C Forsythe Family

APOLLO BEACH, FL EIN: 59-3087638

George C Forsythe Family is a private foundation, based in APOLLO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 7 grants totaling $547K. Net investment income was $456K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-8.3% YoY

Annual Giving

$547K

+1129.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$78K

+1129.2% YoY

Under IRS private-foundation payout rules, George C Forsythe Family reported a distributable amount of $247K for 2024 — the minimum it must pay out in qualifying distributions.

About George C Forsythe Family

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $700K (76%)

Florida $214K (23%)

Texas $5K (1%)

States

Florida North Carolina Texas

Cities

CashiersHoustonJacksonvilleLakelandRiverviewSebringTampa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,195,388	$1,303,829	$1,249,348
Revenue	$466,852	$128,115	$192,847
Expenses	$575,297	$73,634	$251,247
Qualifying Distributions	$557,871	$56,912	$240,298
Net Investment Income	$456,184	$116,608	$182,048
Distributable Amount	$246,572	$234,025	$226,332

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boys & Girls Club of the Plateau ($500,000), Tampa Metropolitan Youth Orchestra ($12,000), Viste ($10,000).

Recipient	Purpose	Amount
BOYS & GIRLS CLUB OF THE PLATEAU CASHIERS, NC	IN SUPPORT OF OPERATIONS TO BENEFIT YOUTH EDUCATION AND AFTER SCHOOL PROGRAMS	$500,000
TAMPA METROPOLITAN YOUTH ORCHESTRA TAMPA, FL	OPERATIONAL SUPPORT FOR YOUTH MUSICIAN EDUCATION AND PERFORMANCE	$12,000
VISTE LAKELAND, FL	IN SUPPORT OF PROGRAMS THAT ENABLE ELDERLY CLIENTS TO CONTINUE LIVING INDEPENDENTLY	$10,000
ACHIEVEMENT ACADEMY LAKELAND, FL	SUPPORT OF SPECIAL NEEDS CHARTER SCHOOL OPERATIONS	$7,500
MORE HEALTH TAMPA, FL	TO SUPPORT PROGRAMS TRAINING INSTRUCTORS TO DELIVER HEALTH EDUCATION TO STUDENTS	$7,500
HIGHLANDS YOUTH THEATER PROGRAM SEBRING, FL	TO SUPPORT THEATER EDUCATIONAL ACTIVITIES FOR YOUTH	$5,000
POLK MUSEUM OF ART LAKELAND, FL	TO SUPPORT ARTS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHN T HEBERT	EXECUTIVE DIRECTOR	25	$10,167
WILLIAM E GREGORY	PRESIDENT	5	—
MELODY A GREGORY	VICE PRESIDENT/SECRETARY	1	—
JANICE T JONES	TREASURER	1	—
K MAC BRACEWELL JR	DIRECTOR	1	—
ERIN PHILLIPS	DIRECTOR	1	—

Frequently Asked Questions

How large is George C Forsythe Family?

As of 2024, George C Forsythe Family holds $1.2M in total assets with $467K in annual revenue. It awarded 7 grants totaling $547K in 2024.

Where does George C Forsythe Family operate?

George C Forsythe Family has awarded grants in Florida, North Carolina, Texas.

What size grants does George C Forsythe Family award?

In 2024, George C Forsythe Family awarded 7 grants totaling $547K — an average of about $78K per grant, based on its IRS Form 990 filings.

How much is George C Forsythe Family required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George C Forsythe Family reported a distributable amount of $247K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.