Independent Order of Foresters
Foresters Common Bond informs its purpose is to champion the well-being of its members, their families and communities where they live, which it does through quality life insurance, unique member benefits, and inspiring community activities. Foresters is governed by its members.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2B
+0.6% YoY
Annual Giving
$3.1M
+16.9% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$618K
+40.3% YoY
About Independent Order of Foresters
Based on IRS filings
Independent Order of Foresters is a nonprofit organization. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2B in total assets. In 2024, it awarded 5 grants totaling $3.1M. Net investment income was $101.2M.
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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 | $5,193,474,694 | $5,161,949,709 | $5,126,809,799 |
| Revenue | $835,751,204 | $928,907,905 | $843,418,120 |
| Expenses | $762,172,580 | $814,587,687 | $756,949,204 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $101,181,194 | $342,090,094 | $-809,198,494 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Matthew Berman | President and Chief Executive Officer | 50 | $1,029,578 |
| Rene Zanin | Chief Legal, Administrative & Membership Officer | 50 | $829,308 |
| Alvin Sharma | Global Chief Financial Officer | 50 | $777,677 |
| Mehul Kapadia | Global Chief Information and Operations Officer | 50 | $697,502 |
| Mark Rush | Chief Distribution Officer, US Sales | 50 | $511,780 |
| Clark Wagner | Chief Investment Officer | 50 | $412,500 |
| Trudy Engel | Vice President and Appointed Actuary | 50 | $366,563 |
| Parker Brown | General Counsel & Vice President, Data Governance | 50 | $356,401 |
| Patricia Colavita | SVP and Chief Internal Auditor | 50 | $351,895 |
| Sujeether Kumareswaran | Vice President, Capital, Business Planning and Strategy | 50 | $347,757 |
| Caroline Rendall | Chief Risk Officer | 50 | $342,280 |
| Daniel Fortin | Director | 5 | $307,777 |
| Cindy Wang | Interim Executive Head, Can Op | 50 | $307,549 |
| Kelly Steinmetz | AVP, US Sales | 50 | $289,878 |
| Meghan Seybold | VP, People & Culture | 50 | $284,890 |
| Charles Morrison | AVP, US Sales | 50 | $284,294 |
| Bruce Burak | AVP, US Sales | 50 | $276,833 |
| Douglas Parrott | Assistant Vice President, Chief Underwriter-North America | 50 | $272,815 |
| Julia Fantilli | VP, US Customer service and New Business | 50 | $267,687 |
| Balina Bawa | Vice President, Global Tax Compliance and Planning | 50 | $266,474 |
| David Sullivan | AVP, Claims, Compensation and Contracting | 50 | $251,601 |
| Terence Chan | Vice President, Finance | 50 | $242,567 |
| Ian Collins | Chief Compliance & Privacy Officer and Associate General Counsel | 50 | $227,043 |
| Jeremy Wing | Vice President, Pricing and Advanced Analytics | 50 | $222,625 |
| JS Ledoux | Assistant Vice President, Product Management | 50 | $219,466 |
| Richard Hennick | Director | 5 | $215,000 |
| Nagesh Chawla | Vice President, Enterprise Technology and Cybersecurity | 50 | $207,635 |
| Gerry Salvatore | Assistant Vice President, Sales Operations & Business Development | 50 | $195,727 |
| Linda Watters | Director | 5 | $184,400 |
| Wendy Mao | Assistant Vice President, US Reporting | 50 | $181,795 |
| Vivian Yip | Assistant Vice President, Financial Risk Management | 50 | $179,852 |
| Kelly Shum | AVP, Financial Management Operations | 50 | $176,016 |
| Kris Sarkissian | AVP, IT Operations | 50 | $175,201 |
| Nadine Kuhlkamp | VP, Marketing & Communications | 50 | $173,344 |
| Zol Mellary | AVP, Project Management Office | 50 | $170,155 |
| Noel Mak | Vice President | 50 | $168,277 |
| Aziz Rguigue | Vice President | 50 | $164,430 |
| Terry Chan | AVP, Business Planning and ALM | 50 | $162,642 |
| Valerie Howes | Chief AML Officer, Special Investigations & Consumer Complaints | 50 | $161,852 |
| Katherine Bardswick | Director | 5 | $155,273 |
| Sonia Baxendale | Director | 5 | $155,261 |
| Janice Madon | Director | 5 | $153,293 |
| Gino Scapillati | Director | 5 | $143,359 |
| Wendy Watson | Director | 5 | $136,400 |
| Cindy Worley | Director | 5 | $136,400 |
| Michael Edge | Director | 50 | $136,400 |
| Michael Lombardi | Director | 5 | $135,416 |
| Michael Stramaglia | Director | 5 | $135,416 |
| Shelly Herman | Director | 5 | $126,400 |
| Robert Wight | Director | 5 | $125,493 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Independent Order of Foresters on Grantable?
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