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.
Independent Order of Foresters at a glance
In short: Independent Order of Foresters gave $3.1M across 5 grants in 2024 (avg $618K), top state District of Columbia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $3,088,604
- +16.9% vs 2023
- Grants made (2024)
- 5
- -16.7% vs 2023
- Average grant
- $617,721
- +40.3% vs 2023
- Median grant
- $242,708
- Total assets
- $5,193,474,694
- +0.6% vs 2023
- Primary geography
- District of Columbia (11% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Independent Order of Foresters funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was US Branch Network ($2.4M). Together the top 5 received $3.1M.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 14 grants of 27 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Independent Order of Foresters gives
- Giving grew 116% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.4M (2021) to $3.1M (2024). In 2024 it made 5 grants totaling $3.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Branch Network | — | $2,417,409 |
| KaBOOM Washington, DC | — | $332,987 |
| Member Engagement | — | $242,708 |
| Marjaree Mason Center Fresno, CA | — | $50,000 |
| US Hunger Longwood, FL | — | $45,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,193,474,694 | $835,751,204 | $762,172,580 | $3,088,604 | 5 | $101,181,194 |
| 2023 | $5,161,949,709 | $928,907,905 | $814,587,687 | $2,642,101 | 6 | $342,090,094 |
| 2022 | $5,126,809,799 | $843,418,120 | $756,949,204 | $2,218,487 | 9 | $-809,198,494 |
| 2021 | $6,129,337,660 | $713,057,039 | $849,705,626 | $1,432,926 | 4 | $49,384,124 |
| 2020 | $6,051,431,042 | $1,130,456,950 | $1,101,104,734 | $2,063,520 | 3 | $503,167,350 |
About Independent Order of Foresters
Based on IRS filings
Independent Order of Foresters is a public charity. 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.
Leadership & Key People
Officers and directors from IRS filings
Independent Order of Foresters is led by Matthew Berman, President & Chief Executive Officer since 2024 (on filings since 2020); all 50 officers listed in 2024 are compensated.
Officers on the 2024 filing
Matthew Berman
President & Chief Executive Officer
President & Foresters Us → President, Foresters Us & Canada, 2023
President, Foresters Us & Canada → President & Chief Executive Officer, 2024
On filings since 2020
50 hrs/week
$867K (2020) → $1M (2024)
Daniel J Fortin
Director
On filings since 2020
5 hrs/week
$136K (2020) → $308K (2024)
Katherine A Bardswick
Director
On filings since 2020
5 hrs/week
$146K (2020) → $155K (2024)
Michael Lombardi
Director
On filings since 2020
5 hrs/week
$140K (2020) → $135K (2024)
Michael P Stramaglia
Director
On filings since 2020
5 hrs/week
$160K (2020) → $135K (2024)
Richard P Hennick
Director
On filings since 2020
5 hrs/week
$137K (2020) → $215K (2024)
Robert W Wight
Director
On filings since 2020
5 hrs/week
$133K (2020) → $125K (2024)
Sonia Baxendale
Director
On filings since 2020
5 hrs/week
$161K (2020) → $155K (2024)
Wendy A Watson
Director
On filings since 2020
5 hrs/week
$161K (2020) → $136K (2024)
Cindy Worley
Director
On filings since 2021
5 hrs/week
$60K (2021) → $136K (2024)
Gino Scapillati
Director
On filings since 2021
5 hrs/week
$62K (2021) → $143K (2024)
Janice Madon
Director
On filings since 2021
5 hrs/week
$61K (2021) → $153K (2024)
Linda Watters
Director
On filings since 2021
5 hrs/week
$62K (2021) → $184K (2024)
Shelly Herman
Director
On filings since 2021
5 hrs/week
$60K (2021) → $126K (2024)
Michael Edge
Director
New on the 2024 filing
50 hrs/week
$136K (2024)
Alvin Sharma
Global Chief Financial Officer
Global Chief Financial Officer → Global Chief Financial Officer & Chief Actuary, 2023
Global Chief Financial Officer & Chief Actuary → Global Chief Financial Officer, 2024
On filings since 2020
50 hrs/week
$776K (2020) → $778K (2024)
Charles Morrison
Assistant Vice President & Us Sales
On filings since 2020
50 hrs/week
$337K (2020) → $284K (2024)
Clark Wagner
Chief Investment Officer
Vice President & Chief Investment Officer → Investment Professional, 2022
Investment Professional → Chief Investment Officer, 2023
On filings since 2020
50 hrs/week
$620K (2020) → $413K (2024)
Douglas Parrott
Assistant Vice President & Chief Underwriter-North America
Assistant Vice President & Chief Underwriter N.a. → Assistant Vice President & Chief Underwriter-North America, 2022
On filings since 2020
50 hrs/week
$246K (2020) → $273K (2024)
Kelly Steinmetz
Assistant Vice President & Us Sales
On filings since 2020
50 hrs/week
$337K (2020) → $290K (2024)
Mark Rush
Chief Distribution Officer & Us Sales
Head, Growth Bga & Imo → Chief Distribution Officer & Us Sales, 2021
On filings since 2020
50 hrs/week
$440K (2020) → $512K (2024)
Mehul Kapadia
Global Chief Information & Operations Officer
Global Chief Information Officer → Senior Vice President & Global Chief Information Officer, 2023
Senior Vice President & Global Chief Information Officer → Global Chief Information & Operations Officer, 2024
On filings since 2020
50 hrs/week
$571K (2020) → $698K (2024)
Parker Brown
General Counsel, Vice President & Data Governance
General Counsel & Legal Services → General Counsel, Vice President, Vendor Management & Data Governance, 2023
General Counsel, Vice President, Vendor Management & Data Governance → General Counsel, Vice President & Data Governance, 2024
On filings since 2020
50 hrs/week
$322K (2020) → $356K (2024)
Patricia Colavita
Senior Vice President & Chief Internal Auditor
On filings since 2020
50 hrs/week
$295K (2020) → $352K (2024)
Rene Zanin
Chief Legal, Administrative & Membership Officer
Global Chief Legal Officer, Chief Compliance Officer & Corporate Secretary → Interim President & Chief Executive Officer, 2023
Interim President & Chief Executive Officer → Chief Legal, Administrative & Membership Officer, 2024
On filings since 2020
50 hrs/week
$707K (2020) → $829K (2024)
Trudy Engel
Vice President & Appointed Actuary
Vice President & Chief Valuation Actuary → Vice President & Appointed Actuary, 2023
On filings since 2020
50 hrs/week
$314K (2020) → $367K (2024)
Bruce Burak
Assistant Vice President & Us Sales
On filings since 2021
50 hrs/week
$391K (2021) → $277K (2024)
Caroline Rendall
Chief Risk Officer
Vice President & Risk → Chief Risk Officer, 2023
On filings since 2021
50 hrs/week
$308K (2021) → $342K (2024)
David Sullivan
Assistant Vice President, Claims, Compensation & Contracting
On filings since 2022
50 hrs/week
$236K (2022) → $252K (2024)
Gerry Salvatore
Assistant Vice President, Sales Operations & Business Development
On filings since 2022
50 hrs/week
$195K (2022) → $196K (2024)
Ian Collins
Chief Compliance, Privacy Officer & Associate General Counsel
Assistant Vice President, North American Market Conduct Compliance & Senior Legal Counsel → Chief Compliance Officer, Chief Privacy Officer & Chief Anti-Money Laundering Officer, 2023
Chief Compliance Officer, Chief Privacy Officer & Chief Anti-Money Laundering Officer → Chief Compliance, Privacy Officer & Associate General Counsel, 2024
On filings since 2022
50 hrs/week
$179K (2022) → $227K (2024)
Jeremy Wing
Vice President, Pricing & Advanced Analytics
Assistant Vice President & Product Actuarial → Vice President, Pricing & Advanced Analytics, 2023
On filings since 2022
50 hrs/week
$177K (2022) → $223K (2024)
JS Ledoux
Assistant Vice President & Product Management
On filings since 2022
50 hrs/week
$217K (2022) → $219K (2024)
Julia Fantilli
Vice President, Us Customer Service & New Business
On filings since 2022
50 hrs/week
$209K (2022) → $268K (2024)
Kris Sarkissian
Assistant Vice President & It Operations
On filings since 2022
50 hrs/week
$175K (2022) → $175K (2024)
Meghan Seybold
Vice President, People & Culture
Vice President, Talent Management & Business Partners → Vice President, People & Culture, 2024
On filings since 2022
50 hrs/week
$232K (2022) → $285K (2024)
Nagesh Chawla
Vice President, Enterprise Technology & Cybersecurity
Assistant Vice President, Enterprise Architecture & Information Security → Vice President, Enterprise Technology & Cybersecurity, 2023
On filings since 2022
50 hrs/week
$183K (2022) → $208K (2024)
Sujeether Kumareswaran
Vice President, Capital, Business Planning & Strategy
Vice President, Actuarial Transformation & Ifrs17 → Vice President, Capital, Business Planning & Strategy, 2023
On filings since 2022
50 hrs/week
$312K (2022) → $348K (2024)
Terence Chan
Vice President & Finance
On filings since 2022
50 hrs/week
$178K (2022) → $243K (2024)
Vivian Yip
Assistant Vice President & Financial Risk Management
Assistant Vice President & Business Planning → Assistant Vice President & Financial Risk Management, 2024
On filings since 2022
50 hrs/week
$177K (2022) → $180K (2024)
Wendy Mao
Assistant Vice President & Us Reporting
On filings since 2022
50 hrs/week
$182K (2022) → $182K (2024)
Balina Bawa
Vice President, Global Tax Compliance & Planning
On filings since 2023
50 hrs/week
$226K (2023) → $266K (2024)
Kelly Shum
Assistant Vice President & Financial Management Operations
On filings since 2023
50 hrs/week
$169K (2023) → $176K (2024)
Zol Mellary
Assistant Vice President & Project Management Officer
On filings since 2023
50 hrs/week
$164K (2023) → $170K (2024)
Aziz Rguigue
Vice President
New on the 2024 filing
50 hrs/week
$164K (2024)
Cindy Wang
Interim Executive Head & Can Op
New on the 2024 filing
50 hrs/week
$308K (2024)
Nadine Kuhlkamp
Vice President, Marketing & Communications
New on the 2024 filing
50 hrs/week
$173K (2024)
Noel Mak
Vice President
New on the 2024 filing
50 hrs/week
$168K (2024)
Terry Chan
Assistant Vice President, Business Planning & Alm
New on the 2024 filing
50 hrs/week
$163K (2024)
Valerie Howes
Chief Aml Officer, Special Investigations & Consumer Complaints
New on the 2024 filing
50 hrs/week
$162K (2024)
Former officers (27)
- Former: Guarav Upadhya (2020–2023) — Global Chief Actuary & Chief Risk Officer
- Former: Jon Stephen McDonald (2020–2023) — Vice President & Special Projects
- Former: Marcia Mendes-d'Abreu (2020–2023) — Chief Human Resources Officer
- Former: Louis Gagnon (2021–2023) — President & Chief Executive Officer
- Former: Ken Adams (2022–2023) — Vice President & Total Rewards
- Former: Chris Sehnke (2023) — Assistant Vice President, Business Intelligence & Analytics
- Former: Colette Atkinson (2023) — Assistant Vice President, Policy & Capital Management
- Former: Dan Drimmie (2023) — Assistant Vice President & Project Management
- Former: Fatima Smart (2023) — Assistant Vice President & Hr Operations
- Former: Henry Auyeung (2023) — President & Canadian Division
- Former: Shelley Wilson (2023) — Corporate Secretary
- Former: Sonal Vyas (2023) — Assistant Vice President & Finance Transformation
- Former: Christopher Stranahan (2020–2022) — Director
- Former: David Longfritz (2020–2022) — Chief Global Marketing Officer
- Former: Frank N Carrington Lochan (2020–2022) — Director
- Former: James M Bowden (2020–2022) — Director
- Former: James R Boyle (2020–2022) — CEO Advisor
- Former: Martha E Marcon (2020–2022) — Director
- Former: Nicole Gourley (2020–2022) — Former Global Chief Membership & Marketing Officer
- Former: Pratibha Canaran (2020–2022) — Vice President, Global Tax & Financial Initiatives
- Former: Robert Lamoureux (2020–2022) — Director
- Former: Christine Tessier (2021–2022) — Chief Investment Officer
- Former: Baltej Gill (2022) — Assistant Vice President & Member Experience
- Former: Lou Gatto (2022) — Assistant Vice President, Procurement & Vendor Management
- Former: Mikhail Groysman (2022) — Assistant Vice President, Financial Reporting & Research
- Former: Dianne Fox (2020–2021) — Chief Operating Officer & Nalia
- Former: Peter Boyko (2020) — Vice President & Capital Management
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.0M, to Matthew Berman (President and Chief Executive Officer). 50 officers or directors reported compensation on that filing.
Frequently asked questions about Independent Order of Foresters
How much does Independent Order of Foresters give each year?
Independent Order of Foresters gave $3.1M across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.6M across 6 grants.
What is Independent Order of Foresters's typical grant size?
Independent Order of Foresters's median grant in 2024 was $242,708, and its average grant was $617,721, across 5 grants on its 2024 IRS Form 990.
Where does Independent Order of Foresters give grants?
Independent Order of Foresters's top state is District of Columbia, with 11% of the grant dollars itemized on its 2024 IRS Form 990.
Who are Independent Order of Foresters's largest grantees?
Independent Order of Foresters's largest 2024 grantees include US Branch Network ($2,417,409), KaBOOM ($332,987) and Member Engagement ($242,708), according to its 2024 IRS Form 990. Together they received 97% of its itemized 2024 grant dollars.
How large is Independent Order of Foresters?
Independent Order of Foresters reported $5.2B in total assets on its 2024 IRS Form 990. Its revenue that year was $835.8M.
What is Independent Order of Foresters's EIN?
Independent Order of Foresters's EIN (Employer Identification Number) is 98-0000680. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2020–2024
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Independent Order of Foresters down — hundreds of funders to go?