Richard J Forrest Sr and Betty J Forrest Family Foundation

Private foundation · Grantmaker Carlsbad, NM EIN: 85-4166313

Richard J Forrest Sr and Betty J Forrest Family Foundation is a private foundation, based in Carlsbad, NM. IRS filing data is available from 2021 through 2023. In 2023, it awarded 4 grants totaling $1.3M. Net investment income was $11K.

Key facts about Richard J Forrest Sr and Betty J Forrest Family Foundation

In short: Richard J Forrest Sr and Betty J Forrest Family Foundation gave $1.3M across 4 grants in 2023 (avg $328K), mostly in Indiana. Source: 2023 IRS Form 990-PF.

EIN
85-4166313
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$1,311,183
Grants made (2023)
4
Average grant
$327,796
Median grant
$20,000
Primary geography
Indiana (95% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$1.3M

Grant Count

4

Avg Grant Size

$328K

Under IRS private-foundation payout rules, Richard J Forrest Sr and Betty J Forrest Family Foundation reported a distributable amount of $26K for 2023 — the minimum it must pay out in qualifying distributions.

How Richard J Forrest Sr and Betty J Forrest Family Foundation gives

  • In 2023 it paid out well above 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

3states

Share of 2023 grant dollars across all 4 itemized grants.

Cities

HobbsIndianapolisSacramento NMStaten Island

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M0 grants2021 0 grants2022 4 grants2023

In 2023 it made 4 grants totaling $1.3M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2023

Renaiissance Charitable Foundation: $1.3MRenaiissance CharitableFoundation$1.3MTunnel for Towers Foundation: $20KTunnel for Towers Foundation$20KOne Love Worldwide: $20KOne Love Worldwide$20KSacramento Camp: $20KSacramento Camp$20K

The largest 2023 recipient was Renaiissance Charitable Foundation ($1.3M). Together the top 4 received $1.3M.

Grant Size Distribution

4 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Renaiissance Charitable Foundation Indianapolis, INEdward Jones Charitable Gift Fund$1,251,183
Tunnel for Towers Foundation Staten Island, NYGeneral Fund$20,000
One Love Worldwide Hobbs, NMGeneral Fund$20,000
Sacramento Camp Sacramento NM, NMGeneral Fund$20,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023
Metric202320222021
Total Assets—$761,295—
Revenue$71,515$31,571—
Expenses$1,311,183$121—
Qualifying Distributions$1,311,183——
Net Investment Income$10,994$30,625—
Distributable Amount$26,435$57,867—

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2023

Leadership & Key People

Officers and directors from IRS filings

Richard J Forrest Sr and Betty J Forrest Family Foundation is led by Richard Forrest Sr., President & Treasurer on every filing since 2021; none of the 2 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Richard Forrest Sr.

    President & Treasurer

    On filings since 2021

    No compensation reported

  • Betty Forrest

    Secretary

    On filings since 2021

    No compensation reported

Data from IRS Form 990 filings, 2021–2023. "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 Richard J Forrest Sr and Betty J Forrest Family Foundation

How much does Richard J Forrest Sr and Betty J Forrest Family Foundation give each year?

Richard J Forrest Sr and Betty J Forrest Family Foundation gave $1.3M across 4 grants in 2023, according to its 2023 IRS Form 990-PF.

What is Richard J Forrest Sr and Betty J Forrest Family Foundation's typical grant size?

Richard J Forrest Sr and Betty J Forrest Family Foundation's median grant in 2023 was $20,000, and its average grant was $327,796, across 4 grants on its 2023 IRS Form 990-PF.

Where does Richard J Forrest Sr and Betty J Forrest Family Foundation give grants?

Richard J Forrest Sr and Betty J Forrest Family Foundation gives mostly in Indiana: 95% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.

Does Richard J Forrest Sr and Betty J Forrest Family Foundation give general operating support?

Yes: 75% of Richard J Forrest Sr and Betty J Forrest Family Foundation's 2023 grants with a stated purpose (3 of 4) were for general or operating support, per its 2023 IRS Form 990-PF.

How much is Richard J Forrest Sr and Betty J Forrest Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Richard J Forrest Sr and Betty J Forrest Family Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Richard J Forrest Sr and Betty J Forrest Family Foundation's EIN?

Richard J Forrest Sr and Betty J Forrest Family Foundation's EIN (Employer Identification Number) is 85-4166313. IRS Form 990 filing data is available on this page for 2021–2023.

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

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