Richard J Forrest Sr and Betty J Forrest Family Foundation
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.
Richard J Forrest Sr and Betty J Forrest Family Foundation at a glance
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.
- 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)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Richard J Forrest Sr and Betty J Forrest Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
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
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 4 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Renaiissance Charitable Foundation Indianapolis, IN | Edward Jones Charitable Gift Fund | $1,251,183 |
| Tunnel for Towers Foundation Staten Island, NY | General Fund | $20,000 |
| One Love Worldwide Hobbs, NM | General Fund | $20,000 |
| Sacramento Camp Sacramento NM, NM | General Fund | $20,000 |
Ready to take the next step with Richard J Forrest Sr and Betty J Forrest Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $71,515 | $1,311,183 | $1,311,183 | 4 | $1,311,183 | $10,994 | $26,435 |
| 2022 | $761,295 | $31,571 | $121 | — | — | — | $30,625 | $57,867 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Live grants for the work Richard J Forrest Sr and Betty J Forrest Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Richard J Forrest Sr and Betty J Forrest Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New Mexico
JF Maddox Foundation
Hobbs, NM
The JF Maddox Foundation funds education, community development, and social services projects that benefit residents of Lea County, New Mexico, including work by public charities and government entities. Grants vary widely; its 2024 filing shows a median award of $5,000, and it accepts unsolicited requests through an online application.
Assets
$247.3M
Grants
159
Total Given
$4.2M
Dreamspring
Albuquerque, NM
DreamSpring primarily provides loans, training, and business support to underserved entrepreneurs and small businesses, rather than grants; recent filings report no grants, though a 2020 grant of $15,000 is recorded. It serves entrepreneurs in 27 states, and no typical grant size or process for unsolicited grant requests is stated.
Assets
$66.4M
Grants
356
Total Given
$4.8M
Santa Fe Community Foundation
Santa Fe, NM
The Santa Fe Community Foundation funds 501(c)(3) nonprofits working in health, education, economic opportunity, the environment, arts and culture, and other community priorities; its main focus is Mora, Rio Arriba, San Miguel, and Santa Fe counties, though some funds support work statewide. In 2024, grants ranged from $5,250 to $1,517,500, with a median of $16,006. It accepts proposals through competitive grant cycles and fund-specific opportunities; no grants were open at the time described.
Assets
$144.1M
Grants
302
Total Given
$12.4M
Albuquerque Community Foundation
Albuquerque, NM
The Albuquerque Community Foundation funds nonprofit work in health care, human services, arts and culture, education, environment and historic preservation, and economic and workforce development, serving Bernalillo, Sandoval, Torrance, and Valencia counties. Its 2024 grants had a median of $16,000 and ranged from $5,200 to $663,352; its annual grant cycle has a minimum award of $10,000.
Assets
$160.6M
Grants
245
Total Given
$6.9M
PNM TNMP Foundation
Albuquerque, NM
The PNM TNMP Foundation supports nonprofits working in education, environmental stewardship, and economic vitality, with grants also benefiting a range of community services. It funds organizations in New Mexico and Texas; 2024 grants ranged from $500 to $75,000, with a median grant of $5,000. Its website provides an application for the 2026 PNM Power Grant, but the profile does not explicitly state whether it accepts unsolicited requests.
Assets
$14.2M
Grants
169
Total Given
$1.3M
Thornburg Foundation
Santa Fe, NM
The Thornburg Foundation supports New Mexico nonprofits working on education, water, land and agriculture, good governance, federal funding, homelessness, and community needs. In 2024, grants ranged from $1,000 to $225,000, with a median of $25,000; most funding went to New Mexico. It does not accept unsolicited requests and funds preselected organizations.
Assets
$179.4M
Grants
144
Total Given
$6.4M
More similar funders
More Funders in New Mexico
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Richard J Forrest Sr and Betty J Forrest Family Foundation'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.
Richard J Forrest Sr and Betty J Forrest Family Foundation down — hundreds of funders to go?