Richard J Forrest Sr and Betty J

CARLSBAD, NM EIN: 85-4166313

Richard J Forrest Sr and Betty J is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.3M

Grant Count

Avg Grant Size

$328K

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

About Richard J Forrest Sr and Betty J

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Richard J Forrest Sr and Betty J?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $1.3M (95%)

New Mexico $40K (3%)

New York $20K (2%)

States

Indiana New Mexico New York

Cities

HobbsIndianapolisSacramento NmStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
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	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Renaiissance Charitable Foundation ($1,251,183), Tunnel for Towers Foundation ($20,000), One Love Worldwide ($20,000).

Recipient	Purpose	Amount
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
RENAIISSANCE CHARITABLE FOUNDATION INDIANAPOLIS, IN	EDWARD JONES CHARITABLE GIFT FUND	$1,251,183

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
RICHARD FORREST	PRES/TREAS	—	—
BETTY FORREST	SECRETARY	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Richard J Forrest Sr and Betty J?

Richard J Forrest Sr and Betty J is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARLSBAD, NM. It holds — in total assets as of 2023.

Where does Richard J Forrest Sr and Betty J operate?

Richard J Forrest Sr and Betty J has awarded grants in Indiana, New Mexico, New York.

What size grants does Richard J Forrest Sr and Betty J award?

In 2023, Richard J Forrest Sr and Betty J awarded 4 grants totaling $1.3M — an average of about $328K per grant, based on its IRS Form 990 filings.

How much is Richard J Forrest Sr and Betty J 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 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's EIN?

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