Stephen & Karla Forgiel Charitable

WALTHAM, MA EIN: 46-4911066

Stephen & Karla Forgiel Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALTHAM, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $624K in total assets. In 2024, it awarded 5 grants totaling $50K. Net investment income was $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$624K

-3.5% YoY

Annual Giving

$50K

+5.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

+5.3% YoY

Under IRS private-foundation payout rules, Stephen & Karla Forgiel Charitable reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About Stephen & Karla Forgiel Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $144K (78%)

Maryland $40K (22%)

States

Massachusetts Maryland

Cities

BostonRockvilleSharonTauntonWorcester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$623,726	$646,656	$694,855
Revenue	$10,093	$46,928	$62,092
Expenses	$59,971	$58,834	$39,733
Qualifying Distributions	$53,244	$50,106	$32,490
Net Investment Income	$22,559	$22,856	$54,849
Distributable Amount	$32,533	$32,537	$34,286

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

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Fisher House Foundation Inc ($10,000), NAMI of Massachusetts ($10,000), Homes For Our Troops Inc ($10,000).

Recipient	Purpose	Amount
Fisher House Foundation Inc Rockville, MD	Support Military Veterans	$10,000
NAMI of Massachusetts Boston, MA	Mental Illness Services.	$10,000
Homes For Our Troops Inc Taunton, MA	Housing for veterans.	$10,000
Project New Hope Inc Worcester, MA	Support Military Veterans	$10,000
Mohawks Corp Sharon, MA	Support Military Veterans	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
William F Brooks Esq	Trustee	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Stephen & Karla Forgiel Charitable?

Stephen & Karla Forgiel Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALTHAM, MA. It holds $624K in total assets as of 2024.

How large is Stephen & Karla Forgiel Charitable?

As of 2024, Stephen & Karla Forgiel Charitable holds $624K in total assets with $10K in annual revenue. It awarded 5 grants totaling $50K in 2024.

Where does Stephen & Karla Forgiel Charitable operate?

Stephen & Karla Forgiel Charitable has awarded grants in Massachusetts, Maryland.

What size grants does Stephen & Karla Forgiel Charitable award?

In 2024, Stephen & Karla Forgiel Charitable awarded 5 grants totaling $50K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Stephen & Karla Forgiel Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephen & Karla Forgiel Charitable reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Stephen & Karla Forgiel Charitable's EIN?

Stephen & Karla Forgiel Charitable's EIN (Employer Identification Number) is 46-4911066. IRS Form 990 filing data is available on this page for 2020–2024.