The Florence Forgotson Charitable Foundation
The Florence Forgotson Charitable Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 8 grants totaling $28K. Net investment income was $151K.
The Florence Forgotson Charitable Foundation at a glance
In short: The Florence Forgotson Charitable Foundation gave $28K across 8 grants in 2024 (avg $3K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $27,500
- -61.3% vs 2023
- Grants made (2024)
- 8
- -46.7% vs 2023
- Average grant
- $3,438
- -27.4% vs 2023
- Median grant
- $2,000
- Total assets
- $3,878,258
- -0.4% vs 2023
- Primary geography
- New Jersey (76% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Florence Forgotson Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Emcc Educational Foundation ($10K). Together the top 8 received $28K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How The Florence Forgotson Charitable Foundation gives
- Giving fell 62% from 2021 to 2024. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
From 2020 to 2024, annual grant giving ranged from $28K (2024) to $73K (2021). In 2024 it made 8 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Emcc Educational Foundation Red Bank, NJ | General & Unrestricted | $10,000 |
| American Red Cross - Jersey Coast Chapter Tinton Falls, NJ | General & Unrestricted | $5,000 |
| Homes for Our Troops Inc Taunton, MA | General & Unrestricted | $5,000 |
| Red Bank Charter School Foundation Inc Red Bank, NJ | Charitable Event | $2,500 |
| Feeding America Chicago, IL | General & Unrestricted | $1,500 |
| Foodbank of Monmouth and Ocean Counties Inc Neptune, NJ | General & Unrestricted | $1,500 |
| Lunch Break Red Bank, NJ | General & Unrestricted | $1,500 |
| Monmouth Day Care Center Inc Red Bank, NJ | General & Unrestricted | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,878,258 | $187,366 | $204,526 | $27,500 | 8 | $171,171 | $151,372 | $175,460 |
| 2023 | $3,895,418 | $192,575 | $246,238 | $71,000 | 15 | $213,532 | $162,619 | $159,048 |
| 2022 | $3,949,081 | $161,863 | $211,833 | $38,750 | 10 | $180,776 | $150,159 | $163,743 |
| 2021 | $3,999,051 | $331,051 | $241,752 | $73,000 | 21 | $172,911 | $112,710 | $193,971 |
| 2020 | $3,909,752 | $149,099 | $247,681 | $70,250 | 17 | — | $143,058 | $173,373 |
Under IRS private-foundation payout rules, The Florence Forgotson Charitable Foundation reported a distributable amount of $175K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Florence Forgotson Charitable Foundation is led by Carol Ann Hinz, Director, President & Secretary on every filing since 2020; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carol Ann Hinz
Director, President & Secretary
On filings since 2020
25 hrs/week
$70K (2020) → $70K (2024)
Lynn Cole
Director & Vice President
On filings since 2020
25 hrs/week
$62K (2020) → $62K (2024)
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 $70K, to Carol Ann Hinz (Dir, Pres, Sec). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Florence Forgotson Charitable Foundation
How much does The Florence Forgotson Charitable Foundation give each year?
The Florence Forgotson Charitable Foundation gave $28K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $71K across 15 grants.
What is The Florence Forgotson Charitable Foundation's typical grant size?
The Florence Forgotson Charitable Foundation's median grant in 2024 was $2,000, and its average grant was $3,438, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Florence Forgotson Charitable Foundation give grants?
The Florence Forgotson Charitable Foundation gives mostly in New Jersey: 76% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (18%) and Illinois (5%). The most frequent recipient cities were Red Bank, NJ (4 grants).
Does The Florence Forgotson Charitable Foundation give general operating support?
Yes: 88% of The Florence Forgotson Charitable Foundation's 2024 grants with a stated purpose (7 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Florence Forgotson Charitable Foundation's largest grantees?
The Florence Forgotson Charitable Foundation's largest 2024 grantees include Emcc Educational Foundation ($10,000), American Red Cross - Jersey Coast Chapter ($5,000) and Homes for Our Troops Inc ($5,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is The Florence Forgotson Charitable Foundation?
The Florence Forgotson Charitable Foundation reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $171K in qualifying distributions that year, against a required minimum of $175K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Florence Forgotson Charitable Foundation's EIN?
The Florence Forgotson Charitable Foundation's EIN (Employer Identification Number) is 20-0857287. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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