The Forest Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 28 grants totaling $310K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+18.0% YoY
Annual Giving
$310K
+6.7% YoY
Grant Count
28
+21.7% YoY
Avg Grant Size
$11K
-12.4% YoY
Under IRS private-foundation payout rules, The Forest Fund Inc reported a distributable amount of $317K for 2024 — the minimum it must pay out in qualifying distributions.
About The Forest Fund Inc
Based on IRS filings
The Forest Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 28 grants totaling $310K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,521,641 | $4,678,164 | $4,470,612 |
| Revenue | $1,200,457 | $537,339 | $500,799 |
| Expenses | $356,980 | $329,787 | $353,730 |
| Qualifying Distributions | $313,361 | $294,000 | $308,900 |
| Net Investment Income | $1,163,207 | $507,227 | $470,035 |
| Distributable Amount | $316,542 | $283,901 | $295,121 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
116 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation of Western North Carolina Inc ($25,000), The Salvation Army ($25,000), Park Tudor Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASPEN HIGH SCHOOL ASPEN, CO | SKI & SNOWBOARD CLUB | $1,500 |
| COBURN PLACE SAFEHAVEN II INC INDIANAPOLIS, IN | OPERATIONS | $10,000 |
| COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC ASHEVILLE, NC | EMERGENCY AND DISASTER RESPONSE FUND - HURRICANE RELIEF | $25,000 |
| CULVER COMMUNITY CHRISTMAS BASKET INC CULVER, IN | OPERATIONS | $5,000 |
| DYSLEXIA INSTITUTE OF INDIANA INC INDIANAPOLIS, IN | OPERATIONS | $10,000 |
| ENGLISH IN ACTION BASALT, CO | OPERATIONS | $5,000 |
| FIRST PRINCIPLES FORUM INDIANAPOLIS, IN | OPERATIONS | $10,000 |
| GASTRO-INTESTINAL RESEARCH FOUNDATION INC HIGHLAND PARK, IL | OPERATIONS | $15,000 |
| GIRLS INC OF CHICAGO CHICAGO, IL | GENERAL OPERATIONS | $5,000 |
| GRIT & GRACE GIRLS ACWORTH, GA | OPERATIONS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WENDY KORTEPETER | PRESIDENT | 0.5 | — |
| WILLIAM KORTEPETER | VICE PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Forest Fund Inc?
The Forest Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $5.5M in total assets as of 2024.
How large is The Forest Fund Inc?
As of 2024, The Forest Fund Inc holds $5.5M in total assets with $1.2M in annual revenue. It awarded 28 grants totaling $310K in 2024.
Where does The Forest Fund Inc operate?
The Forest Fund Inc has awarded grants in Colorado, District of Columbia, Georgia, Illinois, Indiana, Minnesota, Missouri, North Carolina, New York, Pennsylvania, Texas.
What size grants does The Forest Fund Inc award?
In 2024, The Forest Fund Inc awarded 28 grants totaling $310K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Forest Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Forest Fund Inc reported a distributable amount of $317K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Forest Fund Inc's EIN?
The Forest Fund Inc's EIN (Employer Identification Number) is 26-3922724. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Forest Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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