The Forrest Family Foundation

Foundation · Grantmaker Carlsbad, NM EIN: 85-0456721

The Forrest Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carlsbad, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 1 grant totaling $500. Net investment income was $39K.

Key facts about The Forrest Family Foundation

EIN: 85-0456721
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $500
Grants made (2024): 1
Average grant: $500
Median grant: $500
Total assets: $1,241,154
Primary geography: New Mexico (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Forrest Family Foundation gives

Giving fell 99% from 2021 to 2024. Method
In 2024 it paid out 1% 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.

Next steps with The Forrest Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+3.8% YoY

Annual Giving

$500

-99.5% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$500

-98.5% YoY

Under IRS private-foundation payout rules, The Forrest Family Foundation reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.

About The Forrest Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Mexico $500 (100%)

Share of all 1 itemized 2024 grant dollars.

States

New Mexico

Cities

CarlsbadSacremento

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,241,154	$1,195,741	$828,594
Revenue	$63,040	$481,185	$65,728
Expenses	$16,565	$113,324	$62,047
Qualifying Distributions	$500	$102,000	$51,000
Net Investment Income	$38,557	$73,731	$47,588
Distributable Amount	$85,778	$66,942	$99,103

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 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 recipients include Carlsbad Transit Housing ($500).

Recipient	Purpose	Amount
CARLSBAD TRANSIT HOUSING Carlsbad, NM	GENERAL FUND	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Robert J Forrest	President	—	—
Barbara J Forrest	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Forrest Family Foundation?

The Forrest Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carlsbad, NM. It holds $1.2M in total assets as of 2024.

How large is The Forrest Family Foundation?

As of 2024, The Forrest Family Foundation holds $1.2M in total assets with $63K in annual revenue. It awarded 1 grant totaling $500 in 2024.

Where does The Forrest Family Foundation operate?

The Forrest Family Foundation has awarded grants in New Mexico.

What size grants does The Forrest Family Foundation award?

In 2024, The Forrest Family Foundation awarded 1 grant totaling $500 — an average of about $500 per grant, based on its IRS Form 990 filings.

How much is The Forrest Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Forrest Family Foundation reported a distributable amount of $86K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.