The Forrest Family Foundation
The Forrest Family Foundation is a private foundation, 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.
The Forrest Family Foundation at a glance
In short: The Forrest Family Foundation gave $500 across 1 grant in 2024 (avg $500), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $500
- -99.5% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $500
- -98.5% vs 2023
- Median grant
- $500
- Total assets
- $1,241,154
- +3.8% vs 2023
- Primary geography
- New Mexico (100% 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 Forrest Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Carlsbad Transit Housing ($500).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 13 grants of 17 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $500 (2024) to $105K (2020). In 2024 it made 1 grant totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carlsbad Transit Housing Carlsbad, NM | General Fund | $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 | $1,241,154 | $63,040 | $16,565 | $500 | 1 | $500 | $38,557 | $85,778 |
| 2023 | $1,195,741 | $481,185 | $113,324 | $102,000 | 3 | $102,000 | $73,731 | $66,942 |
| 2022 | $828,594 | $65,728 | $62,047 | $51,000 | 2 | $51,000 | $47,588 | $99,103 |
| 2021 | $1,555,968 | $182,819 | $112,382 | $99,500 | 5 | $99,500 | $86,134 | $125,916 |
| 2020 | $1,486,161 | $134,024 | $116,506 | $105,000 | 6 | — | $44,330 | $107,529 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Forrest Family Foundation is led by Robert J. Forrest, President since 2022 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert J. Forrest
President
Vice President → President, 2022
On filings since 2020
No compensation reported
Barbara J. Forrest
Secretary
On filings since 2020
No compensation reported
Former officers (2)
- Former: Betty J. Forrest (2020–2021) — Treasurer
- Former: Richard J. Forrest (2020–2021) — President
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.
Frequently asked questions about The Forrest Family Foundation
How much does The Forrest Family Foundation give each year?
The Forrest Family Foundation gave $500 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $102K across 3 grants.
How large is The Forrest Family Foundation?
The Forrest Family Foundation reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $500 in qualifying distributions that year, against a required minimum of $86K (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.
Where does The Forrest Family Foundation operate?
The Forrest Family Foundation has awarded grants in New Mexico.
What is The Forrest Family Foundation's EIN?
The Forrest Family Foundation's EIN (Employer Identification Number) is 85-0456721. 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
Live grants for the work The Forrest Family Foundation funds
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