The Forster Family Foundation is a private foundation classified as a 501(c)(3) organization. Based on verified records, there are multiple foundations operating under similar names in different locations, with the primary entity located in Hume, Virginia (EIN 20-1512250).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.6M
-7.5% YoY
Annual Giving
$2.0M
-19.0% YoY
Grant Count
16
-23.8% YoY
Avg Grant Size
$126K
+6.3% YoY
Mission & Focus Areas
The foundation primarily funds charitable organizations across multiple sectors. Recent grantmaking demonstrates support for:
- Education (secondary and higher education institutions)
- Arts and culture
- Medical research and healthcare
- Community organizations
Grantmaking
The foundation made 25 grants in 2024. Notable recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation has demonstrated grantmaking activity across multiple states, with documented grants to organizations in Virginia, Texas, Ohio, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $16,633,632
- Total Revenues: $880,168
- Total Expenses: $2,122,907
- Number of Employees: 0
Revenue Composition (2024):
- Grants and contributions: $14,906
- Investment income and dividends: $605,570+ (partial figure shown)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,633,632 | $17,983,481 | $19,871,131 |
| Revenue | $880,168 | $667,491 | $488,900 |
| Expenses | $2,122,907 | $2,589,985 | $2,207,863 |
| Qualifying Distributions | $2,015,000 | $2,487,000 | $2,064,216 |
| Net Investment Income | $764,873 | $559,644 | $402,875 |
| Distributable Amount | $1,064,152 | $1,067,307 | $1,153,181 |
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
113 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Karen Okamura Rowe — Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER C FORSTER | PRESIDENT/TREASURER | 0.5 | — |
| ELIZABETH D FORSTER | VP/SECRETARY | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking, with 25 grants distributed in 2024 to educational institutions, cultural organizations, and charitable causes.
CFOS Foundation Approves Grants to 9 Nonprofit Organizations in 2024Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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OAKTON, VA
Assets
$385K
Grants
5
Total Given
$189K
Stone Ridge Foundation
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Assets
$6.4M
Grants
2
Total Given
$15K
Lawrence and Ira Straus Charitable Tr
ARLINGTON, VA
Assets
$236K
Grants
12
Total Given
$8K
Iraqi Children Foundation Inc
FAIRFAX, VA
Assets
$101K
Grants
2
Total Given
$610K
Mjh Foundation
VIRGINIA BEACH, VA
Assets
$46.5M
Grants
1
Total Given
$1.9M
The Roth Family Foundation
ARLINGTON, VA
Assets
$67K
Grants
1
Total Given
$25K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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