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
Under IRS private-foundation payout rules, The Forster Family Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Austin College ($500,000), Archbishop Carroll High School ($400,000), Catholic Extension ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN PRECISION MUSEUM WINDSOR, VT | CHARITABLE | $100,000 |
| ARCHBISHOP CARROLL HIGH SCHOOL WASHINGTON, DC | CHARITABLE | $400,000 |
| AUSTIN COLLEGE SHERMAN, TX | CHARITABLE | $500,000 |
| CATHOLIC EXTENSION CHICAGO, IL | CHARITABLE | $200,000 |
| COMMUNITIES IN SCHOOLS WASHINGTON, DC | CHARITABLE | $50,000 |
| ELIZABETH SETON HIGH SCHOOL BLADENSBURG, MD | CHARITABLE | $150,000 |
| EVERGREEN CHRISTIAN SCHOOL LEESBURG, VA | CHARITABLE | $75,000 |
| FAUQUIER COUNTY FOOD BANK WARRENTON, VA | CHARITABLE | $30,000 |
| IONA HOUSE WASHINGTON, DC | CHARITABLE | $75,000 |
| PRESBYTERIAN CHURCH OF JACKSON HOLE JACKSON, WY | CHARITABLE | $150,000 |
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
Frequently Asked Questions
What does The Forster Family Foundation fund?
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
How do I apply for a grant from The Forster Family Foundation?
**Grant Activity (2024)** The foundation made 25 grants in 2024. Notable recent grants include: • Austin College: $500,000 • Elizabeth Seton High School: $150,000 • American Precision Museum: $100,000 • Evergreen Christian School: $75,000 The foundation supports a range of charitable purposes including general charitable support, capital campaigns, and program-specific funding.
Where does The Forster Family Foundation make grants?
The foundation has demonstrated grantmaking activity across multiple states, with documented grants to organizations in Virginia, Texas, Ohio, and California.
What size grants does The Forster Family Foundation award?
In 2024, The Forster Family Foundation awarded 16 grants totaling $2.0M — an average of about $126K per grant, based on its IRS Form 990 filings.
How much is The Forster Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Forster Family Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Forster Family Foundation's EIN?
The Forster Family Foundation's EIN (Employer Identification Number) is 20-1512250. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Forster Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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