Tracy Forrest Foundation Inc
Tracy Forrest Foundation Inc is a private foundation, based in Sanford, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 5 grants totaling $6K.
Tracy Forrest Foundation Inc at a glance
In short: Tracy Forrest Foundation Inc gave $6K across 5 grants in 2025 (avg $1K), top state Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,409
- -86.9% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $1,282
- -84.3% vs 2024
- Median grant
- $1,100
- Total assets
- $3,547,332
- +36137.9% vs 2024
- Primary geography
- Maine (27% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Tracy Forrest Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Wreaths Across America ($2K). Together the top 5 received $6K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Tracy Forrest Foundation Inc gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out 153% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $2K (2021) to $141K (2019). In 2025 it made 5 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wreaths Across America Columbia Falls, ME | Program Support | $1,700 |
| Alzheimers Research Association St Clair Shores, MI | Program Support | $1,546 |
| Alaska Sealife Center Seward, AK | Program Support | $1,100 |
| Head for the Cure Foundation Kansas City, MO | Program Support | $1,063 |
| Core Foundation Chicago, IL | Program Support | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,547,332 | $16,340,478 | $4,372,824 | $6,409 | 5 | $251,896 | — | $164,550 |
| 2024 | $9,789 | $251,351 | $312,835 | $48,894 | 6 | $75,904 | — | $4,339 |
| 2023 | $71,273 | $102,962 | $285,271 | $17,200 | 6 | $28,249 | $9 | $9,032 |
| 2022 | $253,582 | $537,778 | $288,770 | $13,500 | 3 | $18,387 | — | $1,853 |
| 2021 | $4,574 | $25,002 | $28,417 | $1,500 | 1 | $1,500 | $2 | $169 |
| 2020 | $7,989 | $44,360 | $46,816 | $20,500 | 2 | — | $110 | $427 |
| 2019 | $10,445 | $176,481 | $167,946 | $140,997 | 10 | — | $81 | $278 |
Under IRS private-foundation payout rules, Tracy Forrest Foundation Inc reported a distributable amount of $165K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Tracy Forrest Foundation Inc is led by Carol Rae Lovenbury, President since 2021 (on filings since 2019); all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Carol Rae Lovenbury
President
Vice President → President, 2021
On filings since 2019
1 hr/week
$23K (2019) → $98K (2025)
Hilary Kaiser
Director
On filings since 2024
1 hr/week
$54K (2024) → $41K (2025)
Lisa Harris
Treasurer & Secretary
Secretary → Treasurer & Secretary, 2024
On filings since 2021
1 hr/week
$98K (2022) → $92K (2025)
Former officers (2)
- Former: Russell Goldberg (2019–2023) — Treasurer
- Former: Tracy S. Forrest (2019–2020) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $98K, to Carol RAE Lovenbury (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Tracy Forrest Foundation Inc
How much does Tracy Forrest Foundation Inc give each year?
Tracy Forrest Foundation Inc gave $6K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 6 grants.
What is Tracy Forrest Foundation Inc's typical grant size?
Tracy Forrest Foundation Inc's median grant in 2025 was $1,100, and its average grant was $1,282, across 5 grants on its 2025 IRS Form 990-PF.
Where does Tracy Forrest Foundation Inc give grants?
Tracy Forrest Foundation Inc's top state is Maine, with 27% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Michigan (24%) and Alaska (17%).
Does Tracy Forrest Foundation Inc give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Tracy Forrest Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (5 grants).
Who are Tracy Forrest Foundation Inc's largest grantees?
Tracy Forrest Foundation Inc's largest 2025 grantees include Wreaths Across America ($1,700), Alzheimers Research Association ($1,546) and Alaska Sealife Center ($1,100), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is Tracy Forrest Foundation Inc?
Tracy Forrest Foundation Inc reported $3.5M in total assets on its 2025 IRS Form 990-PF. It paid out $252K in qualifying distributions that year, against a required minimum of $165K (roughly 5% of its investment assets).
What is Tracy Forrest Foundation Inc's EIN?
Tracy Forrest Foundation Inc's EIN (Employer Identification Number) is 26-3934858. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Tracy Forrest Foundation Inc funds
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