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Forstrom Family Foundation is a private corporation based in SARASOTA, FL. The foundation received its IRS ruling in 2003. The principal officer is John Forstrom. It holds total assets of $1M. Annual income is reported at $247K. Total assets have grown from $42K in 2011 to $899K in 2023. The foundation is governed by 2 officers and trustees. Refer to section xv which lists all charitable organizations which have received grants and the use to which the funds were put to. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Forstrom Family Foundation has made 9 grants totaling $297K, with a median grant of $15K. Annual giving has grown from $32K in 2021 to $143K in 2023. Individual grants have ranged from $200 to $107K, with an average award of $33K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$15K
Average Grant
$41K
Largest Grant
$107K
Based on 3 grants from the most recent 990-PF filing.
Refer to section xv which lists all charitable organizations which have received grants and the use to which the funds were put to.
Refer to section xv which lists all charitable organizations which have received grants and the use to which the funds were put to. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MN.
Forstrom Family Foundation has distributed a total of $297K across 9 grants. The median grant size is $15K, with an average of $33K. Individual grants have ranged from $200 to $107K.
Restrictions relate to the geographical area of receipients.
Forstrom Family Foundation is headquartered in SARASOTA, FL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Norma Forstrom | PRESIDENT | $0 | $0 | N/A |
| John Forstrom | DIRECTOR | $0 | $0 | N/A |
Total Giving
$144K
Total Assets
$899K
Fair Market Value
$899K
Net Worth
$899K
Grants Paid
$143K
Contributions
$240K
Net Investment Income
$6K
Distribution Amount
$42K
Total Grants
9
Total Giving
$297K
Average Grant
$33K
Median Grant
$15K
Unique Recipients
3
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Immanuel Lutheran ChurchCASH | Clara City, MN | $77K | 2023 |
| Bethel Luthern ChurchCASH | Willmar, MN | $65K | 2023 |
| Fairview Cemetary AssociationCASH | Willmar, MN | $500 | 2023 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL