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Also known as: FOUNDATION INC
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Forszt Brothers Charitable Foundation Inc. is a private corporation based in VALPARAISO, IN. The foundation received its IRS ruling in 2023. The principal officer is Mark Forszt. It holds total assets of $2.9M. Annual income is reported at $1.3M. Total assets have grown from $996K in 2022 to $1.9M in 2023. The foundation is governed by 8 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Forszt Brothers Charitable Foundation Inc. has made 20 grants totaling $120K, with a median grant of $5K. Annual giving has grown from $5K in 2022 to $115K in 2023. Individual grants have ranged from $5K to $20K, with an average award of $6K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Indiana, Florida, California, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Forszt Brothers Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in IN, FL, CA.
Forszt Brothers Charitable Foundation Inc. has distributed a total of $120K across 20 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $5K to $20K.
Forszt Brothers Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Forszt Brothers Charitable Foundation Inc. is headquartered in VALPARAISO, IN. While based in IN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Steffen | DIRECTOR | $0 | $0 | N/A |
| Mark Forszt | PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Michael Forszt | VICE PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Shannon Lee | TREASURER & DIRECTOR | $0 | $0 | N/A |
| J Brian Hittinger | SECRETARY/CHAIRMAN & DIRECTOR | $0 | $0 | N/A |
| Claudia Mclaughlin | DIRECTOR | $0 | $0 | N/A |
| Charles Moore | DIRECTOR | $0 | $0 | N/A |
| Alicia Soukup | DIRECTOR | $0 | $0 | N/A |
Total Giving
$127K
Total Assets
$1.9M
Fair Market Value
$1.9M
Net Worth
$1.9M
Grants Paid
$115K
Contributions
$1M
Net Investment Income
$53K
Distribution Amount
$51K
Total Grants
20
Total Giving
$120K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
20
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| K9s For WarriorsOPERATING FUNDS | Ponte Vedra, FL | $20K | 2023 |
| Home Team Valpo IncOPERATING FUNDS | Valparaiso, IN | $10K | 2023 |
| Habitat For Humanity International IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Housing Opportunities IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Lakeshore Paws IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Opportunity Enterprises IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| New Creation Business Advocates IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Pines Village Retirement Communities IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Porter County Parks Foundation IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| True North Training Stables IncOPERATING FUNDS | Chesterton, IN | $5K | 2023 |
| Visiting Nurse Association Of Porter County Indiana IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Sheldrick Wild Life Trust UsaOPERATING FUNDS | Laguna Hills, CA | $5K | 2023 |
| Sunshine CenterOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Independent Cat SocietyOPERATING FUNDS | Westville, IN | $5K | 2023 |
| Hilltop Neighborhood House IncOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Caring Place IncorporatedOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Veterans Of Foreign Wars Dept Of In AuxiliaryOPERATING FUNDS | Valparaiso, IN | $5K | 2023 |
| Boys & Girls Club Of Greater Northwest Indiana IncOPERATING FUNDS | Portage, IN | $5K | 2023 |
| Project AlsOPERATING FUNDS - NEXTGEN ALS | New York, NY | $5K | 2022 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN