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The Furst Family Foundation is a private corporation based in FLOWER MOUND, TX. The foundation received its IRS ruling in 1997. The principal officer is John D Furst. It holds total assets of $6.3M. Annual income is reported at $40K. Total assets have grown from $2.1M in 2011 to $6.3M in 2023. The foundation is governed by 3 officers and trustees. Pursuant to the bylaws article 1 - purpose, direct charitable activity includes supporting individuals in need. Support provided to los borrachos memorial fund to provide for basic living expenses, food, medical & housing, for family whose husband/father, in his 30's, died suddenly leaving a single mom to care for two young children. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Texas and Tennessee. According to available records, The Furst Family Foundation has made 11 grants totaling $284K, with a median grant of $15K. Annual giving has decreased from $150K in 2020 to $84K in 2023. Individual grants have ranged from $5K to $100K, with an average award of $26K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Texas, Tennessee, California, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$23K
Average Grant
$38K
Largest Grant
$100K
Based on 4 grants from the most recent 990-PF filing.
Pursuant to the bylaws article 1 - purpose, direct charitable activity includes supporting individuals in need. Support provided to los borrachos memorial fund to provide for basic living expenses, food, medical & housing, for family whose husband/father, in his 30's, died suddenly leaving a single mom to care for two young children.
Expenses: $34K
Pursuant to the bylaws article 1 - purpose, direct charitable activity includes supporting individuals in need. Support provided to los borrachos memorial fund to provide for basic living expenses, food, medical & housing, for family whose husband/father, in his 30's, died suddenly leaving a single mom to care for two young children. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in TX, TN, CA.
The Furst Family Foundation has distributed a total of $284K across 11 grants. The median grant size is $15K, with an average of $26K. Individual grants have ranged from $5K to $100K.
The Furst Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Furst Family Foundation is headquartered in FLOWER MOUND, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John D Furst | CHAIRMAN | $0 | $0 | N/A |
| Robert S Furst | DIRECTOR | $0 | $0 | N/A |
| Debra L Furst | DIRECTOR | $0 | $0 | N/A |
Total Giving
$100K
Total Assets
$6.3M
Fair Market Value
$10.5M
Net Worth
$6.3M
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$22K
Distribution Amount
$486K
Total: $551K
Total Grants
11
Total Giving
$284K
Average Grant
$26K
Median Grant
$15K
Unique Recipients
9
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Los Borrachos Memorial FundDIRECT CHARITABLE ACTIVITY | Rolling Hills Estates, CA | $34K | 2023 |
| National Louis UniversityCHARITABLE DONATION. | Chicago, IL | $25K | 2023 |
| Adaptive Training FoundationCHARITABLE DONATION. | Carrollton, TX | $25K | 2023 |
| St PhillipsCHARITABLE DONATION. | Dallas, TX | $15K | 2022 |
| Circle Ten CouncilCHARITABLE DONATION. | Dallas, TX | $10K | 2022 |
| Liberty Ministries & Christian SchoolSCHOLARSHIP FUND FOR STUDENTS TO ATTEND THE SCHOOL. | Argyle, TX | $100K | 2020 |
| Strength For Service IncCHARITABLE DONATION. | Nashville, TN | $35K | 2020 |
| Circle Ten Council BsaCHARITABLE DONATION. | Dallas, TX | $10K | 2020 |
| Longhorn Council BsaCHARITABLE DONATION. | Hurst, TX | $5K | 2020 |