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· Private foundation

Forest Foundation Inc

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$188k
Granted FY2025still arriving
14
Grants FY2025still arriving
4
States reached
$46k
Largest
01What it funds
0197% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Education$416kHealth$267kCrime & Legal$217kHuman Services$164kArts & Culture$122kPhilanthropy$25kRecreation & Sports$24kOther$0
02FY2025 · 14 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k7 grants · $37k
  • $10k–50k7 grants · $151k
$10,000
Median grant
4
States reached
$2.3M
Total assets
Largest grants
RecipientAmount
DEPAUL UNIVERSITY$46,400
PLANNED PARENTHOOD OF WI$30,000
JEWISH FDN OF EDUCATION FOR WOMEN$25,000
WOMEN'S MEDICAL FUND INC$20,000
GOODMAN COMMUNITY CENTRE$10,000
WISCONSIN PUBLIC RADIO$10,000
MICHAEL J FOX FOUNDATION$10,000
JEWISH SOCIAL SERVICES MADISON$7,500
MADISON SENIOR CENTER FDN$7,500
Individual grant recipient$7,055
WYSO-MADISON MUSIC MAKERS$5,000
MADISON PUBLIC LIBRARY$5,000
FOUR SEASONS THEATRE$4,000
LAGUARDIA HIGH SCHOOL$1,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–25, $96k) land where the poverty rate runs at 10%, against an area that typically sits at 11%. 0% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 11%Goodman Community Center: $10k → 10%Goodman Community Center: $10k → 10%Goodman Community Center: $10k → 10%Goodman Community Center: $5k → 10%Goodman Community Center: $5k → 10%Goodman Community Center: $4k → 10%Goodman Community Center: $3k → 10%MADISON SENIOR CENTER FDN: $8k → 10%Madison Senior Center Fdtn: $8k → 10%MADISON SENIOR CENTER FDN: $8k → 10%Madison Senior Center Fdtn: $8k → 10%Madison Senior Center Fdtn: $8k → 10%Madison Senior Center Fdtn: $5k → 10%Madison Senior Center Fdtn: $3k → 10%Madison Senior Center Fdtn: $2k → 10%Madison Senior Center Fdtn: $1k → 10%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

98%of every dollar goes to organizations it has funded before.
$1.2M · 23 repeat orgs$31k to everyone else

Grantees it renews have grown median revenue +85% since the first grant, against +7% for those funded once.

23 repeat relationships: 13 still active in FY2025, 10 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

23
2

Total granted

$1.2M
$6k

Median revenue growth · since first grant

+85%
+7%

Still filing today

48%
100%

New vs renewed · share of each year

In FY2025, 87% of grant dollars renewed an existing relationship; $25k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
EducationHealthArts & CultureHuman ServicesCivil RightsOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • WM
    WOMEN'S MEDICAL FUND INC
    9× · 2017–2025 · $157k · revenue +92%
  • DU
    DEPAUL UNIVERSITY
    7× · 2018–2025 · $139k · revenue +15%
  • WISCONSIN PUBLIC RADIO ASSOCIATION INC
    9× · 2017–2025 · $60k · revenue +66%

Funded once

  • DU
    DREXEL UNIVERSITY
    one grant, 2018 · $5k · revenue +7%
  • FM
    FIELD MUSEUM OF NATURAL HISTORY
    one grant, 2024 · $1k · revenue 0%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Mathematics Institute of Wisconsin Co Kathryn Leverenz
Education
2
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
3
Marquette University

As a Catholic, Jesuit university our mission is to search for truth, discover shareknowledge, foster personal professional excellence, promote a life of faith and developleadership expressed in service to others. See Schedule O.

Education
4
The Medical College of Wisconsin Inc

The medical college of wisconsin (mcw) is a distinguished leader and innovator in the education and development of the next generation of physicians, (continued in schedule o)

Education
5
Delaware State University

Delaware state university is a public, comprehensive, 1890 land-grant institution that offers access and opportunity to diverse populations from delaware, the nation, and the world. (continued on schedule o.)building on its heritage as a…

Education
6
The Uwm Foundation Inc

The mission of the uwm foundation, inc. is to support the educational, literary, and scientific endeavors of the university of wisconsin-milwaukee by receiving, managing, and distributing gifts to benefit the university's students,…

Education
7
Trustees of the University of Pennsylvania

The trustees of the university of pennsylvania (the "university") sees itself as having a public service mission. in such regard, the university aims to provide a rich and diverse educational environment for its students; to pioneer…

Education
8
Dickinson College

Dickinson college provides a useful, innovative and interdisciplinary education in the liberal arts and sciences to prepare students to lead rich and fulfilling lives of engaged global citizenship

Education
9
University of Miami

See Form 990, Part I, Line 1, Description of Organization Mission.

Education
10
Northern Illinois University Foundation

The niu foundation's mission is to energize and connect the private sector with the niu community to secure and steward resources that support the future and growth of niu.

Education
11
Milwaukee Institute of Art & Design Inc

The milwaukee institute of art and design's mission is to ignite curious minds through art, design and service. we value courage to seek our own path, integrity to pursue our lives and work with meaning, kindness to thoughtfully engage…

—
12
University of Wisconsin - Green Bay Foundation Inc

The uw-green bay foundation furthers the mission of uw-green bay, a public university, by developing and increasing opportunities for students primarily in the areas other than those in which the state of wisconsin ordinarily makes…

Education
How this is measured
The grantee most central to the portfolio’s shape is University of Wisconsin Foundation; the most unlike its peers is Drexel University. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

14 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 14 of the 26 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
3
Early backer (in before they grew)
13/14
Grantees still filing
11/14
Grew since first funded

Where the money sits, by cause and then by grantee

PLANNED PARENTHOOD OF WI: $240,000 · OtherPLANNED PARENTHOOD OF WIJewish Foundation Inc: $166,000 · OtherJewish Foundation IncJEWISH SOCIAL SERVICES OF MADISON INC: $48,500 · OtherJEWISH SOCIAL SERVICES OF MADISON INCBrooklyn College Fund: $41,000 · OtherBrooklyn College FundIndividual grant recipient: $37,838 · OtherIndividual grant recipientWYSO-MADISON MUSIC MAKERS: $31,000 · OtherFour Seasons Theatre: $25,000 · OtherJEWISH FDN OF EDUCATION FOR WOMEN: $25,000 · Other+6 more: $59,150 · Other+6 moreWOMEN'S MEDICAL FUND INC: $157,000 · HealthWOMEN'S MEDICAL FU…THE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH: $50,000 · HealthTHE MICHAEL J FOX …DEPAUL UNIVERSITY: $138,800 · EducationDEPAUL UNIVERSIT…MADISON PUBLIC LIBRARY FOUNDATION INC: $29,000 · EducationMADISON PUBLIC L…JUILLIARD SCHOOL: $8,000 · Education+2 more: $6,500 · EducationMADISON SENIOR CENTER FOUNDATION INC: $48,500 · Human ServicesIRWIN A AND ROBERT D GOODMAN COMMUNITY CENTER INC: $47,000 · Human ServicesWISCONSIN PUBLIC RADIO ASSOCIATION INC: $60,000 · Arts & Culture+1 more: $1,000 · Arts & CultureEQUAL JUSTICE INITIATIVE: $36,500 · Civil Rights
Other$673,488Health$207,000Education$182,300Human Services$95,500Arts & Culture$61,000Civil Rights$36,500

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetWOMEN'S MEDICAL FUND INC: $157,000 over 9y, 3.7% of budgetDEPAUL UNIVERSITY: $138,800 over 7y, 0.0% of budgetWISCONSIN PUBLIC RADIO ASSOCIATION INC: $60,000 over 9y, 0.1% of budgetTHE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH: $50,000 over 5y, 0.0% of budgetMADISON SENIOR CENTER FOUNDATION INC: $48,500 over 9y, 15% of budgetJEWISH SOCIAL SERVICES OF MADISON INC: $48,500 over 9y, 0.5% of budgetIRWIN A AND ROBERT D GOODMAN COMMUNITY CENTER INC: $47,000 over 7y, 0.1% of budgetEQUAL JUSTICE INITIATIVE: $36,500 over 7y, 0.0% of budgetMADISON PUBLIC LIBRARY FOUNDATION INC: $29,000 over 7y, 0.4% of budgetJUILLIARD SCHOOL: $8,000 over 4y, 0.0% of budgetMadison Music Makers Inc: $5,000 over 2y, 4.4% of budgetDREXEL UNIVERSITY: $5,000 over 1y, 0.0% of budgetUNIVERSITY OF WISCONSIN FOUNDATION: $1,500 over 3y, 0.0% of budgetFIELD MUSEUM OF NATURAL HISTORY: $1,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds WOMEN'S MEDICAL FUND INC ↗
  • Who funds DEPAUL UNIVERSITY ↗
  • Who funds WISCONSIN PUBLIC RADIO ASSOCIATION INC ↗
  • Who funds THE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH ↗
  • Who funds MADISON SENIOR CENTER FOUNDATION INC ↗
  • Who funds JEWISH SOCIAL SERVICES OF MADISON INC ↗
  • Who funds IRWIN A AND ROBERT D GOODMAN COMMUNITY CENTER INC ↗
  • Who funds EQUAL JUSTICE INITIATIVE ↗
  • Who funds MADISON PUBLIC LIBRARY FOUNDATION INC ↗
  • Who funds JUILLIARD SCHOOL ↗
  • Who funds Madison Music Makers Inc ↗
  • Who funds DREXEL UNIVERSITY ↗
  • Who funds UNIVERSITY OF WISCONSIN FOUNDATION ↗
  • Who funds FIELD MUSEUM OF NATURAL HISTORY ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Madison Community FoundationWI15.7× affinity5 shared granteesties to 4 of 4Hover any node to trace its alignments.Compare side by side →

Open a dossier: Madison Community Foundation · Vanguard Charitable Endowment Program · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Forest Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from Forest Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%5%11%20%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    4report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–15%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 26 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Forest’s filings →

    More from the funding graph