Fore Aces Family Foundation
EIN 454047076About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,424,500. This amount represents 25% or more of the Foundation's net assets of $4,455,205 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $130K | $2.3M | $624K | 14 |
| 2018 | $666K | $2.5M | $636K | 9 |
| 2019 | N/A | $3.6M | $1.9M | N/A |
| 2020 | $726K | $5.3M | $2.2M | 12 |
| 2021 | $921K | $7.9M | $3.5M | 15 |
| 2022 | $1.7M | $4.9M | $313K | 17 |
| 2023 | $1.0M | $4.5M | $-212K | 18 |
| 2024 | $1.4M | $3.4M | $258K | 22 |
Grant Size Distribution
Based on 107 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (107 total)
| Purpose | ||||
|---|---|---|---|---|
| President & Trustees of Colby College | Waterville, ME | $750,000 | New athletic facility | 2022 |
| President & Trustees of Colby College | Waterville, ME | $500,000 | New Athletic Facility Project | 2018 |
| President & Trustees of Colby College | Waterville, ME | $500,000 | new athletic facility | 2020 |
| President & Trustees of Colby College | Waterville, ME | $500,000 | New athletic facility | 2021 |
| President & Trustees of Colby College | Waterville, ME | $500,000 | New Athletic Facility | 2023 |
| President & Trustees of Colby College | Waterville, ME | $500,000 | funds for New Athletic Facility | 2024 |
| Champlain College Inc | Burlington, VT | $500,000 | General & Unrestricted | 2022 |
| Champlain College Inc | Burlington, VT | $400,000 | President's Initiatives Fund | 2024 |
| Champlain College Inc | Burlington, VT | $250,000 | Champlain Fund | 2024 |
| Vermont Community Foundation | Middlebury, VT | $150,000 | General & Unrestricted | 2021 |
| Vermont Community Foundation | Middlebury, VT | $150,000 | General & Unrestricted | 2023 |
| Lake Champlain Community Sailing Center Inc | Burlington, VT | $149,665 | Waterfront Redevelopment Project | 2022 |
| President & Trustees of Colby College | Waterville, ME | $100,000 | General & Unrestricted | 2020 |
| President & Trustees of Colby College | Waterville, ME | $100,000 | General & Unrestricted | 2023 |
| President & Trustees of Colby College | Waterville, ME | $80,000 | General & Unrestricted | 2018 |
| President & Trustees of Colby College | Waterville, ME | $80,000 | Matt Gaudet '95 Men's Basketball Locker Room | 2022 |
| President & Trustees of Colby College | Waterville, ME | $70,000 | Friends of Basketball and Friends of Lacrosse | 2021 |
| Champlain Housing Tr | Burlington, VT | $50,000 | Homes, Health and Equity Campaign | 2021 |
| Champlain College Inc | Burlington, VT | $50,000 | Champlain Fund | 2023 |
| Champlain Housing Tr | Burlington, VT | $50,000 | Homes, Health and Equity Campaign | 2023 |
| Lake Champlain Community Sailing Center Inc | Burlington, VT | $50,000 | Waterfront Redevelopment Project | 2023 |
| Champlain Housing Tr | Burlington, VT | $50,000 | Homes, Health and Equity Campaign | 2024 |
| Matt Brown Foundation Inc | Norwood, MA | $50,000 | General & Unrestricted | 2024 |
| Spectrum Inc | Burlington, VT | $50,000 | General & Unrestricted | 2024 |
| Champlain College Inc | Burlington, VT | $50,000 | 2022 Annual Fund | 2022 |