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Forman Family Foundation is a private corporation based in CHERRY HILL, NJ. The foundation received its IRS ruling in 2017. The principal officer is Richard P Forman. It holds total assets of $6M. Annual income is reported at $1.1M. Total assets have decreased from $7.8M in 2019 to $6M in 2024. The foundation is governed by 3 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 2020 to 2024. According to available records, Forman Family Foundation has made 3 grants totaling $1.3M, with a median grant of $432K. The foundation has distributed between $372K and $483K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $483K distributed across 1 grants. Individual grants have ranged from $372K to $483K, with an average award of $429K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New Jersey. 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.
Forman Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NJ.
Forman Family Foundation has distributed a total of $1.3M across 3 grants. The median grant size is $432K, with an average of $429K. Individual grants have ranged from $372K to $483K.
Forman Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Forman Family Foundation is headquartered in CHERRY HILL, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard P Forman | TRUSTEE | $0 | $0 | N/A |
| Donna E Forman | TRUSTEE | $0 | $0 | N/A |
| Jack Forman | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$6M
Fair Market Value
N/A
Net Worth
$6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$1.3M
Average Grant
$429K
Median Grant
$432K
Unique Recipients
2
Most Common Grant
$483K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ListSEE ATTACHMENT | Cherry Hill, NJ | $432K | 2023 |
| VariousSEE ATTACHMENT | Cherry Hill, NJ | $483K | 2022 |