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Also known as: C/O DAVIDSON DAWSON & CLARK
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Furtherance Fund Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1966. The principal officer is Davidson Dawson & Clark. It holds total assets of $4.9M. Annual income is reported at $434K. Total assets have decreased from $7.2M in 2011 to $4.8M in 2022. The foundation is governed by 5 officers and trustees. 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 Massachusetts and New York. According to available records, Furtherance Fund Inc. has made 34 grants totaling $24.2M, with a median grant of $30K. Annual giving has grown from $620K in 2021 to $22.9M in 2023. Individual grants have ranged from $5K to $11.5M, with an average award of $711K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Massachusetts, Connecticut, New York, which account for 62% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$30K
Average Grant
$39K
Largest Grant
$150K
Based on 16 grants from the most recent 990-PF filing.
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.
Furtherance Fund Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 34 grants. Its grantmaking reaches organizations primarily in MA, CT, NY.
Furtherance Fund Inc. has distributed a total of $24.2M across 34 grants. The median grant size is $30K, with an average of $711K. Individual grants have ranged from $5K to $11.5M.
Furtherance Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Furtherance Fund Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert M Olmsted | PRES./ TREAS. | $0 | $0 | N/A |
| Andrew L Tansey | SECRETARY | $0 | $0 | N/A |
| Katharine H Olmsted | MEMBER | $0 | $0 | N/A |
| Alexandra M Olmsted | MEMBER | $0 | $0 | N/A |
| James F Kelly | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$11.5M
Total Assets
$4.8M
Fair Market Value
$6.4M
Net Worth
$4.8M
Grants Paid
$11.5M
Contributions
$158K
Net Investment Income
$626K
Distribution Amount
$757K
Total: $2.8M
Total Grants
34
Total Giving
$24.2M
Average Grant
$711K
Median Grant
$30K
Unique Recipients
18
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Boston Foundation IncGENERAL SUPPORT | Boston, MA | $11.5M | 2023 |
| Pomfret SchoolEDUCATIONAL | Pomfret, CT | $180K | 2022 |
| Concord AcademyEDUCATIONAL | Concord, MA | $75K | 2022 |
| Olmsted Manor Retreat CenterRELIGIOUS | Ludlow, PA | $70K | 2022 |
| Alliance For Climate EducationGENERAL SUPPORT | Boulder, CO | $50K | 2022 |
| The Park SchoolEDUCATIONAL | Brookline, MA | $35K | 2022 |
| The Macdowell ColonyEDUCATIONAL | New York, NY | $30K | 2022 |
| Princeton UniversityEDUCATIONAL | Princeton, NJ | $30K | 2022 |
| Roca IncTRADITIONAL EDUCATION ALTERNATIVE | Chelsea, MA | $30K | 2022 |
| Adirondack Land Trust IncLAND PRESERVATION | Keene, NY | $25K | 2022 |
| The Nature Conservancy-Adirondack ChapterADIRONDACK NATURE CONSERVANCY | Arlington, VA | $25K | 2022 |
| Children'S Hospital Of Boston FoundationMEDICAL | Boston, MA | $20K | 2022 |
| Beacon AcademyEDUCATIONAL | Boston, MA | $20K | 2022 |
| Woodlawn Conservancy IncEDUCATIONAL | Bronx, NY | $15K | 2022 |
| Washington University At St LouisEDUCATIONAL | St Louis, MO | $10K | 2022 |
| The Nightingale-Bamford SchoolEDUCATIONAL | New York, NY | $5K | 2022 |
| Bring Change To MindGENERAL SUPPORT | San Francisco, CA | $5K | 2022 |
| Chi Omega FoundationGENERAL SUPPORT | Memphis, TN | $25K | 2021 |