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Also known as: C/O BESSEMER TRUST COMPANY NA
Theodore J Forstmann Charitable Trust is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 2015. The principal officer is % Bessemer Trust. It holds total assets of $25.4M. Annual income is reported at $1.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Theodore J Forstmann Charitable Trust has made 191 grants totaling $88.1M, with a median grant of $250K. Annual giving has grown from $14.7M in 2020 to $19.2M in 2023. Grantmaking activity was highest in 2022 with $37.9M distributed across 82 grants. Individual grants have ranged from $10K to $4.9M, with an average award of $461K. The foundation has supported 65 unique organizations. The foundation primarily supports organizations in New York, California, Florida, which account for 72% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Theodore J Forstmann Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 191 grants. Its grantmaking reaches organizations primarily in NY, CA, FL.
Theodore J Forstmann Charitable Trust has distributed a total of $88.1M across 191 grants. The median grant size is $250K, with an average of $461K. Individual grants have ranged from $10K to $4.9M.
Theodore J Forstmann Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Theodore J Forstmann Charitable Trust is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Courtney O'Malley | EXECUTIVE DIRECTOR TO TRUS | $289K | $61K | $350K |
| Bessemer Trust Company Na | CO-TRUSTEE | $66K | $0 | $66K |
| Margot Mcginness | CO-TRUSTEE | $0 | $0 | $0 |
| Kathleen Broderick | CO-TRUSTEE | $0 | $0 | $0 |
Total Giving
$20M
Total Assets
$41M
Fair Market Value
$41.1M
Net Worth
$41M
Grants Paid
$19.2M
Contributions
$0
Net Investment Income
$599K
Distribution Amount
$2.5M
Total Grants
191
Total Giving
$88.1M
Average Grant
$461K
Median Grant
$250K
Unique Recipients
65
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| A Place Called HomeGENERAL EXEMPT PURPOSE | Los Angeles, CA | $933K | 2023 |
| Children'S Scholarship FundGENERAL EXEMPT PURPOSE | New York, NY | $3.1M | 2023 |
| Spence-Chapin Services To Families And ChildrenGENERAL EXEMPT PURPOSE | New York, NY | $2.2M | 2023 |
| African Leadership FoundationGENERAL EXEMPT PURPOSE | New York, NY | $1.2M | 2023 |
| Wolakota Waldorf SocietyGENERAL EXEMPT PURPOSE | Kyle, SD |
| 2018 | 990PF | View |
| $900K |
| 2023 |
| Partnership SchoolsGENERAL EXEMPT PURPOSE | New York, NY | $822K | 2023 |
| New Alternatives For Children IncGENERAL EXEMPT PURPOSE | New York, NY | $750K | 2023 |
| Rocking The Boat IncGENERAL EXEMPT PURPOSE | Bronx, NY | $750K | 2023 |
| Friends Of Raising The Village IncorporatedGENERAL EXEMPT PURPOSE | New York, NY | $750K | 2023 |
| Crossover MissionGENERAL EXEMPT PURPOSE | Vero Beach, FL | $600K | 2023 |
| Australian Indigenous Education FoundationGENERAL EXEMPT PURPOSE | Surry Hills | $521K | 2023 |
| The Jed FoundationGENERAL EXEMPT PURPOSE | Brooklyn, NY | $500K | 2023 |
| The Learning AllianceGENERAL EXEMPT PURPOSE | Vero Beach, FL | $500K | 2023 |
| Yamba Malawi IncGENERAL EXEMPT PURPOSE | New York, NY | $500K | 2023 |
| Summer SearchGENERAL EXEMPT PURPOSE | Oakland, CA | $500K | 2023 |
| Hibiscus Children'S CenterGENERAL EXEMPT PURPOSE | Jensen Beach, FL | $400K | 2023 |
| The Bridge Golf FoundationGENERAL EXEMPT PURPOSE | New York, NY | $350K | 2023 |
| Homeless Children'S Foundation Of Indian River CountyGENERAL EXEMPT PURPOSE | Indian River Shores, FL | $330K | 2023 |
| Fundacja Katalyst EducationGENERAL EXEMPT PURPOSE | — | $300K | 2023 |
| Proyecto PastoralGENERAL EXEMPT PURPOSE | Los Angeles, CA | $300K | 2023 |
| Comprehensive Youth DevelopmentGENERAL EXEMPT PURPOSE | New York, NY | $291K | 2023 |
| Childcare Resources Of Indian River IncGENERAL EXEMPT PURPOSE | Vero Beach, FL | $258K | 2023 |
| United Friends Of The ChildrenGENERAL EXEMPT PURPOSE | Los Angeles, CA | $250K | 2023 |
| Caritas Of Krakow ArchdioceseGENERAL EXEMPT PURPOSE | — | $200K | 2023 |
| Adventures In LearningGENERAL EXEMPT PURPOSE | Manhasset, NY | $200K | 2023 |
| Foundations In EducationGENERAL EXEMPT PURPOSE | Bridgeport, CT | $200K | 2023 |
| Children First FoundationGENERAL EXEMPT PURPOSE | North Melbourne | $182K | 2023 |
| Seriousfun Childrens NetworkGENERAL EXEMPT PURPOSE | Westport, CT | $167K | 2023 |
| Figure Skating In HarlemGENERAL EXEMPT PURPOSE | New York, NY | $150K | 2023 |
| Make-A-Wish FoundationGENERAL EXEMPT PURPOSE | Phoenix, AZ | $150K | 2023 |
| School On Wheels IncGENERAL EXEMPT PURPOSE | Los Angeles, CA | $150K | 2023 |
| Nicholas Center LtdGENERAL EXEMPT PURPOSE | Port Washington, NY | $125K | 2023 |
| Catholic Charities Of Fairfield County IncGENERAL EXEMPT PURPOSE | Bridgeport, CT | $107K | 2023 |
| Penny'S Flight Foundation IncGENERAL EXEMPT PURPOSE | Glen Cove, NY | $100K | 2023 |
| The Arthur Project IncGENERAL EXEMPT PURPOSE | New York, NY | $100K | 2023 |
| Youth Sailing Foundation Of Indian River CountyGENERAL EXEMPT PURPOSE | Vero Beach, FL | $83K | 2023 |
| Grenville Baker Boys & Girls ClubGENERAL EXEMPT PURPOSE | Locust Valley, NY | $60K | 2023 |
| Flaviana Matata Foundation IncGENERAL EXEMPT PURPOSE | Brooklyn, NY | $50K | 2023 |
| Winchester AbcGENERAL EXEMPT PURPOSE | Winchester, MA | $50K | 2023 |
| TwinspireGENERAL EXEMPT PURPOSE | Redding, CA | $33K | 2023 |
| Glen Cove Boys & Girls Club At Lincoln House IncGENERAL EXEMPT PURPOSE | Glen Cove, NY | $32K | 2023 |
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